Sustainable Development Of Enterprises Research Articles

Методичний підхід до оцінювання соціальної відповідальності підприємства в умовах інноваційності бізнесу

The article is devoted to developing a methodological approach to assessing the social responsibility of an enterprise in the context of business innovation. It is noted that corporate social responsibility (CSR) is a dynamic process of innovation that transforms social needs into new business opportunities. CSR can be considered a set of states that reflect the constant renewal and improvement of an enterprise’s social practices. In the context of innovative business, social responsibility acts as a strategic direction of development that allows an enterprise to achieve economic goals and solve urgent social problems that contribute to creating a sustainable competitive advantage through satisfying social needs. It is proved that CSR acts as an evolutionary characteristic of a business entity that requires systematic monitoring to determine the adequacy of its manifestations and is integrated into the system of indicators of sustainable development of enterprises, covering economic, environmental, and social aspects of the functioning of the enterprise, and is reflected in the results of regular dialogue with external stakeholders. As an integral part of strategic management, SVP is subject to constant updating and adaptation to changes in the external environment, and the procedure for determining its level is proposed to be carried out according to the appropriate algorithm, which allows making final decisions on a set of measures to increase the level of SVP. An object-subject approach to the mechanism for forming information support for social responsibility of transport enterprises in the context of business innovation is substantiated, which allows considering this approach as the interaction of various elements of the system, determining the main subjects and their functions, identifying objects of information support, determining mechanisms for interaction between subjects and objects, ensuring effective communication between all stakeholders on issues of social responsibility and using the information obtained to make informed decisions on the further development of social responsibility of enterprises. Conclusions. The proposed methodological approach to assessing the social responsibility of enterprises is an integral part of modern business (especially in the context of its innovativeness), as it allows for an objective assessment of the social responsibility of enterprises regardless of their size, creates a basis for comparison, which helps enterprises identify their strengths and weaknesses in the social sphere, develop effective strategies for ensuring a high level of competitiveness, which contributes to the sustainable development of enterprises. Keywords: enterprise, social responsibility, stakeholders, approach, business innovativeness.

Three Issues of Data Compliance Governance in China Based on Case Analysis

With the rapid development of China’s digital economy and increasingly stringent global data protection regulations, corporate data security and compliance have become key factors that determine the competitiveness and sustainable development of enterprises. However, China’s data compliance governance still faces three main challenges: inadequate self-regulation of corporate data compliance, imperfect internal management system, and the risk of violations throughout the entire data lifecycle. To address these issues, China needs to comprehensively improve data security and compliance of Chinese enterprises by improving the system to strengthen corporate behavior guidance, intensifying internal compliance mechanisms, and identifying the compliance process for data processing. Based on the world’s most typical legal systems related to data security and corporate compliance, and drawing on local Chinese judicial cases, this paper provides an in-depth analysis of the current challenges faced by Chinese enterprises in data security compliance. Finally, the paper explores and proposes a comprehensive governance path. Through the implementation of the comprehensive measures proposed in this study, Chinese enterprises now have practical guidance in the increasingly complex data security environment, thereby promoting their stable and sustainable development. Keywords: Data Compliance, Chinese Enterprises, Corporate Governance, Information Security, Compliance

Сучасні аналітичні інструменти відповідального ведення бізнесу та впровадження стандартів єс для сталого розвитку в агропродовольчому секторі

