This study examines how preferential buyer–supplier relationships contribute to net‐zero carbon supply chain performance by focusing on the relational and capability‐based mechanisms that enable supplier‐level decarbonization. Drawing on the resource‐based view (RBV) and stakeholder theory, the study addresses a critical gap in the literature, where supplier collaboration, motivation, and capability have largely been examined in isolation rather than as interdependent pathways. Using survey data collected from 324 supply chain professionals across emission‐intensive sectors, the proposed conceptual framework is empirically tested through confirmatory factor analysis and regression‐based conditional process modelling. The findings demonstrate that supplier preparedness and capability play a mediating role, fully transmitting the effects of collaboration and motivation for zero‐carbon operations on net‐zero carbon performance. Preferential relationship status indirectly enhances performance by fostering supplier collaboration and strengthening intrinsic motivation, which together enable capability development. In contrast, supply chain visibility and transparency do not significantly moderate these relationships, suggesting that monitoring technologies alone are insufficient without parallel investments in supplier capability‐building. The study contributes to sustainability and supply chain management literature by clarifying how preferential relationships facilitate a shift from compliance‐oriented approaches toward capability‐driven partnerships, offering actionable insights for firms pursuing net‐zero targets across complex supply networks.
{"title":"Building Net‐Zero Carbon Supply Chains: The Mediating Role of Supplier Collaboration, Motivation, and Capability in Preferential Relationships","authors":"C. V. Sunil Kumar, Jitendra Yadav, Rohit Agrawal","doi":"10.1002/bse.70646","DOIUrl":"https://doi.org/10.1002/bse.70646","url":null,"abstract":"This study examines how preferential buyer–supplier relationships contribute to net‐zero carbon supply chain performance by focusing on the relational and capability‐based mechanisms that enable supplier‐level decarbonization. Drawing on the resource‐based view (RBV) and stakeholder theory, the study addresses a critical gap in the literature, where supplier collaboration, motivation, and capability have largely been examined in isolation rather than as interdependent pathways. Using survey data collected from 324 supply chain professionals across emission‐intensive sectors, the proposed conceptual framework is empirically tested through confirmatory factor analysis and regression‐based conditional process modelling. The findings demonstrate that supplier preparedness and capability play a mediating role, fully transmitting the effects of collaboration and motivation for zero‐carbon operations on net‐zero carbon performance. Preferential relationship status indirectly enhances performance by fostering supplier collaboration and strengthening intrinsic motivation, which together enable capability development. In contrast, supply chain visibility and transparency do not significantly moderate these relationships, suggesting that monitoring technologies alone are insufficient without parallel investments in supplier capability‐building. The study contributes to sustainability and supply chain management literature by clarifying how preferential relationships facilitate a shift from compliance‐oriented approaches toward capability‐driven partnerships, offering actionable insights for firms pursuing net‐zero targets across complex supply networks.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"5 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2026-03-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147374311","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Jose Arturo Garza‐Reyes, Meiirman Khassen, Ranjit Roy Ghatak, Rohit Joshi, Christian Muñoz Sánchez, Jayakrishna Kandasamy
The global manufacturing sector has increasingly adopted circular economy ( CE ) practices to address sustainability challenges and improve operational efficiency. This study explores the impact of five CE practices—reduce, reuse, remanufacture, recycle, and recover—on key operational performance dimensions: quality, speed, dependability, flexibility, and cost. Drawing on data from 197 manufacturing professionals selected through purposive sampling, the study employs regression and correlation analyses to generate empirical insights. The findings indicate that remanufacture significantly enhances quality and speed, whereas recovery practices show strong potential for cost savings and adaptability. In contrast, reduce practices demonstrate limited direct effects unless strategically aligned with lean approaches. Reuse and recycle practices contributed more to long‐term sustainability than immediate operational gains. Managerial, theoretical, and policy implications underscore the need for strategic integration, technological advancements, and supportive policy frameworks to maximize CE benefits. Although the results offer valuable practical and theoretical implications, the nonprobability sampling approach limits statistical generalizability. Accordingly, this research should be viewed as an exploratory mapping of CE practice impacts, providing a foundation for future studies employing more representative designs.
