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Towards the Sustainable Corporation: Win-Win-Win Business Strategies for Sustainable Development
Abstract
From the sustainable development policies of far-sighted governments to the increasing environmental awareness—and cynicism—of consumers, a range of pressures is being brought to bear on business to improve its environmental performance. This article traces the development of some of those pressures, highlighting industries in the firing line, and examining some of the concerns of consumers. It looks at the ways in which companies can turn the environment game into one in which they, their customers, and the environment are all winners. It also explores the rapidly expanding area of corporate environmental reporting, including forms of environmental disclosure, target audiences, and leading exponents of the field.
... The three dimensions of sustainable development are further described in the business framework the Triple Bottom Line (6). This framework argues that for a business to be sustainable, it needs to consider not only the economic aspect, but also the environmental and social aspects of operations. ...
... This framework argues that for a business to be sustainable, it needs to consider not only the economic aspect, but also the environmental and social aspects of operations. In other words, it must consider for example air pollution and greenhouse gas emissions, and the health and wellbeing of employees and clients (6). Triple Bottom Line has since its' introduction been employed in studies (2,4,7). ...
... Side effects of pharmaceuticals have a major impact on society, leading to high costs, increased morbidity requiring care, and risk of death (12). The production and consumption of pharmaceuticals contribute to a global problem of pollution in water and soil (5,6). These pollutants affect human health and the lives of plants and animals and have been identified as major problems in several countries (14)(15)(16). ...
Introduction
Physical therapy encompasses a broad range of treatment options, often utilized in clinical settings where pharmaceutical interventions are standard. The potential for physical therapy to contribute to sustainable healthcare by reducing environmental impact, while maintaining the quality of care, remains underexplored. This study aimed to map existing research comparing physical therapy to pharmaceuticals, with a specific focus on whether these studies address aspects of sustainable development.
Methods
A scoping review was conducted, systematically searching the PubMed, Cinahl, and Pedro databases using keywords related to physical therapy, pharmaceuticals, and comparative studies. Two assessors independently reviewed and selected relevant studies, followed by data extraction and summarization of results.
Results
A total of 27 studies were included, varying in design, population, and healthcare context. The most commonly addressed conditions were osteoarthritis and musculoskeletal pain, with analgesics being the most frequently studied pharmaceutical interventions. While several studies touched upon economic and social dimensions of sustainable development, none examined environmental sustainability. This highlights a critical gap in current research.
Discussion
Future studies are needed to assess how physical therapy, when compared to pharmaceutical treatments, can contribute to sustainable healthcare by offering a low-carbon, resource-efficient alternative without compromising social sustainability through adverse effects. This knowledge could be instrumental in guiding healthcare systems toward more sustainable practices.
Systematic review registration
A study protocol was registered in Open Science Framework 2023-03-31 (Available from: https://osf.io/we58g ).
... The literature describes sustainable entrepreneurship (SE) as the recognition and exploration of economic opportunities arising from market imperfections and a reliance on the triple bottom line (TBL) framework (Elkington, 1994). This concept encourages companies to include not only economic objectives but also social and environmental goals in their missions (cf. ...
... To address this lacuna, the current research focuses on examining how SMEs' internal initiatives influence SE indices in order to understand the causal relationships between these strategies and their impact on these companies. This study adopts a constructivist perspective and draws on the TBL approach (Elkington, 1994), theory of legitimacy (Dowling & Pfeffer, 1975;Suchman, 1995), and stakeholder theory (Freeman, 1984). The results comprise a multi-criteria decision support analysis system that identifies and analyzes the internal initiatives that SMEs can implement to improve their SE indices. ...
... This idea encompasses the economic, environmental, and social changes caused by these innovations (Andersén et al., 2020;Masele, 2019). SE is thus closely related to the TBL approach (Elkington, 1994), which seeks to meet social, economic, and environmental objectives without compromising future generations' well-being. ...
The United Nations’ Sustainable Development Goals (SDGs) create a global framework for companies seeking to meet diverse sustainability challenges. Small and medium-sized enterprises’ (SMEs) socioeconomic importance makes their implementation of sustainability initiatives and a strategic orientation toward long-term sustainability quite crucial. This study focuses on creating a multi-criteria decision support analysis system to identify internal initiatives that can improve sustainable entrepreneurship (SE) indices. A mixed-method approach is applied based on cognitive mapping and decision making trial and evaluation laboratory (DEMATEL) technique to cover qualitative and quantitative aspects. The results clarify the causal relationships between six clusters labeled as follows: Technology and Equipment; Collaborative Governance; Social Practices and Community; Environmental Initiatives; Innovation and Entrepreneurship; and Training and Human Capital. Key initiatives that improve SE indices comprise adopting technologically advanced tools, stimulating companies to implement good practices and rewarding good performance, valorizing assets and resources in the regions where companies operate, defining and monitoring environmental goals, enlisting in financial support programs, and concentrating on employees’ quality of life. The findings provide theoretical and practical insights into which strategies significantly promote long-term sustainability. To strengthen the results of the cognitive mapping and DEMATEL analysis, we propose the use of multi-objective programming (MOP) and goal programming (GP) models. These models can help establish objectives that focus on technological advancement, promote best practices, recognize high performance, utilize endogenous resources effectively, define and monitor environmental goals, ensure access to financial support, and enhance employees’ quality of life. Limitations and future research directions are also presented.
... Central to sustainability lies the effort to align the three dimensions of development -economical, environmental and social-, as outlined by Elkington (1994), thereby enhancing the overall quality of human life. This endeavour presents a significant and complex challenge, especially when incorporating it into the agri-food sector, which serves as a vital intersection in the discourse on sustainability. ...
... From the available data of the Portuguese FADN (2016-2021), fifteen sustainability indicators (Table 1) were identified across the three dimensions of economics, social, and environmental, aligning with the principles outlined by Elkington (1994). ...
... This study adopts a holistic view of sustainability, encompassing all three dimensions proposed by Elkington (1994), as discussed by Trivino-Tarradas et al. (2019). However, within the context of Portuguese agriculture, environmental and economic factors emerged as the most critical and potentially conflicting aspects. ...
Based on data available between 2016 and 2021 from the Portuguese FADN, fifteen sustainable indicators were measured, and a compromise programming model was designed to balance environmental and economic objectives, that reveal a conflict between them. The findings identified solutions dominated by dried fruits, olive trees, sheep and goats, extensive horticulture, and beef cattle for sustainable farming planning at the national level. We conclude that the complementary between these two approaches constitute an important instrument for supporting decision-making and developing public policies focused on current sustainability paradigms.
... Sustainable HRM has been described as the umbrella concept of such approaches that consider both sustainability and HRM (Kramar 2014). In this sense, 'sustainability' refers to corporative economic performance on the one hand (Elkington 1994;Labatut 2023) and the more multidimensionally social, cultural, and ecological sustainability of organizations on the other hand (Aust et al. 2020;Kramar 2014). Aust et al. (2020) classify four sustainable HRM types: Socially Responsible HRM; Green HRM (GHRM); Triple Bottom Line HRM; and Common Good HRM, to which we will return later. ...
... Socially Responsible HRM refers to the most conventional type, which focuses on human capital conservation inside companies and the indirect impacts of companies on surrounding societies (Aust et al. 2020), but not ecological aspects. Green HRM, in particular, focuses on supporting environmental and HRM goals at the strategic and practical levels (Paulet et al. 2021;Renwick et al. 2016), whereas the third type, the 'triple bottom line' approach, equally emphasizes the economic, social, and environmental aspects in HRM (Aust et al. 2020) as a 'win-win-win' setting for corporations, the environment, and people (Elkington 1994). ...
