scholarly journals Sustainability Transparency and Trustworthiness of Traditional and Blockchain Ecolabels: A Comparison of Generations X and Y Consumers

2021 ◽  
Vol 13 (15) ◽  
pp. 8469
Author(s):  
Rebekkah Navas ◽  
Hyo Jung (Julie) Chang ◽  
Samina Khan ◽  
Jo Woon Chong
Keyword(s):  
Generation Y ◽  
Environmental Responsibility ◽  
Business Practices ◽  
Mutual Benefit ◽  
Sustainable Business ◽  
Blockchain Technology ◽  
Sustainability Strategies ◽  
A Company

Consumers and professionals realize the importance of adopting social and environmental responsibility, but it is not easy for companies to implement transparent sustainability strategies that consumers can trust. Thus, it is often hard for consumers to compare brands to make conscious sustainability decisions. Blockchain technology is proposed as a bridge between ecolabels and industry initiatives as this technology provides the transparency of sustainable business practices. The objective of this study is to examine the effects of effectiveness, knowledge of the sustainability initiative, and trust in claims made by a company in ecolabels (i.e., traditional and blockchain ecolabels) on intention to buy products by comparing Generations X and Y. A total of 200 participants completed the survey. The results indicated that both the trust and knowledge measures were higher for the blockchain label than for the traditional ecolabel for Generation Y. Thus, the companies should determine how to effectively integrate this technology to the mutual benefit of the retailer and consumer by different generations.

Authenticity in business sustainability

2018 ◽  
Vol 9 (5) ◽  
pp. 666-684 ◽  
Author(s):  
Rubiná Mahsud ◽  
Jessica Ludescher Imanaka ◽  
Gregory E. Prussia
Keyword(s):  
Paradigm Shift ◽  
Business Practices ◽  
Sustainable Competitive Advantage ◽  
Mutual Benefit ◽  
Sustainable Business ◽  
Content Type ◽  
Business Sustainability ◽  
Course Of Action ◽  
Future Strategy ◽  
Corporate Social

PurposeThis paper critiques existing approaches to business sustainability and recommends a new course of action. This paper focuses the critique on sustainable business practices (SBP) and gaining sustainable competitive advantage (SCA), as they have increasingly been the focus of strategy and management scholars.Design/methodology/approachThe relative progress in the strategy and management domains is reviewed with regard to incorporation of concepts such as sustainability, corporate social responsibility and stakeholder theory. The defense industry is explored as a paradigmatic case of inauthentic sustainability.FindingsFindings reveal that existing constructs lack authentic sustainability, largely on account of the tendency of these discourses to privilege select stakeholders in the developed world. Strategic management research needs to evolve further to accommodate a broader, systemic and global focus that will yield authenticity in business sustainability. Mutual benefit for all stakeholders necessitates a paradigm shift in our thinking from competition to collaboration and creation.Practical implicationsWhen SBP and SCA get applied to certain industries, such as defense, they prop up a form of inauthentic sustainability. All global stakeholders must be included in sustainability frameworks, and some businesses, by their very definition, should not be sustained.Social implicationsMutual benefit for all stakeholders necessitates a paradigm shift in people’s thinking from competition to collaboration and creation. This paper suggests that Blue Ocean Strategy (BOS) can provide the requisite direction for future strategy scholarship so as to overcome existing limitations with SPB and SCA.Originality/valueThis paper suggests that BOS can provide the requisite direction for future strategy scholarship so as to overcome existing limitations with SPB and SCA.

scholarly journals A triple bottom line construct and reasons for implementing sustainable business practices in companies and their business networks

2015 ◽  
Vol 15 (4) ◽  
pp. 427-443 ◽  
Author(s):  
Nils M. Høgevold ◽  
Göran Svensson ◽  
H.B. Klopper ◽  
Beverly Wagner ◽  
Juan Carlos Sosa Valera ◽  
...  
Keyword(s):  
Environmental Sustainability ◽  
Triple Bottom Line ◽  
Business Practices ◽  
Business Networks ◽  
Sustainable Business ◽  
Bottom Line ◽  
Sustainable Practices ◽  
Content Type ◽  
Survey Results ◽  
A Company

Purpose – The purpose of this study is to test a Triple Bottom Line (TBL)-construct as well as to describe the TBL-reasons for implementing sustainable business practices in companies and their business networks. This study explores how linking these seemingly disparate pillars of sustainability may be facilitated through a TBL construct. The notion of sustainable business practices has been evolving and is increasingly understood to encompass considerations of economic viability, as well as environmental sustainability and social responsibility. Design/methodology/approach – The research is quantitative in nature, exploring and analysing how companies in different Norwegian industries implement and manage sustainable business practices based on TBL. The survey results are reported here. Findings – The relevance of TBL to different aspects of sustainable business practices is outlined. The study generally supports the view that a heightened propensity for sustainable business practices ensures that organisations are better equipped for meeting the challenge of integrating TBL in companies and their business networks. Research limitations/implications – The study tested a construct of TBL in the context of sustainable business practices. It may be incorporated in further research in relation to other constructs. Suggestions for further research are proposed. Practical implications – Useful for practitioners to get insights into TBL-reasons for implementing business-sustainable practices in companies and their business networks. It may also be valuable to assess the general status of business-sustainable practices in a company and their business networks. Originality/value – Linking two traditionally separate and encapsulated areas of research, namely, the area of business sustainable practices and the area of TBL. The current study has contributed to a TBL-construct in relation to other constructs in measurement and structural models. It has also contributed to provide insights of priority into the main reasons to implement the elements of TBL within companies and their business networks.

