Integrating Circular Economy Principles Into Corporate Governance: A Pathway To Enhanced Corporate Social Responsibility”

Abstract

In the face of escalating social and environmental challenges, the integration of circular economy principles into corporate governance emerges as a vital strategy for enhancing CSR (Corporate Social Responsibility) and achieving sustainable development.

In this way, the present study investigates the theoretical foundation of the circular economy benefiting CSR, explores the existing practices of corporate governance in terms of environmental safety, and offers specific recommendations regarding the integration of circular governance methods in current structures.

Employing a mixed methodology approach that combines a literature review, this article provides an in-depth examination of the definitions, principles, and theoretical underpinnings of the Circular economy. The study uncovers the multifaceted benefits and challenges associated with operationalizing circular economy practices within corporate governance frameworks.

Findings indicate that integrating circular economy principles into corporate governance not only strengthens CSR outcomes but also fosters innovation, stakeholder engagement, and long-term business resilience. This article contributes to the practical and academic discourse on sustainable development by providing a nuanced understanding of the intersection between circular economy, corporate governance, and CSR, and offering recommendations for businesses seeking to navigate the transition towards more sustainable and responsible practices. The research underscores the significance of holistic governance approaches in realizing the full potential of circular economy practices for enhancing CSR  and driving sustainable business success.