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Book part
Publication date: 28 January 2015

Arzu Özsözgün Çalişkan

The United Nations Global Compact initiative is presented for businesses and nonbusiness as a universally accepted set of principles. The aim of the 10 principles in the areas of…

Abstract

Purpose

The United Nations Global Compact initiative is presented for businesses and nonbusiness as a universally accepted set of principles. The aim of the 10 principles in the areas of Human Rights, Labor, Environment, and Anticorruption is to encourage businesses to align their operations and strategies with committed values. The Global Compact network involves not only companies but also governments, labor, and civil society organizations. Corporations, community, and environment are integral parts of a system that correlate to each other. In light of the assumption that business operations have increasingly observable effects on the environment, economy, and social life on a global scale, it is necessary to have accountable and sustainable firms. The Global Compact is a voluntary strategic policy initiative, and it has become more important in where interactions between organizations and stakeholders to be more dynamic. On the other hand, sustainability has economic, social, and environmental dimensions, and in accordance with these dimensions, it is necessary for firms to take into account the influence of their operations on their stakeholders. Thereby, from theoretical perspectives, the primary objective of this chapter is to illustrate the role of Global Compact in corporate accountability and sustainability.

Design/methodology/approach

An extensive literature research is conducted in order to understand the relationship between Global Compact principles and corporate accountability and sustainability.

Findings

From a theoretical point of view, there are some conditions for the advancement of the corporate accountability and sustainability. For instance, there is need for stakeholders’ insistence about incorporating social and environmental values into the business economic decisions. Thus firms could contribute to not only worlds’ economic but also social as well as environmental future.

Research limitations/implications

The research is a theoretical study, but for further studies, empirical studies can be conducted to understand the interactions between Global Compact principles and corporate accountability and sustainability.

Practical implications

This study may be useful for managers to realize the role of Global Compact principles on corporate accountability and its contribution to being a sustainable firm.

Originality/value

There is a lack of studies that analyze the role of Global Compact principles on corporate accountability and sustainability. Examining the principles in light of corporate accountability and sustainability will add a value to the literature in this area.

Details

The UN Global Compact: Fair Competition and Environmental and Labour Justice in International Markets
Type: Book
ISBN: 978-1-78441-295-1

Keywords

Article
Publication date: 22 February 2011

Ron Babin and Brian Nicholson

The purpose of this paper is to examine the intersection of sustainability and global IT outsourcing (GITO). GITO is well established as a business practice towards reducing costs…

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Abstract

Purpose

The purpose of this paper is to examine the intersection of sustainability and global IT outsourcing (GITO). GITO is well established as a business practice towards reducing costs and improving performance. Sustainability issues related to carbon footprint and greenhouse gases are increasingly important for all organizations. Responsible and economic energy management is a critical business capability and environmental responsibility in global outsourcing.

Design/methodology/approach

Drawing on empirical work undertaken in the UK and North America together with content analysis of public data from leading GITO providers, this paper presents a model for measuring sustainability in outsourcing.

Findings

The research findings demonstrate a growing environmental maturity in GITO firms, as measured against external recognized standards such as the Global Reporting Initiative, the Carbon Disclosure Project, the UN Global Compact and the ISO environmental and social responsibility standards.

Practical implications

In the context of social, economic and political discussions regarding sustainability, this paper contributes to our practical and theoretical understanding of GITO providers and the impact of environmental issues in outsourcing.

Social implications

Consumers, governments and society at large demonstrate increasing expectations for sustainability from all organizations. Outsourcers can provide improved sustainability capability to their buyers in this important area.

Originality/value

Environmental and social responsibility in global outsourcing has received little attention in academic research. This paper provides a starting point for further investigation of the role of sustainability in outsourcing.

Details

Strategic Outsourcing: An International Journal, vol. 4 no. 1
Type: Research Article
ISSN: 1753-8297

Keywords

Open Access
Book part
Publication date: 2 October 2023

Annette Cerne and Ulf Elg

This book chapter takes an institutional perspective on competing logics in global markets concerned with sustainability values and how market actors in the form of buyers and…

Abstract

This book chapter takes an institutional perspective on competing logics in global markets concerned with sustainability values and how market actors in the form of buyers and sellers attempt to solve these conflicting situations. We do this by identifying competing institutional logics in global market contexts aiming for sustainability values, together with techniques for navigating these competing institutional logics in the organizational field studied. As an empirical illustration, we use a case study of buyers and sellers in two different markets where sustainability has come into focus for their market relationships. This viewpoint allows us to better understand how global market actors deal with the competing institutional logics in their market context. We make three contributions with this research: firstly, we identify the institutional logics in global markets towards sustainability; secondly, we demonstrate how global market actors prioritize among the competing logics and their market relationships and thirdly, we outline what this means for the relationship between buyers and sellers in global markets towards sustainability.

