Protecting an organizations capital base is a wellaccepted business principle. Theres opportunity in an economy that produces and consumes less. International journal of innovation and sustainable development, 6, 95119. Public policies on corporate social responsibility. The international journal of entrepreneurship and innovation, 183.
A heuristic model for establishing tradeoffs in corporate sustainability performance measurement systems. The reasons for this are the huge financial, social and environmental benefits. Sustainability provides an advanced forum for studies related to sustainability. Corporate responsibility or sustainability is therefore a prominent feature of the business and society. The business of sustainability 101 integrated sustainability into strategic planning, versus 53 percent of all other respondents. Clarifying the meaning of sustainable business build. Compared with the integration of sustainability into other processes, however, the leaders supply chains and budgets are less integrated. The world business council for sustainable development in its publication. These require sophisticated, sustainabilitybased management.
Background concern about sustainability is almost as old and enduring as the dismal science itself, even though the word itself has come into fashion only in the past decade or so. Sustainability provides an advanced forum for studies related to sustainability and sustainable development, and is published. The online survey was in the field from july 12 to july 22, 2011, and received responses from 3,203 executives representing the full range of regions, industries, tenures, company sizes, and. Although the concept acknowledges the need for profitability, it differs from the traditional growth and profitmaximization model in that it places a much greater emphasis on environmental, social, and economic performance, and the public reporting on this performance. Journal of sustainability and green business aabri. Published by the canadian center of science and education, jms aims to provide an avenue for highquality research in the fields of environmental sustainability, corporate. A read is counted each time someone views a publication summary such as the title, abstract, and list of authors, clicks on a figure, or views or downloads the fulltext. A framework for strategic sustainability in organizations. Corporate social responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality. She also holds the taylormingay chair in business sustainability. In research, the concept of corporate sustainability is still developing. It has been accepted for inclusion in journal of environmental sustainability by an authorized administrator of rit scholar works. Investing in sustainability is not only a risk management tool. Ualbertas sustainability plan sustainability at the university of alberta the definition of sustainability is broad, and the world is a big, diverse places.
Taking this broader view of business sustainability is important both because its the right thing to do, but also because it serves a companys longterm commercial interests. Recommended citation schroeder, harold 2012 the importance of human resource management in strategic sustainability. Discussing sustainability in business context and in. See the aims and scope for a complete coverage of the journal. Business sustainability an introductory guide to help you explore some important considerations about business sustainability and the environment for your business business sustainability and the environment are important topics that all business owners should take into consideration when running their business. Using philanthropy to enhance competitive context aligns social and economic goals and improves a company. Corporate responsibility or sustainability is therefore a prominent feature of the business and society literature, addressing topics of business ethics. A corporate model of sustainable business practices. Integrating sustainability into business practices. Corporate social responsibility and sustainable business. On the contrary, academic research and business experience point to quite the opposite. Sustainability free fulltext designing the business.
She is interested in how time, space, and scale can shed light on business strategy to contribute to sustainability. European journal of business and innovation research vol. The working paper concludes that the emergent business history literature needs to be incorporated in the wider management literatures on sustainability, and the issue of business and sustainability deserves to become a central issue, rather than a marginal one, in the discipline of business history. The journal of sustainability education jse serves as a forum for academics and practitioners to share, critique, and promote research, practices, and initiatives that foster the integration of economic, ecological, and socialcultural dimensions of sustainability. The authors analyze different csr public policies adopted by european governments to promote responsible and sustainable business practices. For most, the concept remains abstract and theoretical. Assistant professor, department of business and sustainability, teri school of advanced studies. As a contrast, this paper argues that business model innovations may be required to support a systematic, ongoing creation of business cases for sustainability. Towards a theoretical integration of sustainability clute journals. All journal articles featured in journal of businesstobusiness marketing vol 27 issue 2. Corporate sustainability is a new and evolving corporate management paradigm. All articles are published in pdf format and require a pdf reader.
The era of corporations integrating sustainable practices is being surpassed by a new age of corporations actively transforming the market to make it more sustainable. Academic assist critical analysis of marks and spencers. Issn 20534027online sustainability often regarded as the integration of three performance areas. The aim of the journal of environmental sustainability is to serve as a bridge between academic and practitioner communities and guide policy and management practice to achieve environmental sustainability.
Most organizations can be placed somewhere in between. However, the global shift from one model of economy to another also concerns smaller. The existence of a business case for sustainability is, however, mostly seen as an ad hoc measure, a supplement to the core business, or simply a coincidence. Indonesian journal of applied business and economic research. When companies fail to assume responsibility, the opposite can happen, leading to issues like environmental degradation, inequality, and social injustice. Business organizations are considered as a significant stakeholder with a potential to contribute to sustainable development. Journal of environmental sustainability rochester institute. May 01, 2012 the existence of a business case for sustainability is, however, mostly seen as an ad hoc measure, a supplement to the core business, or simply a coincidence. That said it might be seen to provide a lens which other companies can use to reflect on the business benefits and the potential pitfalls in looking to embed sustainability within their brands. In addition, there are relevant theoretical underpinnings and empirical studies that have often used other. More companies are managing sustainability to improve processes, pursue growth, and add value to their companies rather than focusing on reputation alone. The impact of corporate sustainability on organizational.
