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Corporate sustainability

About: Corporate sustainability is a research topic. Over the lifetime, 3517 publications have been published within this topic receiving 94075 citations.


Papers
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Journal ArticleDOI
TL;DR: The authors examine corporate green bonds, whose proceeds finance climate-friendly projects, and find that investors respond positively to the issuance announcement, a response that is stronger for first-time issuers and bonds certified by third parties.
Abstract: I examine corporate green bonds, whose proceeds finance climate-friendly projects. These bonds have become more prevalent over time, especially in industries where the environment is financially material to firm operations. I document that investors respond positively to the issuance announcement, a response that is stronger for first-time issuers and bonds certified by third parties. The issuers improve their environmental performance post issuance (i.e., higher environmental ratings and lower CO2 emissions), and experience an increase in ownership by long-term and green investors. Overall, the findings are consistent with a signaling argument—by issuing green bonds, companies credibly signal their commitment towards the environment.

331 citations

Journal ArticleDOI
TL;DR: In this paper, the authors analyzed the phenomenon of corporate sustainability reporting in general and the use of CSR guidelines developed by the Global Reporting Initiative (GRI) in particular and found that companies produce CSRs mainly to seek organizational legitimacy, and that the main reason for use of the GRI guidelines is an expectation of increasing credibility of the CSR, but also that it provides a template for how to design a report.
Abstract: With empirical evidence from Swedish companies, this paper analyses the phenomenon of corporate sustainability reporting (CSR) in general and the use of CSR guidelines developed by the Global Reporting Initiative (GRI) in particular. The main questions at issue are why companies have chosen to use the GRI guidelines and how this has affected corporate social responsibility and environmental management. From interviews with all Swedish companies that use the guidelines, we have found that companies produce CSRs mainly to seek organizational legitimacy, and that the main reason for use of the GRI guidelines is an expectation of increasing credibility of the CSR, but also that it provides a template for how to design a report. Moreover, we have found that the CSR report and the GRI guidelines are of more help for internal than external communication at this stage of development. It could help corporations to learn about themselves and to see what has actually been done in the organization. In all, the GRI guidelines would have the potential for gaining visibility and control of the triple bottom line on a corporate level, but they are in need of further development, not least in relation to the issue of verification. Copyright © 2003 John Wiley & Sons, Ltd and ERP Environment.

328 citations

Journal Article
TL;DR: In this paper, the authors address the link between the Sustainability Balanced Scorecard as a strategic information and management approach, sustainability accounting as a supporting measurement approach and sustainability reporting for communication and reporting.

328 citations

Journal ArticleDOI
TL;DR: In this paper, a stakeholder value creation framework derived from key characteristics of stakeholder theory is proposed for the case of business models for sustainability, and the framework aims to support theoretical and empirical analyses of value creation as well as the management and transformation of business model in line with corporate sustainability ambitions and stakeholder expectations.
Abstract: Business models are developed and managed to create value. While most business model frameworks envision value creation as a uni-directional flow between the focal business and its customers, this article presents a broader view based on a stringent application of stakeholder theory. It provides a stakeholder value creation framework derived from key characteristics of stakeholder theory. This article highlights mutual stakeholder relationships in which stakeholders are both recipients and (co-) creators of value in joint value creation processes. Key findings include that the concept and analysis of value creation through business models need to be expanded with regard to (i) different types of value created with and for different stakeholders and (ii) the resulting value portfolio, i.e., the different kinds of value exchanged between the company and its stakeholders. This paper details the application of the stakeholder value creation framework and its theoretical propositions for the case of business models for sustainability. The framework aims to support theoretical and empirical analyses of value creation as well as the management and transformation of business models in line with corporate sustainability ambitions and stakeholder expectations. Overall, this paper proposes a shift in perspective from business models as devices of sheer value creation to business models as devices that organize and facilitate stakeholder relationships and corresponding value exchanges.

316 citations

Journal ArticleDOI
TL;DR: In this paper, a systematic literature review of the dynamic capabilities for sustainability is presented, with the goal of identifying what kind of dynamic capabilities can be developed to more effectively overcome the emerging sustainability challenges.

312 citations


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Performance
Metrics
No. of papers in the topic in previous years
YearPapers
2023147
2022261
2021321
2020349
2019334
2018300