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 assess the economic relationship between two types of sustainability activities (lower-and higher-order) derived from the sustainability value framework of Hart and Milstein (2003) and find that both types of activities are similarly associated with firms' financial performance in terms of direction and trend.
Abstract: While many company managers and academic researchers have argued that businesses that develop a sustainability focus also may improve their financial performance, little information is known about whether firms' different types of sustainability activities are related to varying degrees of financial gain. This paper assesses the economic relationship between two types of sustainability activities – lower- and higher-order – derived from the sustainability value framework of Hart and Milstein (2003). Our analysis reveals that both types of sustainability activities are similarly associated with firms' financial performance in terms of direction and trend. However, the average level of financial benefits related to firms' higher-order sustainability activities (which develop new products and processes) is greater than the average level of financial benefits related to firms' lower-order sustainability activities (which modify existing products and processes). These findings offer initial evidence that companies that reach further by developing higher-order sustainability activities may reap greater financial benefits, while improving the natural environment to a greater degree. Copyright © 2012 John Wiley & Sons, Ltd and ERP Environment.
83 citations
TL;DR: In this article, the performance of the Dow Jones Sustainability Asia Pacific index (DJSI-AP) was analyzed and the results indicated that the social and environmental screening process neither represents a burden of cost generation for companies, nor an additional burden on their SRI financial performance.
83 citations
Book•
19 May 2012
TL;DR: In this paper, the authors present a taxonomy of green business models and present a survey on Green Business Model Transformations, a framework for managing green business model transformations for management practice.
Abstract: Part I - Introduction.- The Emergence of Green Business Models.- Purpose of this Work and Research Approach.- Part II - Theoretical Foundation of Green Business Model Transformations.- Environmental Sustainability in Business.- The Business Model Concept as a Unit of Analysis for Management Science.- Towards a Taxonomy of Green Business Models.- Organisations, Change, and Innovation.- Part III - Towards a Practical Management Approach.- A Survey on Green Business Model Transformations.- Managerial Implications of Survey Results.- Managing Green Business Model Transformations - A Framework for Management Practice.- Part IV - Conclusion and Outlook.- Conclusion and Outlook.
83 citations
TL;DR: In this paper, the authors integrate scholarship on employees' PEBs and the Russian cultural context to offer theory regarding three potentially important antecedents of PEBs: top management commitment to sustainability, the immediate manager's environmental leadership, and the employee's motivation.
Abstract: Despite Russia’s large ecological footprint, there has been limited examination of environmental sustainability initiatives in Russian corporations Drawing on research on the importance of employee-level behaviors for the success of corporate sustainability initiatives, we focus on the proenvironmental behaviors (PEBs) of Russian employees We integrate scholarship on employees’ PEBs and the Russian cultural context to offer theory regarding three potentially important antecedents of employees’ PEBs: top management commitment to sustainability, the immediate manager’s environmental leadership, and the employee’s motivation Using self-report data from management development program attendees in Russia (N = 165), we examined the links between these factors and employees’ PEBs We also tested whether top management commitment moderated the impact of immediate managers’ leadership on employees’ PEBs We found that the immediate manager’s active environmental leadership (ie, transformational, contingent reward, and active management by exception) was positively related to employees’ PEBs Managers’ passive-avoidant environmental leadership (ie, passive management by exception and laissez-faire) was negatively related to PEBs, but only when top management was committed to sustainability Employees’ motives were linked to PEBs, but the nature of the relationship varied across motives External motivation was negatively related to PEBs, suggesting that using rewards to motivate PEBs may be detrimental Motivation that came from a desire to fulfill one’s values or avoid feeling bad about oneself was positively associated with PEBs Our work provides a foundation for future research on PEBs in Russia, and suggests new directions for research on employees’ PEBs in other settings
83 citations
TL;DR: In this paper, the authors proposed a use of Data Envelopment Analysis (DEA) for assessing the corporate sustainability of the U.S. petroleum industry in terms of their operational and environmental achievements.
83 citations