sustainability-logo

Journal Browser

Journal Browser

Evaluation of Corporate Social Responsibility (CSR), Wellbeing, and Innovation Practices in Achieving Sustainable Value Creation

A special issue of Sustainability (ISSN 2071-1050). This special issue belongs to the section "Economic and Business Aspects of Sustainability".

Deadline for manuscript submissions: 31 May 2024 | Viewed by 1812

Special Issue Editors


E-Mail Website
Guest Editor
1. Economics, Accounting, and Finance Department, Keele Business School, Keele University, Staffordshire ST5 5AA, UK
2. Accounting Department, Faculty of Commerce, Damanhour University, Damanhour P.O. Box 22511, Egypt
Interests: corporate governance and sustainability; corporate social responsibility; corporate reporting quality; Islamic accounting; accounting education
Special Issues, Collections and Topics in MDPI journals

E-Mail Website
Guest Editor
1. School of Finance and Accounting, University of Westminster, London, UK
2. Faculty of Commerce, Cairo University, Cairo, Egypt
Interests: accountability, ethics, and sustainability; social & environmental accounting-corporate social responsibility; gender diversity; sustainable development goals; sustainability accounting & reporting; corporate governance; business strategy; audit quality

Special Issue Information

Dear Colleagues,

The aim of this Special Issue is to evaluate the impacts of corporate social responsibility (CSR), wellbeing, and innovation practices on achieving sustainable value creation.  In the face of numerous challenges, such as climate change, deforestation, biodiversity loss, hunger, poverty, inequality, racism, modern slavery, shareholderism, recent pandemics, and financial instability, it has become crucial for corporations to integrate innovative CSR agendas into their traditional business models, with sustainable value creation at the forefront of the new business era. Both shareholders and non-shareholder stakeholders consider not only financial performance but also social and environmental performance when making business investment decisions. Consequently, sustainable business agendas represent a good opportunity for firms to boost trust in business and create value on a wide scale. However, a sustainable business must be financially worthy so that it can have a positive impact on corporate profitability, accelerating the long-term progress of corporations and the overall sustainable financial stability.

Sustainable firms are generally recognized as playing a crucial role in achieving sustainable long-term high values for stakeholders. Therefore, they can promote responsible investments and integrate environmental and social elements into their innovative investment strategies. Corporate boardrooms and senior leadership teams can use CSR mechanisms and innovation to support investment projects and activities that aim to achieve SMART (specific, measurable, achievable, recordable, and timed) long-term sustainable financial, social, and environmental targets. Accordingly, there is a need for further research on CSR initiatives, and innovative sustainable value creation modules that achieve these SMART targets. In this Special Issue, we seek to contribute to the existing literature on CSR initiatives for stakeholders' wellbeing and the creation of sustainable values on a large scale. Our objective is to provide deeper insights into the roles played by CSR elements (wellbeing of people, environmental protection, social contribution, and economic stability) and innovation models in enhancing corporate sustainable value creation.

This Special Issue of Sustainability will encompass a collection of empirical and theoretical research articles spanning various themes related to CSR, wellbeing, innovation, and sustainable value creation practices. We invite submissions that address topics including, but not limited to:

  • CSR and sustainable business management;
  • CSR agenda and stakeholders’ wellbeing;
  • Corporate socially responsible investments and innovation;
  • ESG/CSR practices and value creation;
  • Companies' contribution to the 17 UN SDGs and the current status of corporate practices;
  • The role of formal and informal institutions in shaping sustainable development;
  • The role of regulations and policy enforcement in shaping the future of corporate sustainable value creation;
  • ESG/CSR practices, incentives, and benefits in developed and developing economies;
  • Capital market reactions to corporate sustainable value creation practices;
  • Utilizing data analytics, artificial intelligence, and machine learning to assess environmental impact and identify areas for improvement;
  • Embracing the principles of the circular economy as a central direction for achieving corporate green innovation, where resources are used efficiently, waste is minimized, and products and services are designed for durability and recyclability.

Papers selected for this Special Issue will undergo a rigorous peer-review process with the aim of rapid and wide dissemination of research results.

