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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.
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TL;DR: In this article, the authors argue that the majority of the current approaches in research on corporate sustainability are inconsistent with the notion of sustainable development and propose an inclusive notion of profitability that reflects the return on all forms of environmental, social, and economic capital used by a firm.
Abstract: We argue that the majority of the current approaches in research on corporate sustainability are inconsistent with the notion of sustainable development. By defining the notion of instrumentality in the context of corporate sustainability through three conceptual principles we show that current approaches are rooted in a bounded notion of instrumentality which establishes a systematic a priori predominance of economic organizational outcomes over environmental and social aspects. We propose an inclusive notion of profitability that reflects the return on all forms of environmental, social, and economic capital used by a firm. This inclusive notion of corporate profitability helps to redefine corporate profitability as if sustainability matters in that it overcomes the bounded instrumentality that impairs current research on corporate sustainability. We apply this notion to different car manufacturers and develop conceptual implications for future research on corporate sustainability.
189 citations
TL;DR: In this article, the implications for global environmental change of the rising power and authority of big brand companies as global environmental governors are discussed, and the importance of a co-regulatory governance approach that includes stronger state regulations, sustained advocacy, more responsible individual consumerism, and tougher international legal constraints to go beyond the business gains from big brand sustainability to achieve more transformational, 'absolute' global environmental progress.
Abstract: A B S T R A C T This article introduces and evaluates the implications for global environmental change of the rising power and authority of big brand companies as global environmental governors. Contributing to the private governance literature and, in particular, addressing the gap in this research with respect to the political implications of individual firm ‘buyer power’, the article provides evidence and analysis of how big brand sustainability is altering the power relations within global supply chains, and the governance prospects and limits of this trend. The authors argue that recent brand company efforts through their global supply chains, while still a long way off from their goals, are achieving environmental gains in product design and production. Yet, these advances are also fundamentally limited. Total environmental impacts of consumption are increasing as brand companies leverage corporate sustainability for competitive advantage, business growth, and increased sales. Big brand sustainability, while important, will not on its own resolve the problems of global environmental change. In conclusion, the article highlights the importance of a co-regulatory governance approach that includes stronger state regulations, sustained advocacy, more responsible individual consumerism, and tougher international legal constraints to go beyond the business gains from big brand sustainability to achieve more transformational, ‘absolute’ global environmental progress.
189 citations
TL;DR: In this article, the authors compare the sustainability disclosure methods of the two most widely employed indexes/instruments (DJSI World and GRI•G3 Guidelines) and conclude that the newly created triple bottom line reporting practices need to undergo further standardization and enforcement to avoid, or give early warnings about, future corporate mismanagement that leads to socioeconomic consequences detrimental to investors and consumers in general.
Abstract: Purpose – The purpose of this paper is to compare the sustainability disclosure methods‐instruments practiced by the two most widely employed indexes/instruments (DJSI World and GRI‐G3 Guidelines). The paper suggests that the newly created triple bottom line (TBL) reporting practices need to undergo further standardization and enforcement to avoid, or give early warnings about, future corporate mismanagement that leads to socio‐economic consequences detrimental to investors and consumers in general.Design/methodology/approach – This paper utilizes sample firms from the DJSI World Index and the GRI‐G3 Sustainability Guidelines membership list to draw inferences on sustainability indicators of performance. The authors compare the GRI reporting guidelines with the disclosure indicators of the DJSI World.Findings – The authors' findings suggest that TBL reporting has made enormous progress over the last two decades. However, the two widely used sustainability reporting instruments/indexes (DJSI World and GRI‐...
188 citations
TL;DR: This study proposes a social sustainability attribute decision framework to evaluate and select socially sustainable suppliers and a case study of an Iranian manufacturing company is used to exemplify the applicability and suitability of the proposed social sustainability decision framework.
Abstract: Organisational and managerial decisions are influenced by corporate sustainability pressures. Organisations need to consider economic, environmental and social sustainability dimensions in their de...
187 citations
TL;DR: In this article, the authors investigated the factors involved in the successful implementation of corporate sustainability strategy and provided new insights concerning how the gap between the formulation and the implementation of Corporate sustainability strategy may be bridged.
186 citations