Corporate Sustainability Management Research Articles

시각장애인의 TV홈쇼핑 사용 환경에 관한 연구

Due to the importance of corporate social responsibility and sustainable management, ESG (Environmental, Social, and Governance) management is becoming an essential condition for modern companies. In order to find out how the TV home shopping industry is responding to this social consensus, this study identified the current situation of the TV home shopping experience of the visually impaired. As a research method, this study examined the problems pointed out in previous studies and related media articles on the use of home shopping by the visually impaired, and conducted interviews with officials from seven domestic TV home shopping companies and 10 data home shopping companies to find out how the industry is responding to these problems. Through these interviews, we identified what improvements are needed for TV home shopping platforms that rely on visual elements as the main way to deliver information. Specifically, we found that the use of voice recognition technology, screen reader compatibility, in-broadcast service voice descriptions, expansion of telephone consultation services, and provision of information through alternative text and screen readers should be strengthened. In addition, physical factors such as customized TVs and Relumino assistive devices should be introduced, and real-time communication platforms such as live commerce should be expanded to enhance user engagement. The findings of this study can be utilized as ideas for rethinking the accessibility of TV home shopping experiences for the visually impaired as well as digital services in general.

Integrating sustainability with corporate governance: a framework to implement the corporate sustainability reporting directive through a balanced scorecard

PurposeThe growing importance of environmental, social and governance (ESG) issues, as well as related performance planning, measuring and reporting, has spurred interest in linking corporate sustainability and performance management systems (PMSs). In this context, the aim of this paper is to provide companies with a framework for implementing the requirements of the corporate sustainability reporting directive (CSRD) through a sustainability balanced scorecard (SBSC). The framework will further the integration of sustainability with corporate governance.Design/methodology/approachThe framework was grounded in the relevant literature and the CSRD requirements.FindingsThis paper provides companies with a novel framework for implementing the requirements of the CSRD through a SBSC. The framework specifies four key steps (i.e. identifying material themes, initial assessment, strategic formulation and action, and sustainability reporting) to integrate sustainability with corporate governance.Practical implicationsThe framework supports managers’ decision-making processes in linking sustainability with strategy and providing a basis for integrating sustainability with corporate governance in organizations. The paper provides a way to practically address the CSRD requirements.Originality/valueThis is the first study integrating the emerging CSRD requirements with corporate governance. The paper advances discussion and debate by management scholars on how a SBSC can be practically implemented, providing details on how this may be achieved.

Role of green finance and carbon accounting in achieving sustainability

This study delves into the influence of carbon accounting and green finance on the sustainable development index within a dataset of 500 Chinese publicly listed companies over the period from 2010 to 2020. Leveraging analysis conducted through the fully modified OLS methodology, the research findings unveil that the adoption of carbon accounting positively impacts the sustainable development index among these Chinese-listed firms. However, the number of employees engaged in these companies exhibits an adverse effect on the sustainable development index, and the consumption of resources, including water and electricity, demonstrates an inverse relationship with the overall sustainability of the firms. In light of these findings, the research suggests several central policies to bolster sustainable development. These include expanding green finance markets by harnessing financial technology (fintech) and big data, advancing corporate sustainability management, investing in green energy projects, and establishing an efficient green taxation system.

Corporate management, green finance, and sustainability

This study aimed to assess the impact of green finance and corporate management on China’s sustainable development index from 1990 to 2020 using time series analysis. The findings reveal that a 1% increase in the green financial market corresponds to a 0.31% and 0.69% enhancement in China’s sustainable development index in the short and long-term, respectively. Similarly, a 1% improvement in the corporate governance index is associated with a 0.16% and 0.29% increase in the short- and long-term. Interestingly, the green tax policy, acting as a proxy for green fiscal policy, negatively influences the sustainable development index. Additionally, the poverty rate emerges as a concerning factor hindering sustainable development in China. The policy implications include advocating for the digitalization of green finance, expanding poverty alleviation efforts, reforming the green taxation system, and implementing corporate sustainable management education programs.

Assessment of Economic and Environmental Sustainable Issues in the Mobile Communications Industry in Pakistan

Sustainability concerns related to both the economy and the environment within the mobile communications industry can impact not only the corporation itself but also have repercussions across various sectors. Significantly reducing energy consumption in Telecommunication Power Systems is crucial in telecommunications technologies. This reduction facilitates substantial economic resource savings and aligns with initiatives for achieving sustainable development. Despite the industry's importance, limited scientific attention has been given to economic and environmental sustainability issues. This study employs an integrated framework for corporate sustainable management, encompassing Pakistan's rural and urban areas. The investigation delves into the environmental and economic challenges within the mobile communication industry. Furthermore, an institutional theory focusing on mobile network providers and an economic and environmental management analysis are explored. This study holds significant implications for economists, practitioners, and policymakers involved in the mobile communication industry. The hope is that these findings will serve as a valuable starting point for subsequent practices and research in the realm of sustainability management for telecommunications services.