Directions for ensuring the agricultural sector’s functioning in full-scale war conditions require modern analytical tools. They should be aimed at preserving the chain’s efficiency: “production – processing – storage – supply of food products to the population”. In the conditions of post-war recovery, by EU requirements, it is necessary to provide a digital platform for business analytics and subsequently diversify the development of agricultural production based on sustainable development, environmental friendliness, and circularity, increase the capitalization and investment attractiveness of enterprises, the formation of competitive market institutions, which will involve increasing the efficiency of agricultural production management of resources, strengthening of food security of the state, development of multi-organization, increase of export of goods with higher added value, provision of comfortable living conditions in the countryside. The significance of implementing the EU directive on the proper verification of the sustainable development of agricultural and food enterprises, considering environmental and social standards, cannot be overstated. This directive provides a framework for due Diligence tools, which are crucial for checking the economic activity of a food company and stages of Due Diligence diagnostics, measures for assessing the business reputation of a food company. In the work, a thorough analysis and assessment of the risks that arose during the martial law in Ukraine was carried out, an example of a Due Diligence B2B case is given – the merger of agro-food companies in the agricultural sector. The components of technical, commercial, operational and ESG verification, risk management components, business reputation assessment and predictive modeling of possible future scenarios and financial support and their reflection in the annual sustainable development report are covered. The introduction of the EU Directive on due diligence of the sustainable development of enterprises (Corporate Sustainability Due Diligence Directive) creates new challenges and opportunities for Ukrainian agri-food companies. To maintain access to the European market and strengthen business reputation, enterprises must implement sustainable development strategies that must meet environmental standards and respect human rights. This will contribute to strengthening their positions in the international arena and increasing competitiveness. Keywords: agro-food sector, sustainable development reporting, European standards, Due Diligence, post-war recovery, environmental standards, social standards, investment attractiveness, risks, business reputation, business analytics.

Research on Management and Sustainable Development Strategy of Food Enterprises under ESG Concepts

In the field of economic and social development, people often mention and pay attention to the development of enterprises. However, in the past, people's attention was often focused on the sustainable development of enterprises based on the evaluation of enterprise financial indicators. As an important part of China's economy, enterprises shoulder the heavy responsibility of taking the road of sustainable development, and the implementation of sustainable development strategy is an inevitable choice faced by enterprises in China. ESG (Environmental, Social and Governance) concept is a key factor for the sustainable development of enterprises, and it is also an investment decision-making concept recognized by the international community.

Research on the Development Strategy of Wine Enterprises based on ESG Concepts

In recent years, as "carbon neutrality" and "carbon peak" have become hot topics in the international community, low-carbon recycling has gradually become an indispensable element in the high-quality development of the wine industry. From the industry's perspective, actively promoting the green and low-carbon development of the wine industry is the focus of the industry's efforts.2021 In April 2021, the "Fourteenth Five-Year Plan" Development Guidance for China's Wine Industry pointed out that the wine industry should make a comprehensive transition to green ecological development, and for the first time, the "Zero-carbon Appellation" and "Zero-carbon Factory" will be developed. In April 2021, the Guiding Opinions on the Development of China's Wine Industry in the 14th Five-Year Plan pointed out that the wine industry should make a comprehensive transition to green ecological development, and for the first time set "zero-carbon production areas" and "zero-carbon factories" as the construction targets. 2022, the China Wine Association (CWA) completed the formulation of the industry standard for "green T factories" in respect of white spirits and beer, and in 2023, the CWA carried out a study on the GHG accounting methodology and reporting standards for white spirits enterprises. his paper takes Fenjiu Group's ESG practice action as the research object, through collecting and reviewing the annual reports, ESG reports, announcements on the official website of the company, media reports, ESG practice reports of related listed companies and other materials, and conducts a multi-faceted research and analysis based on the theory of strategic management of the enterprise, and puts forward the related sustainable development strategy by combining with the concept of ESG. Development strategy design based on ESG concept. Firstly, the SWOT tool is used to add the elements analyzed in the previous chapters as strategic elements to the analysis matrix of strengths, weaknesses, opportunities and threats, and the actions based on ESG concepts optimize the sustainable development while shaping the core competitiveness of Fenjiu Group; then the strategic framework is clarified; finally, the strategic safeguards of Fenjiu Group are formulated. The innovation of the thesis lies in the introduction of ESG concept in the development strategy of wine enterprises, which enriches the theoretical connotation and strategic significance of ESG, innovates the strategic mode and governance mode of sustainable development of wine enterprises, broadens the value boundary of green development, and realizes the governance optimization of diversified development, and also provides a certain reference for the same type of wine enterprises to survive the risks of the industry cycle and realize long-term development.