Environmental accounting as perspective for hotel sustainability: literature review

2014 ◽  
Vol 20 (1) ◽  
pp. 103-120
Author(s):  
Sandra Janković ◽  
Dubravka Krivačić
Keyword(s):  
Literature Review ◽  
Environmental Accounting ◽  
Environmental Responsibility ◽  
Business Practices ◽  
Environmental Footprint ◽  
Sustainable Business ◽  
Environmentally Sustainable ◽  
Reporting Practice ◽  
Environmental Objectives

Purpose – Competitive environment and numerous stakeholders’ pressures are forcing hotels to comply their operations with the principles of sustainable development, especially in the field of environmental responsibility. Therefore, more and more of them incorporate environmental objectives in their business policies and strategies. The fulfilment of the environmental objectives requires the hotel to develop and implement environmentally sustainable business practices, as well as to implement reliable tools to assess environmental impact, of which environmental accounting and reporting are particularly emphasized. The purpose of this paper is to determine the development of hotel environmental accounting practices, based on previous research and literature review. Approach – This paper provides an overview of current research in the field of hotel environmental accounting and reporting, based on established knowledge about hotel environmental responsibility. The research has been done according to the review of articles in academic journals. Conclusions about the requirements for achieving hotel long-term sustainability have been drawn. Findings – Previous studies have shown that environmental accounting and reporting practice in hotel business is weaker when compared to other activities, and that most hotels still insufficiently use the abovementioned instruments of environmental management to reduce their environmental footprint and to improve their relationship with stakeholders. The paper draws conclusions about possible perspectives that environmental accounting has in ensuring hotel sustainability. Originality – The study provides insights into the problem of environmental responsibility of hotels, from the standpoint of environmental accounting and reporting, as tools for assessing hotel impact on the environment and for improving its environmentally sustainable business practice. The ideas for improving hotel environmental efficiency are shaped based on previous findings.

Role of Positive Emotions in Organisational Coping

2015 ◽  
Vol 4 (2and3) ◽  
Author(s):  
Vibhuti Gupta ◽  
Devalina
Keyword(s):  
Positive Emotions ◽  
Employee Performance ◽  
Empirical Studies ◽  
Good Health ◽  
Charismatic Leadership ◽  
Coping Resources ◽  
Business Practices ◽  
Sustainable Business ◽  
Self Evaluation ◽  
Support Layout

The broaden-and-build theory of positive emotions postulated by Barbara L. Fredrickson proposes that emotions like joy, interest, contentment, and love enable an individual to broaden his/her patterns of thinking and acting, which in turn build the personal coping resources, whether intellectual, physical, social, or psychological, by way of creating novel ideas, actions or social relationships. This paper is a review of 15 empirical studies carried out during 1998-2012 that support the contributions of this theory to the creation of a healthy workplace by fostering positive emotions in employees. Positive emotions were found to be pivotal in enhancing employee performance, encouraging innovation and creativity that result in sustainable business practices, helping organizations make good decisions, facilitating work-flow and motivation, developing authentic and charismatic leadership styles, job enrichment, better team performance, and satisfactory customer relations. A link between positive emotions and an upward spiral of personal and organizational resources has also been established where positive self-evaluation, development of resilience, a climate of social support, layout of clearer goals, high quality social-interaction, good health and productivity of workers have been found to promote effective coping.

scholarly journals Editorial: Sustainable Waste Management Innovations: Developing New Ventures for Improved Health and Environmental Wellbeing

2021 ◽  
Vol 13 (13) ◽  
pp. 7132
Author(s):  
Joseph Amankwah-Amoah ◽  
Frederick Ahen
Keyword(s):  
Waste Management ◽  
New Ventures ◽  
Business Practices ◽  
Special Issue ◽  
Sustainable Waste Management ◽  
Sustainable Business

In this Editorial, we synthesise the articles in the Special Issue with unique insights into sustainable waste management innovations and sustainable business practices [...]

scholarly journals An Analysis on the NASDAQ’s Potential for Sustainable Investment Practices during the Financial Shock from COVID-19

2021 ◽  
Vol 13 (7) ◽  
pp. 3748
Author(s):  
Rachel Shields ◽  
Samer Ajour El Zein ◽  
Neus Vila Brunet
Keyword(s):  
Business Practices ◽  
Sustainable Business ◽  
Global Crisis ◽  
The Sustainable Development ◽  
Sustainable Investment ◽  
Development Goals ◽  
Sustainable Investments ◽  
Corporate Social ◽  
The Garch Model ◽  
Difficult Times

There is a growing demand for sustainable business practices and for sustainable and impact investment as has been signaled by the Sustainable Development Goals ratified by all the United Nations members. However, there is not that much evidence on how sustainable investments perform during crises compared to regular investments. This paper investigates if sustainable investments within the NASDAQ have a lower volatility rate when reacting to a significant global crisis such as the COVID-19 pandemic. It groups the shares of businesses with Corporate Social Responsibility (CSR) practices that are ranked 70% or higher given by CSRHub, Inc. and compares it to business shares with the lowest-ranked CSR business practices at 30% or lower. The top 30% and bottom 30% CSR stocks’ volatility will be predicted using variations of the GARCH model. The top 30% CSR stocks of the NASDAQ had a lower rate of volatility for a global crisis than the bottom 30% CSR stocks. Technology is the only sector whose top 30% showed higher volatility. However, the top 30% of companies in the Health Care and Utilities sectors show a higher increase in returns and a lower drop in returns. These results signal the higher uncertainty associated with some cutting-edge products and services offered by the top 30% of technology companies and the preference for more established companies that offer higher quality services when it comes to satisfying basic needs such as health and utilities in difficult times.

Sign in / Sign up

Export Citation Format

Share Document