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Corporate sustainability

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22: 108:(CPI). And there are many different definitions of sustainability applied to and used by companies. It remains difficult to say whether a company or other actor is operating sustainably or not because "there is no generally accepted set of indicators that could clearly delineate a status of sustainability from one of unsustainability. Therefore, the global status of sustainability, as well as the exact status of different actors, such as countries, companies, or individuals, is almost impossible to measure." 1228: 2239: 2251: 2300: 97:"Triple bottom line" proposes that business goals were inseparable from the societies and environments within which they operate. While short-term economic gains could be pursued, failure to account the social and environmental impacts of these pursuits is believed to make those business practices unsustainable. 48:(CSR), though the two are not the same. Bansal and DesJardine (2014) state that the notion of 'time' discriminates sustainability from CSR and other similar concepts. Whereas ethics, morality, and norms permeate CSR, sustainability only obliges businesses to make intertemporal trade-offs to safeguard 41:, and proper employee development within business organizations. Firms will often express their commitment to corporate sustainability through a statement of Corporate Sustainability Standards (CSS), which are usually policies and measures that aim to meet, or exceed, minimum regulatory requirements. 127:
Similar to the eco-efficiency concept but so far less explored is the second criterion for corporate sustainability. Socio-efficiency describes the relation between a firm's value added and its social impact. Whereas, it can be assumed that most corporate impacts on the environment are negative
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Both eco-efficiency and socio-efficiency are concerned primarily with increasing economic sustainability. In this process they instrumentalise both natural and social capital aiming to benefit from win-win situations. Some point towards eco-effectiveness, socio-effectiveness, sufficiency, and
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proposes that by having an engaging environment within a company and within the community it operates will improve performance and increase profits. This can be attained through open communications with stakeholders characterized by high levels of information disclosure, clarity, and
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The idea of meeting present economic needs without reducing the ability of future generations to meet their own economic needs became a popular approach in the business world's implementation of sustainable development, referred to as "corporate sustainable development."
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is an approach aiming to create long-term stakeholder value through the implementation of a business strategy that focuses on the ethical, social, environmental, cultural, and economic dimensions of doing business. The strategies created are intended to foster longevity,
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Theorists agree that respect for issues other than economics is an important matter. The Business Case for Sustainability (BCS) has had many different approaches for ways to approve or disapprove the economic rationale for corporate sustainability management.
21: 128:(apart from rare exceptions such as the planting of trees) this is not true for social impacts. These can be either positive (e.g. corporate giving, creation of employment) or negative (e.g. work accidents, human rights abuses). 82:, defined sustainable development as "development that meets the needs of the present without compromising the ability of future generations to meet their own needs. It contains within it two key concpets: 341:
Ashrafi, M.; Adams, M.; Walker, T. R.; Magnan, G. (17 November 2018). "How corporate social responsibility can be integrated into corporate sustainability: a theoretical review of their relationships".
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Envisioning the future enables companies to generate fresh ideas for implementation. These ideas can either reduce productions costs, increase profits, or provide a better image for the organization.
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is attained when a company educates its employees and outside stakeholders (customers, suppliers, and the entire community) and move them to act on matters such as waste reduction or
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Salzmann, Oliver; Ionescu-somers, Aileen; Steger, Ulrich (1 February 2005). "The Business Case for Corporate Sustainability:: Literature Review and Research Options".
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Ashrafi, Mehrnaz; Acciaro, Michele; Walker, Tony R.; Magnan, Gregory M.; Adams, Michelle (20 May 2019). "Corporate sustainability in Canadian and US maritime ports".
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Schnackenberg, A.; Tomlinson, E. (2014). "Organizational Transparency: A New Perspective on Managing Trust in Organization-Stakeholder Relationships".
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Grimm, Jörg H.; Hofstetter, Joerg S.; Sarkis, Joseph (20 January 2016). "Exploring sub-suppliers' compliance with corporate sustainability standards".
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found that companies with a high number of female board members were more likely to reduce their environmental impact and improve energy efficiency.
937:"Strengthen Your Business by Developing Your Employees", by Leslie Levine—Business Resources, Advice and Forms for Large and Small Businesses, 2010 89:"the idea of limitations imposed by the state of technology and social organization on the environment's ability to meet present and future needs." 100:
Whether corporate sustainability can be measured remains contested. There are composite measures that include measures of environmental, social,
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van Marrewijk, Marcel (1 May 2003). "Concepts and Definitions of CSR and Corporate Sustainability: Between Agency and Communion".