This study proposes that the deepening ecological crisis requires novel frameworks of resilience at work so that it considers the human–nature relationship. Increased sustainability reporting provides a platform to disclose how organizations practice sustainable HRM as a part of the SDGs. The research questions are: How are resilience approaches illustrated in sustainable HRM reporting? What argumentation is used for resilience approaches? What HRM practices are associated with different resilience approaches? The sustainability reports of 10 well-known Finnish organizations were studied using reflexive thematic analysis. The results identified that resilience is well addressed in the organizations’ SHRM at the individual and human interaction levels. However, the ecocrisis is not the challenge for which organizations are preparing SHRM in practice. Despite the good intentions of SHRM, the pursuit of resilience can lead to contradictions in terms of socioecological resilience. More conceptual guidelines are needed to emphasize the connection with the human–nature relationship.
... At the global level, the World Commission on Environment and Development's (WCED) definition of sustainable development as "development that meets the needs of the present without compromising the ability of future generations to meet their own needs" (WCED 1987, p. 41) provides an initial common foundation, as do the UN's Sustainable Development Goals (2015), which consist of 17 goals and 169 targets in the areas of people, planet, prosperity, peace, and partnership. In business, Elkington's (1994) concept of the triple bottom line has established a framework for measuring success that includes environmental and social values alongside economic ones. ...
... Coming from the field of business studies, Elkington's (1994) concept of the triple bottom line has established a framework for measuring success that includes environmental and social impacts alongside economic performance. This approach is today widely accepted across various disciplines. ...
The discourse on understanding and implementing sustainable development has so far focused primarily on the external aspects, neglecting the internal dimension of people. The main purpose of our paper is to contribute to addressing this research gap. Therefore, we intend to (1) substantiate existing aspects of the Inner Development Goals (IDGs), (2) complement them, and (3) link the concept of the IDGs to normative discourses in Christian Social Ethics and Social Philosophy. Our results show that the dimensions of Being, Relating, and Collaborating in the IDG Framework can be substantiated by the normative discourse on spirituality and by reference to the social principle of personality in Christian Social Ethics, as well as by the Indian Social Philosophical Perspective of Vimala Thakar which focuses on a value-based approach. This paper suggests that the concept of the IDGs will be strengthened by adding the dimension of Caring—understood as the concern and responsibility for the wholeness in the combining of the inner and outer dimensions. By linking the concept of the Inner Development Goals to the existing normative discourses in Christian Social Ethics and Social Philosophy, our research contributes to making the concept connectable and deepens the discussions on a practical and theoretical level.
... The Triple Bottom Line (TBL), initially proposed in Elkington's research, encourages companies to go beyond just financial success. It emphasizes focusing on their broader environmental and social impacts to reach more comprehensive sustainability goals [5]. While pursuing economic benefits, enterprises should assume responsibility in three basic areas: economic, environmental, and social. ...
... Then, use FST to quantify the text information into fuzzy values (4). Next, use equations to de-blur the fuzzy values and obtain explicit values (5). Aggregate the explicit values obtained by each expert (6). ...
In recent years, many manufacturing enterprises have recognized that sustainable supply chain management (SSCM) is a primary goal for contemporary enterprises. However, there's a gap between these studies and the actual operations of enterprises, leading to a biased understanding of the theory among industry personnel. Therefore, this study focuses on implementing enterprise SSCM practices. It uses a combination of quantitative and qualitative methods and applies various data analytics methods. The aim is to build a theoretical framework, provide evidence for enterprise decision-making, and raise management awareness. Empirical analysis shows that environmental and economic aspects are crucial for promoting SSCM implementation and are interdependent with social aspects. New aspects, resources, and innovation aspects are also proposed for considering SSCM implementation. The findings offer decision-making support for companies. This paper finds that regular environmental, social and governance(ESG) reporting can enhance their environmental, social, and economic performance and boost their global competitiveness
... The Triple Bottom Line model of sustainable development, proposed by John Elberg (1994), speaks of the three dimensions of economic, social and environmental development and believes that any development must be balanced and coordinated in these three dimensions. According to this model, sustainable development is achieved when there is a balance between these three dimensions and efforts are made in each dimension without harming the others (Elkington, 1994). In addition, the Stakeholder Theory, proposed by Edward Freeman (1984), emphasizes the importance of stakeholder engagement and cooperation in the sustainable development process. ...
... International Journal of Applied Research in Management, Economics and Accounting 1(4):[41][42][43][44][45][46][47][48][49][50][51][52] 2024 ...
This study aims to examine the implementation barriers to sustainable development policies in Iran from the perspective of senior government managers. This study used a mixed method and collected quantitative and qualitative data to examine the factors affecting the effectiveness of implementing these policies. The statistical population included senior managers of government departments related to policymaking and implementation of sustainable development programs, and the sampling was conducted with 30 people for the quantitative part and 15 semi-structured interviews for the qualitative part. Quantitative data analysis through multiple regression modelling and confirmatory factor analysis showed that "financial support" and "collaboration among stakeholders" have the greatest impact on the success of implementing sustainable policies. Qualitative analysis based on the content analysis method also identified infrastructure challenges, poor coordination between government and non-government sectors, and cultural problems as key barriers. Comparing the results with similar studies showed that Iran's specific structural and cultural factors have made some implementation challenges more prominent than in other countries. By identifying implementation constraints and providing practical recommendations, this research provides useful insights for managers and policymakers to improve policymaking processes and promote the effective implementation of sustainable development policies in Iran.
... To facilitate this, it has become common to distinguish three generic sustainability criteria for economic enterprise: social, environmental and financial concerns. Popularly referred to with the mnemonic "people, planet and profit, " this view is framed in business terms as a triple bottom line (Elkington, 1994). That is, instead of considering the bottom line of a financial ledger as the ultimate metric of a business' success, three separate criteria must be considered simultaneously. ...
The concept of ‘sustainability’ has developed into a rich discourse concerned with diverse human responsibilities in our economic life, and as such it is in constant danger of over-simplification. The conventional two-way analysis of sustainability, into (1) human needs as ends and (2) means to meet such needs, and the scheme of nine planetary boundaries, are taken as starting points for a more balanced proposal set out in this conceptual paper. Inspired by the framework of Doughnut Economics and drawing on a collection of recent articles in this journal, we identify a set of 12 aspects for evaluating transformative change and apply them to food systems: seven typically instrumental goods (means) and five typically final goods (ends). Recognising that such classifications are worldview-dependent, however, our ‘home model’ breaks down the 12 aspects into 37 criteria as the basis for a practical tool for evaluating particular business models and policy initiatives. The paper concludes by offering a philosophical account of transformative change and identifying institutional factors crucial for local progress towards sustainability transitions, in food systems and also more broadly.
... This approach contributes to the reduction of natural resource consumption, such as raw materials and energy, and minimizes waste generation and pollutant emissions (Sehnem et al., 2020). Based on the principles of economic, social, and environmental sustainability, known as the "Triple Bottom Line" (Elkington, 1994), the CE implies fundamental changes in social, industrial, and consumption contexts to promote a more equitable and environmentally responsible sustainable development (Pieroni et al., 2021). ...