Details

Creating a Sustainable Competitive Position: Ethical Challenges for International Firms
Type: Book
ISBN: 978-1-80455-252-0

Keywords

Book part
Publication date: 28 January 2015

Harish C. Chandan

This chapter discusses how businesses can create alignment between their corporate sustainability (CS) efforts that focus on the triple bottom line of the financial…

Abstract

Purpose

This chapter discusses how businesses can create alignment between their corporate sustainability (CS) efforts that focus on the triple bottom line of the financial, environmental, and social, and the 10 principles of the UN Global Compact in the four core areas of environment, human rights, labor standards, and anticorruption.

Design/methodology/approach

Based on the literature review, the relationship between CS and corporate responsibility is presented. Creating alignment between CS management and Global Compact initiatives requires knowledge of the Global Reporting Initiative (G4-GRI), third-party CS rankings, green supply chain management, and anticorruption strategies.

Findings

UN Global Compact is an international forum to promote and self-report CS and corporate social responsibility [Bitanga & Bridwell, 2010. CS is achieved through a triple bottom line – financial, environmental, and social (Hutchins & Sutherland, 2008). For CS management, businesses use four strategies including defensive, cost-benefit, strategic, and innovation/learning [Buchholtz & Carroll, 2008; Egbeleke, Journal of Management and Sustainability, 4(2), 92–105 (2014); Epstein, 2008; Epstein, Buhovac, & Yuthas, 2010]. The UN G4-GRI is the most widely used comprehensive sustainability reporting standard in the world (G4-GRI, 2013). Third-party, industry sector-specific CS ratings reinforce the self-reported sustainability reports. Each firm has to conduct their own CS cost-benefit analysis to determine how CS practices can lead to value creation for sustained competitive advantage. Creating alignment with Global Compact initiatives offers firms a marketing advantage. Conducting business in accordance with the Global Compact is a value-increasing business strategy [Kaspereit & Lopatta, 2011; Lopatta & Kaspereit, 2014; Michelon, Corporate Reputation Review, 14(2), 79–96 (2011)]. Green supply chain management is essential for CS (Penfield, 2014). Four prevailing anticorruption frameworks or intervention policy approaches include law enforcement, economics, moralism, and cultural relativism (Bellows, 2013). There is little sustainability reporting in the government and public-sector organizations (Adams, Muir, & Hoque, 2014).

Research limitations/implications

It is difficult to quantify the financial and social benefits of aligning the CS efforts with the 10 principles of UN Global Compact [Parisi, Journal of Management and Governance, 17(1), 71–97 (2013); Nilipour & Nilipour, Interdisciplinary Journal of Contemporary Research in Business, 3(9), 1084–1092 (2012)]. The environmental impact can be easily quantified.

Practical implications

As the primary driver of globalization, businesses and other organizations can help ensure that markets, commerce, technology, and finance advance in ways that benefit environment, economies, and societies in both developed and developing countries leading to sustained development.

Originality/value of the chapter

The role of green supply chain management and anticorruption strategies in CS management is explored.

Details

The UN Global Compact: Fair Competition and Environmental and Labour Justice in International Markets
Type: Book
ISBN: 978-1-78441-295-1

Keywords

Article
Publication date: 29 March 2022

Graeme Newell and Muhammad Jufri Marzuki

Within the context of ESG (Environment, Social and Governance), environmental sustainability has taken on increased global importance in recent years. Similarly, real estate…

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Abstract

Purpose

Within the context of ESG (Environment, Social and Governance), environmental sustainability has taken on increased global importance in recent years. Similarly, real estate investment managers in developing their global real estate investment portfolios need a fuller understanding of the ESG and environmental sustainability dimensions of these global real estate markets for more informed real estate investment decisions. Using the JLL GRETI sustainability sub-index, this paper examines the environmental sustainability transparency status of 99 global real estate markets over 2016–2020 and explores various strategic issues regarding ESG and environmental sustainability; particularly the critical issues relating to climate risk mitigation, climate resilience and zero-carbon. The current status of environmental sustainability in these 99 real estate markets is assessed, with areas for “best practice” improvement identified to the benefit of real estate investment managers; particularly the improvements needed in ESG to support real estate investment in the emerging real estate markets.

