EVOLUTION OF SUSTAINABLE DEVELOPMENT THEORY: EMERGENCE OF NEW THEORIES

2016 ◽  
Vol 4 (4) ◽  
pp. 451-460
Author(s):  
Н Ватолкина ◽  
N Vatolkina ◽  
Альбина Левкина ◽  
Albina Levkina
Keyword(s):  
Sustainable Development ◽  
Corporate Sustainability ◽  
Green Economy ◽  
Development Theory ◽  
Theoretical Justification ◽  
Social Sphere ◽  
New Approaches ◽  
Corporate Social ◽  
Relationship Of

The article discusses the evolution of the concept of sustainable development at the present stage in the context of the emergence of new approaches providing theoretical justification and instrument set for this concept. An overview of the new approaches is undertaken in the context of the three spheres of sustainable development: ecological sphere – circular economy and bio-economy; social sphere – the concept of corporate social responsibility; the economic sphere – the concept of corporate sustainability. The concept of "green economy" and theory of resilience thinking are considered by the authors as promising theories that may provide a new quality of relationship of interdependence of the components of sustainable development.

scholarly journals Company’s strategic success as the basis of its potential sustainability

2020 ◽  
Vol 166 ◽  
pp. 12002
Author(s):  
Oliver Orlov ◽  
Kathrin Dumanska ◽  
Nataliya Ponomaryova ◽  
Dmytro Kobets
Keyword(s):  
Sustainable Development ◽  
Corporate Sustainability ◽  
Competitive Advantages ◽  
Economic Dimension ◽  
The Sustainable Development ◽  
Foreign Companies ◽  
Industrial Companies ◽  
Planning Processes ◽  
Strategic Success ◽  
Corporate Social

The study of corporate sustainability is becoming more relevant in the world economy, thus the connection between global economic processes and political, environmental and society problems was revealed by authors. Given research is devoted to the analysis of the processes of sustainability of Ukrainian and foreign companies. The results of studies of scientific works and interviews with different countries businessmen showed that the sustainable development of the same company should be considered in several directions, namely, in economic, social and environmental. Supporting new institutional concept research that focuses on the sector problems of company’s stability, we have compared theories of corporate sustainability and corporate social responsibility and highlighted the economic dimension as a basis of company’s sustainable development. As a result of our research in economic directions of corporate sustainability the Methodology of evaluation of company’s sustainability potential was proposed. The suggested methodology can ensure corporate sustainability for the strategic period. Proposed in the paper methodology assesses the strategic potential of company’s success, its competitive status and capacity potential, and transform capabilities into competitive advantages. The implementation of the Methodology of evaluation of company’s sustainability potential, according to authors view point, can be proposed as the basis of strategic management in forecasting and planning processes in industrial companies.

The transformation of corporate sustainability model in the context of achieving the UN SDGs: evidence from the leading Russian companies

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Yury E. Blagov ◽  
Anastasia A. Petrova-Savchenko
Keyword(s):  
Sustainable Development ◽  
Model Transformation ◽  
Corporate Social Performance ◽  
Corporate Sustainability ◽  
Current Status ◽  
Future Research ◽  
Business Practices ◽  
Content Type ◽  
Corporate Social ◽  
Sustainability Model