Book review of: Camilleri, M. A. (2017). Corporate sustainability, social responsibility and environmental management

Book review of: Camilleri, M. A. (2017). Corporate sustainability, social responsibility and environmental management. Cham, Switzerland: Springer International Publishing. ISBN 978-3-319-46849-5

The impact of TQM and green innovation on corporate sustainability: the mediating role of green supply chain management

PurposeThis empirical study aims to investigate the direct and indirect effects among total quality management (TQM), green innovation (GI), corporate sustainability (CS) and green supply chain management (GSCM).Design/methodology/approachThe authors collected data from 120 respondents in the French manufacturing industry using survey questionnaires. The authors used the partial least squares structural equation path modeling (PLS-SEM) to examine the hypotheses of the study.FindingsResults indicate that TQM and GI influences CS, TQM and GI influences GSCM and GSCM influences CS. Furthermore, results show that GSCM mediates the influence of TQM and GI on CS.Research limitations/implicationsThis study helps managers in achieving their sustainability goals. The findings may help managers and practitioners to understand how TQM and GI influences GSCMP and CS, as well as assist manufacturers in identifying practices that need improvement.Originality/valueThis study offers additional value and shows the importance of TQM, GI and GSCM practices on corporate sustainability and the key role played by GSCMP to ensure CS.

Sustaining Performance: A Systematic Review of Urban Corporate Economy's Sustainability Management and Performance

This article consolidates past research to demonstrate that organizations progress toward advanced environmental management stages for corporate sustainability through participatory decision-making. Our contribution reveals the interplay of sustainable development governance, organizational knowledge, sustainable organizational development, and corporate sustainability, shaping environmental and sustainability management. Conducting a quantitative literature review in June 2020, we examined ProQuest, Scopus, and Web of Science databases using keywords like "corporate sustainability," "sustainability management," and "sustainability performance." Among the 338 relevant articles from the last two years, 93 primarily empirical sources were selected, excluding less substantiated or general findings due to space constraints. Future studies should explore how corporate governance, integrated with organizational sustainability practices and performance reporting, influences operational environmental sustainability and fosters a culture of sustainable organizational practices.

Companies Could Benefit When They Focus on Employee Wellbeing and the Environment: A Systematic Review of Sustainable Human Resource Management

Purpose: We reviewed the scholarly literature that examines the role of sustainable practices for employee health and the environment. The study also examined the negative impact of the workplace on the wellbeing of employees and its indirect effect on Sustainable Development Goals (SDGs). Design/methodology/approach: This was a literature review with data from the Scopus scholarly database. We found 65 results from 2008 to 2022. After eliminating duplicates and other search fields, we were left with 30 final documents. Findings: The study provided evidence that sustainable practices in the workplace increase the wellbeing of employees and reduce pollution in the environment, while also benefiting company viability. Research limitations/implications: Using other database sources besides Scopus and Web of Science could yield additional results. Practical implications: The study highlighted the need for organizations to develop sustainable HRM practices to minimize the negative effects on employee wellbeing and capitalize on the savings that are generated through sustainable initiatives. This finding could contribute to better corporate practices and the further development of research in this field. Originality/value: The HRM literature revealed the importance of having employee wellbeing practices which increase work productivity and engagement. This also empirically proved the positive impact of companies that implement sustainable HRM practices. This research provided a theoretical model that depicts the interrelation between corporate viability, employee wellbeing, and sustainable human resource management.

Strategic Management of Corporate Sustainability: Value and Performance Based Sustainable Strategic Management Model

Strategic Management of Corporate Sustainability: Value and Performance Based Sustainable Strategic Management Model

Corporate Social Responsibility: A Business Strategy That Promotes Energy Environmental Transition and Combats Volatility in the Post-Pandemic World

Corporate social responsibility can assist in reducing the noise caused by pricing volatility and a lack of energy-efficient business solutions. The study’s objective is twofold: (i) to investigate the role of corporate social responsibility (CSR) in reducing volatility through the contribution of energy-efficient strategies; (ii) to identify research trends in the field that may indicate future research directions for the development of more dynamic strategies that will help in mitigating the impact of pricing volatility. A five-step bibliometric analysis was applied to address the research question. The findings were visualized by using bibliometric tools such as R Studio, Biblioshiny, and VOSViewer. Chinese academics have been revealed as pioneers in integrating CSR into corporate strategies to reduce volatility and support energy-efficient investments. Moreover, results indicate that financial institutions must embrace a new business model based on both CSR and environmental, social, and corporate governance (ESG) principles. Since very little is known about the interaction structure between CSR and ESG in the mitigation of price volatility, the purpose of this article is to bridge that knowledge gap. The pioneering character of this research—the construction of a business model based on the principles of CSR and ESG—contributes significantly to both the field’s knowledge and the practice of corporate sustainability management.

