Sustainability Of Company Research Articles

Management Guidelines for Listed Companies on the Stock Exchange of Thailand for Moving Towards Sustainability

The United Nations introduced “Transforming our World: the 2030 Agenda for Sustainable Development” as a global action plan with 17 Sustainable Development Goals (SDGs) and 169 targets. In alignment with this agenda, the Stock Exchange of Thailand (SET) launched the Thailand Sustainability Investment Index (THSI) in 2015 to promote Environ­mental, Social, and Governance (ESG) factors. However, the number of sustainable companies has decreased, and Thailand’s economic competitiveness and foreign direct investment (FDI) have declined. This research thus aimed to develop guidelines for becoming a sustainable company using a mixed-methodology approach, including qualitative interviews, survey study, and focus group discussions. Quantitative data came from a survey of 500 sustainable companies listed on SET. The findings indicated that guidelines for SET-listed companies to achieve sustainability should consist of four latent variables, arranged in order of importance: organizational support, environmental protection, social responsibility, and corporate good governance. The most critical factor identified is the accurate and transparent reporting of financial performance. Additionally, the tested hypothesis indicated differences in market capitalization with overall aspects significantly different at the 0.05 level. These insights provide valuable strategies for businesses, policymakers, and educational institutions dedicated to advancing sustainable development and improving economic competitiveness in Thailand.

Crude oil price behavior and the adoption of sustainable measures in companies before and after COVID-19

The objectives achieved in the Paris Agreement to reduce greenhouse gas emissions and reduce dependence on fossil fuels have caused, in recent years, a growing importance on sustainability in companies in order to reduce Environmental, social and economic impacts. This study is focused on understanding how the variation in West Texas Intermediate crude oil prices affects the Dow Jones Sustainability Index, and therefore the companies included in it, and vice versa. The research aims to examine the statistical properties of both indices, using fractional integration methods, the fractional cointegration vector autoregressive (FCVAR) approach and the continuous wavelet transform (CWT) technique. The results warn of a change in trend, with the application of extraordinary measures being necessary to return to the original trend, while the analysis of cointegration and wavelet analysis measures reflect that an increase in those adopted based on sustainability by the different companies that make up the index imply a drop in the price of crude oil.

Value of pharmaceuticals: Improving product demand through innovative research and development in Palestinian and Jordanian firms

This study investigates the sustainability of the pharmaceutical business in Palestine and Jordan by examining the impact of R&D intensity on company performance. The study sample consisted of pharmaceutical companies listed on the Amman and Palestine Stock Exchanges, where the descriptive analytical approach was used to achieve the study's objectives, which numbered (6) companies for ten years from 2013 to 2022. The study's dependent variable, "Performance and value of the company’s Return on Assets (ROA), Earnings Per Share (EPS), and Tobin's Q, and the independent variables were R&D intensity (RDI) and selling and marketing expenses (SMI). A statistical analysis package (STATA) was used to achieve the study's objectives and test its hypotheses. The study analyzed the impact of variables (RDI, SMI,) on the performance and value of pharmaceutical companies. Variables (RDI, SMI, FS, CP, and LEV) had no significant influence on these factors. However, the MS has a significant impact on these factors. The study also found that while variables (SMI and FS) had a significant effect on pharmaceutical companies' performance and value, the variables (RDI, MS, CP, and LEV) had no significant influence on either. This study offers significant implications for the sustainability of pharmaceutical companies, investors, and academic research centers. Governments, including health ministries, should reevaluate R&D spending to bring about a qualitative change that will allow these businesses to innovate and sustainably contribute to the preservation of healthcare.

Analyzing green entrepreneurial orientation drivers: Insights from the Indian manufacturing industry

ABSTRACT Business activities often lead to various environmental issues, like deforestation, waste, and pollution. Hence, integrating environmental concerns into manufacturing operations is essential for ensuring long-term sustainability. In this direction, green entrepreneurial orientation (GEO) represents an internal strategy that integrates environmental concerns into business operations. While much of the discussion around GEO has centered on the manufacturing sector in general, the unique dynamics of the textile industry have often been overlooked. This highlights the need for a more targeted exploration of GEO drivers specific to the textile sector. An exploratory approach has been used in the study, where in the first stage drivers are identified through a literature review strategy, while the second stage involves analysis of the company sustainability reports to validate the drivers. The results indicate that managerial environment concerns, technical orientation, big data analytical capabilities, environmental collaboration, and institutional pressure are the primary drivers that must be operationalized by firms to implement GEO. Furthermore, textile firms are concentrating on five core areas that align with GEO principles: energy efficiency, renewable energy, water and effluents management, waste management, and awareness programs. The study provides implications for managers and policy makers to prioritize the integration of environmental concerns into strategic decision making, foster collaborations, invest in data-driven technologies, and strengthen regulatory frameworks to encourage the adoption of green entrepreneurial practices.