Sustainable business models tend to have greater potential for the transition to the circular economy. The present study aims to investigate how Brazilian startups in the food segment foodtech are integrating Industry 4.0 technologies to boost the circular economy, emphasizing the importance of stakeholder engagement in the process. The choice of this unit of analysis is associated with companies that were born recently, with a high chance of having sustainable and circular business models. The research involved eight food technology startups, using questionnaires, interviews, and content analysis to collect data on circular supply chain practices, Industry 4.0 technologies adopted, and the level of stakeholder engagement. The results indicate that foodtech startups are progressively incorporating technologies such as automation, big data, biotechnology, and the Internet of Things, to promote circular economy initiatives. The active participation of stakeholders has been fundamental, contributing to innovation and efficiency in processes. However, the complete transition to the circular economy and the full adoption of Industry 4.0 technologies are challenged by obstacles, including high costs and regulatory barriers. The study found that startups play a crucial role in this transition, due to their agility and capacity for innovation, which can serve as an example for larger companies. Collaboration between businesses, regulators, academic institutions, and society is essential to overcome these challenges and facilitate effective transformation. This work offers valuable practical insights for foodtech startups looking to adopt circular practices, highlighting technologies, and practices that can result in economic and environmental benefits. Startups emerge not only as adopters of new technologies but also as agents of change in industrial practices, shaping a more sustainable future for the food sector. It is recommended that future research explore the impact of regulatory policies and incentives on accelerating the adoption of these technologies by startups, in addition to evaluating the long‐term economic viability of these technological innovations in promoting a more circular economy.
... Gli ambiti della sostenibilità e della responsabilità sociale d'impresa sono sintetizzati dalle "tre P" della Triple Bottom Line (TBL) di John Elkington: Pianeta, Persone e Profitto. Queste rappresentano le dimensioni chiave della sostenibilità, cheè multidimensionale, tiene conto del benessere delle generazioni future e si basa su un approccio orientato agli stakeholder (Elkington, 1994(Elkington, , 1998. ...
This study examines the integration of Environmental, Social, and Governance (ESG) factors in Italian innovative SMEs, focusing on ESG and Readiness ESG scores. The ESG score, calculated by normalizing the results of the environmental (35%), social (45%), and governance (20%) dimensions, reflects the overall sustainability performance of the firms. The Readiness ESG score evaluates corporate preparedness by combining ESG awareness and implementation, weighted equally at 50%.
A questionnaire was sent to approximately 1,500 innovative SMEs, resulting in 105 valid responses, of which 99 were included in the analysis. Linear regression and ANOVA models were applied to investigate the relationships between firm size, ESG knowledge, sector, and geographic location concerning the calculated scores.
The findings show that firm size and ESG knowledge are positively correlated with ESG scores, indicating that larger firms with greater awareness tend to implement more structured sustainable practices. Geographic analysis reveals partially significant differences in ESG scores between Northern, Central, and Southern Italy, while no significant differences are observed across sectors, largely due to the sample's concentration in the services sector.
The study highlights limitations related to the sample size and representativeness, which affect the generalizability of the results. Nevertheless, it provides valuable insights into the factors influencing ESG practices in innovative SMEs and lays the groundwork for future research with larger and more diverse samples.
... Source: authors' own work based on Elkington (1994) These dimensions collectively provide a comprehensive framework for assessing and improving the social responsibility of organizations as they strive for sustainability. A. Joyce, and R. L. Paquin presented a tool for designing sustainable business models by adding two additional layers to the classic Business Model Canvas: an environmental layer based on a life cycle perspective, and a social layer based on a stakeholder perspective. ...
The article refers to a valid and current research area related to business sustainability. The development of the concept of sustainability has resulted in the linking of the overall concept to the actions that entrepreneurs take for sustainable development. Thus, it has moved the discussion to the level of sustainable business models, taking into account economic, environmental and social aspects together. The paper focuses on the social layer of the sustainable business model. The main objective of this article is to identify the relationship between activities in the social dimension and sustainable outcomes. Research covers organizations operating in Poland and is based on a questionnaire (the statistical analysis is based on empirical studies conducted in 303 companies operating in Poland). The data collected allowed the construction of a regression model and the results revealed statistically significant relationships between social outcomes and values for society and employees.
... Green Manufacturing has evolved significantly, becoming a focal point in both research and practice, prioritizing environmental impact reduction through waste minimization, resource optimization, and emission control. The concept has expanded to Sustainable Green Manufacturing (SGM), which integrates economic, social, and environmental dimensions, known as the triple bottom line (TBL) (Elkington, 1994;Chawla et al., 2021;Gupta et al., 2022;Aggarwal & Chawla, 2021).). SGM represents a paradigm shift in industrial production, aligning with global commitments for sustainability. ...
The advent of Industry 4.0 has revolutionized manufacturing, integrating advanced technologies to enhance efficiency and sustainability. However, the transition to sustainable green manufacturing presents numerous challenges. This paper analyzes these challenges using the Fuzzy Technique for Order of Preference by Similarity to Ideal Solution (Fuzzy TOPSIS). By incorporating expert opinions and fuzzy logic, various obstacles are evaluated and prioritized in the implementation of green manufacturing practices in the context of Industry 4.0. The analysis reveals that market uncertainty in the economic landscape ranks as the top challenge, followed by high costs of implementation, maintenance, security, and integration. Uncertain benefits and trade-offs are also found as significant barriers. Key factors include the need for substantial investments, cybersecurity concerns, integration difficulties, and the complexities of predicting returns on investment. From the study, it is also evident that the impact of Industry 4.0 on supply chains and emissions from Electronics manufacturing is also a critical issue. The study provides actionable insights and strategic recommendations for policymakers and industry leaders to facilitate the adoption of sustainable green manufacturing practices in the era of Industry 4.0.
... Companies with this certification are assigned a value of 1, and those without are assigned 0 [17] . The application of Triple Bottom Line (TBL) theory underscores the significance of environmental performance as a key component of sustainability [12] . By adopting ISO 14001, companies demonstrate their dedication to reducing negative environmental impacts while balancing economic and social responsibilities. ...
This study investigates the impact of carbon emission disclosure, environmental performance (ISO 14001 certification), and institutional ownership on firm value in Indonesia’s energy and banking sectors during the 2021–2023 period. Using panel data regression on a sample of 93 firms, the findings reveal a significant yet negative relationship between carbon emission disclosure and firm value, suggesting that transparency in carbon reporting may be perceived as a financial burden by market participants. Conversely, environmental performance, as measured by ISO 14001 certification, and institutional ownership do not exhibit significant effects on firm value. These results indicate that while sustainability practices are gaining traction, their financial implications remain unclear in certain contexts. The study highlights the need for refined regulatory frameworks and stakeholder engagement to balance corporate sustainability initiatives with market expectations.
... Sustainable development is rooted in the interconnection between economic prosperity, social equity, and environmental integrity (Alaimo et al., 2021;Bartiromo and Ivaldi, 2023;Elkington, 1994;Purvis et al., 2019). Aspects that come together in the concept of digital sustainability which encapsulates the importance of triple economic, social, and environmental dimensions (George et al., 2020;Pan et al., 2022;Brenner and Hartl, 2021). ...
... Assentado nesta temática, o conceito de sustentabilidade, embora associado às questões de biodiversidade e mudanças climáticas, trata-se de um debate de múltiplos sentidos, discutido em um contexto global, dinâmico, complexo e fragmentado (Scherer et al., 2013). Entretanto, o princípio mais disseminado da sustentabilidade, isto é, o alcance do equilíbrio entre prioridades econômicas, sociais e ambientais (Elkington, 1994 Contudo, as intenções da Agenda 2030 devem ser adaptadas à realidade, prioridade e peculiaridade de cada país, sendo de grande importância considerar as dimensões regionais e sub-regionais, a integração econômica regional e a interconexão para o DS (ONU, 2015). Logo, ainda que o discurso macroeconômico referente à globalização predomine nas reflexões acadêmicas e nas agências internacionais, não parece ser suficiente para, de fato, abarcar as transformações e complexidades do real. ...