The importance of human resource management in strategic. Home journal of management and sustainability ccse. Pratima bansal is the canada research chair in business sustainability at the ivey business school, western university london, canada. Business sustainability, also known as corporate sustainability, is the management and coordination of environmental, social and financial demands and concerns to. All journal articles featured in journal of business to business marketing vol 27 issue 2. Click on the manuscript name below to read the articles from the journal of sustainability and green business.
Sustainability news from the, including the latest news, articles, quotes, blog posts, photos, video and more. In this background, the present paper focuses on the concept of business sustainability and challenges for implementing the business case for sustainability. Business strategy for sustainable development iisd. Business sustainability, also known as corporate sustainability, is the management and coordination of environmental, social and financial demands and concerns to ensure responsible, ethical and ongoing success. Creating value for business, society and the environment article pdf available september 2017 with 2,685 reads how we measure reads.
Pdf on jan 1, 2015, magdalena ziolo and others published business and. Business and sustainability harvard business school. The journal of sustainability education jse serves as a forum for academics and practitioners to share, critique, and promote research, practices, and initiatives that foster the integration of economic, ecological, and socialcultural dimensions of sustainability within formal and nonformal educational contexts. Sep 22, 2017 todays corporations are increasingly implementing responsible behaviours as they pursue profitmaking activities. The concept of sustainable development has undergone various developmental phases since its introduction. Companies like intel, nike, unilever, walmart and dupont are making sustainability practices a core part of business. Defining sustainability in meaningful ways for educators. For example, 68 percent of business leaders with sustain. Strategies for small business sustainability scholarworks. The concept of sustainable development has received growing recognition, but it is a new idea for many business executives.
The role of business model innovation for corporate sustainability. Redesigning products to meet environmental standards or. Sep 05, 2014 taking this broader view of business sustainability is important both because its the right thing to do, but also because it serves a companys longterm commercial interests. Sustainability is becoming more important for all companies, across all industries. More specifically, the research seeks to analyze the unfolding of socioenvironmental initiatives in the corporate business and the adoption of reports on sustainability indicators, highlighting the challenges involved in these issues. The world economic forums white paper amplifies this more integrated understanding of business sustainability, drawing on a network of experts in different fields. The impact of sustainability practices on corporate financial.
What is business sustainability and why is it important. Pdf the positive impact of recent economic growth has been observed in. The impact of corporate sustainability on organizational processes and performance robert g. Csr policy functions as a builtin, selfregulating mechanism whereby business monitors and ensures its. A total of 2 papers from toptier journals are shortlisted. Simply put, sustainability is a business approach to creating longterm value by taking into consideration how a given. Companies tend to focus on their toptier suppliers, but the real risks come lower down. Switching from the current linear model of economy to a circular one has recently attracted increased attention from major global companies e. Todays corporations are increasingly implementing responsible behaviours as they pursue profitmaking activities. Sustainability drivers, such as footprint reduction, poverty alleviation, fair distribution, waste reduction and transparency, and their associated business strategies understood as clean technology, sustainability vision, pollution prevention and product stewardship can take forward the creation of sustainable value for the business.
We find that 78% of publications report a positive relationship between corporate. In 2010, the academic advisory committee for the office of sustainability. Yet executives are often reluctant to place sustainability core to their companys business strategy in the mistaken belief that the costs outweigh the benefits. Business sustainability requires an understanding of sustainability theories, standards, risks, performance, and their integration into the corporate culture and business model and academic research as presented in fig. For sustainability to remain a relevant, useful tool, it is important that it adapt to the local context.
The historical development of the concept saw participation of various organizations and institutions, which nowadays work intensely on the implementation of its principles and objectives. Porter and kramer, 2006 in referring to longterm business prospects, they are clearly alluding to business sustainability. The survey on corporate sustainability management in austria, with focus on smaller. Corporate social responsibility and sustainability. For the business enterprise, sustainable development means adopting business strategies and activities that meet the needs of the enterprise and its stakeholders. Oct 21, 2016 investing in sustainability is not only a risk management tool. Sustainability award at the national business awards in 2012 thomas, 2012. Redesigning products to meet environmental standards or social needs offers new business opportunities. The goal of a sustainable business strategy is to make a positive impact on either one of those areas. Some people restrict sustainability to environmental issues, and others use it synonymously with corporate social responsibility. Journal of comparafive internafional management 16. Eccles, ioannis ioannou, and george serafeim abstract we investigate the effect of corporate sustainability on organizational processes and performance.
653 309 851 302 914 876 389 420 247 845 1081 1482 348 1544 582 1280 1604 175 1313 1384 1636 1632 95 164 1408 1308 393 654 855 269 872 97 299 154 177