Corporate Purpose and Sustainable Decision Making: Examples from Dutch Corporate Practice

In this contribution we examine the state of the art of purpose statements in Dutch corporate practice. We discuss the general debate on corporate purpose, explore differences between purpose and related terms such as mission and vision, and outline the legal qualification and effects of purpose statements. We also review the Dutch legal background against which purpose statements are used, present empirical findings on the use of these statements over the past decade, and reflect on their value for the sustainable future of companies in a Dutch and European corporate law setting.Overall, we identify that discussions on corporate purpose have influenced Dutch corporate practice. We demonstrate a notable increase in such statements over the past decade and show that they have become increasingly oriented towards sustainability and extrinsic aims. We do not, however, infer from these developments that purpose statements have had a standalone, positive effect on the sustainability of companies since they are often vaguely formulated, seldom included in articles of association, and are typically formulated as a voluntary act by the board. Ultimately, we conclude that the effectiveness of corporate purposes depends on how companies implement them within the regulatory context that is provided by society.

Green Skills for Sustainability Transitions

ABSTRACTGreen Skills are considered a prerequisite for sustainability transitions. However, existing literature shows heterogenous meanings of Green Skills, which are based on normative assumptions about what is understood as ‘green’ and ‘skill’. Despite the high expectations of Green Skills as a driving force for increasing sustainability of companies and regions, there is a research gap about implementation of Green Skills in vocational education and further training, and their impact on sustainability transitions. This paper is based on a literature review and reveals a fertile field for investigation, creating clarity by systematically analysing the fragmented literature and suggesting a research agenda for economic geography and labour geography.

Peran Environmental Knowledge Memoderasi Pengaruh Green Supply Chain Management dan Enterprise Resources Planning Terhadap Sustainability Performance

The Green Supply Chain Management (GSCM) process is widely associated with its contribution to the company's sustainability performance. The GSCM process will also be associated with an integrated Enterprise Resource Planning (ERP) system that will have an impact on achieving sustainability performance. The importance of environmental awareness from manufacturers to direct their business processes that are beneficial to the environment in the long term. This study aims to analyze the effect of Green Supply Chain Management and Enterprise Resource Planning on Sustainability Performance, then this study also analyzes the role of Environmental Knowledge as a moderation of the influence of Green Supply Chain Management and Enterprise Resource Planning on Sustainability PerformanceThe analysis method used is path analysis with the pattern of relationships between independent variables in this study being correlative and causal. Researchers use primary data collection techniques because this study will use a questionnaire. This questionnaire technique is also a data collection technique by providing a set of written questions or statements to respondents. Based on the results of this study, it shows that Green Supply Chain Management has a significant effect on Sustainable Performance, Enterprise Resource Planning does not have a significant effect on Sustainable Performance, Environmental Knowledge strengthens the influence of Green Supply Chain Management on Sustainable Performance, Environmental Knowledge does not strengthen the influence of Enterprise Resource Planning on Sustainable Performance.

Sustainable leadership among financial managers in Spain: A gender issue

Finance plays a key role in supporting sustainable companies, thereby contributing, and supporting the transition towards a low carbon and circular economy. At the strategic level, finance can aid companies make decisions regarding the trade-offs between their sustainable goals. Therefore, key players in this respect are finance managers who need to take decisions regarding the latter. This study analyzed the level of sustainable leadership among financial managers in Spain. A total of 131 senior financial managers (106 men and 25 women), from various sectors in Spanish companies (a multi-sector study), responded to two scales: the Honeybee Sustainable Leadership Scale (focusing on stakeholder orientation and a vision of social and shared leadership) and the Locust Leadership Scale (primarily centered on achieving short-term profits at any cost). A descriptive analysis of the sample was conducted. The t-test was applied for comparing means and the Mann-Whitney U test statistical technique was used under conditions where the assumptions of normality and homogeneity of variance were violated. In the hypothesis testing, a significance level of p<0.05 was employed. The main finding was that female financial managers scored significantly higher on the Honeybee Leadership Scale compared to their male counterparts, signifying that female presence is key to sustainable leadership. Therefore, including women in higher corporate-level positions would contribute to a more sustainable approach in management. Furthermore, it was also found that the organizations in which the financial managers worked tended to undertake a hybrid approach to sustainable leadership. Most companies undertook a hybrid perspective incorporating elements of both diametrically opposed bee and locust leadership philosophies.