Principalmente após as revoluções industriais e a globalização dos mercados, um discurso sobre regionalização vem ocupando espaços no meio acadêmico, seja para fortalecer as economias locais ou mesmo para ocupar um lugar de destaque nas plataformas e agendas políticas. Neste contexto, um estudo sobre mensuração da produção científica no Brasil sobre o tema da regionalidade mostra-se importante. Este artigo buscou identificar, partindo da área de gestão, como o tema da regionalidade vem sendo tratado pela publicação científica brasileira no período entre 2015 e 2023, explorando a base de dados Scopus. O ano de 2015 foi escolhido pelo marco de início dos Objetivos do Desenvolvimento Sustentável, sendo este um aspecto comum para os países membros das Nações Unidas (ONU). Utilizando-se uma abordagem bibliométrica, foram analisados 196 artigos, destacando pontos de contribuição sobre o desenvolvimento acadêmico da administração regional. Os resultados da pesquisa identificaram os autores, instituições e padrões de publicação mais proeminentes no período em relação a regionalidade, apontando redes de cocitação e de coocorrência de termos comuns mais pesquisados, como “Brasil”, “desenvolvimento sustentável”, “sustentabilidade” além de outros termos como “políticas públicas”, “participação social” e “desenvolvimento local”.
... The triple bottom line (TBL) concept, coined by John Elkington (1994), corresponds to the three pillars of sustainable development. TBL is also known as "People, Planet, and Profits," which reflects a company's economic performance, social impact, and environmental impact (Abraham, 2024). ...
Purpose
This study aims to investigate the relationship of corporate social responsibility (CSR) dimensions on the financial and nonfinancial performance of Finnish small and medium-sized enterprises (SMEs) amidst crises.
Design/methodology/approach
Survey data was collected from 204 SME owner-managers in Finland during the COVID-19 pandemic using a purposive sampling technique, focusing on SMEs in South Ostrobothnia representing Finnish SMEs. The study tests the direct and indirect effects of CSR dimensions on both financial and nonfinancial performance during challenging times using linear regression analysis and path analysis with SEM.
Findings
The analysis reveals that CSR systems thinking competence positively affects financial performance but does not significantly impact nonfinancial performance. On the other hand, community social responsibility and socially responsible human resource management positively influence nonfinancial performance and have an indirect effect on financial performance.
Originality/value
This research underscores the beneficial performance outcomes of SME engagement in CSR during challenging times, emphasizing the enduring value of investing in employees. It highlights that despite industry performance affecting financial outcomes, CSR systems thinking competence contributes to financial performance and community social responsibility and socially responsible human resource management maintain a positive association with nonfinancial performance. Furthermore, this study enriches the existing literature on the CSR-SME performance relationship by exploring its effects within the unique context of a Nordic welfare society facing a crisis.
... Sustainability has emerged as a critical global challenge, requiring a concerted effort from various sectors to balance economic growth, social equity, and environmental protection. This concept, rooted in the principles of sustainable development (Adams and McNicholas 2007;Elkington 1994), emphasizes a balanced approach that integrates economic growth with long-term environmental and social well-being (Bulgacov et al. 2015;Milne and Gray 2013). In recent years, there has been a growing recognition of the need to integrate sustainability principles into business practices. ...
Green finance has emerged as a critical driver of sustainable development for the banking industry. Engaging employees is essential for the successful implementation of green finance initiatives. This study aims to examine the employee engagement strategies of leading Indonesian banks and compare them with non-banking financial institutions. By analyzing sustainability reports and ESG risk ratings, this study identifies key employee engagement practices in the green finance context, compares them with those of non-banking institutions, and explores the link between green finance, employee engagement, and ESG risk ratings. Drawing on stakeholder theory and an ethical sustainability governance framework, this content analysis study reveals that Indonesian banks primarily focus on training, labor rights, and diversity as key employee engagement practices. While these practices are consistent across materiality, strategy, and performance, they may not fully capture the nuances of employee engagement in the context of green finance. When compared to non-banking institutions, Indonesian banks exhibit a stronger focus on all employee engagement parameters. However, a potential link between green finance, employee engagement, and ESG risk ratings is not evident. The current ESG rating methodologies may prioritize the quantity and quality of sustainability reporting over the actual implementation of impactful sustainable practices, particularly in employee engagement practices and green finance.
... In this theory, known by many authors as the win-win or win-win-win strategy, due to everyone wins: the company, the environment and even competitors, good management of productive resources generates economic and environmental benefits, reducing longterm environmental and production costs, which would lead to greater competitiveness and attracting new customers who are aware of environmental responsibility (Elkington, 1994;Walley and Whitehead, 1994;Florida, 1996;Sharma and Vredenburg, 1998;Majumdar and Marcus, 2001). Schaltegger & Synnestvedt, 2002), develop two hypotheses related to the influence of environmental issues on a company's costs and revenues, firstly pointing out that there is a direct influence on economic success and, as a second hypothesis, the authors maintain that good economic performance drives environmental performance, based on the belief that good environmental performance and the quality of a company's product or service is obtained when a high level of economic success has been achieved. ...
The doctoral thesis called "empirical evidence of the Eco-efficiency Theory about water consumption in Mexican companies" confirms that companies that improve their environmental performance improve their economic performance, by collecting, analyzing and interpreting information from 2018 to 2022 from the 35 stock companies that in April 2022 were part of the S&P/BMV IPC Index of the Mexican Stock Exchange, by calculating the "eco-efficiency formula" and obtaining eco-efficiency index of water consumption.
... as the most seminal landmark (World Commission on Environment and Development, 1987). The commission was influenced by earlier simulations of the Club of Rome with its scientifically significant yet devastating findings (Meadows et al., 1972) Elkington (1994). There, the "3Ps" people, planet, and profit, following the sustainability triangle, intend to introduce sustainability as a target in long-term business planning. ...
Journal of Social Science Education (ISSN: 1618-5293)
Keywords: sustainable development goals (SDGs), education for sustainable development (ESD), whole school approach (WSA), social science education (SSE), decolonisation of education
Highlights:
-A progressive reading of ESD offers opportunities to decolonise SSE.
-SDG4, highlighting quality in education, should define the centre of gravity of the SDGs because it has a global and decolonial DNA.
-ESD, in its genuine form, should be interpreted as a revolutionary paradigm change for rethinking schools as whole institutions and consequently for decolonising teaching.
-Attempts in Germany to reform schools are in jeopardy due to the priority for comparative approaches to education, e.g., PISA.
-To facilitate ESD within given system constraints, global justice offers an appropriate leitmotif to expand and globalise horizons and decolonise teaching practices in SSE.
Purpose: The article offers a progressive reading of ESD with a teaching example to decolonise SSE despite constraints set by the school system.
Design/methodology/approach: The article presents ESD's idea of thought within 'the big picture' of global education. After that, a description of an expert group is given, tasked with developing a conceptual framework for SSE, commissioned by the school administration in Germany and critically reflected on amidst system constraints.
Findings: Full-fledged reforms to rethink schools in the 21st century from scratch to efficiently decolonise and integrate ESD are required.
Research limitations/implications: The last part of the article is limited in its description and critical reflection of the federal German example.
Practical implications: It is recommended that the big picture in terms of promoting global and decolonial dimensions of ESD and facilitating a sustainable transition of schools for achieving the SDGs is kept in sight.
