["British Journal of Management, Volume 37, Issue 2, April 2026. ", "\nAbstract\nCircular economy innovations can support firms’ transition towards the ‘net‐zero target’, one of the key objectives that firms ought to pursue to face climate change. Dynamic capabilities are deemed pivotal to enhance circular economy innovations; however, little is known about which ones – and how – can contribute to reaching such objectives. Through an in‐depth and longitudinal case study of an innovative circular firm in the agricultural industry, and the adoption of a multi‐level approach, we unpack a set of novel dynamic capabilities activated at different organizational levels: market anticipation, close collaboration with research centres, talent acquisition, development of creative thinking, internal collaboration and exchange of ideas, and decision‐making and leadership skills. These capabilities make the organization flexible, forward‐looking, and able to sense and seize opportunities to reach sustainable goals continuously. We contribute to management studies on dynamic capabilities and circular economy innovations by introducing a multi‐level framework showing how dynamic capabilities at each organizational level and their interactions drive circular innovations. We finally present our study's limitations and advance recommendations for future research.\n"]