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Edited by
Johanna Kujala · Anna Heikkinen ·
Annika Blomberg

Stakeholder
Engagement in a
Sustainable Circular
Economy
Theoretical and
Practical Perspectives
Stakeholder Engagement in a Sustainable
Circular Economy
 Johanna Kujala · Anna Heikkinen ·
Annika Blomberg
Editors

Stakeholder
Engagement
in a Sustainable
Circular Economy
Theoretical and Practical Perspectives
Editors
Johanna Kujala Anna Heikkinen
Tampere University Tampere University
Tampere, Finland Tampere, Finland

Annika Blomberg
Tampere University
Tampere, Finland

ISBN 978-3-031-31936-5 ISBN 978-3-031-31937-2 (eBook)

https://doi.org/10.1007/978-3-031-31937-2

© The Editor(s) (if applicable) and The Author(s) 2023. This book is an open access publication.
Open Access This book is licensed under the terms of the Creative Commons Attribution 4.0
International License (http://creativecommons.org/licenses/by/4.0/), which permits use, sharing, adap-
tation, distribution and reproduction in any medium or format, as long as you give appropriate credit
to the original author(s) and the source, provide a link to the Creative Commons license and indicate
if changes were made.
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license, unless indicated otherwise in a credit line to the material. If material is not included in the
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exceeds the permitted use, you will need to obtain permission directly from the copyright holder.
The use of general descriptive names, registered names, trademarks, service marks, etc. in this
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from the relevant protective laws and regulations and therefore free for general use.
The publisher, the authors, and the editors are safe to assume that the advice and information in
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nor the authors or the editors give a warranty, expressed or implied, with respect to the material
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neutral with regard to jurisdictional claims in published maps and institutional affiliations.

This Palgrave Macmillan imprint is published by the registered company Springer Nature Switzerland
AG
The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland
 Foreword

The editors of this fine volume of essays rightfully suggest that the very
idea of “circular economy” assumes a robust view of stakeholder engage-
ment. Without cooperative agreements among stakeholders, how else
could such “a more environmentally friendly and socially inclusive soci-
ety” come about. If products and business models are to be “redesigned to
minimize waste and increase the reuse of materials, the transition toward
a sustainable circular economy requires collaboration and co-operation of
various stakeholders at different fields of the society.” The editors make
the case that this is not a mere casual and voluntary connection but a
deeper logical one.
If we are headed toward a transition to a more circular economy, the
onus will be on companies to adjust and transform their business models
so that they are aimed squarely at creating value for customers, suppliers,
employees, communities, and financiers. However, such a robust view
of stakeholder engagement is probably not enough. Executives have to
figure out how stakeholders are interdependent so that more win-win-
win strategies can be implemented that simultaneously create greener
value for multiple groups. Understanding the intersection of stakeholder

v
vi Foreword

relationships is not well understood in the literature, and this volume

takes us a step forward as the editors have a clear “relationship view” of
stakeholder theory. They suggest that we have to overcome the tendency
to look transaction by transaction and instead adopt a view that stake-
holders and companies are enmeshed in complex relationships. It is the
very complexity of these relationships that makes green value creation
possible.
The authors of the essays also rise to the occasion. From the careful
untangling of the complexity of stakeholder relationships to the multiple
case studies in several papers, the essays make a noted contribu-
tion to understanding how the circular economy can actually work.
Papers on stakeholder engagement and multi-stakeholder partnerships
all contribute to the growing literature on stakeholder theory. And, there
is much more work to be done, both academic and practical work.
Readers will be repaid many times over to tackle the difficult issues in the
essays in this volume. We can only push humanity forward via inventing
new vocabularies that let us live differently. This book is a substantial
contribution to understanding both stakeholder theory and the circular
economy.

R. Edward Freeman
University Professor
The Darden School
University of Virginia
Charlottesville, VA, USA
 Acknowledgments

We would like to thank all the chapter contributors. Without your

efforts, this book would not have been possible. We express our grat-
itude to the peer reviewers who dedicated their time and expertise
to reviewing the chapters. We are grateful to the publisher and the
reviewers of the initial proposal for supporting this endeavor. Lastly, we
are grateful for the financial support provided by the Strategic Research
Council, Academy of Finland for the Circular Economy Catalysts: From
Innovation to Business Ecosystems (CICAT2025) research consortium
(Decision numbers 320194 and 320206).

vii
 Contents

1 Outlining Stakeholder Engagement in a Sustainable

Circular Economy 1
Anna Heikkinen, Johanna Kujala, and Annika Blomberg

Part I Theoretical and Conceptual Starting Points

2 How Did It Come to Be? Circular Economy
as Collective Stakeholder Action 19
Laura Albareda and Jaan-Pauli Kimpimäki
3 Engaging Stakeholders in the Circular Economy:
A Systematic Literature Review 57
Silvan Oberholzer and Sybille Sachs
4 Developing Sustainable Partnerships for Circular
Economies: A Literature Review 99
Philippe Eiselein, Wim Keygnaert, and Karen Brabant

ix
x Contents

Part II Multi-Stakeholder Participation and

Collaboration
5 Multi-Stakeholder Networks in a Circular Economy
Transition: A Typology of Stakeholder Relationships 133
Annika Blomberg, Johanna Kujala, and Anna Heikkinen
6 Developing a Participatory Approach to Support
Decision-Making in Waste Management 165
Lauri Kujanpää and Hanna Pihkola
7 How to Engage Stakeholders in Circular Economy
Ecosystems: The Process 193
Jenni Kaipainen, Jarmo Uusikartano,
Leena Aarikka-Stenroos, Linnea Harala,
Johanna Alakerttula, and Eeva-Leena Pohls

Part III Value Creation Opportunities

8 Stakeholder Engagement Mechanisms and Value
Creation in Circular Entrepreneurship 235
Beatrice Re and Giovanna Magnani
9 Alignment Through Value Consolidation
Mechanisms—Focusing on Multi-Stakeholder
Collaboration for Circular Economy 273
Elina Vikstedt and Tomi Rajala
10 Coopetition for a Circular Economy: Horizontal
Initiatives in Resolving Collective Environmental
Challenges 311
Linnea Harala, Leena Aarikka-Stenroos, and Paavo Ritala

Part IV Novel Approaches to Stakeholder Engagement

11 Enablers of a Circular Economy: A Strength-Based
Stakeholder Engagement Approach 365
Hanna Lehtimäki, Johanna Kujala, and Tojo Thatchenkery
 Contents xi

12 In the Margins of Stakeholder Engagement: Fringe

Stakeholders’ Inclusion in Sustainability Transition
Initiatives 393
Mariana Galvão Lyra and Hanna Lehtimäki
13 Connecting the Circular Economy and Sustainability:
Finnish Stakeholder Perceptions 427
Hanna Salminen, Anna Heikkinen, and Johanna Kujala

Index 459
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