A systematic literature review approach to explore the relationship between corporate governance mechanisms and sustainable supply chain management

A systematic literature review approach to explore the relationship between corporate governance mechanisms and sustainable supply chain management

Understanding the role of corporate social responsibility and sustainable supply chain management in shaping the consumers' intention to use sharing platforms.

Sustainable supply chain management (SSCM) in sharing economy platforms supports resource management and achieves environmental sustainability. Corporate social responsibility (CSR) is an essential pillar of sustainability, but the link between CSR and SSCM has been missing in the literature. Therefore, the current study intends to examine the connection between CSR and SSCM practices in sharing economy-based platforms. This study has applied the means-end theory to understand customer intention in the sharing economy. The data of 379 respondents from five main cities of Pakistan have been collected through convenience sampling. Partial least square structural equation modeling (PLS-SEM) has been used to test the proposed conceptual model. The study results show that the corporate social responsibility approach adopted by the sharing economy platforms improves internal supply chain management that drives customers’ intention to use sharing economy platforms. Green concern has a significant moderating effect on customers’ tendency toward environmental issues and solutions. However, findings revealed that eco-design in the sustainable supply chain does not affect customer purchase intention in sharing economy platforms. The study findings provide practical implications to organizations focusing on sustainable supply chain management practices in the sharing economy.

Inter-Firm Transfer of Environmental Disclosure in Global Supply Chains

This study investigates the inter-firm transfer of environmental disclosure, a voluntary corporate sustainable practice that improves transparency in global supply chains. Building on the liability of foreignness and organizational learning frameworks, we propose that the strength of the association between the multinational enterprise’s (MNE’s), i.e. buyer’s, disclosure and its foreign supplier’s environmental disclosures is systematically weakened by the cultural, administrative, geographic, and economic distances between the home countries of the firms involved, as these cross-country distances hamper the ability of buyers to efficiently share knowledge and to credibly lead by example. We also postulate that the buyer’s prior supply chain experience in the supplier’s country strengthens the association between buyer’s disclosure and supplier’s disclosure, because previous experience helps buyers to improve their ability to share their expertise and leverage their credibility. By assembling a unique panel dataset of 17,540 cross-border buyer-supplier relationships gathered from Bloomberg databases, we find evidence for the influence of different forms of cross-country distances and the buyer’s prior supply chain experience on the association between the environmental disclosures of buyers and those of their foreign suppliers. Our study contributes to literatures on corporate sustainability, international business, and supply chain management by extending the liability of foreignness concept to global supply chains, demonstrating the important role of supply chains in the inter-firm transfer of corporate sustainability practices.

Analyzing the Concept of Corporate Sustainability in the Context of Sustainable Business Development in the Mining Sector with Elements of Circular Economy

Promoting the concept and principles of sustainable development at the micro level requires that industrial companies understand and improve approaches to managing corporate sustainability. Currently, economics does not provide a universal definition of what corporate sustainability is. With regard to the mining sector, corporate sustainability issues reflecting the viability, value, and sustainable development potential of companies have not yet been studied extensively. The article discusses the conceptual foundations of corporate sustainability; the characteristics and a classification of approaches to defining corporate sustainability; and the relationship between corporate sustainability, sustainable development at the micro level, and circular economy. By analyzing the example of Russia, the influence of the mining industry on the environmental, economic, and social development of both a country with a resource-based economy and individual mining regions is shown from the viewpoint of sustainability. The distinguishing features of mining companies, which include natural capital and mineral assets, are studied in the context of promoting corporate sustainability. It is proven that the effective corporate management of ESG factors results in environmental and social influence that goes in line with sustainable development requirements and serves as a foundation for corporate sustainability. A refined definition of corporate sustainability has been formulated, the specific features of corporate sustainability management in mining companies have been determined, and the specific features of corporate social responsibility have been studied. The issue of integrating circular economy elements into the corporate sustainability concept is discussed, and it is claimed that the inclusion of circular business models in the corporate strategies of mining companies will contribute to their corporate sustainable development and boost their contribution to the achievement of sustainable development goals.

Does Corporate Sustainable Management Reduce Audit Report Lag?

