Exploring the possibilities of integrating the circular economy into sustainable development strategies through corporate social responsibility

¹ University of agribusiness and rural development, Plovdiv, Bulgaria
² University of Food Technologies – Plovdiv, Bulgaria

^* Corresponding author: vvasilev@uard.bg

Abstract

In the dynamic corporate world, there is an increasing need to explore opportunities to integrate circular economy principles into sustainable development strategies. By applying the concept of corporate social responsibility (CSR), the aim is to achieve the maximum global effect. The analysis focuses on the role that business can play in promoting the transition to a more sustainable model of production and consumption, taking into account the environmental and societal gains. Through a review of current literature and case studies, successful practices and challenges for enterprises in integrating the circular economy into their business models are analyzed. The publication also examines the importance of cooperation between corporations, government and civil society in achieving the Sustainable Development Goals and emphasizes the importance of building strategic partnerships. In conclusion, recommendations are made for the business sector and for political decision-makers regarding the optimal practices for successfully integrating the circular economy into sustainable development strategies based on the principles of corporate social responsibility.