Circular Economy and Sustainability Integration in Emerging Markets: A Machine Learning-Based Content Analysis of Borsa Istanbul Companies

Öz

Emerging global environmental challenges make the shift toward circular economy (CE) strategies imperative; nevertheless, there has been limited evidence about the relationships between multidimensional sustainability and CE in emerging markets. In the current research, the disclosure mechanisms of CE and sustainability in Turkish manufacturing sectors in the Borsa Istanbul Sustainability Index are explored. By employing a two-stage methodology, we first carry out bibliometrics based on 4,839 published papers to introduce analytical frameworks. Subsequently, through TF-IDF weighting and K-means analysis of corporate sustainability reports in four manufacturing sectors from 2021 to 2023 in Türkiye, we carry out network analysis as part of our methodology. The findings reveal asymmetric three-pillar integration patterns and distinct sectoral differences, where sectors consuming greater resources target waste management and energy utilization, contrariwise to sectors interacting with consumers who target product reuse and lifecycle extension. Additionally, networks mapping sustainability-CE relationships denote close linkages between both environmental and emerging relationships in both economic and governance aspects. The current research significantly contributes to theory by explaining the sustainability-CE interrelationship in emerging markets, validating forthcoming methodologies quantitatively in the analysis process, and providing practical insights for adopting circular transitions in these markets.

Anahtar Kelimeler

• Circular economy
• Machine learning
• Manufacturing sector
• Sustainability

Gelişmekte Olan Pazarlarda Döngüsel Ekonomi ve Sürdürülebilirlik Entegrasyonu: Borsa İstanbul Şirketlerinin Makine Öğrenmesi Temelli İçerik Analizi

Öz

Küresel çevresel zorlukların artması, döngüsel ekonomi (DE) stratejilerine geçişi zorunlu kılmaktadır; ancak gelişmekte olan pazarlarda çok boyutlu sürdürülebilirlik ile DE arasındaki ilişkiler hakkında sınırlı kanıt bulunmaktadır. Bu araştırmada, Borsa İstanbul Sürdürülebilirlik Endeksi'ndeki Türk imalat sektörlerinde DE ve sürdürülebilirlik açıklama mekanizmaları incelenmektedir. İki aşamalı bir metodoloji kullanılarak, önce analitik çerçeveleri tanıtmak için 3.762 yayınlanmış makaleye dayanan bibliyometrik analiz gerçekleştirilmiştir. Ardından, 2021-2023 yılları arasında Türkiye'deki dört imalat sektöründeki kurumsal sürdürülebilirlik raporlarının TF-IDF ağırlıklandırma ve K-ortalamalar analiziyle ağ analizi yapılmıştır. Bulgular, asimetrik üç sütun entegrasyon kalıplarını ve belirgin sektörel farklılıkları ortaya koymaktadır; daha fazla kaynak tüketen sektörler atık yönetimi ve enerji kullanımını hedeflerken, tüketicilerle etkileşim halindeki sektörler ürün yeniden kullanımı ve yaşam döngüsü uzatmayı hedeflemektedir. Ayrıca, sürdürülebilirlik-DE ilişkilerini haritalayan ağlar, hem çevresel hem de ekonomik ve yönetişim boyutlarında ortaya çıkan ilişkiler arasındaki yakın bağlantıları göstermektedir. Bu araştırma, gelişmekte olan pazarlarda sürdürülebilirlik-DE ilişkisini açıklayarak, analiz sürecinde gelecekteki metodolojileri nicel olarak doğrulayarak ve bu pazarlarda döngüsel geçişlerin benimsenmesi için pratik içgörüler sağlayarak teoriye önemli katkılar sunmaktadır.

Anahtar Kelimeler

• Döngüsel ekonomi
• İmalat sektörü
• Makine öğrenmesi
• Sürdürülebilirlik

Kaynakça

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