Current issue
Archive
About the Journal
About
Editorial Office
Scientific Board
Abstract & Indexing
Contact
Reviewers list
Editorial Policies
Authorship & COI
Ethical principles
Crossmark
Principles of Transparent Checklist
Open access
Instruction for Authors
Guidelines for Authors
Manuscript Types
Manuscript structure
How to submit
Benefits, challenges and opportunities of corporate sustainability
1
Ph.D., Technological Institute of Sonora
2
Ph.D., Autonomous University of Baja California
Online publication date: 2021-08-10
Management 2021;25(1):51-74
KEYWORDS
JEL CLASSIFICATION CODES
Q01
M1
ABSTRACT
The topic of corporate sustainability has gained importance in recent years; unfortunately, confusion persists as to what it represents for businesses and academics. This review of the literature aims to analyse concepts and models related to corporate sustainability and to emphasize the most representative recent findings regarding the benefits, challenges, and opportunities of corporate sustainability. First, a series of benefits are identified, including improved quality, image and reputation for organizations. Second, challenges are recognized, such as the high cost of investment and the lack of consideration of cultural factors, collaboration and innovation. Opportunities are then presented, for example, the implementation of sustainability through life cycle management, the “Eden Project” and analysis of strengths, weaknesses, opportunities and threats (SWOT), among others. Finally, the need to achieve the benefits, take advantage of the opportunities and face the challenges of corporate sustainability in order to balance environmental, social and economic development is highlighted.
REFERENCES (68)
1.
Aigner, D. J., & Lloret, A. (2013). Sustainability and competitiveness in Mexico. Management Research Review, 36(12), pp. 1252-1271. http://dx.doi.org/10.1108/MRR-....
2.
Arenas, D., Fosse J., & Murphy M. (2011). Acciona: a process of transformation towards sustainability. Journal of Management Development, 30(10), pp. 1027-1048. http://dx.doi.org/10.1108/0262....
3.
Azapagic, A. (2003). Systems approach to Corporate Sustainability: A General Management Framework. Trans I Chem E, 81, pp. 303-316. http://dx.doi.org/10.1007/s105....
4.
Balkau, F., & Sonnemann, G. (2010). Managing sustainability performance through the value-chain. Corporate Governance: The international journal of business in society, 10(1), pp. 46-58. http://dx.doi.org/10.1108/1472....
5.
Bekele, A., Bosona, T., Nordmark, I., Gebresenbet, G., & Ljungberg D. (2012). Assessing the Sustainability of Food Retail Business: The Case of Konsum Värmland, Sweden. Journal of Service Science and Management, 5, pp. 373-385. http://dx.doi.org/10.4236/jssm....
6.
Betts, T. K., Wiengarten, F., & Tadisina, S.K. (2015). Exploring the impact of stakeholder pressure on environmental management strategies at the plant level: what does industry have to do with it? Journal of Cleaner Production, 92, pp. 282-294. http://dx.doi.org/10.1016/j.jc....
7.
Bonilla-Priego, Font, X., & Pacheco-Olivares, M.R. (2014). Corporate sustainability reporting index and baseline data for the cruise industry. Tourism Management, 44, pp. 149-160. http://dx.doi.org/10.1016/j.to....
8.
Cetinkaya, B., Cuthbertson, R., Ewer, G., Klaas-Wissing, T., Piotrowicz, W., & Tyssen, C. (2011). Sustainable supply chain management: practical ideas for moving towards best practice. Heidelberg, Germany: Springer. http://dx.doi.org/10.1007/978-....
9.
Chaabanen, A., Ramudhin, A., & Paquet, M. (2012). Design of sustainable supply chains under the emission trading scheme. International Journal of Production Economics, pp. 135, 37-49. http://dx.doi.org/10.1016/j.ij....
10.
Chardine-Baumann, E., & Botta-Genoulaz, V. (2014). A framework for sustainable performance assessment of supply chain management practices. Computers & Industrial Engineering, pp. 76, 138–147. http://dx.doi.org/10.1016/j.ci....
11.
Chen, J. C. (2015). From sustainability to customer loyalty: A case of full service hotels’ guests. Journal of Retailing and Consumer Services, 22, pp. 261–265. http://dx.doi.org/10.1016/j.jr....
12.
Christ, K. L., Burritt, R. L., & Varsei, M. (2017). Coopetition as a Potential Strategy for Corporate Sustainability. Business Strategy and the Environment, 26(7), pp. 1029–1040. doi:10.1002/bse.1967.
13.
Creswell, J.W. (2009). Research design: Qualitative, quantitative, and mixed methods approaches. (Third ed.): SAGE.