Sustainability risk in insurance companies: A machine learning analysis

AbstractSustainable development constitutes a global challenge today, and the sustainable development goals (Agenda 2030) will probably set the course for the coming decades. This paper discusses sustainability in insurance companies by combining two aspects: a social approach (the environmental impact) and a business approach (the prediction of claims due to climate change). Our objective is to analyse the impact of physical risk in a home insurance portfolio and to measure in economic terms the effect of climate change in the future, by applying machine learning methodologies. Two data sources are used: a Spanish insurance portfolio with 31,998 policies and claims from 2017 to 2022, and daily meteorological variables from 290 Spanish weather stations from 2000 to 2022. Two climate scenarios are considered: RCP 4.5 (medium impact) and RCP 8.5 (high impact). On average for the period 2023–2052, the results reveal that claims will increase by 105% for the 4.5 scenario and by 129% for the 8.5 scenario. Our paper makes a clear contribution to sustainability by analysing climate risks and their impact on an insurance portfolio. It shows the grave consequences of climate change for the insurance sector's solvency and the political implications for the financial system in general.

Understanding Financial Constraints: Causes, Effects, and Strategies for Overcoming Economic Limitations

In developing countries like Nigeria, the development and sustainability of people, companies, and economies were greatly impeded by economic and financial limitations. The main causes of these constraints included the limited availability of financial resources, high interest rates, rigorous regulatory regimes, and volatile economic situations. The most severe obstacles were encountered by small and medium-sized firms (SMEs) and marginalised people, who frequently struggle to get the required funds for growth and development. The ramifications of financial limitations were extensive, resulting in less investment, hindered economic expansion, more joblessness, and worsened wealth disparity. These constraints may also sustain societal instability, thereby further eroding economic resilience. Successfully managing financial limitations requires a holistic strategy that addresses both the supply and demand dimensions of money. A crucial aspect of the supply side was enhancing loan accessibility by creating novel financial products and services specifically designed for small and medium-sized enterprises (SMEs) and marginalised groups. Both microfinance organisations and fintech solutions have shown potential for offering alternative financial methods, especially in rural regions. By improving financial literacy, people and companies may make well-informed financial choices and efficiently allocate resources on the demand side. Government actions, such as implementing regulatory changes and stabilising macroeconomic factors, are crucial for establishing a more favourable financial climate. This research aimed to acquire knowledge on the factors, consequences, and approaches for surmounting financial limitations in Nigeria. Therefore, it emphasised the need for customised solutions that took into account the distinct economic, social, and cultural circumstances of the area. By conducting a comprehensive examination of peer-reviewed literature and empirical research, this study identified significant obstacles and suggested practical suggestions to improve financial accessibility, stimulate economic growth, and guarantee sustainable development. The results emphasised the importance of implementing targeted policies and regularly assessing current methods to tackle the changing financial environment in Nigeria. Keywords: Economic limitations, Financial limitations, Developing countries, Sustainability, Small and medium-sized enterprises (SMEs).

Implementation of Corporate Social Responsibility to Realize Prosperity for the Community

The existence of a company cannot be separated from its environment and society. Companies must balance economic achievement with social and environmental responsibility through Corporate Social Responsibility (CSR) activities. However, only a few companies realize the importance of implementing CSR to maintain the company's sustainability. Some companies consider CSR one of the costs that must be incurred to reduce profits. This condition motivates researchers to identify the motivation of business actors in conducting CSR activities. This study explores CSR practices in construction companies whose business activities significantly impact the surrounding community and the environment. This study uses a qualitative method: a single case study using PT. BASA is one of the construction companies in Bali, Indonesia. Research data were obtained through structured interviews with company management. The results show that the motivation of management to implement the CSR program is to contribute and be responsible for sustainability. The company project must get support from the community to avoid unwanted things during the project. The company has been able to implement its CSR program well. This activity provides a positive impact on the community.

