| Title | Creating environmental performance indicators to assess corporate sustainability and reward employees |
|---|---|
| ID_Doc | 11114 |
| Authors | Marrucci, L; Daddi, T; Iraldo, F |
| Title | Creating environmental performance indicators to assess corporate sustainability and reward employees |
| Year | 2024 |
| Published | |
| Abstract | Assessing environmental performance, measuring the circular economy and quantifying decarbonization have become crucial in green management in recent years. Both scholars and practitioners have focused on different strategies to create performance indicators capable of tackling all these aspects. At the same time, companies have started connecting managers' and employees' incentives to the achievement of corporate goals. We analysed a case study of an Italian food company which uses environmental performance indicators to assess corporate sustainability and reward managers and employees. Through a series of interviews with members from all departments, we identified around 200 different key performance indicators, i.e., performance, commitment, control, reactivity, economic, consent, transversal and multifunctional. A final dashboard of around 70 indicators was then created and linked to employees' rewards. A tailor-made methodology was, thus, used to define target for the company's management by objectives, taking into account the trend of each indicator. This is the first attempt to investigate how a company can create an environmental performance indicator system to assess corporate sustainability and reward employees through management by objectives. Our study further extends not only the academic literature, but also provides a practical and operative contribution to all the companies that aim to create a new key performance indicator system. Lastly, we merged the management and strategies for promoting green practices amongst employees through a reward system with the environmental performance of each organisational department by creating a methodology to define management by objectives. |
| https://doi.org/10.1016/j.ecolind.2023.111489 |
Similar Articles
| ID | Score | Article |
|---|---|---|
12958
|
Kirsch, C; Connell, J Organizational Sustainability-Why the Need for Green HRM?(2018) | |
| 70478
|
García-Granero, EM; Piedra-Muñoz, L; Galdeano-Gómez, E Eco-innovation measurement: A review of firm performance indicators(2018) | |
| 76616
|
Lisi, IE Translating environmental motivations into performance: The role of environmental performance measurement systems(2015) | |
| 78694
|
Hristov, I; Appolloni, A; Chirico, A The adoption of the key performance indicators to integrate sustainability in the business strategy: A novel five-dimensional framework(2022)Business Strategy And The Environment, 31, 7 | |
| 66534
|
Bounit, A; Bounit, H New Green Economy Policy Integrating The Economic Dimension In The Face Of Environmental Problems In The Case Of A Moroccan Agri-Food Company(2023)Access-Access To Science Business Innovation In The Digital Economy, 4, 2 | |
| 19624
|
Mura, M; Longo, M; Boccali, F; Visani, F; Zanni, S From outcomes to practices: Measuring the commitment to sustainability of organisations(2024) | |
| 75201
|
Gerbens-Leenes, PW; Moll, HC; Uiterkamp, AJMS Design and development of a measuring method for environmental sustainability in food production systems(2003)Ecological Economics, 46, 2 | |
| 78029
|
Nigam, N; Benetti, C; Mbarek, S Can linking executive compensation to sustainability performance lead to a sustainable business model? Evidence of implementation from enterprises around the world(2018)Strategic Change-Briefings In Entrepreneurial Finance, 27, 6 | |
| 17957
|
Sebestyén, V; Fejes, R; Tóth, E; Tóth-Nagy, G; Kurdi, R University of Pannonia Sustainability index (UPSi) for corporate sustainability(2024) | |
| 76460
|
Bhattacharyya, A; Cummings, L Measuring Corporate Environmental Performance - Stakeholder Engagement Evaluation(2015)Business Strategy And The Environment, 24, 5 |