14.
Dhanda, K.K. (2013). Case Study in the Evolution of Sustainability: Baxter International Inc. Journal of Business Ethics, 112, pp. 667–684. http://dx.doi.org/10.1007/s105....
15.
Duic, N., Urbaniec, K., & Huisingh, D. (2015). Components and structures of the pillars of sustainability. Journal of Cleaner Production, 88, pp. 1-12. http://dx.doi.org/10.1016/j.jc....
16.
Dunphy, D., & Benveniste, J. (2012). An introduction to the sustainable corporation. In D. Dunphy, Benveniste, J., Griffiths, A. & Sutton, P. (Eds.), Sustainability: The Corporate Challenge of the 21st Century (pp. 3-18): Markono Print Ltd.
17.
Elkington, J. (1997). Cannibals with forks. The Triple bottom line of 21st Century Business, Capstone publishing limited, United Kingdom.
18.
Fava, M., & Thomé, L. (2008). Agronegocio y desarrollo sustentable. Agroalimentaria, 14(27), pp. 43-53. Retrieved from http://www.redalyc.org/pdf/199....
19.
Formentini, M., & Taticchi, P. (2015). Corporate sustainability approaches and governance mechanisms in sustainable supply chain management. Journal of Cleaner Production, pp. 1-14. http://dx.doi.org/10.1016/j.jc....
20.
Gjerdrum-Pedersen, E. R., Henriksen, M.H., Frier, C. Soby, J., & Jennings, V. (2013). Stakeholder thinking in sustainability management: the case of Novozymes. Social Responsibility Journal, 9(4), pp. 500-515. http://dx.doi.org/10.1108/SRJ-....
21.
Guetat, H., Jarboui, S., & Boujelbene, Y. (2015). Evaluation of hotel industry performance and corporate governance: A stochastic frontier analysis. TourismManagement Perspectives, 15, pp. 128–136. http://dx.doi.org/10.1016/j.tm....
22.
Haapasaari, A., & Kerosuo, H. (2014). Transformative agency: The challenges of sustainability in a long chain of double stimulation. Learning, Culture and Social Interaction, 2014. doi: http://dx.doi.org/10.1016/j.lc....
23.
Hahn, T., Pinkse, J., Preuss L., & Figge, F. (2015). Tensions in corporate sustainability: Towards an integrative Framework. Journal Of Business Ethics, 127 (2), pp. 297-316. https://doi.org/10.1007/s10551....
24.
Hahn, T., Figge, F. Pinkse, J., & Preuss L. (2018). A Paradox Perspective on Corporate Sustainability: Descriptive, Instrumental, and Normative Aspects, Journal Of Business Ethics 148 (2), 235-248.
25.
Haywood, L., Hartley Trotter, D., Faccer K., & Colin Brent, A. (2013). The diversity of the practice of corporate sustainability. World Journal of Entrepreneurship, Management and Sustainable Development, 9(2/3), pp. 111-125. http://dx.doi.org/10.1108/WJEM....
26.
Hunt, L. (2013). Business Improvement Sustainability Frameworks and Indicators: Literature Review (2013). The NZ Sustainability Dashboard Research Report 13/05. ARGOS. Retrieved from www.nzdashboard.org.nz.
27.
Ionescu, V. C. (2009). The internal potential of the sustainable organization. Economic, social, political and cultural problems of the future society, 10, pp. 52-59. Retrieved from file:///C:/Users/labcisco/Downloads/521_1007.pdf.
28.
Ivory, S. B., & Brooks, S. B. (2017). Managing Corporate Sustainability with a Paradoxical Lens: Lessons from Strategic Agility. Journal of Business Ethics, 148(2), pp. 347–361. doi:10.1007/s10551-017-3583-6.
29.
Jayne, P. (2015). Driving sustainability to business success: The DS Factor Management System Integration and Automation. New Jersey, USA: John Wiley & Sons.
30.
Jerónimo Silvestre, W., Antunes, P., & Leal Filho, W. (2016). The corporate sustainability typology: analysing sustainability drivers and fostering sustainability at enterprises. Technological and Economic Development of Economy, 24(2), pp. 513–533. doi:10.3846/20294913.2016.1213199.
31.
Johnston, P., Everard, M., Santillo, D., & Robert, K.H. (2007). Reclaiming the Definition of Sustainability. Environmental. Science and Pollution Research International, 14(1), pp. 60–66. http://dx.doi.org/10.1065/espr....
32.