The Impact of SMEs Capability for Service Innovation and Its Tactical Green Marketing on Sustainable Business Performance

Corporate social responsibility (CSR) is now central to all firms. Customers now expect companies to promote sustainability and social well-being actively. This study examines the direct and indirect effects of stakeholder pressure (SP), corporate social responsibility (CSR), tactical green marketing orientation (TGMO), and service innovation competence (SIC) on five sectors of Pakistani Small and Medium enterprises’ (SME) sustainable business performance (SBP). The paper used a resource-based view and stakeholder theories. An online questionnaire collected data from 284 SMEs in five areas. The study tested its hypotheses using partial least squares (PLS) 4.0 path modeling. The study found that stakeholder pressure and corporate social responsibility (CSR) affect tactical green marketing and sustainable organizational performance. The data also shows that tactical green marketing mediates the impact of stakeholder pressure and CSR on sustainable business performance. Service innovation moderates the link between tactical green marketing orientation and sustainable business performance. This study seeks to clarify and improve the relationship between tactical green marketing and company sustainability. This It gives management a complete picture of the company’s long-term success.

A Conceptual Framework for Optimizing Performance in Sustainable Supply Chain Management and Digital Transformation towards Industry 5.0

The economic growth of developed or emerging countries through globalization has prompted them to increase their supply chain performance. A large number of concepts, tools, and methodologies have been proposed in support of this performance improvement. They are mainly based on the use of classical optimization or enterprise modeling methods. However, environmental and social issues, not to mention digital transformation, are often ignored or not sufficiently integrated. Indeed, the world geopolitical situation, the increase in oil prices, and the commitment to protect our earth require the integration of sustainability aspects and Industry 4.0 concepts like digital twin and artificial intelligence in transforming the supply chain. This paper focuses on defining a conceptual framework to support sustainable supply chain management and digital transformation. It aims to exploit the sustainability and digital maturity of companies to transform their supply chains and enhance their performance to meet the challenges of Industry 5.0. Several practices related to sustainability, as well as two use cases on optimization and digital twin, are presented to illustrate this framework. Finally, based on the previous practices and use cases, an adapted framework for the supply chain manager to support the transition from Industry 4.0 to Industry 5.0 has been developed, as well as a performance dashboard.

Teori Corporate Governance: Keterbatasan, Kritik dan Alternatif

Corporate governance is a crucial element in supporting the competitiveness and sustainability of companies in a dynamic business environment. This article discusses three main theories underpinning corporate governance: agency theory, stakeholder theory, and stewardship theory. These theories offer different perspectives on the relationships between managers and stakeholders and their impact on effective governance. This research employs a qualitative approach with an interpretivist paradigm to understand the social constructions and subjective meanings of corporate governance practices in Indonesia. The findings reveal that while good governance generally enhances company performance, the effectiveness of various governance elements differs. Cultural factors and ownership structures also play a significant role in determining the form and success of corporate governance. These insights provide new perspectives for formulating more flexible and contextual governance strategies.

A New Application with Conditional Risk Matrix and Decision Rules: An Assessment of the Sustainability and Performance Electric Power Company

Abstract The 2030 Agenda for Sustainable Development of the United Nations General Assembly focuses on economic development, poverty cessation, environmental sustainability, and good governance at all levels, including peace and safety. For electric power distribution concessionary companies in Brazil, it is necessary to evaluate their sustainability and performance according to the parameters laid by the National Electric Power Agency (ANEEL). For that purpose, sixty-two indicators were assembled that were directly and indirectly associated with sustainability for 38 companies in the period–2013-2021. This study proposes a new application with a conditional risk matrix and decision rules aimed at the integrated assessment of sustainability and performance of electric power companies using the conditional probability of indicators in the ascent or descent of the companies’ classification. A set of “if..., then...” decision rules were inferred by the algorithm VC-DomLEM using concepts from the Rough Sets Theory and the Dominance principle, Dominance-based Rough Set Approach (DRSA).

