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Chapter 11: Toward Sustainability and Responsible Organizations

Chapter 11: Toward Sustainability and Responsible Organizations

pp. 417-444

Authors

, University of Western Ontario, , Northeastern University, Boston, , University of Western Ontario, , Aalborg University, Denmark
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Extract

Toward Sustainability and Responsible Organizations addresses the purpose of business and social and environmental sustainability in the complex context of working across boundaries. State capitalism, shareholder capitalism, and stakeholder capitalism are compared. The chronological development of the concepts of sustainability and corporate responsibility is presented. Major corporate sustainability frameworks are identified. The United Nations’ 17 SDG’s, the Global Reporting Initiative, and the sustainable value framework are discussed. The relationship between ESG and financial performance is addressed. Involving and communicating with internal and external stakeholders are important aspects of navigating paradoxes associated with sustainable transformation. The common stakeholder–shareholder paradoxical tension that exists in sustainability management is discussed with an example.

Keywords

  • Sustainability
  • state capitalism
  • shareholder capitalism
  • stakeholder capitalism
  • SDG
  • GRI
  • ESG
  • paradox

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