Innovative strategic financial instruments for the development of circular business models

Abstract

In the modern economic context, the growing emphasis on sustainability and efficient management of resources is leading to comprehensive changes in business models. The circular economy, aimed at minimizing waste and maximizing resource utilization, is emerging as a crucial aspect of this transformation. It is a response to the uncontrolled exploitation of natural resources and energy sources, accelerated industrial development, as well as excessive consumption, which were the basis of economic growth and development in the 20th and early 21st centuries. In this context, innovative financial instruments play a significant role in supporting and financing circular practices. This paper explores the role of innovative financial instruments within the circular economy, analyzing how these instruments encourage sustainable practices, support innovation and contribute to efficient resource management.

Keywords

• circular business models
• circular economy
• strategic financial management
• innovative financial instruments