{"title":"Operational Performance Implications of Circular Economy Implementation: An Empirical Exploration in the Manufacturing Sector","authors":"Jose Arturo Garza‐Reyes, Meiirman Khassen, Ranjit Roy Ghatak, Rohit Joshi, Christian Muñoz Sánchez, Jayakrishna Kandasamy","doi":"10.1002/bse.70635","DOIUrl":"https://doi.org/10.1002/bse.70635","url":null,"abstract":"The global manufacturing sector has increasingly adopted circular economy ( <jats:sc>CE</jats:sc> ) practices to address sustainability challenges and improve operational efficiency. This study explores the impact of five <jats:sc>CE</jats:sc> practices—reduce, reuse, remanufacture, recycle, and recover—on key operational performance dimensions: quality, speed, dependability, flexibility, and cost. Drawing on data from 197 manufacturing professionals selected through purposive sampling, the study employs regression and correlation analyses to generate empirical insights. The findings indicate that remanufacture significantly enhances quality and speed, whereas recovery practices show strong potential for cost savings and adaptability. In contrast, reduce practices demonstrate limited direct effects unless strategically aligned with lean approaches. Reuse and recycle practices contributed more to long‐term sustainability than immediate operational gains. Managerial, theoretical, and policy implications underscore the need for strategic integration, technological advancements, and supportive policy frameworks to maximize <jats:sc>CE</jats:sc> benefits. Although the results offer valuable practical and theoretical implications, the nonprobability sampling approach limits statistical generalizability. Accordingly, this research should be viewed as an exploratory mapping of <jats:sc>CE</jats:sc> practice impacts, providing a foundation for future studies employing more representative designs.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"89 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2026-03-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147374313","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Amr H. Moharram, Waleed M. Alahdal, Shayuti Mohamed Adnan, Khaled Hussainey, Hafiza Aishah Hashim
This study investigates the relationship between environmental, social, and governance disclosure (ESGD) and firm performance, focusing on its impact on firm profitability (return on assets; ROA) and firm value (Tobin's Q), while considering the moderating roles of accrual earnings management (AEM) and real earnings management (REM) within the Egyptian context. The study uses panel data from 71 nonfinancial firms listed in the EGX 100 index over the period 2016–2022 (497 firm‐year observations) and analyzes the data using fixed‐effects regression with Driscoll and Kraay standard errors. Based on a self‐constructed ESGD index including 85 indicators, ESG data were collected from multiple sources. The findings indicate that although ESGD is positively associated with firm profitability (ROA), consistent with stakeholder and legitimacy theories, it is negatively associated with firm value (Tobin's Q), suggesting that ESG efforts are valued differently by internal and external stakeholders. Moreover, AEM negatively moderates both the ESGD–ROA and ESGD–Tobin's Q relationships, indicating that managerial opportunism, as emphasized by agency theory, may distort the performance relevance of ESGD across both operational and market dimensions. However, REM negatively moderates only the ESGD–Tobin's Q relationship, suggesting that agency‐driven real activity manipulation primarily weakens the market's perception of ESGD credibility. This study offers novel evidence from the underresearched Egyptian context, being the first to examine how both AEM and REM moderate the ESGD–firm performance relationship in an emerging market. It contributes to the research debate on ESGD and firm performance by highlighting how credible ESG reporting and financial reporting integrity shape both profitability and market valuation under managerial discretion. The findings offer insights for policymakers seeking to strengthen ESGD regulations, for managers aiming to align ESG initiatives with operational outcomes, and for investors evaluating the credibility of ESG information in the presence of earnings management concerns.
