Transitioning Toward a Circular Economy: The Impact of Stakeholder Engagement on Sustainability Culture

The circular economy transition increasingly points to the need for a change in corporate
culture, namely toward sustainability. This change can be supported by improving relations with
relevant stakeholders, engaging comprehensively with them, and creating strong awareness about
issues such as ecosystem protection, health-related safeguards, and the careful use of resources. In this
regard, through stakeholder engagement and a review of traditional business models, the circular
economy can contribute to transforming the corporate culture to ensure the concurrent enhancement
of economic, social, and environmental dimensions. This study verified the role of stakeholder
engagement in establishing and strengthening the sustainability culture in a company transitioning
toward a circular economy. The case study research methodology was applied, referencing a
single firm—operating in the oil and energy industry—representing one of the best practices in
the international context, even if some eorts are still required to reduce downstream emissions.
The findings underline the contributing role played by stakeholder engagement in establishing values
and principles compliant with environmental protection and community wellbeing. Thus, this study
contributes to the existing stakeholder engagement literature and sheds light on the practical
implications and emerging issues.