Abstract
Mounting pressures from society demanding higher standards in business ethics, along with a growing number of consumers and several other market players sensitive to issues concerning corporate social responsibility and sustainable development, have encouraged the adoption of new behaviors by those large-scale retailers seeking to achieve positive business results through economic effectiveness and efficiency while respecting human rights, social balance, and the environment. The present study, through in-depth analysis of business practices of major domestic large-scale retailers, aims to assess, in the context of economic, social, and environmental responsibilities, the various initiatives developed by such retailers with respect to environmental protection.
Highlights
Globalization, alongside a series of other factors such as government demands, information availability, and consumer interest, has led companies to develop and implement corporate policies dealing with corporate social responsibility and sustainable development
Corporate sustainability concerns companies that, during the organization of their activities over the long-term, establish positive relationships with their stakeholders while pursuing their objectives in line with the concept of sustainable development, which aims to meet the needs of the present allowing future generations to meet their own. Those enterprises that embark on the path of sustainable development are those that implement their strategies complying with three fundamental conditions: 1) creation of economic value for themselves and the community; 2) care for the environment through careful evaluation of the environmental impact of all processes, products, and services developed by the company; and 3) satisfaction of social actors, that is to say the ability of the enterprise to ensure, in a fair way, conditions of human well-being (Riboldazzi, 2016)
The present study aims to address the issue of sustainable development and corporate sustainability in large-scale retailers by analyzing their economic, social, and environmental sustainability policies
Summary
Globalization, alongside a series of other factors such as government demands, information availability, and consumer interest, has led companies to develop and implement corporate policies dealing with corporate social responsibility and sustainable development. Corporate sustainability concerns companies that, during the organization of their activities over the long-term, establish positive relationships with their stakeholders while pursuing their objectives in line with the concept of sustainable development, which aims to meet the needs of the present allowing future generations to meet their own Those enterprises that embark on the path of sustainable development are those that implement their strategies complying with three fundamental conditions: 1) creation of economic value for themselves and the community (i.e. economic sustainability); 2) care for the environment through careful evaluation of the environmental impact of all processes, products, and services developed by the company (i.e. environmental sustainability); and 3) satisfaction of social actors, that is to say the ability of the enterprise to ensure, in a fair way, conditions of human well-being (i.e. social sustainability) (Riboldazzi, 2016). The environmental sustainability initiatives of the Carrefour Group, which is second in the world and the first in Europe in terms of revenues, were analyzed
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