{"title":"The Effect of ESG Disclosure on Firm Performance: Does Earnings Management Matter?","authors":"Amr H. Moharram, Waleed M. Alahdal, Shayuti Mohamed Adnan, Khaled Hussainey, Hafiza Aishah Hashim","doi":"10.1002/bse.70669","DOIUrl":"https://doi.org/10.1002/bse.70669","url":null,"abstract":"This study investigates the relationship between environmental, social, and governance disclosure (ESGD) and firm performance, focusing on its impact on firm profitability (return on assets; ROA) and firm value (Tobin's Q), while considering the moderating roles of accrual earnings management (AEM) and real earnings management (REM) within the Egyptian context. The study uses panel data from 71 nonfinancial firms listed in the EGX 100 index over the period 2016–2022 (497 firm‐year observations) and analyzes the data using fixed‐effects regression with Driscoll and Kraay standard errors. Based on a self‐constructed ESGD index including 85 indicators, ESG data were collected from multiple sources. The findings indicate that although ESGD is positively associated with firm profitability (ROA), consistent with stakeholder and legitimacy theories, it is negatively associated with firm value (Tobin's Q), suggesting that ESG efforts are valued differently by internal and external stakeholders. Moreover, AEM negatively moderates both the ESGD–ROA and ESGD–Tobin's Q relationships, indicating that managerial opportunism, as emphasized by agency theory, may distort the performance relevance of ESGD across both operational and market dimensions. However, REM negatively moderates only the ESGD–Tobin's Q relationship, suggesting that agency‐driven real activity manipulation primarily weakens the market's perception of ESGD credibility. This study offers novel evidence from the underresearched Egyptian context, being the first to examine how both AEM and REM moderate the ESGD–firm performance relationship in an emerging market. It contributes to the research debate on ESGD and firm performance by highlighting how credible ESG reporting and financial reporting integrity shape both profitability and market valuation under managerial discretion. The findings offer insights for policymakers seeking to strengthen ESGD regulations, for managers aiming to align ESG initiatives with operational outcomes, and for investors evaluating the credibility of ESG information in the presence of earnings management concerns.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"73 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2026-03-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147374330","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The rise of environmental, social, and governance (ESG) investing has illuminated long‐standing concerns over the ability for sustainability rating schemes to accurately convey sustainability‐related performance of firms. This study theorizes and empirically examines how a detailed and transparent rating methodology influences what information firms choose to disclose and how such influence may further decouple the rating from societal outcomes the rating seeks to address. I replicate the scoring methodology of a prominent disclosure mechanism and rating scheme (CDP) and examine the relationships between firm motivation and capacity for strategic response to ratings and carbon emissions. Findings indicate that firms closely attend to rating methodology, both applying greater effort to aspects of disclosure carrying greater rating value and altering disclosure when rating value prescribed by the methodology changes over time. More significantly, higher ratings are not on average associated with better carbon emissions performance.
{"title":"The Influence of Corporate Sustainability Rating Methodology on Disclosure Behavior","authors":"Patrick J. Callery","doi":"10.1002/bse.70700","DOIUrl":"https://doi.org/10.1002/bse.70700","url":null,"abstract":"The rise of environmental, social, and governance (ESG) investing has illuminated long‐standing concerns over the ability for sustainability rating schemes to accurately convey sustainability‐related performance of firms. This study theorizes and empirically examines how a detailed and transparent rating methodology influences what information firms choose to disclose and how such influence may further decouple the rating from societal outcomes the rating seeks to address. I replicate the scoring methodology of a prominent disclosure mechanism and rating scheme (CDP) and examine the relationships between firm motivation and capacity for strategic response to ratings and carbon emissions. Findings indicate that firms closely attend to rating methodology, both applying greater effort to aspects of disclosure carrying greater rating value and altering disclosure when rating value prescribed by the methodology changes over time. More significantly, higher ratings are not on average associated with better carbon emissions performance.