How do scholars approach the circular economy? A systematic literature review

A review of commitment and implementation of sustainable development in higher education: results from a worldwide survey

https://isiarticles.com/bundles/Article/pre/pdf/634.pdf

Resources and capabilities as drivers of hotel environmental marketing strategy: Implications for competitive advantage and performance

Sustainability in higher education: a systematic review with focus on management education

Conceptualization of sustainable higher education institutions, roles, barriers, and challenges for sustainability: An exploratory study in Portugal

An in-depth literature review of the evolving roles and contributions of universities to Education for Sustainable Development

Tourism is a major industry that can lead to economic gains as well as to degraded environment and social infrastructure. Tourism has the potential to destroy the available common environmental resources through overuse and poor management practices, as limited information disclosure and poor monitoring of actions encourage the perpetuation and extension of environmental problems. Based on the adaptive resource management paradigm for addressing problems related to the use of the commons, this paper suggests a methodology for the development of a management tool that can provide island hotels with a continuous flow of timely, relevant, accurate and objective information on the environmental impact of critical corporate activities. The tool, named the destination environmental scorecard (DES), draws on activity-based management concepts and can help local hotel SMEs measure and compare their performance against certain standards and thus conduct operations in a responsible and measurable way to the benefit of both business financial performance and regional sustainability. The paper presents the DES operational characteristics and the potential benefits from its implementation. Copyright © 2008 John Wiley & Sons, Ltd and ERP Environment.

Sustainable tourism in Greek islands: the integration of activity-based environmental management with a destination environmental scorecard based on the adaptive resource management paradigm

The pursuit of sustainability in business practices has necessitated the inte- grated assessment of corporate economic, environmental and social performances. Continuous technological, political and legal evolutions enforce the implementation of Sustainable Development (SD) principles in major sectors of Greek corporate reality. However, the ultimate criteria for the evaluation of a company's performance remain its profitability and market value. Interesting parties emphasise and base their credit and investment decisions on various accounting ratios of return produced on data disclosed in the financial statements of companies. This paper analyses how the traditional accounting ratios, discourage the implementation of investment plans that aim to improve the environmental performance of companies and therefore can prove inadequate and misleading for SD applications. With few exceptions, most international studies have recorded a positive relationship between the environmental performances of proactive firms and their financial positions and market values in the long run. This fact has consistently been disregarded in the computation of the return ratios, widely used in the Greek context to set up the basis for management rewards and bonuses. The divergence of the real market value of a corporation from the book value on which ratios are based indicates the urgent need for adjustment to the return ratios so that they can record the positive economic impact of sustainable actions and encourage decision makers in this direction. This article offers recommendations about how such an adjustment can be achieved while the company works within traditional accounting principles.

TRADITIONAL ACCOUNTING RETURN RATIOS AND BUSINESS SUSTAINABILITY An Incompatible Relationship in the Context of Greek Strategic Business Units

Lack of a solid, uniform, efficient, and objective accounting background to record the economic impact of the tradable permits “grandfathered” to polluting companies misleads the users of corporate financial statements and hinders comparisons of performance. Further, it conceals the financial threat that an imminent need to purchase permits imposes on the profitability and competitiveness of companies participating in emissions trading schemes. The objectives were to investigate the way in which Greek companies record and treat transactions relating to carbon emissions allowances from an accounting perspective; and to predict the impact on corporate financial performance and economic prospects of future purchases of allowances. Data were collected by means of both primary research via questionnaires and telephone contacts and secondary research through the audited financial statements published by the sample corporations. Findings from research conducted in Greece in 2008 are presented and discussed. The working hypothesis was that in the following year, 2009, emissions trading scheme participants would have to purchase the currently free permits at the average stock exchange price established by market mechanisms. The role of variables, such as corporate size, sales, profitability, headcount, and asset base, was investigated to explain the choices and measure the significance of the impact. The results provide an insight to the perceptions of the companies, criteria of choice and economic prospects.

Carbon Accounting in Greek Companies Participating in the European Union’s Emissions Trading Scheme: Current Practice and Projected Financial Implications

Benjamin Karatzoglou

Papers

An in-depth literature review of the evolving roles and contributions of universities to Education for Sustainable Development

Sustainable tourism in Greek islands: the integration of activity-based environmental management with a destination environmental scorecard based on the adaptive resource management paradigm

TRADITIONAL ACCOUNTING RETURN RATIOS AND BUSINESS SUSTAINABILITY An Incompatible Relationship in the Context of Greek Strategic Business Units

Carbon Accounting in Greek Companies Participating in the European Union’s Emissions Trading Scheme: Current Practice and Projected Financial Implications