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

Author

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  • 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
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    References listed on IDEAS

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    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. Martin Wynn & Peter Jones, 2022. "Digital Technology Deployment and the Circular Economy," Sustainability, MDPI, vol. 14(15), pages 1-15, July.
    3. 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.
    4. 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.
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