Design/methodology/approach

The JLL GRETI sustainability sub-index is analysed to examine strategic issues relating to environmental sustainability transparency. 99 real estate markets are assessed globally for a range of critical ESG issues over 2016–2020. Differences between the developed and emerging real estate markets are highlighted.

Findings

Considerable variation was seen in the ESG and environmental sustainability practices, procedures and frameworks across these 99 real estate markets. This was particularly evident amongst the emerging real estate markets. Compared to the other five dimensions for real estate market transparency, environmental sustainability was seen to be well behind these other dimensions in most markets. Progress has been made in recent years, but it has been slow and steady rather than at a dynamic level. Clearly, more is needed globally to enhance the stature of environmental sustainability in the context of an increasing focus on ESG and specifically on climate risk mitigation, climate resilience and zero-carbon in real estate investment.

Practical implications

With ESG and environmental sustainability taking on increased importance across the international real estate markets, it is important that real estate fund managers have a full understanding of the ESG and environmental sustainability status of these real estate markets where they may be considering real estate investment opportunities; this includes both the developed and emerging real estate markets. This is essential to ensure future capital raising for new funds, as well as supporting the global ESG agenda by the real estate investment community. Specific strategies are also identified for emerging real estate markets to improve their environmental sustainability practices and ESG status.

Originality/value

This is the first paper to use the JLL GRETI sustainability sub-index to assess the environmental sustainability status of 99 real estate markets globally; providing strategic insights for real estate investment managers as they develop their global real estate portfolios and more fully embrace the challenges of ESG and environmental sustainability in the real estate space going forward. Specific strategies are clearly identified for all markets to improve their environmental sustainability ratings to the benefit of both global real estate investment and the broader communities.

Article
Publication date: 10 June 2021

Aymen Sajjad

The purpose of this paper is to examine the impacts of the COVID-19 pandemic on global supply chain sustainability and provide an important pathway to develop an initial…

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Abstract

Purpose

The purpose of this paper is to examine the impacts of the COVID-19 pandemic on global supply chain sustainability and provide an important pathway to develop an initial understanding of how organizations can develop more resilient and socially sustainable supply chains in a post-COVID world.

Design/methodology/approach

To gain fresh insights on the effects of the COVID-19 pandemic on supply chain social sustainability and resilience issues, an extensive literature review was conducted. To this end, recent scholarly research articles, articles from practitioner journals, magazine articles and policy documents and reports, as well as blogs and briefings published by international organizations were critically reviewed.

Findings

The findings suggest that the COVID-19 pandemic has been associated with a major shake-up of global supply chain operations and has contributed to varied sustainability outcomes. While the pandemic caused reductions in greenhouse gas emissions and air pollution, it has had serious social implications for the livelihoods and well-being of workers and their families. The findings further suggested that it is imperative for companies to build resilience in their global supply chain operations to better respond to future shocks and disruptions by adopting strategies such as employee protection schemes, advanced digital technologies, diversification, localization and regionalization and stakeholder collaboration.

Originality/value

This review paper contributes to emerging global supply chain sustainability literature and practice by synthesizing and explicating the impacts of the COVID-19 pandemic on supply chain social sustainability and resilience. In addition, this paper offers some practical recommendations to enhance the social sustainability impacts and resilience of global supply chains in a post-COVID world.

Details

Corporate Governance: The International Journal of Business in Society, vol. 21 no. 6
Type: Research Article
ISSN: 1472-0701

Keywords

Open Access
Book part
Publication date: 2 October 2023

Abstract

Details

Creating a Sustainable Competitive Position: Ethical Challenges for International Firms
Type: Book
ISBN: 978-1-80455-252-0

Open Access
Book part
Publication date: 2 October 2023

Todd Drennan, Emilia Rovira Nordman and Aswo Safari

This chapter aims to shed light on the role that a sustainable orientation plays in strengthening the relationships between global consumers and online brands. Despite many…

