To date, only partial aspects of the relationship between sustainability performance, competitiveness and economic performance have been studied from a theoretical as well as an empirical perspective. And, to date, no unique relationship has prevailed in empirical studies. So, how should the business case for sustainability be managed?
"This is a critical area — and a key book ... probably the most comprehensive collection to date of business case analyses."
Buy this title together with Walking the Talk, The Business Case for Sustainable Development and save £21.95/€32.95/$29.95.
The difficulties in moving towards corporate sustainability raise the question of how environmental and social management can be integrated better with economic business goals. Over the last decade, the relationship between environmental and economic performance, and more recently the interaction between sustainability performance and business competitiveness, have received considerable attention in both theory and practice. However, to date, only partial aspects of the relationship between sustainability performance, competitiveness and economic performance have been studied from a theoretical as well as an empirical perspective. And, to date, no unique relationship has prevailed in empirical studies. A number of explanations have been put forward to explain this, including methodological reasons, such as the lack of statistical data, the low quality of that data, or the fact that such data is often available for short time periods only. Other theoretical explanations have been developed, such as the influence of different corporate strategies or the relatively small influence of environmental or sustainability issues as one factor among many on the economic or financial success of firms. So, how should the business case for sustainability be managed?
This is the starting point for this book, which compiles insights on a large number of aspects of the link between sustainability performance, business competitiveness and economic success in an attempt to provide a comprehensive and structured view of this relationship. The book provides an unrivalled body of knowledge on the state of theory and practice in this field and identifies prospective future fields of work.
The book includes: conceptual frameworks for the interaction of social, environmental and economic issues in business environments; case studies of companies that have successfully integrated social, environmental and economic issues; analyses of the causal and empirical relationship between environmental and/or social performance, business performance and firm-level competitiveness; concepts and tools useful for improving business value with proactive operational strategies; assessment of the factors influencing operational sustainability strategies and their economic impact; and comparisons of interactions between sustainability performance and firm competitiveness across industry sectors and countries.
Managing the Business Case for Sustainability is the definitive work in its field: the most comprehensive book yet published on the theory and practice of managing sustainability performance, competitiveness, environmental, social and economic performance in an integrated way. It will be essential reading for managers, academics, consultants, fund managers, governments and government agencies, NGOs and international bodies who need a broad and comprehensive overview of the business case for sustainability.
This is a critical area — and a key book ... [this] book provides probably the most comprehensive collection to date of business case analyses, with contributions from more than 40 experts.
John Elkington, Founder and Chief Entrepreneur, SustainAbility
This new book ... provides the most comprehensive collection of analyses currently available in this area.
Professor Peter Forstmoser, CEO, Swiss Re
Laden with the vernacular of corporate social responsibility (CSR), the text is clearly not geared toward a lay audience but toward heavyweights — academics conducting empirical research on CSR and business practitioners trying to make corporate social and environmental sustainability a reality. For this audience, the book will prove an indispensable resource ...
Instead of validating one approach over the other, the researchers identify
the strengths of each strategy. Likewise, the book seeks not to endorse one
particular perspective on the corporate sustainability, but rather viewpoints
across the spectrum. Indeed, what is impressive about the book is its incredible
breadth and depth — which might explain its heft!
Bill Baue, socialfunds.com
I think this book would be an excellent study text for the required reading and study for an MBA or similar, related business study course ... recommended.