Jorgensen, A.L., & Knudsen, J.S. (2006). Sustainable competitiveness in global value chains: how do small Danish firms behave? Corporate Governance: The international journal of business in society, 6(4), pp. 449-462. http://dx.doi.org/10.1108/1472....
33.
Kajikawa, Y. (2008). Research core and framework of sustainability science. Sustainability Science, 3 (2), pp. 215–239. http://dx.doi.org/10.1007/s116....
34.
Kidd, C. (1992). The Evolution of Sustainability. Journal of Agricultural and Environmental Ethics (1992), pp. 1-26. http://dx.doi.org/10.1007/BF01....
35.
Kohler, T. A. (1992). The Prehistory of Sustainability. . Population and Environment: A Journal of Interdisciplinary Studies, 13(4), pp. 1-6.
36.
Kucuksayrac, E. (2015). Design for sustainability in companies: strategies, drivers and needs of Turkey’s best performing businesses. Journal of Cleaner Production, 106, pp. 455-465. http://dx.doi.org/10.1016/j.jc....
37.
Kudlak, R., & Low, K. (2015). Special Issues Dedicated to CSR and Corporate Sustainability: A Review and Commentary. Long Range Planning, 48, pp. 215-227. http://dx.doi.org/10.1016/j.lr....
38.
Lamberton, G. (2005). Sustainability accounting a brief history and conceptual framework. Accounting Forum, 29, pp. 7-26. http://dx.doi.org/10.1016/j.ac....
39.
Linnenluecke, M. K., & Griffiths, A. (2013). Firms and sustainability: Mapping the intellectual origins and structure of the corporate sustainability fiel. Global Environmental Change, 23, pp. 382–391. http://dx.doi.org/10.1016/j.gl....
40.
Lorenz, D., & Lützkendorf, T. (2008). Sustainability in property valuation: theory and practice. Journal of Property Investment & Finance, 26(6), pp. 482–521. http://dx.doi.org/10.1108/1463....
41.
Lozano, R. (2012). Towards better embedding sustainability into companies’ systems: an analysis of voluntary corporate initiatives. Journal of Cleaner Production, 25, pp. 14-26. http://dx.doi.org/10.1108/1472....
42.
Lyon T.P., Delmas M.A., Maxwell J.W., Bansal P., Chiroleu-Assouline M., Crifo P.,Durand R., Gond J. P., King A., Lenox M., Toffel M., Vogel D., & Wijen F.(2019). CSR Needs CPR: Corporate sustainability and politics, California Management Review 60(4), 5 –24. https://doi.org/10.1177/000812....
43.
Maffini-Gomes, C., Marques Kneipp, J., Kruglianskasb, I., Barbieri Da Rosaa, L.A., & Schoproni Bichuetiaa R. (2015). Management for sustainability: An analysis of the key practices according to the business size. Ecological Indicators, 52, pp. 116–127. http://dx.doi.org/10.1016/j.ec....
44.
Mathiyazhagan, K., Govindan, K., Noorulhaq, A., & Geng, Y. (2013). An ISM approach for the barrier analysis in implementing green supply chain management. Journal of Cleaner Production, 47, pp. 283-297. http://dx.doi.org/10.1016/j.jc....
45.
Mebratu, D. (1998). Sustainability and sustainable development: historical and conceptual review. Environmental Impact Assessment Review, 18(6), pp. 493–520.
46.
Morris, M. (2012). Sustainability: An Exercise in Futility. International Journal of Business and Management, 7(2), pp. 36-44. http://dx.doi.org/10.5539/ijbm....
47.
Mysen, T. (2012). Sustainability as corporate mission and strategy. European Business Review, 24(6), pp. 496-509. http://dx.doi.org/10.1108/0955....
48.
Nystrom, M. E., Strehlenert, H., Hansson, J., & Hasson, H. (2014). Strategies to facilitate implementation and sustainability of large system transformations: a case study of a national program for improving quality of care for elderly people. BMC Health Services Research, pp. 14-401. http://dx.doi.org/10.1186/1472....
49.
Ogrean, C., & Herciu, M. (2018). Corporate Sustainability – From a Fuzzy Concept to a Coherent Reality, Studies in Business and Economics, 13(1), pp. 112-127.doi: https://doi.org/10.2478/sbe-20....
50.
Oswald, M. (2008). Rating the Sustainability of Transportation Investments: Corridors as a Case Study. MI, USA: ProQuest.
51.
Parisi, C. (2013). The impact of organisational alignment on the effectiveness of firms’ sustainability strategic performance measurement systems: an empirical analysis. Journal of Management & Governance, 17, pp. 71–97. http://dx.doi.org/10.1007/s109....