This study empirically analyzes the relationship between corporate sustainable management (CSM) and audit report lag. From the perspective of the agency theory that information asymmetry is resolved through CSM, audit report lag was predicted to decrease and was subsequently analyzed. The analysis results are as follows. First, the relationship between CSM and audit report lag was significant in the negative trend. This means that companies that actively engage in CSM have a shorter audit report lag than those that do not. Second, the relationship between CSM and audit report lag according to auditor size showed a significant negative trend only in the group with a large auditor size. Third, the relationship between CSM and audit report lag according to the quality of earnings showed a significant negative trend only in the group with good earnings. In other words, the relationship between CSM and audit report lag varies depending on the size of the auditor and the quality of earnings. This study is meaningful in that it directly examines the impact of CSM on audit report lag, focusing on the period following the introduction of K-IFRS. The results of this study have important implications for not only managers, but also investors and supervisory institutions, in that CSM not only increases corporate value through improved earnings quality, but also affects the performance of the auditor.

The Effect of Corporate Social Responsibility Compatibility and Authenticity on Brand Trust and Corporate Sustainability Management: For Korean Cosmetics Companies.

The purpose of this study is to examine whether corporate social responsibility (CSR) activities perceived by consumers affect brand trust and corporate sustainability management (CSM). In other words, this study tried to examine whether the compatibility and authenticity of CSR influences brand trust, thereby affecting CSM including economic viability, environmental soundness, and social responsibility. To measure this, an empirical analysis was conducted on 479 consumers who had experience purchasing products from cosmetic companies that are carrying out CSR. As a result of the analysis, it was found that the compatibility and authenticity of CSR have a positive effect on brand trust. Also, it was found that brand trust had a positive effect on social responsibility among the sub-concepts of CSM, but did not affect economic viability and environmental soundness. The results of this study are expected to provide strategic implications for social responsibility performance and brand trust building necessary for cosmetics companies to grow continuously.

Corporate Sustainability and Risk Management—The U-Shaped Relationships of Disaggregated ESG Rating Scores and Risk in the German Capital Market

This study addresses the relationship between the (dis)aggregated ESG rating and different types of risk (i.e., market risk, idiosyncratic risk, total risk) in the German stock market. We investigate not only the overall ESG rating and the E, S, and G pillar scores but also all the underlying category scores. Thereby, we provide in-depth insight into diverse CS operations. We cover 454 firm years (2012–2019) using ordinary least squares regression with firm and year fixed effects. Our main insights are the U-shaped relationships between CS and risk: Ecological investments first decrease systematic risk (beta), while overinvestment increases systematic risk again. Likewise, social investments initially decrease idiosyncratic risk, while overinvestment increases idiosyncratic risk again. Further findings suggest only one linkage between systematic risk and the social pillar score. In the category scores, a few more relevant linkages were identified, which indicates that disaggregation of the ESG ratings increases the explanatory power of models. In respect to findings from other capital markets, it appears that the effects of the ESG ratings on risk may depend on the existing level of sustainability in the capital market. Last, our study provides insights into the nonlinearity of the CS–risk relationships.

기업 간 네트워크 공유가치창출이 지속가능경영성과에 미치는 영향에 대한 연구

This study aims to analyze the effect of creating shared value on corporate sustainability management performance and to examine how the organizational culture as a moderating variable affects between shared value creation and corporate sustainability management performance empirically. A survey research was conducted targeting affiliated companies that are forming business networks in order to collect data suitable for the purpose of this study. The results of empirical analysis highlight that the shared value creation in business network has a positive effect on sustainability management performance, and the finding confirmed the moderating effect of organizational culture on the relationship between shared value creation and sustainability management performance. As a consequence, creating shared value will be an effective strategy for companies forming business networks to achieve long-term growth.

Sustainability assessment of value flow of end consumer’s products and/or services

The purpose of article is to develop an approach to sustainability assessment of value flow of end consumer's products and/or services as a basis for improving the management system of corporate sustainability and sustainable development of economic systems and processes based on the study of patterns of consumer behavior and their decision to purchase products and/ or services. The research hypothesis is based on the assumption that sustainable development of the economy is determined by the sustainability of enterprises generating flows of products and/or services consumed by end consumers focused on receiving value flows. Terminological analysis, methods of grouping, typology and classification chosen as research methods, and binary matrices formed on the basis of qualitative attributes of object and it dichotomies used as tools to substantiate the scientific novelty of research. The following results are obtained in the article: the author's definitions of terms value, value flow, value sustainability and value flow sustainability; main consumption types of products and/or services from the perspective of sustainability; an approach to sustainability assessment of states, feelings and impressions of end consumer as basis for substantiating recommendations to improve the management of corporate sustainability and sustainable development of economic systems and processes.