... Salah satu cara yang dapat diterapkan oleh perusahaan untuk mengkomunikasikan komitmen mereka terhadap keberlanjutan adalah melalui sustainability reporting atau pelaporan keberlanjutan. Sustainability report merupakan laporan yang berisi mengenai informasi kinerja keuangan, serta informasi kinerja non keuangan yang berisi tentang aktivitas sosial dan lingkungan serta harapan emiten dapat beroperasi secara terus-menerus (Elkington, 1994). ...
Penelitian ini membahas mengenai isu-isu terkait pelaporan keberlanjutan dalam pengungkapan laporan keuangan dan dampaknya terhadap reaksi pasar jangka panjang. Tujuan utamanya adalah untuk menganalisis bagaimana transparansi dalam pelaporan keberlanjutan memengaruhi kepercayaan investor dan perilaku pasar seiring waktu. Dengan menggunakan pendekatan kualitatif melalui kajian literatur yang komprehensif, penelitian ini mengidentifikasi tema-tema utama mengenai pentingnya pengungkapan keberlanjutan dalam meningkatkan transparansi perusahaan dan mendorong reaksi pasar yang positif. Hasil penelitian menunjukkan bahwa perusahaan yang menyediakan laporan keberlanjutan yang jelas dan rinci cenderung membangun kepercayaan investor yang lebih kuat, yang dapat mengarah pada kinerja saham yang lebih baik dan valuasi pasar yang lebih tinggi dalam jangka panjang. Selain itu, penelitian ini menyoroti bahwa seiring dengan meningkatnya perhatian investor terhadap praktik etis dan berkelanjutan, pelaporan keberlanjutan yang efektif dapat menjadi alat strategis penting bagi perusahaan untuk meningkatkan nilai jangka panjang dan mempertahankan keunggulan kompetitif di pasar.
... After all, product design affects the amount of service required and the mode of delivery and the concept of Design for Logistics (DFL) shows that sustainable development, with priority given to the environmental aspect and a total of six articles discussing the economic aspect. Only article A1A also presents the social aspect of sustainability, according to Elkington (1994) concerning the Triple Bottom Line. ...
Environmental challenges related to solid waste generation and disordered consumption are becoming increasingly prominent. The Circular Economy (CE) has emerged as a strategy for generating value through effective waste management, and Reverse Logistics (RL) plays an important role in the transition to CE. Sustainable Design (SD) and Design for Reverse Logistics (DfRL) have emerged as approaches to integrating RL into product design. This research aimed to explore the context of Design Guidelines (DG) for RL under the concept of DfRL. To this end, a Systematic Literature Review (SLR) approach was used. The research covered aspects of DG, such as related Design for Excellence (DfX), product design context, relationship with RL, sustainability and the Sustainable Development Goals (SDGs). In addition, the research identified research gaps, such as the definition of the term and hierarchy around DG and the need for integration between research and technique to share design information. Potential areas were identified for DfRL and for integrating RL into the product process, promoting the transition to a more sustainable and circular production model, in line with the SDGs and the needs of future generations.
In a linear economic model, unsustainable production and consumption patterns are linked to negative environmental impacts. However, there is little empirical research on the performance of manufacturing firms in developing the circular economy ( CE ) in New Zealand. Accordingly, this study explores how the CE has been implemented in New Zealand's food manufacturing firms and the key factors that drive and prevent their CE practices. Our study used a multiple‐case study of six large food manufacturing firms that engage in CE practices in New Zealand. We found that, although these firms focused on CE principles of reducing, reusing and recycling, the recovering principle is missing. Additionally, they face multiple barriers from the three most salient institutional pillars: regulatory, socio‐cognitive and economic/supply chain. The study contributes to extended institutional theory in the CE literature by establishing an integrated framework. Our practical contribution to the practitioners is to operate the four CE concepts simultaneously by promoting the identified institutional drivers.
Forging government-business relationships is an important prerequisite for a country’s economic system to function efficiently. In sustainable development, such cooperation is especially relevant as the state is one of the key stakeholders for business survival and responsible corporate activities contribute to the achievement of national sustainability goals. The study identifies government relations (GR) management tools that are instrumental in successful implementation of ESG practices and investigates the relationship between GR management as a formalized function and the effectiveness of sustainable develop ment practices in Russian companies. Stakeholder theory constitutes the methodological basis of the study. The key research methods are correlation analysis and one-way analysis of variance (ANOVA). The data set of the study is represented by data from 86 largest Russian companies from the RAEX TOP-100 ESG Ranking as of December, 2023. The top tier companies demonstrate better financial performance and tend to single out GR as a separate function (division). System relationships between big busi ness and the state produce an overall positive effect in society and allow achieving financial stability. The larger the business and the scale of a company’s ESG projects, the greater the need for coordinated actions to reduce potential risks and losses. At the same time, cross-functional interaction between GR and other divisions of the firm enhances the effectiveness of its ESG practices. The findings prove that implementing the GR function is important for both private businesses and companies partially owned by the state.
Food packaging plays a crucial role in maintaining and improving the quality of foods/beverages by protecting them against chemical, physical, biological, mechanical, and environmental damage. Plastic (petroleum-based) packaging is appreciated for its characteristics such as softness, strength, lightness, and transparency, besides being economical and effectively minimizing food waste. However, due to their non-biodegradation, single-use nature, and improper disposal, they create serious environmental problems, including excessive waste generation. Research has been directed toward the development of sustainable and biodegradable alternatives to conventional plastics, such as bioplastics, derived from renewable sources (agricultural products, food industry waste, and lignocellulosic biomass), which can be applied in coatings, films, composites, nanocomposites, etc. The type of starting material classifies polymers as either extracted from biomass, produced from microorganisms, or synthesized from monomers. Renewable, environmentally friendly polysaccharides and their polymer composites (cellulose, nanocellulose, hemicellulose, starch, chitosan, and pectin) have been extensively used for biodegradable food packaging. Food packaging has evolved from a simple primary container to a more specialized and complex one with other desirable properties (biodegradable, edible, intelligent, active, and smart). The growing consumer awareness of food safety and quality has driven innovations in food packaging.
The purpose of this study is to investigate how transformation management affects the sustainability performance of companies and whether the enabling and controlling uses of management control systems (MCSs) mediate the relationship between a company's transformation management and sustainability performance in small‐ and medium‐sized enterprises (SMEs). The analysis revealed that the controlling use of MCSs strongly advances transformation management actions toward higher sustainability performance, while no mediating effect was found when examining the enabling use of MCSs between the same connection. The findings contribute to the discussion on the relationship between transformation management and sustainability performance. The analysis also provides novel theoretical and practical insights into the role of enabling and controlling uses of MCSs in facilitating the transformation toward higher sustainability performance.
Amidst an urgent need for sustainability, novel approaches are required to address environmental challenges. In this context, biomimicry offers a promising logic for catalyzing nature’s wisdom to address this complexity. The purpose of this research is to (1) establish a biomimetic understanding and vocabulary for sustainability and (2) apply biomimicry to upframe service ecosystems as a foundation for sustainability. Our research question is: How can the principles of natural ecosystems inform and enhance the sustainability of service ecosystems? The findings highlight upframed service ecosystems as embodying a set of practices that (1) promote mutualistic interactions, (2) build on local biotic and abiotic components supporting emergence processes, (3) leverage (bio)diversity to build resilience, (4) foster resource sharing for regeneration, and (5) bridge individual roles to optimize the community rather than individual well-being. Our upframed definition of a service ecosystem is a system of resource-integrating biotic actors and abiotic resources functioning according to ecocentric principles for mutualistic and regenerative value creation. The discussion emphasizes the implications of this upframed definition for sustainability practices, advocating for a shift in understanding and interacting with service ecosystems. It emphasizes the potential for immediate mutualistic benefits and long-term regenerative impacts.
