Eco-innovations and Their Role in Contemporary Business

Eco-innovations become a more and more significant aspect inmanagement theory and business practice. The concept is considered tobe a solution linking the ideas of corporate social responsibility (CSR) andinnovation. The aim of the study is to discuss the eco-innovations conceptand their role in contemporary business. In order to meet the aim of thepaper, the following operational objectives were indicated: (1) to presentand discuss definitions of the eco-innovations concept; (2) to exemplifydifferent types, antecedents and dimensions of eco-innovations; (3) toidentify benefits of eco-innovations; (4) to consider eco-innovations asa source of potential competitive advantage. This study is based on themethodology of systematic literature review. The article exemplifiesthe definitions of eco-innovations, their types, antecedents and differentdimensions. Later, it is discussed the role of eco-innovations in buildingthe competitive advantage. The study confirms that eco-innovationscan generate benefits for businesses and their environment. Thus, therole of eco-innovations in contemporary business can be considered assignificant.