Please use this identifier to cite or link to this item: http://hdl.handle.net/11144/5688
Title: Financing circular economy projects: a clinical study.
Authors: Pinto, João
Alves, Paulo
Castendo, Cláudio
Keywords: financing instruments
circular economy
ESG
clinical study
Issue Date: Jun-2022
Publisher: CICEE. Universidade Autónoma de Lisboa
Abstract: This paper interconnects the literature on circular economy and sustainable finance. In addition to describing the reasons behind circular economy projects, this paper surveys the literature on financing circularity. The financial industry plays a significant and increasing role in promoting sustainability by supporting sustainable investment projects. To obtain funds for circular economy projects, sponsors face additional challenges due to business and financial complexities inherent to such projects. We characterise and describe firms’ reasons for developing circular economy projects as well as how these projects are funded by using a clinical study focused on three projects. Extant literature presents 3Rs (Reduce, Reuse and Recycle); the reduction of cost and pollution; improvement in competitiveness, innovation, and processes; improvement of ESG ratings, and enhance reputation. All these reasons are positively correlated and address resource scarcity, impact on environment, and economic concerns. Innovative circular projects are typically funded via a mix of sustainable equity – venture capital funds, impact investors, EU funds – and debt – sustainable bonds (green and ESG bonds) and loans.
Peer Reviewed: yes
URI: http://hdl.handle.net/11144/5688
metadata.dc.identifier.doi: https://doi.org/10.26619/ERBE-2022.2.1.4
ISSN: 2184-898X
Appears in Collections:ERBE - European Review of Business Economics. Vol.2, nº1(2022)

Files in This Item:
File Description SizeFormat 
ERBE_II_1_JoaoPinto.pdf354,8 kBAdobe PDFThumbnail
View/Open


FacebookTwitterDeliciousLinkedInDiggGoogle BookmarksMySpaceOrkut
Formato BibTex mendeley Endnote Logotipo do DeGóis Logotipo do Orcid 

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.