IDEAS home Printed from https://ideas.repec.org/a/agr/journl/vxxxiy2024i2(639)p183-196.html
   My bibliography  Save this article

Integration of ESG principles: An initiative for transformation from Linear Economy to Circular Economy

Author

Listed:
  • Shaheera Banu Z

    (Avinashilingam Institute for Home Science and Higher Education for Women, India)

  • V. VIMALA

    (Avinashilingam Institute for Home Science and Higher Education for Women, India)

Abstract

This research article explores the role of Environmental, Social, and Governance criteria as a strategic initiative for reinforcing the Circular Economy paradigm. Through a comprehensive review of literature and empirical data, this article demonstrates how ESG integration can incentivize businesses to adopt Circular Economy practices. It uncovers the mechanisms of ESG – driven investments on circular innovation and technology development. This intends to illuminate the compelling connection between ESG principles and the Circular Economy, offering insights for policymakers, business leaders, and investors seeking to drive the evolving landscape of sustainable practices. It advocates for the integration of ESG considerations as a composite for reinforcing the Circular Economy, ultimately contributing to a more resilient, equitable, and environmentally responsible global economy.

Suggested Citation

  • Shaheera Banu Z & V. VIMALA, 2024. "Integration of ESG principles: An initiative for transformation from Linear Economy to Circular Economy," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(2(639), S), pages 183-196, Summer.
    • Handle: RePEc:agr:journl:v:xxxi:y:2024:i:2(639):p:183-196
    as