Dr. Akrum Helfaya
Dr. Tantawy Moussa
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Sustainability is an international peer-reviewed open access semimonthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 2400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • CSR
  • wellbeing
  • innovation
  • sustainability

Published Papers (2 papers)

Order results
Result details
Select all
Export citation of selected articles as:

Research

27 pages, 623 KiB  
Article
Greening the Workplace: Exploring the Influence of Corporate Sustainability Governance on Corporate Labour Rights in the Case of Indian Listed Companies for the Period of 2010 to 2021
by Akrum Helfaya, Nadeesha Muthuthantrige and Shirley Xu
Sustainability 2024, 16(10), 4004; https://doi.org/10.3390/su16104004 (registering DOI) - 10 May 2024
Viewed by 115
Abstract
Amidst today’s globalized economy, embedding sustainable practices into corporate governance frameworks has become important. This era underscores a heightened focus on CSR and sustainability, drawing considerable scholarly and practical interest to the nexus of corporate governance, sustainability initiatives, and corporate labour rights (CLRs). [...] Read more.
Amidst today’s globalized economy, embedding sustainable practices into corporate governance frameworks has become important. This era underscores a heightened focus on CSR and sustainability, drawing considerable scholarly and practical interest to the nexus of corporate governance, sustainability initiatives, and corporate labour rights (CLRs). Hence, this study investigates the relationship between corporate sustainability governance initiatives (CSGIs) and CLR practices in India. Despite regulatory efforts, issues such as modern slavery and low wages persist in the country. Drawing on legitimacy, agency, stakeholder, and resource dependency theories, this study examines how CSGIs influence CLR practices. Data from 1212 observations of top Indian listed companies between 2010 and 2021 indicate positive correlations between CSGI dimensions and CLR practices across industries and board CSR orientations. This research underscores the importance of CSGIs in promoting sustainable corporate practices and improving CLRs in emerging economies. It also aligns with the United Nations sustainable development goals (SDGs), particularly SDG 3, SDG 5, SDG 8, and SDG 10. By combining theoretical rigour with practical relevance, this study provides insights for businesses, policymakers, workers, investors, and CSR scholars, contributing to efforts to enhance CLRs in India and beyond. For instance, the study offers actionable guidance for businesses and policymakers aiming to improve CLR practices. It highlights the positive correlation between specific attributes of CSGIs and CLR practices, providing insights for corporate decision-making and emphasizing the importance of aligning operations with the UN’s sustainable development goals. The findings serve as critical decision-making tools for investors concerned with corporate sustainability governance and CLRs to identify ethically responsible companies and mitigate investment risks. Full article
25 pages, 4102 KiB  
Article
The Methodology for Assessing the Applicability of CSR into Supplier Management Systems
by Ferdinand Kóča, Hana Pačaiová, Renata Turisová, Andrea Sütőová and Peter Darvaši
Sustainability 2023, 15(17), 13240; https://doi.org/10.3390/su151713240 - 4 Sep 2023
Cited by 1 | Viewed by 1205
Abstract
The implementation of management systems has become a strategic advantage in achieving business goals, especially in industrial organizations, but the implementation of social responsibility requirements is an especially ethical issue. Due to the existence of various standards (often industry-specific) as well as individual [...] Read more.
The implementation of management systems has become a strategic advantage in achieving business goals, especially in industrial organizations, but the implementation of social responsibility requirements is an especially ethical issue. Due to the existence of various standards (often industry-specific) as well as individual codes of conduct developed by large multinational organizations, supplier organizations must face a variety of requirements. The question, then, is to what extent their established management systems (MSs) meet these requirements. The objectives of the study were to: (1) analyze the different CSR requirements of internationally recognized cross-industry and industry-specific standards and codes in different industries; (2) select the most appropriate framework and develop a methodology for assessing the degree of applicability of CSR in the selected management systems; (3) apply the proposed methodology (the so-called Social Requirements Applicability in Management Systems—SRIMS) in the selected areas: automotive industry, research organization, and metallurgical industry; and (4) analyze the results of SRIMS by the application of the ANOVA and Bonferroni method and define clusters within the selected factors—“Organization”, “Standard”, and “Chapter” and determine differences between pairs within each factor. The application of the Bonferroni method confirmed the hypotheses that the developed SRIMS model is an appropriate tool for assessing the overall level of applicability of CSR requirements in established MSs. Full article
Show Figures

Figure 1

Back to TopTop