Corporate Greenwashing Unexpectedly Caused by the Green Credit Policy: A Comparison between Environmental Sustainability Information Disclosure and Actual Environmental Protection Investment from China’s Listed Companies

This paper employs a continuous difference-in-differences model to compare environmental sustainability information disclosure with the real environmental investment amount of listed companies in China before and after the implementation of the Green Credit Guidelines, and it investigates the influence of Green Credit Policy on corporate environmental sustainability information greenwashing. The results show that the Green Credit Policy unexpectedly leads to the greenwashing of environmental sustainability information of listed companies. After the implementation of the Green Credit Policy, the amount of positive environmental information disclosed by listed companies has increased faster than that of corporate environmental investment. Further research on the intermediary effect shows that the reason why the Green Credit Policy leads to greenwashing is that the Green Credit Policy greatly reduces the availability of bank credit for enterprises on the restricted list, and these enterprises will relax the financing constraints caused by the policy in the future and thus adopt the greenwashing behavior. Heterogeneity analysis shows that these effects become smaller in state-owned enterprises and enterprises with large commercial financing scales, as they are less affected by financing constraints of the Green Credit Policy. The policy goal of the Green Credit Policy is to limit the financing of polluting projects and promote the sustainable development of enterprises. However, by comparing the corporate environmental sustainability information disclosure and the actual amount of environmental investment, this paper finds that the Green Credit Policy has unexpectedly led to corporate greenwashing. This result goes against the policy goal of sustainable development. Commercial banks should be more cautious about the environmental sustainability information voluntarily provided by enterprises to correct these distorted results.

Research on the Implementation and Optimization of Energy Management System in Enterprises

With carbon neutrality and peak carbon emissions gradually becoming the unwavering goals of the world at present, China advocates that all types of enterprises further implement sustainable development strategies in their business development process. The energy management system is a key link that affects the development prospects of relevant enterprises. This article mainly analyzes the current operation status of the energy management system of enterprises, proposes corresponding optimization measures for the problems existing in operation, and aims to promote the process of enterprise energy management system by adhering to the principle of continuous innovation, continuously optimizing the energy management system of enterprises, scientifically allocating relevant personnel and energy, improving the economic efficiency of enterprises, and assisting the green, low-carbon and sustainable development of enterprises.

Research on the Impact of BYD Group’s Green Innovation on Corporate Financial Performance under the Background of “Dual Carbon”

With the increasingly severe global climate change problem, the “dual carbon” goals (peak carbon emissions and carbon neutrality) have become a common focus of international attention. The report of the 20th National Congress of the Communist Party of China clearly emphasizes the need to accelerate the green transformation of development models, implement comprehensive strategies for frugal development, support the growth of green and low-carbon industries, and promote the concept of green consumption. At the same time, “Made in China 2025” also elaborates on the strategic concept of innovation-driven and green development centered, and strives for breakthroughs in key industries such as new energy vehicles. In such a macro environment, adopting green innovation measures by enterprises not only contributes to ecological protection but also has an undeniable impact on their economic performance and overall value. This article takes BYD Group as a case study to explore in detail the positive effects of green innovation on its economic performance. We first systematically organized and analyzed BYD’s specific practices in green innovation; Then, by examining three key financial indicators, BYD’s current financial situation was analyzed in depth; On this basis, combined with research data, the positive impact of green innovation on BYD’s financial performance was revealed; Finally, based on the analysis results, relevant suggestions are proposed to provide reference for the sustainable development of enterprises in the context of “dual carbon.”

EVALUATION OF THE RESULTS OF ESG PROJECT IMPLEMENTATION

The article explores the issue of evaluating the outcomes of implementing ESG (Environmental, Social, and Governance) projects across various economic sectors. It analyzes the main problems organizations face when implementing ESG initiatives, including inadequate methodological approaches to performance evaluation and the diversity of standards. The primary aspects of ESG projects' impact on environmental, social, and economic development are characterized. A comprehensive methodology for assessing the results of ESG initiatives has been developed, considering key performance indicators (KPIs) across different areas of activity. Recommendations are proposed to improve the efficiency of ESG project implementation, contributing to the sustainable development of enterprises. The study delves into the various challenges that organizations encounter, such as high implementation costs, resistance to change within the organization, and the lack of necessary experience and expertise. Additionally, it addresses the uncertainty regarding the impact of ESG projects on companies' financial performance. By calculating a composite ESG index for agro-industrial enterprises in Ukraine, the research allows for comparing the effectiveness of ESG project implementation and identifying leaders and laggards in the field of sustainable development. The study also underscores the role of independent experts in conducting external audits of results and obtaining certification from recognized organizations to confirm compliance with ESG standards. Continuous improvement of ESG projects involves implementing mechanisms for regular monitoring and updating goals and KPIs in response to changes in the external environment and internal processes. The practical implications of this research are significant for business leaders, investors, policymakers, and all stakeholders aiming to enhance responsibility and sustainability in their operations. The insights provided in this article can help organizations improve the added value created by ESG projects and identify steps necessary to achieve maximum results.

