Introduction

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Circular economy (CE) is the new way of creating shared value and promoting inclusive & sustainable development. The concept of ‘circular economy’ has gained attention among scholars and practitioners across the globe. In recent times, the environmental pressures are necessitating the concerns for business sustainability through technological innovation intending to improve the design, implementation, and evaluation of sustainable policies. In such a scenario, a significant challenge confronting businesses is reconciling economic imperatives with ecological sustainability. Circular Economy (CE) is a growing topic that promotes the responsible and cyclical use of resources, possibly contributing to sustainable development. CE has emerged as a major paradigm shift in how business interacts with society and the environment. The implementation of CE initiatives aims to conserve scarce resources, close energy and material loops, and facilitate sustainable development at various levels of business processes. The United Nations under Sustainable Development Goals (SDG) target 12.5 aims to "substantially reduce waste generation through prevention, reduction, recycling and reuse" by 2030, requires actions and policies across various stakeholders to achieve the goals.

 

Many firms attempt to apply circular economy principles to their business practices to achieve positive economic, environmental, and social benefits. However, these firms often struggle to change their existing linear business models to circular models because the steps required for successful transformation are still poorly understood. The attainment of the circular model requires cyclical and regenerative environmental innovation at all levels of the business value chain. Considering the alarming level of concerns related to resource degradation and business sustainability, it is critical to create a global platform to discuss the emerging issues in implementing the circular economy at the micro and macro levels. This international conference aims to bring together global industry leaders and academics on a single platform to discuss critical issues for promoting CE principles and achieving business sustainability.