Green human resource management (GHRM) practices are critical for enhancing sustainability outcomes. Still, literature is scarce on the granularity of how GHRM practices can be promoted to strengthen sustainability linking green dynamic capabilities and employee engagement in the presence of innovative climate. Drawing upon institutional theory, this study investigates the relationship between GHRM practices and sustainability, the mediation effect of green dynamic capabilities and employee engagement, and the moderation effect of innovative climate. This study employed a post-positivism approach and adopted a two-stage method for the selection of population and sampling to collect data through an online survey instrument from 374 respondents working at top, middle, and lower tiers of management positions in the telecom organizations of Pakistan, to test research hypotheses. Findings indicated a positive association between GHRM practices and sustainability and a significant mediation effect of green dynamic capabilities and employee engagement between GHRM practices and sustainability. In addition, the moderation effect of innovative climate is found insignificant on the relationship between GHRM practices and sustainability. Nevertheless, findings suggest that telecom organizations should boost green dynamic capabilities and employee participation to enhance sustainability while integrating GHRM practices in a conducive and innovative environment, to achieve and align with sustainable development initiatives.
This chapter explores the evolution of CSR from simple philanthropy to strategic core in modern business. The best way to incorporate them is within the strategies of a corporation so that their effects are both effective and sustainable. This Chapter give more inputs on Ethical leadership in context of modern CSR; otherwise, firms are drawn toward a superficial “greenwashing” rather than an authentic stewardship for society and the environment. There are two basic CSR models discussed in this chapter. One, Carroll's CSR Pyramid, and the second one is the Triple Bottom Line model, where the organization frames CSR as three-dimensional responsibility toward people, profit, and planet. Chapter also include CSR Supporting Governance and responsibility. The Chapter also include example by Patagonia, for instance, tangible benefits through CSR would be the building up of brand reputation. Further, the chapter extends environmental impacts of CSR on Consumer Consumption regarding carbon reduction, renewable energy & Others.
Achieving sustainable consumption and production (SCP) patterns is crucial for realizing sustainable development, aligning with the sustainable development goals 2030. However, the absence of comprehensive and unified metrics detailing SCP strategies poses a challenge, and current literature often lacks SCP-specific dimensions, merging them with broader sustainability concepts. Furthermore, existing sustainability models lack clarity on responsible actors and their role in balancing these dimensions. This research addresses these gaps by scrutinizing current sustainability and sustainable development models. It introduces the ‘womb approach,’ proposing distinct dimensions for sustainable development and SCP patterns. The study also formulates a unified strategy list adaptable to organizations of varying sizes and types, facilitating SCP pattern implementation.
Purpose
This research aims to define the novel attitude toward social responsibility phenomena from a multi-level governance perspective and, based on the Lithuanian case, to illustrate the territorial perspective concerning the needs and challenges for future responsible governance in rural areas.
Design/methodology/approach
This research is organized according to qualitative research principles. The seven-step Delphi technique was applied to reach the aim. The expert selection was done using the two criteria, based on the Quadruple Helix approach (Carayannis & Rakhmatullin, 2014; González-Martinez et al., 2023) and the Stakeholder Salience model (Mitchell et al. , 2017). The complementary expertise was accumulated by involving experts from the ministry (government helix) as holding the highest level of legitimacy in the field of building responsible governance in rural areas; business helix representatives hold high urgency attributes; power attributes varied among the experts in different helixes. In total, 15 experts were selected to implement the necessary Delphi steps, where experts’ involvement is relevant. The research work lasted for four months, starting from December 2022, and finalizing in March 2023. Technical support and funding for this research were organized in parallel with part of the activities of the Horizon 2020 programme’s project “SHERPA – Sustainable Hub to Engage in Rural Policies with Actors” (2019–2023).
Findings
The number of recently observed issues while realizing the increasingly complicated application of multi-level governance mechanisms, both scientific discussions and practical implementation evidence call for a novel attitude in governance. In particular areas, where imperfections are very sensitive and most evident, scientific elaborations are more demanded from the very top, i.e. from the EU. Throughout recent years, the European Commission started employing cocreative consortiums (e.g. SHERPA), which, as found much earlier in scientific discourse, represent the joint multi-level power, involving the most powerful, urgent and legitimate stakeholders, representing the four helixes – government, society, business and academia, in building innovative cocreative and collaborative policy formation and implementation practices in multi-level governance. However, the core component that might add to future responsible governance is the social responsibility phenomenon. In conjunction, the multi-level governance and social responsibility paradigms might propose the desired novel responsible governance concept, which would work for more responsible policy formation and implementation, especially considering the interests of local communities.
Research limitations/implications
This paper presents empirical findings, based on limited qualitative data, collected in one EU new member state, i.e. Lithuania. International comparative perspectives are given referring to other related papers. Research findings are promising for further research in the field of novel responsible multi-level governance framework by using the Quadruple Helix stakeholder approach to foster collaboration for innovation in socially responsible governance both from theoretical and empirical points of view.
Practical implications
The developed theoretical framework and described methodological approach might be applied to practitioners in any area policy formation process. The Quadruple Helix approach might be used in defining the needs and challenges of any unit of analysis, either a small canton or a metropolitan city. The study suggests a meaningful departing point starting with expert views on better and more responsible governance practices. The study envisages the ways and manners to define the best value for stakeholders that is the general public or citizens of a rural setting, and this could be extended to other levels of government or state.
Social implications
The research takes into account the public interest from a very broad point of view – how to develop a political course for rural regions in a socially responsible way by using already established innovative methodology.
Originality/value
The article proposes using the novel combination of the three-pillar and stakeholder perspective of CSR, fulfilled by the original Quadruple Helix innovation approach, for establishing proactive stakeholder needs-based responsible multi-level governance practices, enabling the socially responsible policy formation and implementation mechanisms.
Purpose
This study aims to show how configurations of the institutional environment, client expectations and fiduciary duty influence private equity (PE) managers in integrating environmental, social and governance (ESG) aspects into the investment decision-making process.
Design/methodology/approach
The research design combined bibliographic and documentary analysis (including the regulatory framework and secondary sector data) with a phenomenological approach, supported by interviews with managers of PE firms and content analysis.
Findings
The findings revealed the impact of the sociocultural environment on the adoption of ESG practices in investment decisions, the perception of international pressures to embrace ESG principles that differ from national needs, and the diversification of strategies implemented due to excessive regulation.
Originality/value
The study’s uniqueness lies in both the phenomenological approach used to comprehend how concerns about ESG practices influence PE fund investment decisions and the identification of factors not typically emphasized in the literature as moderators of this decision-making process.
Researchers and NGOs in the northern hemisphere use the term sustainability to refer to aspects of prolongation of its three dimensions: environmental, economic, and social. However, research pertaining to sustainability within the Global South is limited, and there exists an underdeveloped comprehension of the aforementioned dimensions as experienced within distinct cultural contexts. This chapter focuses on the third pillar (thriving economy) of Saudi Arabia’s Vision 2030 and how this is linked to social sustainability. This chapter goes on to explain how culture elements, such as religion, are embedded in social sustainability.
