Topic
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 compare the suitability of the green business case with an opportunity cost based approach for assessing the environmental performance of firms, and argue that corporate environmental strategies need to aim at the creation of environmental value alongside economic value rather than the creating of economic value through environmental management.
135 citations
TL;DR: In this article, the effect of sustainability disclosure regulations on firms' disclosure practices and valuations was examined, and it was found that treated firms significantly increased disclosure relative to propensity score matched control firms, and increased likelihood by treated firms of voluntarily receiving assurance to enhance disclosure credibility.
Abstract: We examine the effect of sustainability disclosure regulations on firms’ disclosure practices and valuations. Specifically, we explore the implications of regulations mandating the disclosure of environmental, social, and governance information in China, Denmark, Malaysia, and South Africa using differences-in-differences estimation with propensity score matched samples. We find that relative to propensity score matched control firms, treated firms significantly increased disclosure following the regulations. We also find increased likelihood by treated firms of voluntarily receiving assurance to enhance disclosure credibility and increased likelihood of voluntarily adopting reporting guidelines that enhance disclosure comparability. These results suggest that even in the absence of a regulation that mandates the adoption of assurance or specific guidelines, firms seek the qualitative properties of comparability and credibility. We do not find any evidence that, on average, the disclosure regulations adversely affected shareholders. Instrumental variables analysis suggests that increases in sustainability disclosure driven by the regulation are associated with increases in firm valuations, as reflected in Tobin’s Q.
135 citations
TL;DR: In this paper, a content analysis of the corporate sustainability reports, other documents and web sites of 14 apparel brands belonging to the Sustainable Apparel Coalition (SAC) was conducted to identify indicators related to sustainability.
Abstract: Purpose – The purpose of this paper is to identify the reported indicators in corporate sustainability reports, other documents and the web sites of 14 apparel brands belonging to the Sustainable Apparel Coalition (SAC). Design/methodology/approach – A content analysis of the corporate sustainability reports, other documents and web sites of the 14 SAC apparel brands was conducted to identify indicators related to sustainability. Qualitative and quantitative data were collected on all reported sustainability initiatives, actions, and indicators. A normative business model was developed for the categorization of the indicators and a cross-case analysis of the apparel brand’s sustainability reporting was conducted. Findings – In total, 87 reported corporate sustainability indicators were identified. The study finds that there is a lack of consistency among them. The majority of the indicators dealt with performance in supply-chain sustainability while the least frequently reported indicators addressed busin...
134 citations
TL;DR: In this article, the authors investigated how the leaders in corporate sustainability in the UK precast concrete industry were managing for sustainability, and found that by adopting a compliance approach, characterised by the development of management systems and continuous performance improvement cultures, the four companies studied were engaged in the activities and developing the capabilities necessary to manage for sustainability.
134 citations
TL;DR: In this paper, the adequacy of business excellence models (BEMs) to address corporate sustainability, which is conceptualised in terms of economic, social, and environmental bottom lines, is explored.
Abstract: The purpose of this paper is to explore the adequacy of business excellence models (BEMs) to address corporate sustainability, which is conceptualised in terms of economic, social, and environmental bottom lines. How organisations may manage corporate sustainability in the absence of a comprehensive sustainability management system standard is also explored. A survey of literature has been carried out. The European Foundation for Quality Management (EFQM) excellence model and the Baldrige Criteria for Performance Excellence (BCPE) are analysed with regard to their considerations of sustainability. The findings reveal that while triple bottom-line considerations are addressed to some extent in the studied BEMs, the models per se do not comprehensively address sustainability issues and economic prosperity remains a dominant consideration. Suggestions for the improvement of the EFQM excellence model and BCPE are discussed. To provide a comprehensive approach for addressing corporate sustainability, an integr...
134 citations