Eagle Bulletin Vol. 17, No. 3 (November 2006)
John Elkington, Founder and Chief Entrepreneur, SustainAbility
Peter Forstmoser, CEO, Swiss Re
Introduction. Managing and Measuring the Business Case for Sustainability. Capturing the Relationship between Sustainability Performance, Business Competitiveness and Economic Performance
Stefan Schaltegger, Centre for Sustainability Management, University of Lüneburg, Germany, and Marcus Wagner, Dr Theo Schöller Chair in Technology and Innovation Management, Technische Universität München and Centre for Sustainability Management, Universi
Part 1. Theory — conceptual
1. The link between environmental and economic performance
Environmental and Economic Performance: The Basic Links
Leena Lankoski, Helsinki University, Finland
How Can Environmental Management Contribute to Shareholder Value? The Environmental Shareholder Value Approach
Stefan Schaltegger, Centre for Sustainability Management, University of Lüneburg, Germany
Do Social Objectives Integrate with Core Corporate Objectives? The Future of Social Auditing
Trevor Goddard, Curtin University of Technology, Australia
Social Performance and Competitiveness: A Socio-Competitive Framework
Kuno Spirig, Zurich University of Applied Sciences, Winterthur, Switzerland
Mapping the Links of Corporate Sustainability: Sustainability Balanced Scorecards as a Tool for Sustainability Performance Measurement and Management
Marcus Wagner, Dr Theo Schöller Chair in Technology and Innovation Management, Technische Universität München and Centre for Sustainability Management, University of Lüneburg, Germany, and Stefan Schaltegger, Centre for Sustainability Management, Universi
A Model of Financial Analysis at the Service of Sustainability
Juan Piñeiro Chousa and Noelia Romero Castro, Department of Finance and Accounting, University of Santiago de Compostela, Spain
Sustainable Value Added: A New Approach to Measuring Corporate Sustainable Performance
Frank Figge, School of the Environment, University of Leeds, UK, and Tobias Hahn, Institute for Futures Studies and Technology Assessment, IZT, Germany
Sustainable Analysis of Industrial Operations: A Proof of Concept Demonstration Study
Sonja Lynn Odom, Laboratory for Sustainable Solutions, Department of Mechanical Engineering, University of South Carolina, USA
Part II. Empirical surveys — financial markets; industry and country surveys
4. Views from the financial markets
The Economic Performance of European Stock Corporations: Does Sustainability Matter?
Klaus Rennings, Michael Schröder and Andreas Ziegler, Centre for European Economic Research (ZEW), Germany
Capital Markets and Corporate Environmental Performance: Research in the United States
Dinah A. Koehler, Economics and Decision Sciences Research, National Center for Environmental Research, US Environmental Protection Agency, USA
Sustainable Investment and Financial Performance: Does Sustainability Compromise the Financial Performance of Companies and Investment Funds?
Eckhard Plinke and Andreas Knörzer, Sarasin Sustainability Investments, Bank Sarasin & Co. Ltd, Basel, Switzerland
Benchmarking Competitiveness and Management Quality with the Dow Jones Sustainability Index: The Case of the Automotive Industry and Climate Change
Niki Rosinski, Sustainable Asset Management (SAM), Zurich, Switzerland
Have Trends in Corporate Environmental Management Influenced Companies’ Competitiveness?