52.
Pedersen, E. R. G., Gwozdz, W., & Hvass, K. K. (2016). Exploring the Relationship Between Business Model Innovation, Corporate Sustainability, and Organisational Values within the Fashion Industry. Journal of Business Ethics, 149(2), pp. 267–284. doi:10.1007/s10551-016-3044-7.
53.
Perego, P., & Kolk, A. (2012). Multinationals’ Accountability on Sustainability: The Evolution of Third-party Assurance of Sustainability Reports. Journal of Business Ethics, (110), pp. 173–190. http://dx.doi.org/10.1007/s105....
54.
Pesonen, H. L., & Horn, S. (2013). Evaluating the Sustainability SWOT as a streamlined tool for life cycle sustainability assessment. International Journal of Life Cycle Assessment, (18), pp. 1780–1792. http://dx.doi.org/10.1007/s113....
55.
Renukappa, S., Egbu, C. Akintoye, A., & Goulding, J. (2012). A critical reflection on sustainability within the UK industrial sectors. Construction Innovation, 12(3), pp. 317-334. http://dx.doi.org/10.1108/1471....
56.
Rocha-Vencato, C. H., Maffini-Gomes, C., Scherer, F.L., Marques Kneipp, J., & Schoproni Bichueti, R. (2014). Strategic sustainability management and export performance. Management of Environmental Quality: An International Journal, 25(4), pp. 431-445. http://dx.doi.org/10.1108/MEQ-....
57.
Salzmann, O., Ionescu-Somers, A., & Steger, U. (2005). The Business Case for Corporate Sustainability: Literature Review and Research Options. European Management Journal, 23(1), pp. 27–36. http://dx.doi.org/10.1016/j.em....
58.
Schacht, K., Leal Filho, W., Koppe, W., Struksnaes, G., & Busch-Stockfisch, M. (2010). Sustainability as a new paradigm regarding food consumption. British Food Journal, 112(5), pp. 476-488. http://dx.doi.org/10.1108/0007....
59.
Staub, S., Kaynak. R., & Gok, T. (2015). What affects sustainability and innovation - Hard or soft corporate identity? Technological Forecasting & Social Change. http://dx.doi.org/10.1016/j.te....
60.
Strand, R. (2014). Strategic Leadership of Corporate Sustainability. Journal of Business Ethics, 123(2014), pp. 687–706. http://dx.doi.org/10.1007/s105....
61.
Thompson, P. B. (1992). The Varieties of Sustainability. Agriculture and Human Values, Summer pp. 11-19. http://dx.doi.org/10.1007/BF02....
62.
Van Loo, E. J., Caputo, V., Nayga Jr., R.M., Seo, H.S., Zhang, B., & Verbeke, W. (2015). Sustainability labels on coffee: Consumer preferences, willingness-to-pay and visual attention to attributes. Ecological Economics, 118, pp. 215–225. http://dx.doi.org/10.1016/j.ec....
63.
Vildåsen, S. S., & Havenvid, M. I. (2018). The role of interaction for corporate sustainability. IMP Journal, 12(1), pp. 148–170. doi:10.1108/imp-05-2017-0016.
64.
Wagner, M. (2010). The role of corporate sustainability performance for economic performance: A firm-level analysis of moderation effects. Ecological Economics, 69, pp. 1553–1560. http://dx.doi.org/10.1016/j.ec....
66.
World Commission On Environment And Development. (1987). Our Common Future. Londres, Inglaterra: Oxford University Press.
67.
Windolph, S.E., Schaltegger, S., & Herzig, C. (2014). Implementing corporate sustainability. Sustainability Accounting, Management and Policy Journal, 5(4), pp. 378-404. http://dx.doi.org/10.1108/SAMP....
68.
Zavattaro, S. M. (2014). Re-imagining the sustainability narrative in US cities. Journal of Place Management and Development, 7(3), pp. 189-205. http://dx.doi.org/10.1108/JPMD....
Share
RELATED ARTICLE
| eISSN: | 2299-193X |
| ISSN: | 1429-9321 (1997-2019) |
We process personal data collected when visiting the website. The function of obtaining information about users and their behavior is carried out by voluntarily entered information in forms and saving cookies in end devices. Data, including cookies, are used to provide services, improve the user experience and to analyze the traffic in accordance with the Privacy policy. Data are also collected and processed by Google Analytics tool (more).
You can change cookies settings in your browser. Restricted use of cookies in the browser configuration may affect some functionalities of the website.
You can change cookies settings in your browser. Restricted use of cookies in the browser configuration may affect some functionalities of the website.