Purpose The purpose of this paper is to explore the current status and identify the main trends in leading Russian companies’ corporate sustainability model transformation in the context of achieving the United Nations Sustainable Development Goals (UN SDGs). Design/methodology/approach A theoretical approach is based on the interpretation of corporate sustainability model transformation within the corporate social performance (CSP) framework. The corporate sustainability model is described according to Dyllick and Muff (2016) business sustainability (BST) 1.0-3.0 spectrum. The analysis is settled on survey data collected from leading Russian companies participated in the “Report on Social Investments in Russia” project conducted by the Russian Managers Association from 2008 to 2019. Findings This paper finds that the BST 2.0 is becoming a dominant model based on the “creating shared value” goal. The related CSP is characterized by their orientation to the principles of the UN Global Compact; by the emergence of a coordinating role for specialized departments of corporate social responsibility (CSR) and/or sustainability; and by the regular sustainability reporting. The SDGs are generally correlated with responsible business practices that are already in existence in companies. The emerging trend towards the advanced BST 3.0 model including the SDGs integration into the main business processes is constrained by the lack of active cooperation between companies. Research limitations/implications The research sample includes only large Russian companies with a significant industry diversity, participating in the “Report on Social Investments in Russia” project, thereby restricting the analysis of non-participants. The relatively low repetition of participants in this long-term project does also restrict the degree of generalization. Future research could be based on the findings of this paper to create and test hypotheses via a nationwide study of Russian businesses as well as cross-national comparative studies. Practical implications The analysis of the corporate sustainability model transformation through studying the key CSP framework elements could support Russian companies in creating systemic changes of their principles, processes and outcomes measurements in the context of achieving the UN SDGs. Originality/value This study contributes to existing literature by combining the corporate sustainability model transformation analysis with the CSP framework. It describes the experience of large Russian companies that publicly position themselves as national leaders in the field of CSR and sustainable development.

scholarly journals The Green Economy Perspective of Batu City: Calculating Depletion in the Tourism Sector

2021 ◽  
Author(s):  
Muhammad Hasyim Ibnu Abbas ◽  
Hadi Sumarsono ◽  
Farida Rahmawati ◽  
Inayati Nuraini Dwiputri
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Economic Development ◽  
Natural Resources ◽  
Resource Depletion ◽  
Green Economy ◽  
Short Term ◽  
Tourism Sector ◽  
Conservation Of Natural Resources

The concept of sustainable development has begun to be developed, namely in line with current needs and without endangering future generations. In addition to focusing on environmental issues, this concept covers economic development, environmental protection and social development. However, this concept still tends to focus on short- term economic development. With the limitation of the State Revenue and Expenditure Budget (APBN) and the resources we have, it is not surprising that policymakers prefer shortcuts. As a result, the quality of economic growth has deteriorated. One of the efforts to harmonize the needs of economic growth and conservation of natural resources is the concept of a Green Economy. This article discusses how to calculate economic development as seen from the amount of Gross Domestic Product (GDP) from a Green Economy perspective. Batu City, as a tourism city that relies on natural conditions and its environment, needs to analyze its economic development from a Green Economy perspective in order to be sustainable. This article aimed to analyze the depletion of natural resources of the sub-sector “Provision of Accommodation and Food – Beverage” which supports tourism in Batu City. The results showed that in 2015-2019, natural resource depletion increased every year. Keywords: Sustainable Development, Green Economy, Depletion, Natural Resources

Challenges and Opportunities of the Sustainability in Healthcare

2020 ◽  
pp. 120-149
Author(s):  
Katarzyna Malgorzata Miszczyńska
Keyword(s):  
Public Health ◽  
Sustainable Development ◽  
Sustainable Development Goals ◽  
Health Condition ◽  
The Sustainable Development ◽  
Challenges And Opportunities ◽  
Development Goals ◽  
The Individual ◽  
Relationship Of

Public health, affecting the operations of the entity and its environment, plays an important role in the concept of sustainable development. Health condition affects the quality of life of the individual thus the condition of the economy. Taking into consideration the complex relationship of public health and the concept of Sustainable Development Goals, the analysis seems to be fully justified. The aim of the analysis is to determine challenges and opportunities of the sustainability of selected United Nations Member States healthcare sectors. Particular emphasis in the analysis was placed on the situation of the Polish sector against the background of the analyzed countries. The analysis was based on the Sustainable Development Goals and was carried out using one of the MCDA method.

The Corporate Social Responsibility on Capital Market

2021 ◽  
pp. 219-253
Author(s):  
Mirela Panait ◽  
Razvan Ionescu ◽  
Irina Gabriela Radulescu ◽  
Husam Rjoub
Keyword(s):  
Climate Change ◽  
Sustainable Development ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Stock Exchange ◽  
Emerging Market ◽  
Green Economy ◽  
Stock Exchanges ◽  
Complex Process ◽  
Corporate Social