    Download full text from publisher

    File URL: http://store.ectap.ro/articole/1750.pdf
    Download Restriction: no
    File URL: http://www.ectap.ro/articol.php?id=1750&rid=155
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Robinson, John, 2004. "Squaring the circle? Some thoughts on the idea of sustainable development," Ecological Economics, Elsevier, vol. 48(4), pages 369-384, April.
    2. Florian Hofmann & Melanie Jaeger‐Erben, 2020. "Organizational transition management of circular business model innovations," Business Strategy and the Environment, Wiley Blackwell, vol. 29(6), pages 2770-2788, September.
    3. Mahmoud Mohieldin & Sameh Wahba & Maria Alejandra Gonzalez-Perez & Miral Shehata, 2023. "How Businesses Can Accelerate and Scale-Up SDG Implementation by Incorporating ESG into Their Strategies," Springer Books, in: Business, Government and the SDGs, chapter 3, pages 65-104, Springer.
    4. Martin Wynn & Peter Jones, 2022. "Digital Technology Deployment and the Circular Economy," Sustainability, MDPI, vol. 14(15), pages 1-15, July.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Tina Wiegand & Martin Wynn, 2023. "Sustainability, the Circular Economy and Digitalisation in the German Textile and Clothing Industry," Sustainability, MDPI, vol. 15(11), pages 1-30, June.
    2. Endl, Andreas & Tost, Michael & Hitch, Michael & Moser, Peter & Feiel, Susanne, 2021. "Europe's mining innovation trends and their contribution to the sustainable development goals: Blind spots and strong points," Resources Policy, Elsevier, vol. 74(C).
    3. Palaniappan, Gomathy & King, Christine A. & Cameron, Don, 2009. "CS - Complexity Of Transition To Alternative Farming Systems," 17th Congress, Illinois State University, USA, July 19-24, 2009 345531, International Farm Management Association.
    4. Millar, Neal & McLaughlin, Eoin & Börger, Tobias, 2019. "The Circular Economy: Swings and Roundabouts?," Ecological Economics, Elsevier, vol. 158(C), pages 11-19.
    5. Alcott, Blake, 2008. "The sufficiency strategy: Would rich-world frugality lower environmental impact," Ecological Economics, Elsevier, vol. 64(4), pages 770-786, February.
    6. Engy Mohsen El Hawary & Iman Mamdouh Arafa, 2018. "Studying the Effect of Stakeholders on the Disclosure of Corporate Social Responsibility by Banks: Evidence from Egypt," Accounting and Finance Research, Sciedu Press, vol. 7(4), pages 200-200, November.
    7. Hametner, Markus, 2022. "Economics without ecology: How the SDGs fail to align socioeconomic development with environmental sustainability," Ecological Economics, Elsevier, vol. 199(C).
    8. Bao-Li Miao & Ying Liu & Yu-Bing Fan & Xue-Jiao Niu & Xiu-Yun Jiang & Zeng Tang, 2023. "Optimization of Agricultural Resource Allocation among Crops: A Portfolio Model Analysis," Land, MDPI, vol. 12(10), pages 1-18, October.
    9. Sini Forssell & Leena Lankoski, 2015. "The sustainability promise of alternative food networks: an examination through “alternative” characteristics," Agriculture and Human Values, Springer;The Agriculture, Food, & Human Values Society (AFHVS), vol. 32(1), pages 63-75, March.
    10. Walter J.V. Vermeulen, 2015. "Self‐Governance for Sustainable Global Supply Chains: Can it Deliver the Impacts Needed?," Business Strategy and the Environment, Wiley Blackwell, vol. 24(2), pages 73-85, February.
    11. Graziela Darla Araujo Galvão & Steve Evans & Paulo Sergio Scoleze Ferrer & Marly Monteiro de Carvalho, 2022. "Circular business model: Breaking down barriers towards sustainable development," Business Strategy and the Environment, Wiley Blackwell, vol. 31(4), pages 1504-1524, May.
    12. repec:lib:000cis:v:1:y:2013:i:1:p:29-40 is not listed on IDEAS
    13. Ahmad, Farhan & Bask, Anu & Laari, Sini & Robinson, Craig V., 2023. "Business management perspectives on the circular economy: Present state and future directions," Technological Forecasting and Social Change, Elsevier, vol. 187(C).
    14. Schouten, Greetje & Leroy, Pieter & Glasbergen, Pieter, 2012. "On the deliberative capacity of private multi-stakeholder governance: The Roundtables on Responsible Soy and Sustainable Palm Oil," Ecological Economics, Elsevier, vol. 83(C), pages 42-50.
    15. Theodoros Iosifides & George Korres, 2005. "European Integration and the Future of Social Policy Making," ERSA conference papers ersa05p11, European Regional Science Association.
    16. Maria Federica Cordova & Andrea Celone, 2019. "SDGs and Innovation in the Business Context Literature Review," Sustainability, MDPI, vol. 11(24), pages 1-14, December.
    17. Simona-Roxana Ulman & Costica Mihai & Cristina Cautisanu, 2020. "Peculiarities of the Relation between Human and Environmental Wellbeing in Different Stages of National Development," Sustainability, MDPI, vol. 12(19), pages 1-26, October.
    18. Else Ragni Yttredal & Nathalie Homlong, 2020. "Perception of Sustainable Development in a Local World Heritage Perspective," Sustainability, MDPI, vol. 12(21), pages 1-19, October.
    19. MingCan JI & Xing Zhang, 2024. "Assessing the Impacts and Mechanisms of Green Bond Financing on the Enhancement of Green Management and Technological Innovation in Environmental Conservation Enterprises," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(3), pages 12709-12750, September.
    20. Vastola, Vincenzo & Russo, Angeloantonio & Vurro, Clodia, 2017. "Dealing with Cultural Differences in Environmental Management: Exploring the CEP-CFP Relationship," Ecological Economics, Elsevier, vol. 134(C), pages 267-275.
    21. Fang-Wu Tung, 2021. "Rediscovering Herb Lane: Application of Design Thinking to Enhance Visitor Experience in a Traditional Market," Sustainability, MDPI, vol. 13(7), pages 1-15, April.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:agr:journl:v:xxxi:y:2024:i:2(639):p:183-196. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Mircea Dinu (email available below). General contact details of provider: https://edirc.repec.org/data/agerrea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.