TOWARDS SUSTAINABLE BUSINESS PRACTICES: CIRCULAR ECONOMY PRINCIPLES FOR RESOURCE OPTIMISATION AND WASTE REDUCTION

Abstract

This study investigates the adoption of circular economy principles in Tata Steel and Tata Chemicals, focusing on their efforts in areas such as recycling ferrous scrap and utilising by-products. These behaviours indicate a dedication to sustainability, optimising resource usage, and fostering innovation. The results emphasise the possibility for corporations to utilise circular economy strategies in order to diminish environmental harm and stimulate commercial worth. Businesses can bolster their resilience and competitiveness while also promoting environmental preservation and long-term sustainability by implementing methods such as material recycling, waste utilisation, and adopting renewable energy.