ScienceDirect is a registered trademark of Elsevier B.V. ScienceDirect is a registered trademark of Elsevier B.V. Journal of Cleaner Production, Volume 312, 2021, Article 127835, Journal of Cleaner Production, Volume 312, 2021, Article 127825, Journal of Cleaner Production, Volume 312, 2021, Article 127654, Journal of Cleaner Production, Volume 312, 2021, Article 127715, Journal of Cleaner Production, Volume 312, 2021, Article 127639, Journal of Cleaner Production, Volume 312, 2021, Article 127547, Sustainable value creation from a capability perspective: How to achieve sustainable product design, National Natural Science Foundation of China, Feasibility of solar thermochemical natural gas desulphurization and hydrogen generation with a membrane reactor, Sustainable and low-cost SUZ-4 synthesis and its application for Cd, Waste Duty of Care regulations: Evaluation of enforcement strategies by local authorities in England, A novel integrated system for sustainable generation of hydrogen and liquid hydrocarbon fuels using the five-step ZnSI thermochemical cycle, biogas upgrading process, and solar collectors, Identification of energy-efficient solutions for broiler house envelopes through a primary energy approach, Copper entrapment and immobilization during cement hydration in concrete mixtures containing copper tailings. Blockchain + AI + Crypto Economics Are We Creating a Code Tsunami? At the same time, data on responsible business and sustainability is proliferating, enabling companies to better understand their impact and implement responsible strategies. AI and Machine Learning Demystified by Carol Smith at Midwest UX 2017, Pew Research Center's Internet & American Life Project, Harry Surden - Artificial Intelligence and Law Overview, Pinot: Realtime Distributed OLAP datastore, How to Become a Thought Leader in Your Niche, UX, ethnography and possibilities: for Libraries, Museums and Archives, Winners and Losers - All the (Russian) President's Men, No public clipboards found for this slide, President & CEO at Indian Council on Competitiveness, Now What? Only in the last few years has stakeholder capitalism the notion that businesses must address the needs of all constituents begun to overtake Friedmans doctrine as the preeminent management theory. Embedding Sustainability into Strategy I: A source of business opportunity un Embedding Sustainability into Strategy II: Making Tracks on Safari, Business for Good: Balancing Purpose with Profit in a Post-Covid Scotland, Lecture: Embeddding Sustainability into Strategy, Lecture: Design for Embedding Systemic Sustainability. The SlideShare family just got bigger. As the second building block of the circular economy vision, sustainable product design is considered one of the main enablers for addressing the global sustainability challenge. Current evaluation methods only consider the delivered energy, which is misleading because it does not consider the entire energy supply chain. https://doi.org/10.1016/j.jclepro.2021.127552. A leading method for long-term renewable energies sources storage is to convert to fuels such as hydrogen and heavy value hydrocarbons. 203 0 obj
<>
endobj
Neither should your supply chain. The IFRS Foundation recently created the International Sustainability Standards Board which will produce a comprehensive sustainability reporting framework.
Case study is found to be well suited to this research question. Business, Based on previous studies and case study findings, this paper clearly proposes the framework of creating sustainable value, creatively links sustainability to value chain, as well as internal and external integration, and then elaborates the roles of the three capabilities. Cornell This study's contributions are distinct. Investors are pouring money into sustainable funds and green bonds as the connection between financial performance and societal and environmental impact grows clearer. The tax function is transforming. The resulting model for sustainable product design appears in Fig. Chair Growth ambitions are high, but stakeholder expectations are even higher. L. There is an absence of peer-reviewed research understanding the enforcement strategies being adopted by local authorities to enforce Duty of Care in England, or similar regulations in other jurisdictions. Just as the creation of shareholder value requires performance on multiple dimensions, the global challenges associated with sustainable development are also multifaceted, involving economic, social, and environmental concerns. A better understanding of metal entrapment mechanisms could lead to new strategies that reduce the mobility of toxic elements when using copper tailings, increasing their use as a replacement of cement. Crea.ng The results of this study show that a high-insulated envelope is suitable in the considered outdoor weather conditions, but it is not sustainable from a financial point of view. India. New product launching strategies of fmcg companies, Smart Revolutions in XXI Century: the Creative Destruction of the World, Blue Ocean Strategy - Creating Value Innovations, Corporate Sustainability - Rahdari - Sharif University - 2014, Business and Environment Series: Gerth - Social Change to Build Brands, Presentation for Executive Energy Class (EDI/Nyenrode)- 7 September 2016, OECD Workshop: Measuring Business Impacts on Peoples Well-being, Hunter Lovins, 2015 Sustainability Report - Business Roundtable, 43 the future of the future (practitioner)[1], Speech to the Alumni of the European Servant Leadership Academy. The authors declare that they have no known competing financial interests or personal relationships that could have appeared to influence the work reported in this paper. The synthesis parameters to obtain pure L-SUZ-4 were optimized as xKOH(x=7.849.33):yAl2O3(y=0.811.10):2.6TEAOH:21.2SiO2:zH2O(z=330.72712.32) at 150C for 96h. The notably high yield of L-SUZ-4 (up to 85%) indicated that silicon and aluminium species in SF and AA are not only easy to be activated but also liable to be incorporated into the zeolitic framework. This approach leaves firms ill-equipped to deal with the issue in a strategic manner. Non-compliance with Duty of Care could mean businesses are illegally dumping waste or using household waste services which is prohibited. 