The article, which is of a review nature, reveals the conceptual principles of innovative renewal of economic resources as a key technology for ensuring sustainable development of an enterprise and identifying its practical forms and mechanisms of influence. The focus is on the triune nature of sustainable development – economic, environmental, and social – within which economic resources provide a system-forming role. The modern innovative technologies that form the resource base for sustainable development, including digitization, green technologies, circular economy principles and innovative energy solutions, are studied. It is substantiated that innovative renewal involves a qualitative renewal of material, labour, financial, information and technological resources through the introduction of the latest technical, managerial and social solutions. The forms and mechanisms of influence of innovative renewal on sustainable development are analyzed, including technological modernization, financial innovations, digital transformation, organizational and social innovations. It is emphasized that this form of renewal allows enterprises to reduce resource dependence, increase efficiency, strengthen competitiveness and ensure environmental safety. It is concluded that it is necessary to integrate innovative renewal into the strategic management of enterprise as a prerequisite for its long-term sustainability. Adopting a descriptive analysis method, this paper are outlined for further research are determined, in particular in the field of methodological assessment of the effectiveness of innovation renewal in the context of combining business profitability with responsibility to society and the environment and adaptation to Ukrainian realities.