The circular economy and sustainable development: implications for organisations and society

Budhwar, P, Kutaula, S, Gillani, A, Jabbour, CJC, Dey, PK and Renwick, DWS ORCID: https://orcid.org/0000-0001-6819-5746, 2024. The circular economy and sustainable development: implications for organisations and society. Business and Society. ISSN 0007-6503 (Forthcoming)

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Abstract

The circular economy (CE) represents a paradigm shift from traditional linear "take-make-waste" business models (Parte and Alberca, 2023). It aims to prevent resource depletion, minimise or eliminate waste, and create a closed-loop system for products, parts, and materials, all while balancing environmental protection and socio-economic benefits (Morseletto, 2020). CE has gained traction as a promising solution to excessive resource depletion and has received support from policymakers and business leaders globally (Stahel, 2016; Murray et al., 2017; Confente et al., 2020; Kutaula et al., 2022). The CE paradigm is aligned with the United Nations’ Sustainable Development Goals (SDGs), which promote increased use of renewable energy, more efficient use of resources, reduced pollution, the deployment of innovative technologies, and thus more sustainable patterns of consumption and production (SDG 7, 8, 11, 12 and 13). The UN Conference of the Parties (COP 28) held in Dubai aimed to accelerate progress in reducing carbon emissions. The conference sought to build on the 2015 Paris Agreement from COP 21 and the outcomes of COP 26 in the UK (UN Partnership for Action on Green Economy, 2024). Additionally, the European Parliament's "New CE Action Plan" and legislative frameworks in major economies like China and India have generated unprecedented momentum for companies to adopt CE as both a business philosophy and a strategic framework for their operations.

Item Type:	Journal article
Publication Title:	Business and Society
Creators:	Budhwar, P., Kutaula, S., Gillani, A., Jabbour, C.J.C., Dey, P.K. and Renwick, D.W.S.
Publisher:	SAGE Publications
Date:	4 November 2024
ISSN:	0007-6503
Identifiers:	Number Type 2276870 Other
Divisions:	Schools > Nottingham Business School
Record created by:	Jeremy Silvester
Date Added:	06 Nov 2024 11:18
Last Modified:	06 Nov 2024 11:18
URI:	https://irep.ntu.ac.uk/id/eprint/52514

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