Corporate Sustainability Performance and Assurance on Sustainability Reports: Diffusion of Accounting Practices in the Realm of Sustainable Development

Purpose The purpose of this paper is to measure Garanti Bank’s corporate sustainability performance along with the main indicators of economic, social and environmental factors, taking into consideration of the governance indicators. Design/methodology/approach Recent global economic developments indicate that the main corporate sustainability indicators of economic, environmental and social factors are insufficient for the sustainability practices of the companies. Along with these indicators, a good administrative structure should be evaluated as a whole to measure the sustainability performance. For measuring corporate sustainability performance of the bank along with the economic, environmental, social and governance dimensions of corporate sustainability, content analysis, entropy and technique for order preference by similarity to ideal solution (TOPSIS) methods are used with a total of four corporate sustainability reports published by Garanti Bank within the period of 2010-2014. Findings The results depict that the sustainability performance of Garanti Bank tends to increase during the time span. Among all dimensions, economic dimension has the highest impact on overall sustainability performance, as it has the highest weight in entropy. On contrary, governance dimension has the lowest impact on overall performance. Research limitations/implications This paper has implications in enhancing the understanding of corporate sustainability measurement both using content analysis, and TOPSIS particularly in a developing country, although it is limited by the size of the corporate sustainability reports and time span. Originality/value This paper attempts to reveal an emerging banking sector specific corporate sustainability materiality. This is the first study in Turkey which includes both qualitative and quantitative data analysis techniques considering the content analysis and TOPSIS.

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Corporate Sustainability Performance: An Approach to Effective Sustainable Community Development or Not? A Case Study of the Luanshya Copper Mine in Zambia

Sustainability ◽

10.3390/su11205775 ◽

2019 ◽

Vol 11 (20) ◽

pp. 5775 ◽

Cited By ~ 1

Author(s):

Inonge Mutale ◽

Isabel B. Franco ◽

Masinja Jewette

Keyword(s):

Sustainable Development ◽

Community Development ◽

Business Models ◽

Corporate Sustainability ◽

Local Context ◽

The Sustainable Development ◽

Sustainable Community Development ◽

Sustainability Performance ◽

Sustainable Community ◽

Corporate Sustainability Performance

Corporate Sustainability Performance (CSP) is being promoted as a way in which corporations in the extractive industry can contribute to poverty eradication in developing resource regions. As such, the international debate on CSP has moved from whether companies ought to do it or not, to the extent to which it can contribute to sustainable development. Corporations worldwide have therefore reshaped their frameworks, rules, and business models to accommodate CSP. This article evaluates whether, through the implementation of CSP, companies are able to contribute to the sustainable development of host communities in developing countries. Against this backdrop, there exists a knowledge gap in Zambia as to what the actual contributions of CSP are towards sustainable community development. Through literature review and community data analysis, the results revealed that there was a mismatch in priorities between CSP and the expectations of community members. Findings show that CSP focused mostly on haphazard donations, an approach that has been proven to be unsustainable. Finally, CSP had little or negligible impact on most selected Sustainable Development Goals (SDGs). In view of these findings, the study suggests adopting sustainability frameworks that are tailored to the local context. Furthermore, formulation of CSP initiatives should take a triangular approach of communication that is inclusive of all stakeholders.

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Determination of Economic Indicators in the Context of Corporate Sustainability Performance

Verslas teorija ir praktika ◽

10.3846/btp.2015.450 ◽

2015 ◽

Vol 16 (1) ◽

pp. 15-24 ◽

Cited By ~ 5

Author(s):

Marie Pavláková Dočekalová ◽

Alena Kocmanová ◽

Jiří Koleňák

Keyword(s):

Sustainable Development ◽

Corporate Performance ◽

Corporate Sustainability ◽

Economic Indicators ◽

Manufacturing Companies ◽

Sustainability Performance ◽

Corporate Sustainability Performance ◽

Basic Set ◽

The Impact

This article is focused on determination of the most significant economic indicators influencing corporate sustainability performance. Corporate sustainability performance is a multidimensional concept based on the original idea of sustainable development, replacing the traditional understanding of corporate performance only as capital appreciation for owners (shareholders). Compared to the original concept of sustainable development which consists of environmental, social and economic performance, the so-called triple-bottom-line, it is broaden to the responsibilities and the impact of Corporate Governance on the corporate performance. The basic set of economic indicators has been constructed from a synthesis of resources developed by international organizations (Global Reporting Initiative, International Federation of Accountants) and research among manufacturing companies in the Czech Republic. The basic set of twenty-five key indicators is divided into seven groups: Costs, Investments, Economic Results, Asset and financial resources utilization, Suppliers reliability, Penalties and RandD expenses. Basic set of indicators was presented to 23 top-managers who quantified the potential effect of each indicator to the success and sustainability of their companies. Through the methods of descriptive statistics knowledge of the particularities of each indicator was obtained. Correlation analysis and factor analysis were applied in order to eliminate information duplicity and dimensionality reduction. The result is a reduction in the number of economic indicators, so that the loss of information on the influence of the original indicators on the corporate sustainability is minimized. Corporate sustainability indicators are a tool for measuring and managing progress towards sustainability goals and environmental, social and economic impacts.