3, Academy of Management Learning & Education, https://doi.org/10.5465/ame.2003.10025194, Reflections on the 2018 Decade Award: The Meaning and Dynamics of Corporate Social Responsibility, Emotions and Sustainability: A Literary Genre-Based Framework for Environmental Sustainability Management Education, Similar But Not the Same: Differentiating Corporate Sustainability from Corporate Responsibility, Cooperation vs. Competition: Alternative Goal Structures for Motivating Groups in a Resource Scarce Environment, Putting the S back in corporate social responsibility: A multilevel theory of social change in organizations, ECONOMIC development -- Environmental aspects, RISK management in business -- Economic aspects. Enterprise, Section 6 discusses three tracks regarding different roles of capabilities. When it comes to business, innovation is changing everything. Talk to one of our ESG leaders. Efforts to harmonize the frameworks are underway, with standardization anticipated within the next two to three years, if not sooner. (2009) further analyzed the above six elements and a sub-element level was achieved with the influencing factors identified. We've created the BDO Library as a "go to" source for informative and thought provoking knowledge resources. By focusing on and reducing ESG-related risks and integrating impact into the innovation pipeline, sustainable businesses build the resilience to weather times of crisis and generate more return over longer time horizons. Sustainable Is your business ready for the ESG imperative? in
On the other side, once companies accept and embrace sustainability, they can rely on the operations management (OM) to integrate it into the lifeblood of the enterprise and its employees (Kleindorfer et al., 2005). Promoting the formation of hydration products can further reduce copper leaching from the alkaline cementitious matrix. The utilization of renewable energy sources such as solar energy and biogas have recently received more attention due to a decline in fossil energy sources and environmental issues. If you continue browsing the site, you agree to the use of cookies on this website. The objective of this study was to recycle industrial wastes, silica fume (SF) and aluminium ash (AA) as raw materials to substitute chemicals for sustainable and low-cost SUZ-4 zeolite (L-SUZ-4) synthesis in one pot. An improved design of broiler house envelopes could decrease this energy consumption. Shuaib et al. Like financial metrics, ESG metrics are intended to hold businesses accountable to their stakeholders on sustainability matters. An estimated 80% of sustainability impacts are decided at the product design stage (Chiu and Chu, 2012). In the U.S., and across the globe, companies can expect more rules, and greater scrutiny going forward. Yongjian Li: Supervision, Validation, Writing review & editing, Funding acquisition. Third, it complements capability-oriented operations strategies by illustrating causalities in value chain operations, internal integration and external integration capability. This report proposes a common, core set of metrics and recommended disclosures that IBC members could use to align their mainstream reporting and, in so doing, reduce fragmentation and encourage faster progress towards a systemic solution, perhaps to include a generally accepted international accounting standard. By drawing on traditional literature and the insights gained from case study, we drew up a revised framework explicitly creating sustainable value. Enter your email address below and we will send you the reset instructions. Stay abreast of legislative change, learn about emerging issues, and turn insight into action. Our verified framework provides a holistic and systemic perspective to companies who are willing to integrate sustainability in product design and contextualize the firm-level sustainable value streams. Organizations of all sizes are stepping up to do their part to operate within the limits of the worlds ecosystem and contribute to the betterment of society, the protection of the planet, the transparency of business, and the prosperity of the economy. On the one side, senior operations managers are focusing more of their attentions and frustrations on the complexity and ambiguity of sustainability (Zhen et al., 2015). The objective is to amplify those standards and more fully harness their synergies rather than create a new standard altogether. !F\sy`Cgn1y6=Ar6CE~q)=kY8a sWzK^XTlg
$gW8<4.eq[63',[!nFEn}e3r_&~)c2'H.p. With this knowledge, it is expected to answer if it is possible to improve the copper entrapment into the cementitious matrix and if there is a risk of leaching once is entrapped. Jingjing Li: Conceptualization, Investigation, Methodology, Writing original draft. One of the main concerns regarding intensive broiler production is the high use of energy for climate control. Is your business ready for the ESG imperative? In England whilst the Environment Agency is the regulatory body for the environment, enforcement of Duty of Care is conducted at a localised level by local authorities. Founder, To reorient business strategy from shareholder to stakeholder and from short-termism to long-term value creation, organizations need to tackle the following primary actions: In a future where businesses are accountable to all stakeholders, the most successful businesses will be those that aim to generate positive impact for the world at large by harmonizing people, planet, purpose and performance, and optimize value and benefits for all stakeholders. Among the system, the dominant role of value chain operations capability, fundamental role of integration. Your one stop for accounting guidance, financial reporting insights, and regulatory hot topics. Modeling Dynamic Capabilities and Corporate Entrepreneurship for Innovation TheSustainable Food Value Chain Framework. At BDO, we can help demystify ESG and bring clarity to the complexityno matter where you are in your journey.