Implementation Of Corporate Sustainability Research Articles

From Three-Factors Model of Sustainability to the Integrated Model of Sustainability

In addition to the three dimensions of sustainability, environmental, social and economic, other aspects that have emerged in recent years in both literature and practice as requiring particular attention in achieving sustainability are culture, human capital, technology, industry and business, politics and good governance, and peace. Therefore, the aim of this paper is to present these factors as well as multidimensional models of sustainability and ultimately to synthesize and integrate them into an eight-factor model of sustainability. Finally, it sets out a further line of research, focusing on how these dimensions affect the understanding and implementation of corporate sustainability.

WIG-20 Warsaw Stock Exchange Companies: Are They Ready for Governance Matters Disclosures Based on EU Sustainable Reporting Standards?

Theoretical background: In 2022, the European Commission’s intensive efforts to revise and enhance the Non-Financial Reporting Directive (NFRD) from 2014 resulted in the proposal of Corporate Sustainability Reporting Directive (CSRD) and the exposure draft on ESRS EDs (EFRAG Sustainable Reporting Standards Exposure Drafts). The ESRS drafts for public consultation presented the mandatory concepts and principles for sustainability reporting under the CSRD. The implementation of corporate sustainability is closely related to reporting that stimulates robustness of companies’ commitment to sustainability, and sustainable long-term actions taken by companies. Environment is priority, however, having in mind sophisticated environmental performance indicators, it is governance that ensures stakeholders whether the company exercises the sustainable obligations effectively. Purpose of the article: The purpose of the article is to determine EFRAG draft standards compliance with the Warsaw Stock Exchange best practices and Global Reporting Initiative (GRI) standards, and an assessment of WIG-20 reporting practices regarding EFRAG draft standards. The main research question was whether and to what extent WIG-20 companies meet the sustainable reporting exposure drafts on governance matters proposed by EFRAG. Research methods: The study method was desk-based research using the gathered corporate data. The assumptions on the importance of governance matters were supported by VOSviewer analysis of Scopus bibliometric database analysis. Main findings: The results of the study have shown that the scope and level of reported disclosures by WIG-20 companies – that are best performing and positive toward sustainability – is insufficient and reporting practices do not meet proposed EFRAG draft standards. The study contributes to scarce research addressing the sustainability reporting approach. It provides a study of the governance maters regarding draft governance reporting ESRS drafts.

Can the Implementation of Corporate Sustainability in ASEAN use the Same Standard?

Can the Implementation of Corporate Sustainability in ASEAN use the Same Standard?

Corporate sustainability in Canadian and US maritime ports

Despite the rising popularity of the corporate sustainability discourse in recent years, its role in the maritime industry, and in ports in particular, has been limited. Through an online survey, this study assessed the current state of corporate sustainability in ports in Canada and the US. The study ascertained the perception of port executives towards sustainability, analyzed port sustainability strategies and practices, and identified the main factors (motivations/driving factors and key challenges/barriers) influencing future adoption and implementation of corporate sustainability in ports. Results show that the majority of ports perceive sustainability as important and have adopted a number of sustainability strategies and practices, such as sustainability awareness and training programs, sustainability reporting, and sustainability initiatives and standards (e.g., Green Marine and ISO 14001 certification). Results also show that sustainability strategies have resulted in improved stakeholder relations in ports mainly with government/policy makers, customers, local communities, and industry associations. Yet, findings indicate that although corporate sustainability is regarded as important in the majority of ports, it is not fully integrated in strategic decision-making processes and operations in most ports. This study also investigated influencing factors for adoption of corporate sustainability in ports. Motivations/driving factors identified are growth, return on investment, risk management, and corporate citizenship, while main key challenges/barriers include cost associated with sustainability actions, lack of sustainability competences within the organization, limited customer interest for more sustainability services, and difficulty in implementing sustainability practices. Findings reveal that although many of the identified influencing factors for adoption and implementation of corporate sustainability in ports are similar to those identified in other studies, some are more sector specific which has allowed this study to contribute to advancing knowledge of corporate sustainability in the context of ports with novel insights.