The challenges generated by climate change have led to a greater involvement of companies in promoting the principles of sustainable development, one of the tools used being social responsibility programs. International organizations have launched various initiatives or principles to support companies in this complex process of transition to the green economy. The authors focused their analysis on the involvement of stock exchanges in the process of promotion of corporate social responsibility. The objective of this chapter is to identify the main tools used by stock exchanges in order to model the behavior of listed companies. In particular, the activity of the Bucharest Stock Exchange was analyzed. Even if it is an emerging market, the efforts made by this stock exchange and the results obtained can be used as a benchmark by stock exchanges in the region.

scholarly journals The Rise of Corporate Social Responsibility: A Tool for Sustainable Development for the SMEs in Saudi Arabia

2015 ◽  
Vol 11 (1) ◽  
pp. 54 ◽  
Author(s):  
Muhammad Adnan Khurshid ◽  
Abdullah Mohammed Aldakhil ◽  
Muhammad Moinuddin Qazi Abro ◽  
Alamzeb Aamir ◽  
Omair Mujahid Malik
Keyword(s):  
Sustainable Development ◽  
Saudi Arabia ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Small And Medium Enterprises ◽  
Arab Countries ◽  
Green Economy ◽  
Business Organizations ◽  
Medium Enterprises ◽  
Corporate Social

<p>The Corporate Social Responsibility (CSR) concept is not a new phenomenon for the Small and Medium Enterprises (SMEs) operating in the Saudi Arabia. Saudi Arabian government has taken many initiatives in this regard. Arab forum for Environment and Development (AFED ) in their 2008 report have confirmed that the Arab countries have to shift their focus on the green economy to achieve sustainable development and this is possible if CSR is being successfully implemented in all the business organizations specially SMEs. Therefore, the focus of this paper is to analyze the awareness of SMEs regarding the concept of CSR and their efforts towards the CSR for a greener Saudi Arabia. </p>

scholarly journals Corporate Social Responsibility, Sustainability, Sustainable Development and Corporate Sustainability: What Is the Difference, and Does It Matter?

2021 ◽  
Vol 13 (11) ◽  
pp. 5965
Author(s):  
Benedict Sheehy ◽  
Federica Farneti
Keyword(s):  
Sustainable Development ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Policy Development ◽  
Corporate Sustainability ◽  
Public And Private ◽  
Policy Goals ◽  
The Difference ◽  
Policy Agendas ◽  
Corporate Social

The terms “corporate social responsibility” (CSR), “sustainability”, “sustainable development” and “corporate sustainability” (CS) are critical terms for developing, analysing and evaluating public and private policy goals. These terms are used to make decisions about investment, policy development, and strategy creation. The terms emerged in different fields of endeavour at different points in time. Accordingly, they have different meanings; however, over time they have come to be used interchangeably mixing up policy agendas, confusing managers, regulators, activists and the public at large. We demonstrate that CSR is the best term for focusing on individual business organisations, “corporate sustainability” is an organisation level environmental policy, “sustainable development” is a public policy, and “sustainability” is the broadest term encompassing global local and organisational levels.

scholarly journals Family Firms and Coupling among CSR Disclosures and Performance

2021 ◽  
Vol 11 (1) ◽  
pp. 30 ◽  
Author(s):  
Javier Parra-Domínguez ◽  
Fátima David ◽  
Tania Azevedo
Keyword(s):  
Decision Making ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Empirical Evidence ◽  
Family Firms ◽  
Corporate Sustainability ◽  
Wide Gap ◽  
And Performance ◽  
Corporate Social

This paper aims to analyse the behaviours related to the decoupling of the disclosed information on Corporate Social Responsibility (CSR) and corporate sustainability, deepening these practices’ knowledge within family businesses. For this purpose, we defined decoupling as a gap between social responsibility performance (internal actions) and disclosures (external actions). For a sample of 33,809 observations for the period 2011–2019, corresponding to 5029 companies, 19% being family firms, our empirical evidence supports that family firms present a less wide gap between performance and disclosure, confirming the prevalence of socioemotional wealth dimensions in the decision-making of these companies. In firms without controlled shareholders, the quality of nonfinancial reporting could be understood as ambiguous, understanding that the most useful CSR information is found in the reports of family-owned companies.

Sign in / Sign up

Export Citation Format

Share Document