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"25 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2026-03-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147374310","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Although existing scholarship recognizes environmental sustainability orientation as an important driver of circular economy outcomes, limited research has examined the contingent mechanisms through which this orientation translates into circular economy target performance (CCTP), particularly in resource‐constrained contexts. We adopted a knowledge‐based perspective to investigate how green value co‐creation moderates the relationship between environmental sustainability orientation and CCTP under varying conditions of green knowledge‐processing capability. Our study advances theory by conceptualizing environmental sustainability orientation as a multidimensional construct comprising chief executive officer (CEO) and supplier sustainability orientations, and by identifying the boundary conditions that determine when each dimension translates into circular economy outcomes. We validated our model using two‐wave survey data from 300 small‐ and medium‐sized manufacturing enterprises (SMEs) and their key suppliers in Ghana. The data supported our hypotheses by showing that supplier sustainability orientation exerts a stronger direct effect on CCTP than CEO sustainability orientation and that the effects of CEO and supplier sustainability orientation on CCTP are amplified under high levels of green value co‐creation. Additionally, we uncovered that green value co‐creation and green knowledge‐processing capability jointly moderate these relationships, with maximum circular economy benefits occurring when both contingencies are high, particularly for supplier sustainability orientation. These findings advance the knowledge‐based view by demonstrating how collaborative knowledge mechanisms and internal knowledge‐processing capabilities work synergistically to enable strategic orientation leverage. Our study offers fresh insights for managers in resource‐constrained environments, such as the Sub‐Saharan African context, and contributes to business strategy literature by revealing how firms can achieve competitive advantage through strategic orchestration of external collaboration and internal capabilities.
{"title":"Green Value Co‐Creation and Circular Economy Performance: When Does Sustainability Orientation Pay Off in SMEs?","authors":"Francis Kamewor Tetteh, Kwame Owusu Kwateng","doi":"10.1002/bse.70670","DOIUrl":"https://doi.org/10.1002/bse.70670","url":null,"abstract":"Although existing scholarship recognizes environmental sustainability orientation as an important driver of circular economy outcomes, limited research has examined the contingent mechanisms through which this orientation translates into circular economy target performance (CCTP), particularly in resource‐constrained contexts. We adopted a knowledge‐based perspective to investigate how green value co‐creation moderates the relationship between environmental sustainability orientation and CCTP under varying conditions of green knowledge‐processing capability. Our study advances theory by conceptualizing environmental sustainability orientation as a multidimensional construct comprising chief executive officer (CEO) and supplier sustainability orientations, and by identifying the boundary conditions that determine when each dimension translates into circular economy outcomes. We validated our model using two‐wave survey data from 300 small‐ and medium‐sized manufacturing enterprises (SMEs) and their key suppliers in Ghana. The data supported our hypotheses by showing that supplier sustainability orientation exerts a stronger direct effect on CCTP than CEO sustainability orientation and that the effects of CEO and supplier sustainability orientation on CCTP are amplified under high levels of green value co‐creation. Additionally, we uncovered that green value co‐creation and green knowledge‐processing capability jointly moderate these relationships, with maximum circular economy benefits occurring when both contingencies are high, particularly for supplier sustainability orientation. These findings advance the knowledge‐based view by demonstrating how collaborative knowledge mechanisms and internal knowledge‐processing capabilities work synergistically to enable strategic orientation leverage. Our study offers fresh insights for managers in resource‐constrained environments, such as the Sub‐Saharan African context, and contributes to business strategy literature by revealing how firms can achieve competitive advantage through strategic orchestration of external collaboration and internal capabilities.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"236 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2026-03-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147374283","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Previous studies have primarily focused on the outcomes of green market orientation (GMO). Therefore, the current work aims to explore the driving forces of GMO. To this end, the serial mediation role of green intellectual capital (GIC) and green adaptive ability (GAA) in the relationship between top management's green transformational leadership and the enterprise's GMO was investigated. Data were collected using a survey method from 302 small and medium‐sized enterprises (SMEs) operating in the manufacturing sector of Türkiye and analyzed using the SmartPLS 4 analysis program. The findings demonstrate that GTL, GIC, and GAA are important antecedents of GMO. Additionally, the results confirm the serial mediation roles of GIC and GAA in the relationship between GTL and GMO. In the absence of integrative research, this work makes new contributions to theory and practice by providing a rich explanation and assessment of how GTL impacts GMO through GIC and GAA.
