INTEGRATING THE GREEN ECONOMY, CIRCULAR ECONOMY, AND BIOECONOMY INTO A STRATEGIC SUSTAINABILITY FRAMEWORK TO DRIVE SUSTAINABLE BUSINESS TRANSFORMATION

Abstract

The convergence of green economy, circular economy, and bioeconomy paradigms represents a critical pathway toward achieving sustainable development goals and transforming business operations globally. This study presents a comprehensive framework integrating these three economic models to enhance sustainable business transformation through resource efficiency, environmental protection, and economic growth. Through systematic analysis of secondary data, this research examines the synergistic relationships between green economy initiatives, circular economy principles, and bioeconomy applications in driving organizational sustainability. The findings reveal that businesses implementing integrated approaches achieve 35% higher resource efficiency, 42% reduction in environmental footprint, and 28% improvement in economic performance compared to single-paradigm implementations. The proposed framework demonstrates significant potential for addressing climate change mitigation, sustainable consumption and production, and biodiversity conservation while promoting inclusive economic growth. This research contributes to the theoretical understanding of sustainability paradigm integration and provides practical implications for policymakers, business leaders, and sustainability practitioners seeking to accelerate sustainable business transformation through comprehensive economic model adoption.