GREEN LOGISTICS: DEFINING THE FACTORS INFLUENCING EMPLOYEE’S ENGAGEMENT IN SUSTAINABILITY, AND LINKING IT TO THE CORPORATE IDENTITY AND ITS SOCIAL RESPONSIBILITY

This study investigates the degree of congruence between employees' perceptions of company sustainability and their use of sustainable activities outside of work. A total of 217 participants from logistics enterprises in Istanbul completed a detailed questionnaire that assessed demographics, corporate social responsibility (CSR), pro-environmental behavior (PEB), and organizational identification. The findings show a robust relationship between CSR perception and PEB, confirming the idea that employees who see their employer as socially responsible are more inclined to take pro-environmental measures. Furthermore, organizational identification predicts PEB, demonstrating the importance of employee commitment to the business in generating sustainable habits. The mediation analysis also demonstrates that OI mediates the link between CSR and PEB, emphasizing its significance in influencing workers' sustainable actions. The report emphasizes the need of organizations improving their CSR programs and promoting organizational identification in order to raise sustainability practices both within and outside of the workplace. Limitations include the study's narrow emphasis on a single city and industry, which suggests opportunities for larger geographical and sectoral replication.

Three Horizons of Technical Skills in Artificial Intelligence for the Sustainability of Insurance Companies

Insurance companies are experiencing unprecedented growth due to several emerging technology functionalities that have transformed the industry’s operations. Through the Three Horizons framework, this study explores the technical skills required to use artificial intelligence (AI) for the sustainability of insurance companies. Methodologically, it was carried out in two stages: First, defining the state-of-the-art, which included analysis of the current situation and studying technological surveillance. Second, technical skills and their strategic prevalence were identified for the design of each horizon. As a result, the adoption of AI in insurance companies allows them to transform their personal and data-intensive processes into engines of efficiency and knowledge, redefining the way companies in the sector offer their services. This study identifies the immediate benefits of AI in insurance companies. It provides a strategic framework for future innovation, emphasizing the importance of developing AI competencies to ensure long-term sustainability.

From outcomes to practices: Measuring the commitment to sustainability of organisations

To achieve the Sustainable Development Goals (SDGs) outlined in the 2030 Agenda for Sustainable Development, organisations must transform their cultures and demonstrate high levels of commitment by developing sustainability-focused practices. However, existing measurement frameworks have often overlooked the concept of commitment or have used non-standardized approaches based on individual perceptions. Additionally, measurement approaches have tended to focus more on the final outcomes of sustainability initiatives rather than on the practices themselves, sometimes leading to behaviours that have undesired societal impacts, especially when short-term outcomes are emphasised.This study conceptualises commitment to sustainability as the relationship between a company's resources and its implemented practices. The paper introduces a Data Envelopment Analysis (DEA)-based index designed to assess a company's environmental and social sustainability commitment. The approach was tested on a sample of 1411 Italian companies across six different industries.The findings demonstrate that this innovative index effectively captures the theoretical concept of commitment to sustainability. Furthermore, assessing social and environmental commitment separately provides a clearer picture than using a single indicator encompassing both dimensions, thereby offering a nuanced understanding that aligns with the comprehensive targets set by the 2030 Agenda.

Estimasi Keuangan Bisnis Waralaba dalam Pengembangan Usaha Mikro Kecil dan Menengah di Indonesia

Financial estimates for a business are important for the company's sustainability in the future, so it becomes the main plan for its sustainability. The estimated financial statements projected at the beginning are perfect for the company in the future. They are used to see the company's sustainability during the business journey from performance management which shows the business operations and financial management which shows the company's liquidity. Based on the instructions presented, this paper aims to create identify, and estimate the finances of a franchise business plan in the aspect of reviewing the feasibility aspect of the business with the estimated income ratio aspect and the existence of cost elements. This research method is descriptive, namely by describing the estimated possibilities so that a statement can be formed that will be projected.

Pengaruh Pengungkapan Akuntansi Karbon Kinerja Lingkungan Terhadap Profitabilitas Perusahaan Sektor Farmasi Yang Terdaftar di BEI Tahun 2022

The aim of this research is to find out the effect of accounting disclosures on the profitability of pharmaceutical sector companies in 2022. A quantitative approach is the method in this research. This type of research data is secondary data taken from annual reports and company sustainability reports via the idx.com data site and the company's official website. The population is 30 pharmaceutical sector companies listed on the IDX. The sample was used in 5 companies that met the required data criteria. The research collection technique used was SPSS 24. The results obtained from this research were that simultaneously disclosing carbon accounting and environmental performance had an effect on the profitability of pharmaceutical sector companies in 2022.