Fuzzy Evaluation Model for Operational Performance of Air Cleaning Equipment

Global warming has led to the continuous deterioration of the living environment, in which air quality directly affects human health. In addition, the severity of the COVID-19 pandemic has further increased the attention to indoor air quality. Indoor clean air quality is not only related to human health but also related to the quality of the manufacturing environment of clean rooms for numerous high-tech processes, such as semiconductors and packaging. This paper proposes a comprehensive model for evaluating, analyzing, and improving the operational performance of air cleaning equipment. Firstly, three operational performance evaluation indexes, such as the number of dust particles, the number of colonies, and microorganisms, were established. Secondly, the 100(1− α)% upper confidence limits of these three operational performance evaluation indexes were deduced to construct a fuzzy testing model. Meanwhile, the accumulated value of ϕ was used to derive the evaluation decision-making value. The proposed model can help companies identify the key quality characteristics that need to be improved. Furthermore, the competitiveness of cooperative enterprises towards smart manufacturing can be strengthened, so that enterprises can not only fulfill their social responsibilities while developing the economy but also take into account the sustainable development of enterprises and the environment.

Research on Supplier Selection of Pharmaceutical Enterprises under the Dual Carbon Target

With the proposal of national carbon peak and carbon neutrality targets, green supply chain management has become one of the important means of reducing carbon emissions. Based on elaborating on the connotation of new quality productivity, this article analyzes the supplier selection problem of pharmaceutical enterprises under the dual carbon target. A pharmaceutical supplier evaluation index system has been established from five aspects related to low-carbon and environmental protection, including technological innovation, research and development capabilities, digitization, intelligent production, environmental protection technology, and so on, with five primary indicators and 18 secondary indicators. Secondly, a game theory combination weighting method combining the G1 method and entropy weight method is used to determine the weights of indicators. A pharmaceutical supplier evaluation model is established by combining the matter element extension model. A company is used as an example to evaluate its 8 candidate suppliers and select the best supplier. Finally, corresponding measures are proposed to promote the healthy and sustainable development of pharmaceutical enterprises.

An integrated group decision support framework utilizing Pythagorean fuzzy DEMATEL–CoCoSo approach for medicine cold chain logistics provider selection

PurposeThe purpose of this study is to establish a synthetic group decision framework based on the Pythagorean fuzzy (PF) set to select the optimal medicine cold chain logistics provider (MCCLP). Fierce market competition makes enterprises must constantly improve every link in the process of enterprise sustainable development. The evaluation of MCCLP in pharmaceutical enterprises is an important link to enhance the comprehensive competitiveness. Because of the fuzziness of expert cognition and the complexity of the decision procedure, PF set can effectively handle the uncertainty and ambiguity in the process of multi-criteria group decision decision-making (MCGDM).Design/methodology/approachThis paper develops an integrated group decision framework through combining the Decision-Making Trial and Evaluation Laboratory (DEMATEL) technique and combined compromise solution (CoCoSo) approach to select a satisfactory MCCLP within PF circumstances. First, the PF set is used to process the ambiguity and uncertainty of the cognition ability of experts. Second, a novel PF knowledge measure is propounded to measure the vagueness of the PF set. Third, a comprehensive criterion weight determination technique is developed through aggregating subjective weights attained utilizing the PF DEMATEL approach and objective weight deduced by knowledge measure method. Furthermore, an integrated MCGDM approach based on synthetic weight and CoCoSo method is constructed.FindingsThe outcomes of sensibility analysis and comparison investigation show that the suggested decision framework can help decision experts to choose a satisfactory MCCLP scientifically and reasonably. Accordingly, the propounded comprehensive decision framework can be recommended to enterprises and organizations to assess the MCCLP for their improvement of core competitiveness.Originality/valueMCCLP selection is not only momentous for pharmaceutical enterprises to improve transportation quality and ensure medicine safety but also provides a strong guarantee for enterprises to improve their core competitiveness. Nevertheless, enterprises face certain challenges due to the uncertainty of the assessment environment as well as human cognition in the process of choosing a satisfactory MCCLP. PF set possesses a formidable capability to address the uncertainty and imprecision information in the process of MCGDM. Therefore, pharmaceutical enterprises can implement the proposed method to evaluate the suppliers to further improve the comprehensive profit of enterprises.