86:"the concept of 'needs', in particular the essential needs of the world's poor, to which overriding priority should be given; and 1787: 2206: 980: 924: 641: 608: 290: 556:
Montiel, Ivan; Delgado-Ceballos, Javier (June 2014). "Defining and Measuring Corporate Sustainability: Are We There Yet?".
686:"Can businesses move beyond efficiency? The shift toward effectiveness and equity in the corporate sustainability debate" 2189: 2067: 1987: 1827: 1802: 685: 1736: 1244: 1138: 1063: 454: 2115: 2072: 1312: 973: 216: 65: 941: 2110: 1792: 1721: 1660: 1453: 1345: 1239: 1148: 45: 2032: 1930: 1465: 1249: 936: 933:
Werbach, Adam. Strategy for Sustainability: a Business Manifesto. Boston, Mass.: Harvard Business, 2009. Print.
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is usually calculated as the economic value added by a firm in relation to its aggregated ecological impact.
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Bansal, Pratima (2005). "Evolving Sustainably: A Longitudinal Study of Corporate Sustainable Development".
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Organizational Change for Corporate Sustainability: A Guide for Leaders and Change Agents of the Future
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Dočekalová, M. P.; Kocmanová, A. (2016). "Composite indicator for measuring corporate sustainability".
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The most broadly accepted criterion for corporate sustainability constitutes a firm's efficient use of
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Dyllick, Thomas; Hockerts, Kai (March 2002). "Beyond the business case for corporate sustainability".
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eco-equity as four criteria that need to be met if sustainable development is to be reached.
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Dyllick, T.; Hockerts, K. (2002). "Beyond the business case for corporate sustainability".
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Sustainability management: global perspectives on concepts, instruments, and stakeholders
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Business strategy that focuses on sustainability as a core aspect of the business
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Eco-Efficiency by Eco-Controlling: On the Implementation of Emas and ISO 14001
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In Search of the Triple Bottom line – Case Studies in Corporate Sustainability
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The Harvard Law School Program on Corporate Governance Discussion Paper
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Atkinson, Giles (March 2000). "Measuring Corporate Sustainability".
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International Journal of Sustainable Development & World Ecology
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Dunphy, Dexter Colboyd; Griffiths, Andrew; Benn, Suzanne (2003).
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promoting corporate responsibility and sustainable development.
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A a 2012 study by the University of California Berkeley's
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World Commission on Environment and Development (1991) .
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UN Conference on the Human Environment (Stockholm 1972)
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Bansal, Pratima; DesJardine, Mark R. (February 2014).
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International Society of Sustainability Professionals
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Short-termism is the bane of sustainability. 2179:Rio Declaration on Environment and Development 212:Environmental, social and corporate governance 1281: 981: 885: 636:. vdf, Hochschulverlag AG an der ETH ZĂĽrich. 632:Schaltegger, Stefan; Sturm, Andreas (1998). 995: 683: 406:"Business sustainability: It is about time" 279:Purkayastha, Debapratim (1 February 2019). 278: 60:The phrase is derived from the concept of " 2250: 1288: 1274: 988: 974: 2190:Convention on Biological Diversity (1992) 421: 2218:UN Conference on Sustainable Development 827: 104:, and economic performance, such as the 20: 140:Principles for corporate sustainability 2313: 1788:Corporate environmental responsibility 477: 1269: 969: 867:Business Strategy and the Environment 693:Business Strategy and the Environment 659:Business Strategy and the Environment 384: 2161:Brundtlandt Commission Report (1983) 598: 804: 738: 387:"Social Responsibility Resolutions" 13: 1803:Environmental full-cost accounting 1295: 14: 2332: 1737:Run-of-the-river hydroelectricity 953: 378: 2298: 2249: 2238: 2237: 2207:UN Millennium Declaration (2000) 1227: 1226: 805:Tom, Pamela (15 November 2012). 