Purpose: Higher Education Institutions (HEIs) have been undergoing a major transformation in recent years resulting from increasing enrolment. These educational reforms contribute to economic growth and societal advancement. Unfortunately, the environmental dimension has often been overlooked. Extreme weather is impacting the onsite activities in the campus. The traditional approach of managing compliance is insufficient. HEIs play an important role in promoting Education Sustainable Development (ESD) and managing their campus in a more sustainable manner while striving to stay competitive in world ranking. A sustainability tool, Environmental Management System (EMS) can be adopted to help HEIs in addressing these challenges. Despite its advantages, adoption in the education sector is significantly low compared to other sectors. Hence, this study aim to examine the determinants of EMS adoption among HEIs in Malaysia. Design/methodology/approach: Quantitative approach Findings: Existing empirical studies in HEIs context are scarce. EMS is often conceived as business practice with limited theoretical implications. A holistic conceptual model is proposed by integrating innovation characteristics with institution's experience to address research gaps. Practical implications: This study is expected to provide insights to management on the prerequisites that are required for a successful adoption of EMS, inspire more HEIs to benchmark the adoption, foster knowledge sharing and accelerate the implementation of ESD. Originality/value: This paper contributes theoretically to the existing literature of EMS adoption by extending theory of Diffusion of Innovation to include organizational factors. Unlike previous studies that focus solely on external pressures and performance, this paper emphasizes how
In response to significant societal issues, sustainable entrepreneurship has surfaced as a potential means of solving ecological and social problems. However, most recent studies on sustainable entrepreneurship have been phenomenon-driven, with context-specific findings and a relatively implicit theoretical relationship. Thus, the main goals of this chapter are to investigate the opportunities and challenges of sustainable entrepreneurship in Sri Lanka. The method used was a qualitative, multiple-case investigation. Two cases from Sri Lanka were examined. Semi-structured interviews were conducted with co-founders. The results showed that sustainable entrepreneurship in the two firms revolved around four key areas: 1) a process view, 2) a triple bottom line focused value creation 3) the centrality of opportunities, and 4) triple bottom line solutions. The findings of this study have significance for existing and future entrepreneurs, policymakers, and entrepreneurship education. The chapter also contribute to sustainable entrepreneurship research opportunities, and challenges.
By combining the knowledge from the field of intellectual capital and supply chain management, the present chapter offers a new dimension to understand the antecedents of organizational sustainability. Drawing on the IC Base View of a firm, we argue that a firm’s intellectual capital—characterized by human capital, relational capital, and structural capital—and its ability to map upstream, downstream, and midstream value chain processes, supply chain mapping, can play an instrumental role in improving an organization’s sustainability. Looking into the inherent characteristics and dimensions of intellectual capital, we argue that all three dimensions of IC not only contribute to the SC mapping but are an essential prerequisite for mapping. Based upon these arguments, we offer a testable framework modeling IC, SC mapping, and organizational sustainability. We suggest future research to collect empirical data on the suggested framework—the extent to which it is reliable and relevant for prediction.
Penelitian ini bertujuan untuk mengeksplorasi tanggung jawab sosial yang diemban oleh pemegang izin dalam pembangunan tempat ibadah Kristen di Indones. Sebagai bagian dari pelaksanaan hak atas kebebasan beragama yang dijamin oleh Undang-Undang Dasar Republik Indonesia, pembangunan tempat ibadah Kristen tidak hanya memerlukan izin administratif dan hukum, tetapi juga mempertimbangkan dampak sosial terhadap masyarakat sekitar yang terdiri dari beragam latar belakang agama dan budaya. Tanggung jawab sosial pemegang izin mencakup aspek hubungan antaragama, integrasi sosial, dan pembangunan yang berkelanjutan serta ramah lingkungan yang sensitif terhadap kebutuhan masyarakat lokal. Penelitian ini menggunakan pendekatan kualitatif dengan wawancara mendalam bersama pemegang izin, tokoh agama, dan anggota masyarakat di sekitar tempat ibadah yang sedang dibangun. Selain itu, studi ini juga mengkaji dokumen izin dan kebijakan pemerintah daerah terkait pembangunan tempat ibadah di Tangerang. Hasil penelitian menunjukkan bahwa pemegang izin tempat ibadah Kristen di Tangerang memiliki tanggung jawab sosial yang mencakup beberapa area penting: pertama, menjaga keharmonisan dan toleransi antaragama melalui dialog terbuka dan komunikasi dengan masyarakat sekitar; kedua, memastikan bahwa pembangunan tempat ibadah tidak mengganggu kenyamanan atau kegiatan sosial warga sekitar, termasuk dalam pengelolaan lalu lintas dan kebisingan; dan ketiga, pemegang izin diharapkan berkontribusi pada program sosial masyarakat, seperti pendidikan dan pemberdayaan ekonomi lokal. Tanggung jawab ini merupakan bagian dari upaya untuk menciptakan lingkungan yang harmonis, di mana agama dapat menjadi sarana pengembangan karakter dan solidaritas sosial, bukan sumber konflik. Penelitian ini merekomendasikan agar pemerintah daerah lebih proaktif dalam memfasilitasi dialog antaragama dan mendukung pemegang izin dalam memenuhi tanggung jawab sosial mereka, untuk menciptakan keberagaman yang damai dan saling menghormati di Kota Tangerang.
This study has the purpose to analyze the sustainability organizational management governance and technological innovation in their relationships and implications with entrepreneurship for sustainable economic growth and development. The study departs from the assumption that sustainable economic growth and development is required with theoretical and practical knowledge in sustainability management governance and technological innovation is required to move towards more sustainable production and consumption systems. The method used is the meta-analytical leading to the reflective and descriptive based on the conceptual, theoretical, and empirical literature review. The analysis concludes that the sustainability organizational management governance and technological innovation are relevant factors to have effects on to entrepreneurship for sustainable economic growth and development.
In an era characterized by rapid technological advancements, global interconnectedness, and escalating environmental challenges, the nexus between innovation and sustainability has become a linchpin for business viability and societal impact. This research delves into the multifaceted relationship between innovation and sustainability in contemporary business environments, exploring how strategic integration of innovative practices aligns with environmental and social responsibility imperatives. The introduction posits a critical inquiry: How can businesses leverage innovation to fortify their sustainability initiatives and navigate the ever-evolving global landscape? This sets the stage for an exploration into the theoretical foundations within the literature review, unveiling the intricate frameworks and empirical studies that underpin the symbiotic relationship between innovation and sustainability. By examining key models and paradigms, this section establishes a comprehensive understanding of the impact of innovative sustainability practices on organizational success. The intersection of innovation and sustainability is vividly illustrated through compelling case studies. These exemplify successful integration strategies across product development, operational processes, and supply chain management. Furthermore, technological advancements emerge as transformative catalysts, enabling businesses to embrace environmentally and socially responsible practices. Navigating the future requires a nuanced examination of challenges and opportunities. An analysis of barriers, including cost implications and resistance to change, is juxtaposed against the identification of strategic openings for businesses to spearhead sustainable innovations. Strategies for steering this innovative course are delineated in the subsequent section, emphasizing the crucial roles of leadership, organizational culture, and collaborative partnerships in fostering environments conducive to both innovation and sustainability. The implications for business practices resonate across multiple dimensions, from heightened brand reputation to increased stakeholder engagement. The economic benefits derived from harmonizing innovation with sustainability goals are underscored, solidifying the argument for a dual commitment to business success and societal well-being. This research concludes by summarizing key findings, reiterating the paramount significance of integrating innovation and sustainability for future business resilience. The delicate balance required between economic growth and environmental-social responsibility is emphasized as a critical factor for sustained success. As a compass for future exploration, recommendations for further research pinpoint potential gaps in understanding and beckon scholars to delve deeper into the dynamic interplay between innovation and sustainability in rapidly evolving business landscapes.
