Biofilter: A Hungarian champion for the circular economy and stakeholder capitalism

Producció científica: Capítol de llibreCapítol

Resum

Biofilter has effectively harnessed sustainability and circular economy principles as key drivers of innovation and business transformation. Unlike mainstream businesses in the 90s and early 2000s who adopted sustainability practices as primarily risk mitigation or public relation strategies, Biofilter has, from the onset, embedded sustainability in the core of its operations and has stood for social and environmental responsibility throughout its 30-year history. With their inherent focus on long-term success and responsible ownership, family businesses understand that they need to deliver value for all stakeholders - workers, the community, the environment and future generations. This requires patient capital and a purpose-driven credo that enables one to endure turbulent periods. Biofilter weathered storms not of their own making, including the Dioxin scandal and the Greek-debt crisis, yet have emerged as pioneers of the circular economy with innovations in the biodiesel and biogas industry. The company is also one of the first B Corps in the region and continues to champion a stakeholder model of capitalism.
Idioma originalAnglès
Títol de la publicacióPioneering family firms' sustainable development strategies
Pàgines99-123
Estat de la publicacióPublicada - 1 de març 2021

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