Centre for Innovation and Sustainability Research

Researching business, innovation and sustainability for a changing economy.

Advancing rigorous empirical scholarship on competitive strategy, regenerative circular business models, and corporate decarbonisation pathways across global value chains.

Indexed By:SCOPUSSSRNCROSSREFDOAJ
Academic researchers examining sustainable industrial bio-materials under clean ambient daylight in a research facility.
Laboratory Fieldwork

Applied Polymer & Industrial Bio-Economics Lab

0+Research ProjectsActive & completed empirical initiatives
0+PublicationsPeer-reviewed articles, working papers & briefs
0Core FellowsProfessors, readers & research associates
0Thematic AreasInterdisciplinary business research clusters
Institutional Charter

Bridging academic scholarship with enterprise reality.

The Centre for Innovation and Sustainability Research (CISR) was chartered to examine the systemic transformation required of modern businesses as they navigate planetary boundaries, energy transitions, and digital restructuring. We bring methodological discipline, quantitative modelling, and rigorous field observation to complex organisational questions.

Operating in partnership with global academic networks, regulatory bodies, and industry innovators, CISR translates deep theoretical inquiry into empirical policy frameworks, open-access research repositories, and decision-support instruments for executives leading long-term sustainable shifts.

Thematic Architecture

Core Research Areas

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Area 1

Sustainability & Responsible Business

Investigating corporate decarbonisation, circular business models, and environmental governance.

Area 2

Business Strategy & Competitiveness

Strategic repositioning, dynamic capabilities, and sustainable competitive advantage.

Area 3

Entrepreneurship & Innovation

Commercialisation models, clean-tech venture scaling, and open innovation systems.

Area 4

Finance & Financial Markets

Sustainable finance instruments, cost of capital, and ESG pricing mechanisms.

Area 5

SMEs & Enterprise Development

Resource constraints, transition financing, and capability building in small-to-medium firms.

Area 6

Digital Transformation & Governance

Data architectures, digital product passports, and enterprise tech adoption.

Empirical Initiatives

Featured Research Projects

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Scholarly Repository

Latest Publications

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Open Access • CC BY 4.0Sustainability & Responsible BusinessWORKING PAPER

Circular Business Models in Manufacturing SMEs: Empirical Evidence from Northern Europe

Prof. Eleanor Vance, Dr. Marcus ThornePublished 2026CISR Working Paper Series

While circular economic paradigms have been broadly studied within multinational corporations, small- and medium-sized enterprises (SMEs) face distinct resource asymmetries, structural rigidities, and capital constraints when operationalizing circularity. This study investigates the institutional conditions, organizational capabilities, and technology integration mechanisms required for manufacturing SMEs to transition successfully toward closed-loop industrial ecosystems. Employing an empirical mixed-methods design, we examine survey data from 142 enterprise owners and executive directors across Sweden, Denmark, and Finland, triangulated with 18 in-depth qualitative field audits of advanced manufacturing facilities conducted between 2023 and 2025. Our findings reveal that while 68% of surveyed firms maintain strategic intent toward product remanufacturing and material recovery, fewer than 22% have embedded circular performance metrics into their capital expenditure authorizations or supplier appraisal frameworks. We identify cross-tier reverse supply chain transparency, digital product passport infrastructure, and collaborative multi-stakeholder municipal hubs as paramount determinants for commercial viability. Conversely, regulatory friction in waste taxonomy classification persists as the primary institutional impediment across Nordic jurisdictions. We conclude by presenting an actionable 4-phase circular transition archetype for enterprise management alongside 3 policy directives for European industrial decarbonization frameworks.

DOI: 10.1016/j.jclepro.2026.01.024
Open Access • CC BY 4.0Sustainability & Responsible BusinessPOLICY BRIEF

Boardroom Dynamics in the Energy Transition: Fiduciary Duties and Net-Zero Capital Expenditure

Prof. Eleanor Vance, Dr. Marcus ThornePublished 2026CISR Policy Briefs

Corporate directors face heightened exposure to transition risks under emerging corporate governance directives. This policy brief analyzes legal standards across European jurisdictions, examining how corporate boards balance short-term shareholder return expectations with long-cycle capital expenditure required for multi-decade net-zero compliance.

DOI: 10.1787/cisr-pb-2026-02
Open Access • CC BY-NC 4.0Finance & Financial MarketsJOURNAL ARTICLE

Pricing Sustainable Debt: Credit Spreads and Green Bond Premiums in European Secondary Markets

Prof. Eleanor Vance, Dr. Marcus ThornePublished 2025Journal of Sustainable Finance & Banking

We examine secondary market transactions of 3,400 corporate debt securities issued across European exchanges between 2020 and 2025. Applying propensity score matching and firm-level fixed effects, we isolate a statistically significant green premium of 4.2 basis points for investment-grade issuers with verified third-party taxonomy alignment. However, this premium dissipates entirely among issuers exhibiting substantial ESG rating divergence across major rating providers, suggesting investor skepticism toward ambiguous sustainability disclosures.

DOI: 10.1093/jsf/2025.042
lock_openPublic Knowledge Commons

Dedicated Open Research Repository

We believe empirical scholarship on sustainability and enterprise resilience should be accessible without paywalls. Discover our open-access working papers, policy briefs, and peer-vetted preprints complete with DOI links and online reading tools.

Academic Faculty

Core Research Fellows

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V

Prof. Eleanor Vance

Director & Chair in Sustainable Enterprise

Chair in Sustainable Enterprise and founding Director of CISR, specialising in circular manufacturing strategy.

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T

Dr. Marcus Thorne

Senior Research Fellow in SME Industrial Systems

Senior Fellow focused on closed-loop supply chains, material recovery logistics, and SME capability development.

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L

Dr. Henrik Lindqvist

Reader in Sustainable Finance & Capital Allocation

Reader specialising in debt capital markets, green bonds, and transition risk econometric modeling.

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R

Dr. Elena Rostova

Research Fellow in Digital Supply Chain Governance

Fellow in digital traceability, product passports, and enterprise transparency architectures.

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