Henning Madsen and John P. Ulhøi, The Aarhus School of Business, Denmark
Competitiveness, Environmental Performance and Management of SMEs
David Hitchens, Queen’s University Belfast, UK, Jens Clausen, IÖW, Germany, Mary Trainor, Queen’s University Belfast, UK, Michael Keil, IÖW, Germany, and Samarthia Thankappan, Cardiff University, UK
IPPC and the Impact of Best Available Techniques (BAT) on the Competitiveness of European Industry: Survey of the European Non-Ferrous Metals Industry
David Hitchens, School of Management and Economics, Queen’s University Belfast, Northern Ireland, Frank Farrell, Environment Agency, Bristol, UK, Josefina Lindblom, Institute for Prospective Technological Studies (IPTS), Seville, Spain, and Ursula Triebsw
The Mutual Relationship between the Environmental Context and Management in the Netherlands
Ronald S. Batenburg, Department of Information Sciences, Utrecht University, the Netherlands
The Norwegian Environmental Business Barometer
Bjarne E. Ytterhus, Norwegian School of Management (BI), Sandvika, Norway
Sustainability Performance of Countries: Based on the Example of Oekom Research AG’s Country Rating
Matthias Bönning, Oekom Research, Munich, Germany
Does a Nation’s Ecological Performance Affect its Economic Stability? The Potential for Enhancing Sovereign Credit Risk Assessments with Ecological Resource Accounts
Mathis Wackernagel, Global Footprint Network, Oakland, CA, USA, Chris Martiniak, Global Footprint Network, Oakland, CA, USA, and University of Michigan Business School, USA, Fred Wellington, World Resources Institute, Sustainable Enterprise Program, and f
Part III. Evidence — strategies, case studies and management systems
7. Strategies and the business case for sustainability
Achieving Sustainable Corporate Competitiveness: Strategic Link between Top Management’s (Green) Commitment and Corporate Environmental Strategy
Ki-Hoon Lee, KwangWoon University, Korea, and Robert Ball, University of Stirling, UK
Ecopreneurship and Competitive Strategies: Striving for Market Leadership by Promoting Sustainability
Holger Petersen, Umweltbank Nürnberg and Centre for Sustainability Management, University of Lüneburg, Germany
Building a Business Case for Corporate Sustainability
Ulrich Steger, Institute for Management Development (IMD), Lausanne, Switzerland
Developing Value: The Business Case for Sustainability in Emerging Markets
Jodie Thorpe and Kavita Prakash-Mani, SustainAbility, UK
Managing Sustainability Performance in the Textile Chain
Stefan Seuring and Maria Goldbach, Supply Chain Management Centre, Carl von Ossietzky Universität Oldenburg, Germany
Sustainability and Competitiveness in the Renewable Energy Sector: The Case of Vestas Wind Systems
Rolf Wüstenhagen, Institute for Economy and the Environment, Switzerland
Path-Dependent Thinking and Ecoproducts: An Empirical Study of Socio-Cognitive Models and Product Propositions of Ford and Volvo Cars
Mats Williander, Fenix Centre for Research on Knowledge and Business Creation, Chalmers University of Technology, Sweden
Honda and Toyota: Using Sustainability in a New Competitive Battleground
Peter A. Stanwick and Sarah D. Stanwick, Department of Management and School of Accountancy, College of Business, Auburn University, USA
Incremental Change towards Sustainanbility: Integrating Human and Ecological Factors for Efficiency
Suzanne Benn, School of Management, University of Technology, Sydney, Australia, and E. Jane Probert, European Business Management School, University of Wales Swansea, Swansea, UK
ISO 14001: Profitable? Yes! But is it eco-effective?
Jost Hamschmidt and Thomas Dyllick, University of St Gallen, Switzerland
What Makes Environmental Management Systems Successful? An Empirical Study in the German Manufacturing Sector
Boris Braun, Department of Geography, Otto-Friedrich-University, Bamberg, Germany
|Stefan Schaltegger is full professor for Management and Business Economics at the University of Lüneburg, Germany and director of the Centre for Sustainability Management (CSM). He is head of the MBA sustainability management programme 'Sustainament' and chairman of the Environmental Management Accounting Network (EMAN) Europe. His research deals with sustainability management including sustainability accounting, information management, sustainable finance, sustainable entrepreneurship and strategic environmental management. He is on the board of a number of international scientific associations and journals.|
|Marcus Wagner is assistant professor at the TUM Business School. He is an associate research fellow at the Centre for Sustainability Management, University of Lüneburg, where he also teaches on the MBA programme 'Sustainament'. His research is concerned with innovation and technology management as well as sustainability management in areas such as co-operation in innovation and sustainable and environmental innovation. Dr Wagner was also a lecturer/author at Hagen University (microeconomics; growth, distribution, business cycles; environmental accounting and performance indicators; environmental economics). From 2002 to 2005, he worked as a senior manager/manager in the semiconductor and chemicals industries. In 2001, he was scientific advisor to the Global Reporting Initiative.|