Practical evaluation of intelligent algorithms in ESG management of manufacturing enterprises

ESG (Environmental, Social and Governance) management practice is an important part of promoting sustainable operation and development of manufacturing enterprises. Currently, traditional evaluation methods have limitations such as low efficiency and lack of objectivity. To improve the efficiency and accuracy of ESG evaluation and promote the optimization of ESG performance in manufacturing enterprises, this article combined data mining and analytic hierarchy process (AHP) to conduct effective research on ESG management practice evaluation in manufacturing enterprises. This article adopted the best priority search strategy to collect and process enterprise ESG data. By using AHP to construct hierarchical and segmented objectives for target problems, a performance evaluation index system for management practices was built based on the evaluation objectives and hierarchical priority order. Finally, based on the performance evaluation of ESG management practices, the K-nearest Neighbor algorithm was applied to analyze historical data of key indicators. According to the weights, various key indicators were re-integrated, achieving practical evaluation and decision support for enterprise ESG management. To verify the effectiveness of data mining and AHP, this article took Z enterprise as the research object and conducted empirical analysis on it. The results showed that in terms of evaluation accuracy, the method proposed in this article achieved the highest evaluation accuracy of 92.51%, 91.16%, and 91.75% in environmental, social, and governance dimension data use case evaluation, respectively. The conclusion indicated that data mining and AHP could improve the accuracy of ESG management practice evaluation in enterprises, provide reliable decision support for enterprise development, and help promote sustainable development of enterprises.

Corporate credit mismatch, financial leverage and corporate investment efficiency

We empirically test the relationship between credit mismatch and corporate investment efficiency. The study analyzes the heterogeneity of mismatch direction, corporate nature, and corporate life cycle. Results reveal that corporate credit mismatch has a significant negative impact on corporate investment efficiency; corporate financial leverage fully mediates this impact, indicating that corporations may increase their financial leverage to bridge financing gaps in cases of credit mismatch. This practice, however, may bring about greater financial risk and affect corporate investment efficiency. This study provides an important reference for enterprises and financial institutions for optimizing the financing environment, ensuring the effective allocation of financing resources, promoting the sustainable development of enterprises, thereby enhancing overall economic efficiency. This study also provides new ideas and future directions for studying corporate financing and investment behavior.

Inventory Management and Strategy Optimization from The Perspective of Green Supply Chain Management

With the increasing severity of global environmental problems, the business community has begun to seek more sustainable business models. Green Supply chain Management (GSCM), as an important strategy to achieve this goal, emphasizes the integration of environmental protection and resource conservation concepts throughout the supply chain. This paper analyzes the impact of traditional inventory management on the environment, discusses the new model of inventory management under the perspective of GSCM, and puts forward the corresponding optimization strategy. This paper finds that green inventory management not only helps to reduce resource consumption and pollution emissions, but also improves the competitiveness and social image of enterprises. Therefore, the promotion of green inventory management is an important way to achieve sustainable development of enterprises and environmental protection.

Research on Impact Mechanism of Organizational Resilience on Sustainable Competitive Advantage of Enterprises

This study is the first to comprehensively investigate the impact mechanism of organizational resilience on the sustainable competitive advantage of enterprises based on dynamic capability theory, social network theory, and resource dependence theory. It systematically analyzes the multidimensional effects of organizational resilience and reveals the moderating effect of the network digital atmosphere and environmental dynamism on strategic capabilities. Herein, six basic hypotheses and 19 sub-hypotheses are proposed. Through the analyses of 386 valid questionnaires in the Yangtze River Delta and Pearl River Delta regions, the results show that organizational resilience has a positive impact on the sustainable competitive advantage of enterprises, and strategic capability plays a mediating role through two dimensions, which are strategic formulation capability and resource integration capability. In addition, the network digital atmosphere and environmental dynamics regulate the relationship between organizational resilience and strategic capability in different dimensions. The research results provide empirical support for strengthening corporate strategic capabilities, responding to environmental changes, maintaining competitive advantages, and achieving the sustainable development of enterprises.

