Browsing by Subject "Purpose of Company"

In the last years those companies that pay close attention to transition of their business models to circular economy have adopted good practices to deal with waste prevention and management. High voluntary standards are set and enforced throughout the supply chain. However, good practices and high voluntary standards are taken seriously by the limited number of companies, predominantly, by those who want to be on rider’s seat and show example to peers. The recent EU Circular Economy Action Plan, released in March 2020, emphasizes that scaling up the circular economy from front-runners to the mainstream economic players will make a decisive contribution to transition to circular economy that will help to achieve climate neutrality by 2050, decoupling economic growth from resource use, keeping resource consumption within planetary boundaries. The Master Thesis departs from the assumption that there is a need for legal reform in the fields of circular economy law and company law to enhance circular economy for business. It is essential to turn modern policies that are in place into reality on the ground. The project aims to answer the question what legal reforms are necessary and should be prioritized.