IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v13y2020i1p273-d470557.html
   My bibliography  Save this article

Building a Theoretical Framework for Corporate Sustainability

Author

Listed:
  • Joaquin Sanchez-Planelles

    (Management Department, Universitat Politecnica de Valencia, Camino de Vera, s/n 46022 Valencia, Spain)

  • Marival Segarra-Oña

    (Management Department, Universitat Politecnica de Valencia, Camino de Vera, s/n 46022 Valencia, Spain)

  • Angel Peiro-Signes

    (Management Department, Universitat Politecnica de Valencia, Camino de Vera, s/n 46022 Valencia, Spain)

Abstract

Literature about sustainability and sustainable businesses has become a large field of study during the last years. This field is growing so fast that there are sub-areas or bodies of literature within the sustainability which scopes with clear boundaries between each other. This has caused the apparition of several methodologies and tools for turning traditional companies into sustainable business models. This paper aims to develop the descriptive stage of the theory building process through a careful review of literature to create the first phase of a theory about corporate sustainability. It provides the following classification of concepts retrieved from the observation of the state of art: holistic sustainability, sustainable business models, sustainable methodologies, sustainable operations, and sustainability-oriented innovation. In addition, it seeks to establish relationships between the sustainable concepts and the expected outcomes that their implementation can generate among companies and organizations. Finally, it gives an overview of possibilities for managers that want to embed sustainability in their firms and clear paths of research for keeping the building of the theory about corporate sustainability as a process of constant iteration and improvement.

Suggested Citation

  • Joaquin Sanchez-Planelles & Marival Segarra-Oña & Angel Peiro-Signes, 2020. "Building a Theoretical Framework for Corporate Sustainability," Sustainability, MDPI, vol. 13(1), pages 1-21, December.
  • Handle: RePEc:gam:jsusta:v:13:y:2020:i:1:p:273-:d:470557
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/13/1/273/pdf
    Download Restriction: no

