Positioning Corporations as Sustainability Leaders

2022 ◽  
pp. 24-49
Author(s):  
Nicholas Palaschuk ◽  
Amr El Alfy ◽  
Jeffrey Wilson
Keyword(s):  
Sustainable Development ◽  
Corporate Sustainability ◽  
Sustainability Management ◽  
The Sustainable Development ◽  
Csr Strategies ◽  
Business Goals ◽  
Societal Needs ◽  
Development Goals ◽  
Definition Of ◽  
Corporate Social

This chapter explores the evolving field of corporate social responsibility (CSR) research and practices in the Sustainable Development Goals era. The authors introduce a contemporary definition of CSR reflective of the SDGs era. Section 1 provides an exploration of the conceptual and theoretical foundations underpinning the evolution of CSR approaches. Section 2 advocates for the SDGs framework in support of the proliferation of sustainability management across business settings. Section 3 delineates how adopting the SDGs as a framework for corporate sustainability can enhance corporate resilience towards economic shocks. Section 4 discusses strategic perspectives on corporate sustainability management and elaborates on the role of business in satisfying promises of sustainable development. Illuminating the legitimacy of the SDGs as a framework for positioning corporations as global sustainability leaders, this chapter serves as a roadmap outlining how business can advance their CSR strategies to align business goals with societal needs in a post-COVID-19 world.

scholarly journals From Stakeholder Communication to Engagement for the Sustainable Development Goals (SDGs): A Case Study of LG Electronics

2021 ◽  
Vol 13 (15) ◽  
pp. 8624
Author(s):  
Hannah Jun ◽  
Minseok Kim
Keyword(s):  
Sustainable Development ◽  
Private Sector ◽  
Stakeholder Engagement ◽  
Sustainable Development Goals ◽  
Corporate Sustainability ◽  
Sustainability Management ◽  
The Sustainable Development ◽  
Development Goals ◽  
Stakeholder Communication

While multi-stakeholder engagement is critical to achieving the Sustainable Development Goals (SDGs), there is less understanding in the literature about how the private sector can enhance such engagement at an institutional level. In this study, we examine the case of LG Electronics (LGE), one of South Korea’s most sustainable firms. This case study highlights the key strategies that LGE employed in engaging stakeholders for the SDGs, with a focus on stakeholder scope and engagement over three phases: (1) stakeholder communication; (2) stakeholder involvement; and (3) stakeholder engagement. In addition, this paper emphasizes governance mechanisms that facilitated more effective stakeholder engagement, including the company’s Corporate Sustainability Management (CSM) strategies, CSR Committee and Sustainability Management Council. These findings also highlight the usefulness of the common language provided by the SDGs in stakeholder engagement and provide practical implications for the private sector in contributing to the shared global agenda.

scholarly journals How Small and Medium-Sized Enterprises Can Uptake the Sustainable Development Goals through a Cluster Management Organization: A Case Study

2021 ◽  
Vol 13 (11) ◽  
pp. 5939
Author(s):  
Eduardo Jiménez ◽  
Marta de la Cuesta-González ◽  
Montserrat Boronat-Navarro
Keyword(s):  
Sustainable Development ◽  
Sustainable Development Goals ◽  
Corporate Sustainability ◽  
Management Tool ◽  
Cluster Management ◽  
Sustainability Management ◽  
The Sustainable Development ◽  
Development Goals ◽  
Management Organization

Even though many small and medium-sized enterprises (SMEs) realize the importance of the Sustainable Development Goals (SDGs) for their sustainable business development, they face difficulties when individually pursuing this target. This paper aims to provide cluster-based SMEs with a framework to facilitate the uptake of the SDGs through a cluster network model. By focusing on the case study of a furniture production Cluster Management Organization (CMO Habic a network-based approach to sustainability management is analyzed in order to integrate the SDGs framework into SMEs’ everyday language and day-to-day operations. Through a cluster model approach, industry-specific sustainability material issues are tackled jointly and with the aim of applying a common solution to a similar challenge, Lehi-ODS, an online sustainability management tool for SME self-evaluation, has been developed wherein the participating SMEs can gain an overarching knowledge about the UN 2030 Agenda, assess their own alignment with the SDGs and with respect to that of their peers, and prioritize initiatives to correctly deliver them. The main conclusion derived from the paper is that a CMO is deemed to be a valuable driver in identifying common sector-specific challenges of corporate sustainability and in addressing collectively the question of contributing to the SDGs.

scholarly journals Sustainable AI: AI for sustainability and the sustainability of AI

AI and Ethics ◽  
2021 ◽  
Author(s):  
Aimee van Wynsberghe
Keyword(s):  
Sustainable Development ◽  
Sustainable Development Goals ◽  
Ecological Integrity ◽  
Idea Generation ◽  
Computing Power ◽  
The Sustainable Development ◽  
Sociotechnical System ◽  
Societal Values ◽  
Development Goals ◽  
Definition Of