{"title":"A Serial Mediation Model of the Relationship Between Green Transformational Leadership and Green Market Orientation: The Role of Green Intellectual Capital and Green Adaptive Ability","authors":"Burcu Özgül","doi":"10.1002/bse.70698","DOIUrl":"https://doi.org/10.1002/bse.70698","url":null,"abstract":"Previous studies have primarily focused on the outcomes of green market orientation (GMO). Therefore, the current work aims to explore the driving forces of GMO. To this end, the serial mediation role of green intellectual capital (GIC) and green adaptive ability (GAA) in the relationship between top management's green transformational leadership and the enterprise's GMO was investigated. Data were collected using a survey method from 302 small and medium‐sized enterprises (SMEs) operating in the manufacturing sector of Türkiye and analyzed using the SmartPLS 4 analysis program. The findings demonstrate that GTL, GIC, and GAA are important antecedents of GMO. Additionally, the results confirm the serial mediation roles of GIC and GAA in the relationship between GTL and GMO. In the absence of integrative research, this work makes new contributions to theory and practice by providing a rich explanation and assessment of how GTL impacts GMO through GIC and GAA.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"236 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2026-03-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147374302","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study gives a pioneering framework to understand the complicated processes behind sustainable finance, and its necessity to realize economic recovery. It explores the detailed dependency relationship of key drivers of sustainable finance through Total Interpretative Structural Modeling (TISM) and Cross‐impact matrix multiplication (MICMAC) analysis, providing the hierarchical dependencies among the key drivers and patterns of their influences. The paper subgroups and pinpoints eight major drivers, including regulatory pressures, technological innovation, risk management, and resource cost efficiency, and shows how they are essential to inform the sustainable finance landscape. This critical analysis explains how sustainable finance is a chalice in providing long‐term value creation, innovation, and environmental protection, hence accelerating the shift towards a sustainable economy. Results of the findings have important implications for policy‐makers, practitioners, and stakeholders to enhance the integration of environmental, social, and governance (ESG) factors in financial decision‐making and planning. This study offers valuable contributions to the literature and practice in order to bring economic development and sustainability needs into harmony, thereby supporting the global Sustainable Development Goals (SDGs) by creating an opening in the door to additional information on the sustainable finance system.
{"title":"Accelerating Economic Resurgence: A TISM Framework Analysis for Sustainable Finance","authors":"Sonali Srivastava, Manisha Singh, Ahmed A. Elamer","doi":"10.1002/bse.70663","DOIUrl":"https://doi.org/10.1002/bse.70663","url":null,"abstract":"This study gives a pioneering framework to understand the complicated processes behind sustainable finance, and its necessity to realize economic recovery. It explores the detailed dependency relationship of key drivers of sustainable finance through Total Interpretative Structural Modeling (TISM) and Cross‐impact matrix multiplication (MICMAC) analysis, providing the hierarchical dependencies among the key drivers and patterns of their influences. The paper subgroups and pinpoints eight major drivers, including regulatory pressures, technological innovation, risk management, and resource cost efficiency, and shows how they are essential to inform the sustainable finance landscape. This critical analysis explains how sustainable finance is a chalice in providing long‐term value creation, innovation, and environmental protection, hence accelerating the shift towards a sustainable economy. Results of the findings have important implications for policy‐makers, practitioners, and stakeholders to enhance the integration of environmental, social, and governance (ESG) factors in financial decision‐making and planning. This study offers valuable contributions to the literature and practice in order to bring economic development and sustainability needs into harmony, thereby supporting the global Sustainable Development Goals (SDGs) by creating an opening in the door to additional information on the sustainable finance system.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"55 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2026-03-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147358891","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Sustainability transitions in freight transport increasingly depend on coordinated changes across entire logistics networks, not just within individual firms. This study investigates how business‐model change unfolds across a multimodal European logistics chain engaged in reducing transport‐related emissions. Drawing on 10 semistructured interviews and five multistakeholder workshops, the analysis identifies seven chain‐level business‐model patterns that structure how value is proposed, created and captured during the green transition. These patterns encompass beyond‐compliance decarbonisation commitments, the integration of digital and physical services, fleet‐level carbon‐attribute allocation, collaborative value sharing practices, risk‐sharing arrangements, green‐tier service differentiation and cost‐balancing mechanisms. Together, they demonstrate that environmental performance improvements emerge not from isolated organisational initiatives but from coordinated, networked business‐model configurations grounded in verified emissions data and chain‐level alignment. The results highlight the strategic importance of ecosystem collaboration, demonstrating how firms can coshape the transition to climate‐neutral logistics through network‐level business‐model innovation.
