Integrating Circular Economy Principles in Business Strategies: a Policy-Driven Approach

Abstract Integrating circular economy principles into business strategies is facilitated by supportive policies. Drawing from various insights and contexts, this analysis discusses the role of regulatory frameworks, such as the EU’s Circular Economy Action Plan and Extended Producer Responsibility, in guiding sustainable practices. Green taxation, including carbon and landfill taxes, incentivizes circular business models by internalizing environmental costs and offering tax breaks. Effective implementation relies on consistent enforcement and global policy alignment, enabling businesses to enhance sustainability and drive innovation for long-term benefits.