["Business Strategy and the Environment, EarlyView. ", "\nABSTRACT\nEven as world leaders emphasize the urgency of limiting global warming, a slow transition to a circular economy persists. While climate mitigation efforts focus on renewable energy and efficiency measures, addressing the 45% of emissions from product manufacturing remains critical. While previous research has focused on collaborative approaches like open innovation, other forms like open‐source hardware and open data remain understudied. There is a limited understanding of how open concepts and their collaboration mechanisms influence sustainable practices in global value chains. To address this gap, we conduct a structured literature review following the PRISMA guidelines and using the Gioia methodology. Additionally, we analyze 27 cases and derive key enabling properties of open concepts for climate change mitigation, drawing inspiration from the foundational theories of relational view, resource‐based view, and knowledge‐based view. This study serves as a starting point for future studies on the potentials of open collaboration mechanisms in shaping sustainable practices.\n"]