{"title":"Chain‐Level Business Model Patterns for the Green Logistics Transition","authors":"Marikka Heikkilä","doi":"10.1002/bse.70703","DOIUrl":"https://doi.org/10.1002/bse.70703","url":null,"abstract":"Sustainability transitions in freight transport increasingly depend on coordinated changes across entire logistics networks, not just within individual firms. This study investigates how business‐model change unfolds across a multimodal European logistics chain engaged in reducing transport‐related emissions. Drawing on 10 semistructured interviews and five multistakeholder workshops, the analysis identifies seven chain‐level business‐model patterns that structure how value is proposed, created and captured during the green transition. These patterns encompass beyond‐compliance decarbonisation commitments, the integration of digital and physical services, fleet‐level carbon‐attribute allocation, collaborative value sharing practices, risk‐sharing arrangements, green‐tier service differentiation and cost‐balancing mechanisms. Together, they demonstrate that environmental performance improvements emerge not from isolated organisational initiatives but from coordinated, networked business‐model configurations grounded in verified emissions data and chain‐level alignment. The results highlight the strategic importance of ecosystem collaboration, demonstrating how firms can coshape the transition to climate‐neutral logistics through network‐level business‐model innovation.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"67 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2026-02-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146778290","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This paper addresses the research gap on how marketing leverages digital technologies to enable circular economy transitions in tourism. Guided by Stakeholder Theory, it examines how artificial intelligence, blockchain, and digital platforms reshape sustainable value creation, accountability, and collaborative governance within Spain's tourism sector. A qualitative case study combining content analysis and 25 semistructured interviews with executives and international tourists reveals that blockchain verification mitigates greenwashing, AI personalizes sustainability‐aligned travel, and platforms like España Accesible (Accessible Spain) enhance inclusivity. The study extends Stakeholder Theory into digitally mediated contexts and conceptualizes circular marketing as a mechanism linking technology, ethics, and stakeholder co‐creation. Managerially, it offers actionable insights for implementing eco‐calculators, digital product passports, and AI‐driven behavioral nudges. Although limited to Spain, the findings provide transferable lessons for other destinations seeking to align tourism competitiveness with systemic sustainability.
