UNDERPINNING SUSTAINABILITY PARADIGMS: CIRCULAR ECONOMY AND ENHANCED TRIPLE BOTTOM LINE

Keywords:
circular economy, sustainability, triple bottom line, people planet profit

Abstract:
Whilst stakeholders and policy makers in industry and academia increasingly use circular and sustainable, the terms are not clearly understood. Furthermore, the need for a switch from a current economic model (linear) to the circular one has been recognized globally by the major decision makers. The shift from one mechanism to another has presented challenges in grasping the Circular Economy (CE) and Sustainability (S) principles: defining them, understanding the similarities and differences, and successfully applying them using Triple Bottom Line (TBL) approach. Employing systematic literature review, the aim of this paper is to clarify the ambiguities and add to clarity by exploring the concepts and the relationship of CE and S by applying TBL framework – social, economic and environmental variables. The gaps regarding relations to people and profit contribution are identified in the literature, future research priorities and new frameworks are recommended

CITATION:

IEEE format

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A. Minić, S. Filipović, “Underpinning sustainability paradigms: circular economy and enhanced triple bottom line,” in FINIZ 2023 - Sustainable development as a measure of modern business success, Belgrade, Singidunum University, Serbia, 2023, pp. 66-73. doi: 10.15308/finiz-2023-66-73 

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Minić, A., Filipović, S. (2023). Underpinning sustainability paradigms: circular economy and enhanced triple bottom line. Paper presented at FINIZ 2023 - Sustainable development as a measure of modern business success. doi:10.15308/finiz-2023-66-73

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