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Practical tools for measuring and monitoring sustainable innovation

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  • Guimarães, Cristina
  • Santos, José Duarte
  • Almeida, Fernando

Abstract

Organizations assume a key role in the goal of achieving sustainable development and are influential elements on the path to sustainability. Allied with competitiveness, today, there is also a strategy based on sustainability, anchored in the concept of responsibility, minimizing the potential negative effects of our actions through innovative products, services, processes, and models. Measuring and monitoring these efforts is currently a challenge for organizations. This study adopts a mixed methods approach to address this challenge and identifies 13 tools and 16 dimensions that are central elements in the process of measuring and monitoring sustainable innovation. The findings indicate that the dimensions related to social and governance components are the most relevant in sustainable innovation, while inclusion and entrepreneurship are dimensions that are not highly valued by these tools.

Suggested Citation

  • Guimarães, Cristina & Santos, José Duarte & Almeida, Fernando, 2024. "Practical tools for measuring and monitoring sustainable innovation," Innovation and Green Development, Elsevier, vol. 3(4).
    • Handle: RePEc:eee:ingrde:v:3:y:2024:i:4:s2949753124000493
    DOI: 10.1016/j.igd.2024.100172
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