AbstractWhile there is a growing effort towards AI for Sustainability (e.g. towards the sustainable development goals) it is time to move beyond that and to address the sustainability of developing and using AI systems. In this paper I propose a definition of Sustainable AI; Sustainable AI is a movement to foster change in the entire lifecycle of AI products (i.e. idea generation, training, re-tuning, implementation, governance) towards greater ecological integrity and social justice. As such, Sustainable AI is focused on more than AI applications; rather, it addresses the whole sociotechnical system of AI. I have suggested here that Sustainable AI is not about how to sustain the development of AI per say but it is about how to develop AI that is compatible with sustaining environmental resources for current and future generations; economic models for societies; and societal values that are fundamental to a given society. I have articulated that the phrase Sustainable AI be understood as having two branches; AI for sustainability and sustainability of AI (e.g. reduction of carbon emissions and computing power). I propose that Sustainable AI take sustainable development at the core of its definition with three accompanying tensions between AI innovation and equitable resource distribution; inter and intra-generational justice; and, between environment, society, and economy. This paper is not meant to engage with each of the three pillars of sustainability (i.e. social, economic, environment), and as such the pillars of sustainable AI. Rather, this paper is meant to inspire the reader, the policy maker, the AI ethicist, the AI developer to connect with the environment—to remember that there are environmental costs to AI. Further, to direct funding towards sustainable methods of AI.

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.

Sustainable Development Goals and progressive business models for economic transformation

2019 ◽  
Vol 34 (6) ◽  
pp. 510-524 ◽  
Author(s):  
Jacob D Rendtorff
Keyword(s):  
Sustainable Development ◽  
Economic Development ◽  
Corporate Social Responsibility ◽  
Business Ethics ◽  
Social Responsibility ◽  
Sustainable Development Goals ◽  
Economic Transformation ◽  
The Sustainable Development ◽  
Development Goals ◽  
Corporate Social

This paper analyses the Sustainable Development Goals of the United Nations in the 2030 ‘Transforming the World’ Agenda, from 2015, as a contribution to business ethics and ethical economy. The Sustainable Development Goals combine political aims with visions of economic development and social justice and are therefore important for business ethics and corporate social responsibility. Thus, the Sustainable Development Goals constitute a driver for ethical economic development and social change. However, there is a need for critical analysis of the possibilities of Sustainable Development Goals of functioning as a vision and a strategic tool for management and governance. The aim of the paper is to investigate these possibilities of the Sustainable Development Goals of contributing to business ethics and ethical economy with mobilization of business, public institutions and organizations, and non-governmental organizations. After presenting the Sustainable Development Goals, the paper critically discusses their scope and potential for corporate social responsibility, business ethics and corporate sustainability. This involves the problem of how the Sustainable Development Goals can contribute to a transformation towards another economy. As a contribution to business ethics, the paper elaborates on partnerships for Sustainable Development Goals, sustainable performance management systems and the Sustainable Development Goal Compass with the aim of interpreting Sustainable Development Goals as a basis for progressive business ethics models.

Achieving the Sustainable Development Goals

2021 ◽  
pp. 280-295
Author(s):  
Nur Farhah Mahadi ◽  
Nor Razinah Mohd. Zain ◽  
Shamsuddeen Muhammad Ahmad
Keyword(s):  
Sustainable Development ◽  
Sustainable Development Goals ◽  
Empirical Studies ◽  
Financial Inclusion ◽  
Policy Makers ◽  
The Sustainable Development ◽  
Development Goals ◽  
Corporate Social ◽  
The Relationship

The purpose of this study is to explore the role of Islamic social finance towards realising financial inclusion in achieving nine of the seventeen goals of sustainable development goals (SDGs) which are SDG1, SDG2, SDG3, SDG4, SDG5, SDG8, SDG9, SDG10, and SDG17 in the 2030 agenda for SDGs, as propagated by United Nations Member States in 2015. Then, a critical analysis is made to explain the possible contribution of Islamic social finance in achieving financial inclusion which is aligned with SDGs that brings balanced to the physical, emotional, mental, and spiritual of the community in supporting overall economic growth which finally combats the economic impact of the COVID-19 pandemic. Further research and empirical studies can be conducted to explore the relationship between Islamic social finance, financial inclusion, and SDGs which in tandem with Maqᾱṣid al-Sharῑ῾ah to equip ourselves in unpredictable economic hiccups during COVID-19. The results may also motivate the financial industries to promote Islamic social finance products and corporate social responsibilities as well as enhance the development of Islamic social finance towards achieving financial inclusion in fulfilling SDGs which soon will provide significant social impacts as the results will enable new initiatives by industries and policy makers to develop Islamic social finance in attaining financial inclusion to achieve SDGs which is seen as being parallel with Maqᾱṣid al-Sharῑ῾ah especially in resolving economic issues of COVID-19.

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