Corporate Governance Mechanism, Company Size Financial Performance and Sustainability Reporting

The importance of sustainability reporting for companies to be able to know the role of the company in disclosing social responsibility and the implementation of corporate sustainability as a manifestation of corporate governance mechanisms, company size and financial performance. This study uses a stratified random sampling method for companies that have revealed sustainability reports and those that do not disclose sustainability reports. The research method uses logistic regression, with a sample of 13 non-financial companies listed on the Indonesia Stock Exchange. Based on the results obtained, it can be seen that the mechanism of corporate governance consisting of independent commissioner variables has a negative influence on sustainability reporting, institutional ownership variables have a positive influence on sustainability reporting, managerial ownership variables have a negative influence on sustainability reporting, audit committee variables have a negative effect on sustainability reporting, the variable size of the company gives a negative influence on sustainability reporting, and financial performance variables which are leverage variables have a negative influence on sustainability reporting.

Analysis of implementation of corporate sustainability: case Bogota - Colombia

Analysis of implementation of corporate sustainability: case Bogota - Colombia

Analysis of implementation of corporate sustainability: case Bogota - Colombia

In Bogota, as around the world, sustainability is currently a topic of high interest in business theory. But in practice, the companies have lagged in the adoption of this issue, mainly because there are not many requirements in the markets in which they participate. Companies also have a reductionist point of view in setting priorities for day-to-day activities. Further, business managers lack a clear concept of the business value of sustainability initiatives. Thus, only a group of large companies and some media companies carry out sustainability programs and publish formal reports. This article presents a brief description of how Colombian companies have tackled the concept of sustainability and an analysis of barriers in the implementation process. The main conclusion presented is the need to integrate sustainability into the routine process improvement efforts and into the business strategy, as a tool for improved innovation, efficiency and associativity. In addition, it proposes the sustainability as a managerial tool.

The Implementation of Corporate Sustainability in the European Automotive Industry: An Analysis of Sustainability Reports

The acceptance of corporate sustainability implementation and sustainability reporting has continued to grow steadily in recent years. This is particularly true for companies in the automotive industry. Increasing regulatory demands, for example, with respect to CO2 emissions, are one clear reason for this. In this paper the sustainability reports of 14 manufacturers in the European automotive industry are analyzed with respect to issues of corporate sustainability implementation. This entails content analysis of sustainability reports from 2012, and of their earliest available equivalents. The analysis of corporate sustainability implementation in the selected companies is provided with the purpose to help understand how manufacturers in the European automotive industry implement corporate sustainability. Results confirm the importance of specific policy instruments in implementation, such as the use of environmental management systems and standards, and of related changes in organizational structures. The latter include suitable adaptation of corporate strategy, philosophy, objectives, measures, and activities, as well as the need to integrate stakeholders in the adjustment process. The analysis shows that while companies are well-aware of the significance of sustainability for their industry, some tend to be leaders, and others laggards, as far as implementation is concerned.

Approaches to corporate sustainability among German companies

AbstractIn this article we present the results of an online survey on the state of corporate sustainability in German companies. The survey focused on the meaning and relevance of sustainability to German companies, the motivations behind their commitment to sustainability and the use of different management tools to implement sustainability in corporate practice. Although the majority of the companies declared that sustainability plays an important role, our analysis reveals considerable differences between these companies' approaches to corporate sustainability. A cluster analysis enables us to distinguish between three significantly distinct types of approach to corporate sustainability among the respondents: sustainability leaders, environmentalists and traditionalists. These three types are characterized and discussed against previous research. The results suggest that there are substantial differences with regard to the motivation for and the implementation of corporate sustainability that are covered behind the corporate rhetoric of a high commitment to sustainability. Copyright © 2006 John Wiley & Sons, Ltd and ERP Environment.

Introduction on the European Corporate Sustainability Framework (ECSF)

This article describes the European Corporate Sustainability Framework (ECSF). This framework addresses complex issues such as Corporate Sustainability, Corporate Responsibility and Corporate Change. It is a conceptual framework based on the tradition of the quality management approach and the concept of phase-wise development. The framework is based on several theories and models, all proven individually over several decades. These theories are the Emergent Cyclical Levels of Existence Theory (ECLET) of Professor Graves, The Four Phase Model© (Hardjono), EFQM's Business Excellence Model, Kaplan and Norton's Business Balanced scorecard, the research deliverables of the project “The European Way to Excellence” and the SqEME® methodology. All these models, theories and/or studies belong to the interpretative sociology (Milwax Burell and Morgan, 1992). The aim of the ECSF is to support organizations in their implementation of Corporate Sustainability and Corporate Responsibility (CS-R) by addressing the ambiguity and complexity of these issues.