In an era characterized by rapid technological advancements, global interconnectedness, and escalating environmental challenges, the nexus between innovation and sustainability has become a linchpin for business viability and societal impact. This research delves into the multifaceted relationship between innovation and sustainability in contemporary business environments, exploring how strategic integration of innovative practices aligns with environmental and social responsibility imperatives. The introduction posits a critical inquiry: How can businesses leverage innovation to fortify their sustainability initiatives and navigate the ever-evolving global landscape? This sets the stage for an exploration into the theoretical foundations within the literature review, unveiling the intricate frameworks and empirical studies that underpin the symbiotic relationship between innovation and sustainability. By examining key models and paradigms, this section establishes a comprehensive understanding of the impact of innovative sustainability practices on organizational success. The intersection of innovation and sustainability is vividly illustrated through compelling case studies. These exemplify successful integration strategies across product development, operational processes, and supply chain management. Furthermore, technological advancements emerge as transformative catalysts, enabling businesses to embrace environmentally and socially responsible practices. Navigating the future requires a nuanced examination of challenges and opportunities. An analysis of barriers, including cost implications and resistance to change, is juxtaposed against the identification of strategic openings for businesses to spearhead sustainable innovations. Strategies for steering this innovative course are delineated in the subsequent section, emphasizing the crucial roles of leadership, organizational culture, and collaborative partnerships in fostering environments conducive to both innovation and sustainability. The implications for business practices resonate across multiple dimensions, from heightened brand reputation to increased stakeholder engagement. The economic benefits derived from harmonizing innovation with sustainability goals are underscored, solidifying the argument for a dual commitment to business success and societal well-being. This research concludes by summarizing key findings, reiterating the paramount significance of integrating innovation and sustainability for future business resilience. The delicate balance required between economic growth and environmental-social responsibility is emphasized as a critical factor for sustained success. As a compass for future exploration, recommendations for further research pinpoint potential gaps in understanding and beckon scholars to delve deeper into the dynamic interplay between innovation and sustainability in rapidly evolving business landscapes.
This study analyses the mediating role of digital innovation variables on the relationship between green human resource management (GHRM) and sustainability performance. This research method uses a mixed method, combining primary data in questionnaires and focus group discussions (FGD). This study also uses an experimental approach, which treats respondents, so the questionnaire is distributed to respondents 2 times. The findings of this study indicate that digital innovation can mediate the relationship between GHRM and sustainability performance. In addition, this study also proves that there is an increase in the role of digital innovation as a mediator after treatment compared to before treatment. This finding provides theoretical implications that GHRM can be supported by digital innovation so that it can be a reference for further research. This finding can be a reference for the government and start-up technology companies to accommodate the needs of companies in implementing GHRM. This is important because the starting point for companies to perform sustainability is to equip employees to be aware of the importance of the environment and sustainability.
The concept of corporate citizenship as a form of corporate social responsibility theory challenged the traditionally accepted socio‐economic division of labor between government and corporations. Although the concept has been around for decades, its validity and applicability are still a matter of debate, with attention to the “chameleon” nature of the concept. Therefore, this paper defines and applies a conceptual framework to examine whether corporate social and political engagement is necessary and, if so, in what form it is beneficial for both the company and society. This is the objective of the present study. The method used in this paper is critical analysis, i.e. the evaluation of arguments both pro and con, and the comparison of these arguments with empirical evidence within the defined conceptual framework. The study shows that the demand for corporate activism is contradictory, so companies need to determine whose interests they represent or balance between different expectations. In addition to analyzing and evaluating corporate activism from a specific conceptual framework, the novelty of the study lies in its differentiated approach to corporate citizenship according to the scope of the companies and in the corresponding proposal for a new socio‐economic division of labor between governments and corporations.
Cet article s’inscrit dans le cadre général des études des variétés spécialisées de la langue, ici l’anglais, pour ce qui concerne le domaine de l’économie, et plus précisément les sous‑domaines du management des entreprises et de la finance. Le constat d’un foisonnement récent de termes ayant pour dénominateur commun les notions de responsabilité et de durabilité a servi de point de départ à la démarche adoptée. Bien que l’étude d’une langue ne puisse se limiter à l’examen de termes, ces derniers constituent une porte d’entrée privilégiée vers l’histoire des idées dans un domaine de la connaissance, et vers la culture et les pratiques d’une communauté donnée, pour peu que l’on adopte une approche diachronique et contextuelle. L’enquête menée sur deux horizons temporels différents (en termes de décennies et de siècles) souligne l’avantage d’un regard rétrospectif pour mieux comprendre les phénomènes présents et enrichir les connaissances des domaines et milieux concernés. Les pistes explorées permettent aussi d’envisager la notion de variabilité des termes comme une richesse, puisqu’elle constitue un indice quant à l’évolution d’un domaine spécialisé, disciplinaire ou professionnel. L’axe diachronique permet de suivre le cheminement complexe des idées qui ont abouti à l’apparition des termes, ainsi que l’itinéraire qu’ils empruntent ensuite et qui nous renseigne aussi sur l’évolution de la société, et sur la façon dont les milieux spécialisés répondent aux nouvelles normes et aux attentes du public.
The trend of an ongoing global environmental crisis amidst various devastating impacts on biodiversity is increasing. Unfortunately, while many organizations are indulging in unsustainable business practices by pursuing profitability at the expense of sustainability, only some committed to mitigating the worsening global humanitarian escalations are finding it difficult to attain their sustainability set goals due to unsupportive structures. Hence, the present study examined the effect of centralization structure (OSC) on corporate greening practices (CG) in the downstream sector in southwest Nigeria. To achieve the set objective, the study adopted a survey design and used a stratified random sampling technique, structured questionnaire (adapted), Survey Monkey Software, and Raosoft sample size calculator to select 410 respondents from 1,732 population of the lower-level managers. The 326 valid responses collected were analysed using the Categorical Regression Model at a 5% significance level because the data collected were categorical. The study findings showed that OSC, though it has a positive relationship with CG, but its effect was insignificant. The study concluded that OSC is not a good predictor of CG practices in the downstream sector in southwest Nigeria. Therefore, it is recommended that OSC be blended with other structural elements, particularly professionalization, to promote pro-environmental behaviours among the employees and foster a safe and conducive environment in the sector. Finally, the study findings offered valuable contributions that were useful for policymakers, stakeholders, and researchers, as well as adding to the existing body of knowledge in the field of management.
Digital–sustainable co-transformation requires organisations to tackle digital- and sustainability transformation as one strategic concern. While digital technology can support sustainability transformation, its production, use and end-of-life also has negative sustainability impacts. How can organisations manage this digital sustainability dilemma when conducting co-transformation? This case study provides learnings from Greenpeace's digital transformation as an example of digital–sustainable co-transformation. The key insights show that co-transformation means balancing value-tensions of digital sustainability among four co-transformation dimensions: environment, social, economic and technology. We provide learnings about how the non-governmental organisation managed these tensions, which can support organisations in championing their own co-transformation.
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- Sourcebook
The LCA Sourcebook: A European Business Guide to Life-Cycle Assessment. Sustain-Ability Ltd./Business in the Environment/Society for the Promotion of LCA Development, 1993. Available from: SustainAbility Ltd., The People's Hall, 91-97 Freston
Road, London Wll 4BD, UK.