Analysis on the Multi-system Collaborative Model of the Enterprise Circular Economy - A Case Study of Hangzhou Iron & Steel Group in China

The pattern of circular economy has been praised by the government, academics and business. But the previous research on the Chinese circular economy only focused on the discuss of the economic paradigm or the role of the technological innovation which is just one dimension of the circular economy strategy. Based on system theory, the authors propose the multi-system cooperative model of the enterprise circular economy by portraying the five systems of the circular economy development strategy (which includes the institutional support system, pollution control system, technological innovation system, waste use system, environmental governance system) of Hangzhou Iron and Steel Group Company and describing the relationship between the five systems. Comparing to the single-dimension model, the multi-system cooperative model is more helpful to the improvement of the environmental performance. Besides, this model not only meet the requirements of the Government's environmental regulatory policy but also improve the firmpsilas economic performance.