| Title | Key Corporate Sustainability Assessment Methods for Coal Companies |
|---|---|
| ID_Doc | 12514 |
| Authors | Blinova, E; Ponomarenko, T; Tesovskaya, S |
| Title | Key Corporate Sustainability Assessment Methods for Coal Companies |
| Year | 2023 |
| Published | Sustainability, 15.0, 7 |
| Abstract | Many businesses view sustainability issues as important and design corporate sustainability strategies. However, creating such a strategy does not mean the company will progress in sustainable development because the factors influencing businesses remain largely unexplored. Based on a review of studies on corporate sustainability, we identified the major factors affecting any company's sustainability. They include government regulation, imperfect management, interaction with stakeholders, corporate self-regulation and self-reflection, and the regulatory framework, and can be consolidated into two groups. We also analyzed the groups of methods that can be used to assess a company's sustainability: traditional corporate sustainability assessment methods, circular economy assessment methods, ESG assessment methods, and non-financial performance indicators. For each group of methods, limitations were identified, and it was concluded that corporate sustainability assessments should factor in the environment in which the company operates. As part of this study, a lack of methods for assessing the corporate sustainability of coal companies was revealed, along with insufficient consideration of industrial factors in the prior literature. These factors are responsible for incorrect corporate sustainability assessments in the coal industry. Taking into account the division of Russian coal companies into three types (energy companies, metal manufacturers, and coal producers) and the aspects of their functioning against the backdrop of economic restrictions (including sanctions and embargoes), the authors prove that each group of companies requires an individual corporate sustainability assessment methodology. |
Similar Articles
| ID | Score | Article |
|---|---|---|
4690
|
Blinova, E; Ponomarenko, T; Knysh, V Analyzing the Concept of Corporate Sustainability in the Context of Sustainable Business Development in the Mining Sector with Elements of Circular Economy(2022)Sustainability, 14, 13 | |
| 4230
|
Opferkuch, K; Caeiro, S; Salomone, R; Ramos, TB Circular economy disclosure in corporate sustainability reports: The case of European companies in sustainability rankings(2022) | |
| 70539
|
Blagov, YE; Petrova-Savchenko, AA The transformation of corporate sustainability model in the context of achieving the UN SDGs: evidence from the leading Russian companies(2021)Corporate Governance-The International Journal Of Business In Society, 21, 2 | |
| 75896
|
Overcash, M; Twomey, JM Structure of industrial or corporate sustainability programmes(2011)International Journal Of Sustainable Engineering, 4, 2 | |
| 72954
|
Mostepaniuk, A; Nasr, E; Awwad, RI; Hamdan, S; Aljuhmani, HY Managing a Relationship between Corporate Social Responsibility and Sustainability: A Systematic Review(2022)Sustainability, 14, 18 | |
| 17913
|
Politis, Y; Grigoroudis, E Incorporating the Sustainability Concept in the Major Business Excellence Models(2022)Sustainability, 14, 13 | |
| 5528
|
Almagtome, A; Khaghaany, M; Önce, S Corporate Governance Quality, Stakeholders' Pressure, and Sustainable Development: An Integrated Approach(2020)International Journal Of Mathematical Engineering And Management Sciences, 5, 6 | |
| 75877
|
Saygili, E; Akcan, EU; Ozturkoglu, Y An Exploratory Analysis of Sustainability Indicators in Turkish Small- and Medium-Sized Industrial Enterprises(2023)Sustainability, 15, 3 | |
| 78394
|
Mikkilä, M; Koistinen, K; Kuokkanen, A; Linnanen, L Corporate Social Responsibility in Finland From Environmental Management to Truly Sustainable Business: Adoption of Responsible Practices by Finnish Industries(2021) | |
| 76786
|
Jacobo-Hernandez, CA; Jaimes-Valdez, MA; Ochoa-Jiménez, S Benefits, challenges and opportunities of corporate sustainability(2021)Management-Poland, 25, 1 |