Framework for Circular Economy Industrial Cluster Ecosystems to Evaluate the Sustainability of ESG Performance

Abstract

The circular economy has emerged as a key driver for sustainability progress in the current digital era. Companies in the circular economy have increased GDP and generated employment dramatically. Future developments in digitization, resource availability, and ecological issues call for new strategies in the digital age. E-businesses must guarantee the circular economy's sustainable expansion in addition to their attention to environmental issues. The circular economic business model that is suggested by the study aims to improve ESG (environment, social, and governance) performance as well as sustainability. To track the technical aspects of the circular economy process and decrease operational costs and resource needs, the authors have utilized indicators. Here, they provide a comprehensive study that takes into account a complete review of the relevant literature, the e-business paradigm for the circular economy under development, a company, a portfolio of e-business applications, and the development of software applications for a circular economy enterprise.