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Identification and prioritization of corporate sustainability practices using analytical hierarchy process

Journal of Modelling in Management ◽

10.1108/jm2-09-2012-0030 ◽

2015 ◽

Vol 10 (1) ◽

pp. 23-49 ◽

Cited By ~ 28

Author(s):

Praveen Goyal ◽

Zillur Rahman ◽

Absar Ahmad Kazmi

Keyword(s):

Manufacturing Sector ◽

Corporate Sustainability ◽

Pollution Prevention ◽

Analytic Hierarchy ◽

Content Type ◽

Scarce Resources ◽

Sustainability Performance ◽

Corporate Sustainability Performance ◽

Sustainability Practices ◽

Hierarchy Process

Purpose – The purpose of this paper is to identify and prioritize the corporate sustainability practices to improve the corporate sustainability performance in the manufacturing sector. Further, these practices are being prioritized to find out the essential practices to ensure logical allocation of limited resources. Design/methodology/approach – It examines the corporate sustainability practices which have been shortlisted from both the literature review and experts judgment. Then, analytic hierarchy process has been used to assess the identified 12 practices of corporate sustainability and to find their priorities for improvement of the corporate sustainability performance. Findings – Based on the hierarchical model developed in this study, the analysis reveals market value, environment management and strategy, research and development, pollution prevention, corporate governance and investor responsibility, which have been found to be the most important practices in improving the corporate sustainability performance. Practical implications – The findings of the study would be useful to the practitioners in the proper allocation of scarce resources to optimize the corporate sustainability performance of firms, especially the manufacturing entities. Originality/value – It is a fact that multi-faceted nature of corporate sustainability includes both subjective and objective dimensions. Therefore, prioritization of corporate sustainability at the factor level is one of the important contributions to the literature that has been addressed in the present study. The results of this paper may be generalized to the other sectors.

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SIX STEPS IMPLEMENTATION FRAMEWORK FOR CORPORATE SUSTAINABILITY PERFORMANCE MANAGEMENT

Journal on Innovation and Sustainability RISUS ISSN 2179-3565 ◽

10.24212/2179-3565.2017v8i3p3-15 ◽

2017 ◽

Vol 8 (3) ◽

pp. 3 ◽

Cited By ~ 1

Author(s):

Muhammad Tasleem ◽

Nawar Khan ◽

Syed Tasweer Hussain Shah ◽

Muhammad Saleem ◽

Asim Nisar

Keyword(s):

Performance Management ◽

Corporate Sustainability ◽

Corporate Management ◽

Implementation Framework ◽

Sustainability Performance ◽

Sustainable Improvement ◽

Sustainable Performance ◽

Corporate Sustainability Performance ◽

Performance Dimensions ◽

And Performance

Managing sustainability practices holistically within firms is challenging and requires a sound and effective management framework that integrates all associated practices and performance dimensions to act for excellence. Corporate management is keen to adopt roadmap or a framework that can be useful in the identification, management and measurement of the drivers and can lead to desired outcomes relating to sustainable performance. This paper develops and presents a six-steps implementation framework for corporate sustainability performance and related practices keeping in account multifaceted managerial dimensions. These six steps include; identifying stakeholder’s requirements, establishing enterprise vision and sustainability goals, adopting strategies, systems and standardization, aligning technologies, core capabilities and culture, excelling sustainability performance, and progressing sustainable improvement with review and feedback. It also projects the perspective, theme and action items with regard to its effective.

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Corporate governance and corporate sustainability performance: evidence from the emerging Asian economies

International Journal of Business Governance and Ethics ◽

10.1504/ijbge.2021.10040385 ◽

2021 ◽

Vol 1 (1) ◽

pp. 1

Author(s):

Linh TX Nguyen

Keyword(s):

Corporate Governance ◽

Corporate Sustainability ◽

Sustainability Performance ◽

Corporate Sustainability Performance ◽

Asian Economies

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CEO behavior and sustainability performance: the moderating role of corporate governance

Property Management ◽

10.1108/pm-01-2021-0009 ◽

2021 ◽

Vol ahead-of-print (ahead-of-print) ◽

Author(s):

Amel Kouaib ◽

Asma Bouzouitina ◽

Anis Jarboui

Keyword(s):

Corporate Governance ◽

Real Estate ◽

Corporate Sustainability ◽

Least Square ◽

Content Type ◽

Sustainability Performance ◽

Corporate Sustainability Performance ◽

Good Corporate Governance ◽

Governance Practices ◽

The Impact

PurposeThis paper explores how the tension between a firm's CEO overconfidence feature and externally observable hubris attribute may determine the level of corporate sustainability performance. This work also contemplates the impact of the moderator “corporate governance practices.”Design/methodology/approachThis study uses a sample of 658 firm-year-observations using a sample of European real estate firms indexed on Stoxx Europe 600 Index from 2006 to 2019. To test the developed hypotheses, feasible generalized least square (FGLS) regression is applied.FindingsFindings suggest that a good corporate governance score strengthens the positive effect of the psychological bias (CEO overconfidence) on corporate sustainability performance while it fails to attenuate the negative effect of the cognitive bias (CEO hubris).Research limitations/implicationsThe research provides an overview of the impact of CEO personality traits on the corporate sustainability performance level in the European real estate sup-sector. As corporate governance can have a major impact to control these traits, the authors recommend European real estate companies to improve their corporate governance practices.Originality/valueThis study contributes to the existent literature this gap with two empirical novelties: (1) providing a novel insight into sustainability involvement using a sample of European real estate sup-sector and (2) investigating the moderating effect on the link between CEO psychological and cognitive biases and sustainability performance. This study provides empirical evidence that entrenchment problems arising from CEO hubris would not be mitigated by a good corporate governance practice.

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