217:Index of sustainability articles 1793:Corporate social responsibility 1722:Ocean thermal energy conversion 1661:Community-supported agriculture 1346:Human impact on the environment 798: 773: 711: 677: 625: 592: 549: 174:Diversity, Equity and Inclusion 46:corporate social responsibility 2033:Socially responsible marketing 558:Organization & Environment 514: 471: 438: 397: 334: 299: 272: 229: 1: 2224:Sustainable Development Goals 2028:Socially responsible business 543:10.1016/j.ecolind.2015.10.012 364:10.1080/13504509.2018.1471628 328:10.1016/j.jclepro.2014.11.036 308:Journal of Cleaner Production 258:10.1016/j.jclepro.2019.02.098 238:Journal of Cleaner Production 222: 106:Complex Performance Indicator 480:Strategic Management Journal 285:. IBS Case Research Center. 7: 2053:Sustainability organization 1838:Standards and certification 1429:Social return on investment 720:European Management Journal 449:. Oxford University Press. 185: 10: 2337: 1478:Systemic change resistance 888:Journal of Business Ethics 821: 603:. Fellbach: Hahn RĂĽdiger. 2233: 2144: 2081: 1853: 1780: 1689: 1656:Climate-smart agriculture 1641: 1613: 1570: 1524: 1491: 1364: 1321: 1303: 1222: 1004: 732:10.1016/j.emj.2004.12.007 55: 1798:Environmental accounting 1547:Sustainable architecture 1537:Environmental technology 1245:Aspects of organizations 785:European Investment Bank 759:10.1177/0149206314525202 570:10.1177/1086026614526413 423:10.1177/1476127013520265 111: 50:intergenerational equity 34:Corporate sustainability 1671:Sustainable agriculture 1139:Social entrepreneurship 900:10.1023/A:1023331212247 179:Haas School of Business 62:sustainable development 2214:(Rio+10, Johannesburg) 2083:Sustainable management 2068:Urban drainage systems 1808:Environmental planning 1772:Water recycling shower 1762:Tidal stream generator 1557:Sustainable industries 1516:Sustainable population 1501:Demographic transition 1483:Tragedy of the commons 1240:Aspects of occupations 850:10.1080/09640560010694 599:Hahn, RĂĽdiger (2022). 410:Strategic Organization 155:Stakeholder engagement 30: 25:A 2014 session by the 2106:Humanistic capitalism 1921:Environmental finance 1562:Sustainable packaging 1250:Aspects of workplaces 1149:Social responsibility 747:Journal of Management 523:Ecological Indicators 385:Hirst, Scott (2016). 74:Brundtland Commission 24: 2321:Sustainable business 2073:Urban infrastructure 1767:Water heat recycling 1590:Conservation biology 1434:Steady-state economy 1409:Micro-sustainability 1394:Ecological footprint 1351:Planetary boundaries 919:. Psychology Press. 192:Sustainable business 102:corporate governance 2174:Earth Summit (1992) 1828:Metrics and indices 1681:Sustainable fishery 1600:Holocene extinction 1419:Product stewardship 1389:Earth Overshoot Day 842:2000JEPM...43..235A 535:2016EcInd..61..612D 356:2018IJSDW..25..672A 320:2016JCPro.112.1971G 250:2019JCPro.220..386A 197:Sustainable finance 1633:Sustainable energy 1595:Endangered species 1552:Sustainable design 1466:Consumer behaviour 1231:See also templates 207:EthicalQuote (CEQ) 70:triple bottom line 31: 2286: 2285: 2212:Earth Summit 2002 2195:Lisbon Principles 2167:Our Common Future 1845:Sustainable yield 1651:Civic agriculture 1404:Green consumption 1341:Global governance 1263: 1262: 944:Web. 1 July 2010. 926:978-0-415-28740-1 643:978-3-7281-2415-9 610:978-3-9823211-0-3 447:Our common future 292:978-81-314-2847-4 161:energy efficiency 79:Our Common Future 2328: 2303: 2302: 2301: 2294: 2253: 2252: 2241: 2240: 2185:Agenda 21 (1992) 2156: 2121:Natural resource 2008:Organic movement 1983:Impact investing 1702:Hydroelectricity 1676:Sustainable diet 1628:Renewable energy 1623:Carbon footprint 1605:Invasive species 1542:Natural building 1493:World population 1454:Marketing myopia 1414:Over-consumption 1384:Circular economy 1379:Anti-consumerism 1336:Environmentalism 1290: 1283: 1276: 1267: 1266: 1255:Corporate titles 1230: 1229: 1064:Machiavellianism 990: 983: 976: 967: 966: 930: 911: 882: 861: 815: 814: 813:. 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Index


United Nations Conference on Trade and Development
transparency
corporate social responsibility
intergenerational equity
sustainable development
Elkington's
triple bottom line
Brundtland Commission
Our Common Future
corporate governance
natural capital
eco-efficiency
Transparency
Stakeholder engagement
energy efficiency
Thinking ahead
Haas School of Business
Sustainable business
Sustainable finance
Project finance
EthicalQuote (CEQ)
Environmental, social and corporate governance
Index of sustainability articles
Bibcode
2019JCPro.220..386A
doi
10.1016/j.jclepro.2019.02.098
S2CID
159125203

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