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An Assessment Tool to Integrate Sustainability Principles into the Global Supply Chain

Author

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  • María Jesús Muñoz-Torres

    (Department of Finance and Accounting, Universitat Jaume I, Campus del Riu Sec—Avda. Vicent Sos Baynat s/n, 12071 Castellón de la Plana, Spain)

  • María Ángeles Fernández-Izquierdo

    (Department of Finance and Accounting, Universitat Jaume I, Campus del Riu Sec—Avda. Vicent Sos Baynat s/n, 12071 Castellón de la Plana, Spain)

  • Juana M. Rivera-Lirio

    (Department of Finance and Accounting, Universitat Jaume I, Campus del Riu Sec—Avda. Vicent Sos Baynat s/n, 12071 Castellón de la Plana, Spain)

  • Idoya Ferrero-Ferrero

    (Department of Finance and Accounting, Universitat Jaume I, Campus del Riu Sec—Avda. Vicent Sos Baynat s/n, 12071 Castellón de la Plana, Spain)

  • Elena Escrig-Olmedo

    (Department of Finance and Accounting, Universitat Jaume I, Campus del Riu Sec—Avda. Vicent Sos Baynat s/n, 12071 Castellón de la Plana, Spain)

  • José Vicente Gisbert-Navarro

    (Department of Finance and Accounting, Universitat Jaume I, Campus del Riu Sec—Avda. Vicent Sos Baynat s/n, 12071 Castellón de la Plana, Spain)

  • María Chiara Marullo

    (Department of Finance and Accounting, Universitat Jaume I, Campus del Riu Sec—Avda. Vicent Sos Baynat s/n, 12071 Castellón de la Plana, Spain)

Abstract

The integration of sustainability principles into the assessment of companies along the supply chains is a growing research area. However, there is an absence of a generally accepted method to evaluate corporate sustainability performance (CSP), and the models and frameworks proposed by the literature present various important challenges to be addressed. A systematic literature review on the supply chain at the corporate level has been conducted, analyzing the main strengths and gaps in the sustainability assessment literature. Therefore, this paper aims to contribute to the development of this field by proposing an assessment framework a leading company can adopt to expand sustainability principles to the rest of the members of the supply chain. This proposal is based on best practices and integrates and shares efforts with key initiatives (for instance, the Organizational Environmental Footprint from the European Commission and United Nations Environment Programme and the Society of Environmental Toxicology and Chemistry UNEP/SETAC); moreover, it overcomes important limitations of the current sustainability tools in a supply chain context consistent with the circular economy, the Sustainable Development Goals (SDGs), planetary boundaries, and social foundation requirements. The results obtained create, on the one hand, new opportunities for academics; and, on the other hand, in further research, the use of this framework could be a means of actively engaging companies in their supply chains and of achieving the implementation of practical and comprehensive CSP assessment.

Suggested Citation

  • María Jesús Muñoz-Torres & María Ángeles Fernández-Izquierdo & Juana M. Rivera-Lirio & Idoya Ferrero-Ferrero & Elena Escrig-Olmedo & José Vicente Gisbert-Navarro & María Chiara Marullo, 2018. "An Assessment Tool to Integrate Sustainability Principles into the Global Supply Chain," Sustainability, MDPI, vol. 10(2), pages 1-20, February.
  • Handle: RePEc:gam:jsusta:v:10:y:2018:i:2:p:535-:d:132248
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    13. Johnsson, Filip & Karlsson, Ida & Rootzén, Johan & Ahlbäck, Anders & Gustavsson, Mathias, 2020. "The framing of a sustainable development goals assessment in decarbonizing the construction industry – Avoiding “Greenwashing”," Renewable and Sustainable Energy Reviews, Elsevier, vol. 131(C).
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    17. Shiferaw Feleke & Steven Michael Cole & Haruna Sekabira & Rousseau Djouaka & Victor Manyong, 2021. "Circular Bioeconomy Research for Development in Sub-Saharan Africa: Innovations, Gaps, and Actions," Sustainability, MDPI, vol. 13(4), pages 1-20, February.
    18. Elena Escrig-Olmedo & María Ángeles Fernández-Izquierdo & Idoya Ferrero-Ferrero & Juana María Rivera-Lirio & María Jesús Muñoz-Torres, 2019. "Rating the Raters: Evaluating how ESG Rating Agencies Integrate Sustainability Principles," Sustainability, MDPI, vol. 11(3), pages 1-16, February.
    19. Hanna Ahlström, 2019. "Policy Hotspots for Sustainability: Changes in the EU Regulation of Sustainable Business and Finance," Sustainability, MDPI, vol. 11(2), pages 1-22, January.
    20. Michael A. Urban & Dariusz Wójcik, 2019. "Dirty Banking: Probing the Gap in Sustainable Finance," Sustainability, MDPI, vol. 11(6), pages 1-23, March.
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