| Title | Forward Thinking for Sustainable Business Value: A New Method for Impact Valuation |
|---|---|
| ID_Doc | 65728 |
| Authors | Buchholz, H; Eberle, T; Klevesath, M; Jürgens, A; Beal, D; Baic, A; Radeke, J |
| Title | Forward Thinking for Sustainable Business Value: A New Method for Impact Valuation |
| Year | 2020 |
| Published | Sustainability, 12.0, 20 |
| Abstract | How can a company commit to maximizing stakeholder value while maintaining financial performance? Companies increasingly have the ambition to provide stakeholder value to their owners and shareholders, employees, consumers, suppliers, partners, the environment, and future generations. However, such companies often face difficulties in demonstrating the value they bring to stakeholders, due to the lack of universal methods for assessing their impact. Besides the practical need to develop a method for impact valuation, we researched the existing literature and discovered the lack of a holistic method to evaluate all impacts of a company using a common currency with flexible adaptations at different levels. We developed a new method called Sustainable Business Value (SBV) to address these gaps and enable companies to evaluate their impacts. We tested the SBV in two pilots. The SBV method differs from currently used methods, including sustainability reporting, sustainability rating and indices, and sustainability accounting. SBV can be used for decision-making, portfolio management, benchmarking, stakeholder communication, investor communication, and business development and also provides a comprehensive perspective of a company's impact across six standardized dimensions. However, further development and standardization of proxies and cross-industry standards are needed. |
| https://www.mdpi.com/2071-1050/12/20/8420/pdf?version=1603248899 |
Similar Articles
| ID | Score | Article |
|---|---|---|
77909
|
Miljenovic, D Testing sustainable value added as an integrative measure of business sustainability(2018)Zbornik Radova Ekonomskog Fakulteta U Rijeci-Proceedings Of Rijeka Faculty Of Economics, 36, 1 | |
| 33449
|
Cardoni, A; Kiseleva, E; Taticchi, P In Search of Sustainable Value: A Structured Literature Review(2020)Sustainability, 12.0, 2 | |
| 78229
|
Hart, SL; Milstein, MB Creating sustainable value(2003)Academy Of Management Executive, 17, 2 | |
| 33980
|
Bocken, N; Short, S; Rana, P; Evans, S A value mapping tool for sustainable business modelling(2013)Corporate Governance-The International Journal Of Business In Society, 13, 5 | |
| 77952
|
Morioka, SN; Bolis, I; Evans, S; Carvalho, MM Transforming sustainability challenges into competitive advantage: Multiple case studies kaleidoscope converging into sustainable business models(2017) | |
| 34549
|
Bolis, I; Morioka, SN; Leite, WKD; Zambroni-de-Souza, PC Sustainability Is All about Values: The Challenges of Considering Moral and Benefit Values in Business Model Decisions(2021)Sustainability, 13, 2 | |
| 34224
|
Yang, MY; Vladimirova, D; Evans, S Creating and Capturing Value Through Sustainability The Sustainable Value Analysis Tool(2017)Research-Technology Management, 60, 3 | |
| 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 | |
| 75376
|
Sanatkumar, N; Berka-Harnmeijer, AL Walking the tightrope: Can integrated decision support transform business sustainability?(2024) | |
| 33874
|
Méndez-León, E; Reyes-Carrillo, T; Díaz-Pichardo, R Towards a holistic framework for sustainable value analysis in business models: A tool for sustainable development(2022)Business Strategy And The Environment, 31, 1 |