Abstract

This chapter aims to shed light on the role that a sustainable orientation plays in strengthening the relationships between global consumers and online brands. Despite many previous studies about the importance of sustainability considerations for national consumers’ brand commitments and purchase intentions, there is a lack of empirical studies focussing on this relationship from a global consumer perspective. A pre-study (consisting of focus group discussions) and a widely distributed international survey with responses from 74 countries show mixed results. Whereas the results from the focus groups imply that a sustainable orientation influences both global consumers’ purchase intentions and brand commitments towards online brands, the survey results imply that global consumers’ sustainable orientations do not affect purchase intentions directly, even though they influence brand commitments. An implication of these results is that an international online brand’s possibility to portray a sustainable orientation plays an important role in strengthening the relationship with global consumers, especially regarding brand commitment.

Details

Creating a Sustainable Competitive Position: Ethical Challenges for International Firms
Type: Book
ISBN: 978-1-80455-252-0

Keywords

Article
Publication date: 1 June 2005

R. Scott Marshall and Sean P. Harry

To outline the themes, topics and material used in a new course, Global business and sustainability, for business educators interested in integrating this emergingparadigm into…

7020

Abstract

Purpose

To outline the themes, topics and material used in a new course, Global business and sustainability, for business educators interested in integrating this emergingparadigm into their courses.

Design/methodology/approach

The structure, design and reference materials for the Global business and sustainability course are reviewed. Specific challenges in designing the course are discussed. Recommendations are provided on how key frameworks developed for this course can aid in the delivery of a business course integrating sustainability concepts.

Findings

Compared to a more traditional business course, in a business course integrating sustainability concepts there is greater need for delineating the relationships between institutional, industry and corporate level factors linked to sustainability issues. However, a business course developed around the principles of sustainability is also similar to any other course in the business curriculum in that it needs to demonstrate the link between competitive actions and outcomes. Finally, sustainable development and sustainability are concepts that, in principle, should appeal and apply across cultural and national boundaries.

Practical implications

A useful source of information for business educators planning to integrate sustainability issues and concepts into their courses.

Originality/value

This paper addresses an important emerging paradigm and offers practical advice on how to incorporate this paradigm into business curriculum.

Details

International Journal of Sustainability in Higher Education, vol. 6 no. 2
Type: Research Article
ISSN: 1467-6370

Keywords

Article
Publication date: 23 November 2021

Guichun Zong

There have been increasing calls for social studies educators to engage issues of sustainability. Proponents argue that the very survival of the planet depends on the degree to…

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Abstract

Purpose

There have been increasing calls for social studies educators to engage issues of sustainability. Proponents argue that the very survival of the planet depends on the degree to which teachers can move learners away from unsustainable beliefs and behaviors to those grounded in interdisciplinary approaches to solving community and global challenges. How to implement this vision of sustainability education? The purpose of the paper is to report the results of teacher-educators' curriculum and pedagogical approaches to implement the National Council for Social Studies (NCSS) C3 framework to engage and empower prospective and practicing teachers to teach for a sustainable future.

Design/methodology/approach

The study is guided by the growing field of self-study in teacher education, a type of research undertaken by teacher-educators with the dual purpose of personal professional development and a deep understanding of teacher-education practices. Most data were derived from multiple, recursive conversations (both formal and informal) around curriculum decisions and pedagogical choices to integrate sustainability issues into teacher-education courses. Additional data sources include classroom lecture notes and PowerPoint presentations, course readings and resources.

Findings

The authors' three years of collaborative work has shown that an issues-centered, interdisciplinary approach to select and integrate global issues, the current event article analysis, young adult literature and discussion and deliberation of local sustainable development issues that are some of the most effective pedagogical tools to engage and empower teacher candidates in learning about issues that affect the sustainable development of global community. The NCSS C3 provides a powerful framework to scaffold the process of analyzing sustainable issues while also teaching social studies curriculum and standards and skills.

Originality/value

Scholars of global education have called for shifting from an anthropocentric philosophy to a bio-centric worldview emphasizing the embeddedness of humans within the environment. How can social studies teacher-educators implement this vision of global education What instructional resources strategies and learning activities can be effectively integrated into existing courses to help candidates develop competences and commitment to teaching for global sustainability The study examines the innovative approaches to addressing these critical topics in teacher education.

Details

Social Studies Research and Practice, vol. 17 no. 1
Type: Research Article
ISSN: 1933-5415

Keywords

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