Abstract
During the COVID-19 pandemic, several issues have emerged as important in evaluating firm value and investment-oriented decision making. These issues include supply chain management, human rights, climate change, safety, and environmental risks. This study analyzed the sustainability reports of four business firms, each in four different countries, covering 2005/2006, 2013, and 2020. The analysis revealed similar factors and their dimensions that are critical for effective supply chain management: environmental and public sector issues, collaboration and cooperation with partner organizations, environmentally friendly production and development systems, human-centered operation plans, and risk management. While the study results delineated several key categories, there were variations among the four firms’ sustainability reports, indicating a need for global standards for comparative analysis. This study highlights the importance of sustainability, its effective measurement, and global standards for sustainability reports. As governments put pressure on businesses to demonstrate their commitments to environmental issues, many firms have embraced the concept of corporate social responsibility by practicing socially responsible codes of conduct throughout their supply chains.
Highlights
IntroductionThe social and environmental impact of business activities has garnered much attention in recent decades, facilitating the development of a sustainable environment [1]
The social and environmental impact of business activities has garnered much attention in recent decades, facilitating the development of a sustainable environment [1].Currently, both businesses and social perspectives emphasize sustainability owing to environmental issues
The study explains the reasons for targeting supply chain management (SCM)
Summary
The social and environmental impact of business activities has garnered much attention in recent decades, facilitating the development of a sustainable environment [1]. Both businesses and social perspectives emphasize sustainability owing to environmental issues. Research on sustainability focuses on financial analysis, customer relationships, brand value, supply chain-related activities, and environmental management systems. Sustainable development is a common goal globally [2]. Swedish companies have adopted environmental, social, and corporate governance (ESG). Since the early 1970s when discussions on corporate social responsibility (CSR) first began. China announced, in April 2015, that it would preserve the world’s ecology by establishing an ecological civilization [3]
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