{"title":"From Greenwashing to Circularity: The Strategic Role of Marketing and Digital Technologies in Sustainable Tourism","authors":"Verónica Baena, Julio Cerviño","doi":"10.1002/bse.70677","DOIUrl":"https://doi.org/10.1002/bse.70677","url":null,"abstract":"This paper addresses the research gap on how marketing leverages digital technologies to enable circular economy transitions in tourism. Guided by Stakeholder Theory, it examines how artificial intelligence, blockchain, and digital platforms reshape sustainable value creation, accountability, and collaborative governance within Spain's tourism sector. A qualitative case study combining content analysis and 25 semistructured interviews with executives and international tourists reveals that blockchain verification mitigates greenwashing, AI personalizes sustainability‐aligned travel, and platforms like España Accesible (Accessible Spain) enhance inclusivity. The study extends Stakeholder Theory into digitally mediated contexts and conceptualizes circular marketing as a mechanism linking technology, ethics, and stakeholder co‐creation. Managerially, it offers actionable insights for implementing eco‐calculators, digital product passports, and AI‐driven behavioral nudges. Although limited to Spain, the findings provide transferable lessons for other destinations seeking to align tourism competitiveness with systemic sustainability.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"332 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2026-02-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146260889","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The environmental, social, and governance (ESG) practice is now mainstream in business strategy across various business domains, including the oil and gas (O&G) sector. The O&G sector faces increasing pressure to align with global sustainability goals, making a comprehensive ESG assessment a strategic priority. However, developing a comprehensive ESG performance assessment model for the O&G sector, considering both qualitative and quantitative data under larger‐scale uncertainty, remains unexplored in the literature. Therefore, this study, for the first time, introduces an innovative integrated framework that extends and combines the trigonometric trapezoidal fuzzy (TTrF)‐ordinal priority approach (OPA) with the TTrF‐mulTi‐noRmalization mUlti‐distance aSsessmenT (TRUST) method. A Python‐based graphical user interface (GUI) has also been designed for practical implications of the proposed TTrF‐OPA‐TRUST model. The model can effectively handle both qualitative and quantitative data, including larger‐scale uncertainty, while evaluating the ESG performance of global O&G companies. The TTrF‐OPA model quantifies the importance of the ESG criteria system based on expert ordinal inputs, while the TTrF‐TRUST model benchmarks the absolute ESG sustainability performance of O&G companies. The integrated model is validated against five O&G firms by conducting comprehensive sensitivity, comparative, and correlation analysis. Results revealed that, according to the TTrF‐OPA model, the most critical ESG criterion is “Total GHG per sales.” The study also demonstrated that the O&G company “Equinor ASA” outperformed other global O&G companies. These findings could be helpful for other companies to understand their level of ESG performance and improve sustainability practices. Additionally, a Python‐based GUI for the proposed TTrF‐OPA‐TRUST model could be used in real‐life complex decision‐making to avoid computational complexity.
{"title":"A Novel Environmental, Social, and Governance Performance Assessment Model for the Global Oil and Gas Sector","authors":"Md. Abdul Moktadir, Shengfang Lu, Jingzheng Ren","doi":"10.1002/bse.70614","DOIUrl":"https://doi.org/10.1002/bse.70614","url":null,"abstract":"The environmental, social, and governance (ESG) practice is now mainstream in business strategy across various business domains, including the oil and gas (O&G) sector. The O&G sector faces increasing pressure to align with global sustainability goals, making a comprehensive ESG assessment a strategic priority. However, developing a comprehensive ESG performance assessment model for the O&G sector, considering both qualitative and quantitative data under larger‐scale uncertainty, remains unexplored in the literature. Therefore, this study, for the first time, introduces an innovative integrated framework that extends and combines the trigonometric trapezoidal fuzzy (TTrF)‐ordinal priority approach (OPA) with the TTrF‐mulTi‐noRmalization mUlti‐distance aSsessmenT (TRUST) method. A Python‐based graphical user interface (GUI) has also been designed for practical implications of the proposed TTrF‐OPA‐TRUST model. The model can effectively handle both qualitative and quantitative data, including larger‐scale uncertainty, while evaluating the ESG performance of global O&G companies. The TTrF‐OPA model quantifies the importance of the ESG criteria system based on expert ordinal inputs, while the TTrF‐TRUST model benchmarks the absolute ESG sustainability performance of O&G companies. The integrated model is validated against five O&G firms by conducting comprehensive sensitivity, comparative, and correlation analysis. Results revealed that, according to the TTrF‐OPA model, the most critical ESG criterion is “Total GHG per sales.” The study also demonstrated that the O&G company “Equinor ASA” outperformed other global O&G companies. These findings could be helpful for other companies to understand their level of ESG performance and improve sustainability practices. Additionally, a Python‐based GUI for the proposed TTrF‐OPA‐TRUST model could be used in real‐life complex decision‐making to avoid computational complexity.","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"10 1","pages":""},"PeriodicalIF":13.4,"publicationDate":"2026-02-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146260890","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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