IDEAS home Printed from https://ideas.repec.org/a/bit/bsrysr/v15y2024i1p158-177n1008.html
   My bibliography  Save this article

Exploring the Link between Sustainable Practices and Corporate Performance Across Industries

Author

Listed:
  • Osorio Iris Maria Velez

    (Faculty of Economics and Business Science, Pontificia Universidad Javeriana Cali, Colombia)

Abstract

Background The adoption of the Sustainable Development Goals (SDGs) has set a global standard for promoting sustainable practices. However, manufacturing companies need help in adopting these practices due to differences between industries, the need for research and development, and variations in corporate sizes. Objectives This analysis aims to study sustainability practices and their impact on corporate performance across different industries. It seeks to identify whether there is a relationship between sustainability practices and corporate performance in manufacturing companies and if the type of industry affects this relationship. Methods/Approach To achieve this goal, a multivariate analysis was conducted using hierarchical regression. Results The research indicates a direct connection between sustainability practices and corporate performance. It highlights the importance of creating distinctive sustainability practices that cater to the specific needs and characteristics of each industry. Conclusions Developing corporate strategies around sustainability is imperative. Additionally, public policies should be implemented to encourage the adoption of such practices, reinforcing the need for industry-specific approaches to enhance both sustainability and corporate performance.

Suggested Citation

  • Osorio Iris Maria Velez, 2024. "Exploring the Link between Sustainable Practices and Corporate Performance Across Industries," Business Systems Research, Sciendo, vol. 15(1), pages 158-177.
    • Handle: RePEc:bit:bsrysr:v:15:y:2024:i:1:p:158-177:n:1008
    DOI: 10.2478/bsrj-2024-0008
    as

    Download full text from publisher

    File URL: https://doi.org/10.2478/bsrj-2024-0008
    Download Restriction: no
    File URL: https://libkey.io/10.2478/bsrj-2024-0008?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    performance; sustainability; industry; manufacturing;
    All these keywords.

    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • L6 - Industrial Organization - - Industry Studies: Manufacturing

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bit:bsrysr:v:15:y:2024:i:1:p:158-177:n:1008. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.