Case Study on Obstacles and Implementation Paths of Shandong Energy's Green and Low-carbon Transformation

In the context of global climate change and environmental regulations, it is worth exploring in theory and practice how coal enterprises can achieve green and low-carbon transformation and maintain sustainable development. This article takes Shandong Energy in China as an example, analyzes the obstacles faced by Shandong Energy's green and low-carbon transformation, such as resource distribution, talent structure, industrial structure, and supporting policies. From the perspectives of mergers and acquisitions, industrial structure, resource reserves, intelligent mines, technological innovation, integration of industry and finance, and resource integration, it deeply analyzes and summarizes Shandong Energy's practical paths and beneficial experiences in green and low-carbon transformation and achieving sustainable development. The research results have been found that mergers and acquisitions, as well as resource integration, have broadened the temporal and spatial boundaries and opportunity set for the green and low-carbon transformation of coal enterprises; Technological innovation is the intrinsic driving force for the green and low-carbon transformation of coal enterprises, providing technical support for their sustainable development; Financial innovation provides fund support for the green and low-carbon transformation and sustainable development of coal enterprises. The research conclusions have important practical significance and theoretical marginal contributions, provides experience reference and theoretical guidance for the green and low-carbon transformation of the other coal industry enterprises.

An Efficiency Evaluation and Driving Effect Analysis of the Green Transformation of the Thermal Power Industrial Chain: Evidence Based on Impacts and Challenges in China

The high carbon emissions and pollution of China’s thermal power industry chain have exacerbated environmental and climate degradation. Therefore, accelerating the green transformation process is of great significance in promoting the sustainable development of enterprises. This study selected 30 listed thermal power enterprises in China as research objects, analyzed their data from 2018 to 2022, set targeted input–output indicators for different stages, and used a two-stage dynamic data envelopment analysis (DEA) model to evaluate and measure the efficiency of the green transformation of Chinese thermal power enterprises. In addition, this study also uses the logarithmic mean Divisia index (LMDI) method to analyze the driving effects of green transformation. The results indicate that in terms of overall efficiency, there is a significant difference in the overall performance of these 30 thermal power enterprises, with a large difference in average efficiency values. Efficiency values are related to enterprise size. In terms of stage efficiency, the average efficiency value of thermal power enterprises in the profit stage was significantly higher than that in the transformation stage, and the profitability of Chinese thermal power enterprises was better. In terms of sub-indicator efficiency, the efficiency of each indicator shows a “U”-shaped trend, and there is a certain correlation between the operating costs and revenue of thermal power enterprises, the market value of green transformation, and related indicators. In addition, the most important factor affecting the efficiency of green transformation is the sewage cost they face, whereas their operational capabilities have the least impact on their green transformation. In this regard, thermal power enterprises should increase their investment in the research and development of key technologies for thermal power transformation and continuously optimize their energy structure. The government will increase financial support for thermal power green transformation enterprises and correspondingly increase emission costs.

Assessment of the Maturity of Corporate ESG Practices of Air Carriers in the Context of Sustainable Development of Aviation Enterprises

Assessment of the Maturity of Corporate ESG Practices of Air Carriers in the Context of Sustainable Development of Aviation Enterprises

Dynamic Capabilities of Environmentally Sustainable Enterprises: An Exploratory Study

This article explores the shift towards environmentally sustainable innovation from a dynamic capabilities perspective, identifying key capabilities influencing sustainable enterprise development. Employing a multiple case study design, the study explores four sustainable enterprises. The findings reveal sensing capabilities driven by knowledge acquisition, an environmentally conscious mindset and market assessment. Seizing capabilities involve co-innovation, knowledge combination and network establishment. Reconfiguring capabilities encompass workforce and supply-chain restructuring. The research emphasizes the importance of dynamic capabilities in sustainable enterprise strategy, offering insights for practitioners and researchers. It underscores the significance of a holistic approach to value creation and continuous adaptation in sustainability. The study, focusing on micro-foundations in an emerging economy, provides unique insights into the dynamics of sustainable firms, contributing to a deeper understanding of their strategic foundations.