    File URL: https://www.mdpi.com/2071-1050/13/1/273/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Phil Brown & Nancy Bocken & Ruud Balkenende, 2019. "Why Do Companies Pursue Collaborative Circular Oriented Innovation?," Sustainability, MDPI, vol. 11(3), pages 1-23, January.
    2. Julia L. K. Nußholz, 2017. "Circular Business Models: Defining a Concept and Framing an Emerging Research Field," Sustainability, MDPI, vol. 9(10), pages 1-16, October.
    3. Nancy Bocken & Lars Strupeit & Katherine Whalen & Julia Nußholz, 2019. "A Review and Evaluation of Circular Business Model Innovation Tools," Sustainability, MDPI, vol. 11(8), pages 1-25, April.
    4. Francisca Sempere-Ripoll & Sofia Estelles-Miguel & Ronald Rojas-Alvarado & Jose-Luis Hervas-Oliver, 2020. "Does Technological Innovation Drive Corporate Sustainability? Empirical Evidence for the European Financial Industry in Catching-Up and Central and Eastern Europe Countries," Sustainability, MDPI, vol. 12(6), pages 1-19, March.
    5. Chang, Rui-Dong & Zuo, Jian & Zhao, Zhen-Yu & Zillante, George & Gan, Xiao-Long & Soebarto, Veronica, 2017. "Evolving theories of sustainability and firms: History, future directions and implications for renewable energy research," Renewable and Sustainable Energy Reviews, Elsevier, vol. 72(C), pages 48-56.
    6. Say Keat Ooi & Chai Aun Ooi & Khalid Rasheed Memon, 2020. "The role of CSR oriented organisational culture in eco-innovation practices," World Review of Entrepreneurship, Management and Sustainable Development, Inderscience Enterprises Ltd, vol. 16(5), pages 538-556.
    7. Florian Lüdeke-Freund & Stefan Schaltegger & Krzysztof Dembek, 2019. "Strategies and drivers of sustainable business model innovation," Chapters, in: Frank Boons & Andrew McMeekin (ed.), Handbook of Sustainable Innovation, chapter 6, pages 101-123, Edward Elgar Publishing.
    8. Harris, Jared D. & Freeman, R. Edward, 2008. "The Impossibility of the Separation Thesis: A Response to Joakim Sandberg," Business Ethics Quarterly, Cambridge University Press, vol. 18(4), pages 541-548, October.
    9. Nieves Arranz & Marta Arroyabe & Jun Li & Juan Carlos Fernandez de Arroyabe, 2020. "Innovation as a driver of eco‐innovation in the firm: An approach from the dynamic capabilities theory," Business Strategy and the Environment, Wiley Blackwell, vol. 29(3), pages 1494-1503, March.
    10. Phil Brown & Nancy Bocken & Ruud Balkenende, 2020. "How Do Companies Collaborate for Circular Oriented Innovation?," Sustainability, MDPI, vol. 12(4), pages 1-21, February.
    11. Robert G. Eccles & Ioannis Ioannou & George Serafeim, 2014. "The Impact of Corporate Sustainability on Organizational Processes and Performance," Management Science, INFORMS, vol. 60(11), pages 2835-2857, November.
    12. Marzucchi, Alberto & Montresor, Sandro, 2017. "Forms of knowledge and eco-innovation modes: Evidence from Spanish manufacturing firms," Ecological Economics, Elsevier, vol. 131(C), pages 208-221.
    13. Andrea Revell & David Stokes & Hsin Chen, 2010. "Small businesses and the environment: turning over a new leaf?," Business Strategy and the Environment, Wiley Blackwell, vol. 19(5), pages 273-288, July.
    14. Saeed Nosratabadi & Amir Mosavi & Shahaboddin Shamshirband & Edmundas Kazimieras Zavadskas & Andry Rakotonirainy & Kwok Wing Chau, 2019. "Sustainable Business Models: A Review," Sustainability, MDPI, vol. 11(6), pages 1-30, March.
    15. Kaplan, Robert S., 1986. "The role for empirical research in management accounting," Accounting, Organizations and Society, Elsevier, vol. 11(4-5), pages 429-452, July.
    16. Rennings, Klaus, 2000. "Redefining innovation -- eco-innovation research and the contribution from ecological economics," Ecological Economics, Elsevier, vol. 32(2), pages 319-332, February.
    17. Stefan Schaltegger & Marcus Wagner, 2011. "Sustainable entrepreneurship and sustainability innovation: categories and interactions," Business Strategy and the Environment, Wiley Blackwell, vol. 20(4), pages 222-237, May.
    18. Taylor, Frederick Winslow, 1911. "The Principles of Scientific Management," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number taylor1911.
    19. Vanessa Prieto‐Sandoval & Marta Ormazabal & Carmen Jaca & Elisabeth Viles, 2018. "Key elements in assessing circular economy implementation in small and medium‐sized enterprises," Business Strategy and the Environment, Wiley Blackwell, vol. 27(8), pages 1525-1534, December.
    20. Freeman, R. Edward, 1994. "The Politics of Stakeholder Theory: Some Future Directions1," Business Ethics Quarterly, Cambridge University Press, vol. 4(4), pages 409-421, October.
    21. George Serafeim, 2018. "Investors as Stewards of the Commons?," Journal of Applied Corporate Finance, Morgan Stanley, vol. 30(2), pages 8-17, June.
    22. Kuen‐Hung Tsai & Yi‐Chuan Liao, 2017. "Innovation Capacity and the Implementation of Eco‐innovation: Toward a Contingency Perspective," Business Strategy and the Environment, Wiley Blackwell, vol. 26(7), pages 1000-1013, November.
    23. W Ulrich, 2003. "Beyond methodology choice: critical systems thinking as critically systemic discourse," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 54(4), pages 325-342, April.
    24. Margarida Rodrigues & Mário Franco, 2019. "The Corporate Sustainability Strategy in Organisations: A Systematic Review and Future Directions," Sustainability, MDPI, vol. 11(22), pages 1-22, November.
    25. Arnold Tukker, 2004. "Eight types of product–service system: eight ways to sustainability? Experiences from SusProNet," Business Strategy and the Environment, Wiley Blackwell, vol. 13(4), pages 246-260, July.
    26. D. Perez‐Sanchez & J. R. Barton & D. Bower, 2003. "Implementing environmental management in SMEs," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 10(2), pages 67-77, June.
    27. David Doloreux & Luisa Kraft, 2019. "A Taxonomy of Eco-Innovation Types in SMEs: Exploring Different Firm Profiles in the Canadian Wine Industry," Sustainability, MDPI, vol. 11(20), pages 1-14, October.
    28. Melek Yurdakul & Halim Kazan, 2020. "Effects of Eco-Innovation on Economic and Environmental Performance: Evidence from Turkey’s Manufacturing Companies," Sustainability, MDPI, vol. 12(8), pages 1-22, April.
    29. Laura Michelini & Daniela Fiorentino, 2012. "New business models for creating shared value," Social Responsibility Journal, Emerald Group Publishing Limited, vol. 8(4), pages 561-577, September.
    30. Rodrigo Lozano, 2014. "Creativity and Organizational Learning as Means to Foster Sustainability," Sustainable Development, John Wiley & Sons, Ltd., vol. 22(3), pages 205-216, May.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Rodríguez-Espíndola, Oscar & Cuevas-Romo, Ana & Chowdhury, Soumyadeb & Díaz-Acevedo, Natalie & Albores, Pavel & Despoudi, Stella & Malesios, Chrisovalantis & Dey, Prasanta, 2022. "The role of circular economy principles and sustainable-oriented innovation to enhance social, economic and environmental performance: Evidence from Mexican SMEs," International Journal of Production Economics, Elsevier, vol. 248(C).
    2. Noemi Sinkovics & Denanjalee Gunaratne & Rudolf R. Sinkovics & Francisco-Jose Molina-Castillo, 2021. "Sustainable Business Model Innovation: An Umbrella Review," Sustainability, MDPI, vol. 13(13), pages 1-17, June.
    3. Jacek Wysocki, 2021. "Innovative Green Initiatives in the Manufacturing SME Sector in Poland," Sustainability, MDPI, vol. 13(4), pages 1-19, February.
    4. Nathalia Suchek & Mário Franco, 2024. "Inter-organisational Cooperation Oriented Towards Sustainability Involving SMEs: a Systematic Literature Review," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(1), pages 1952-1972, March.
    5. Gianluca Biggi & Andrea Mina & Federico Tamagni, 2023. "There are different shades of green: heterogeneous environmental innovations and their effects on firm performance," Papers 2310.08353, arXiv.org.
    6. Ana de Jesus & Minna Lammi & Teresa Domenech & Fedra Vanhuyse & Sandro Mendonça, 2021. "Eco-Innovation Diversity in a Circular Economy: Towards Circular Innovation Studies," Sustainability, MDPI, vol. 13(19), pages 1-22, October.
    7. Hartmann, Julia & Inkpen, Andrew & Ramaswamy, Kannan, 2022. "An FsQCA exploration of multiple paths to ecological innovation adoption in European transportation," Journal of World Business, Elsevier, vol. 57(5).
    8. Mark Anthony Camilleri, 2021. "Sustainable Production and Consumption of Food. Mise-en-Place Circular Economy Policies and Waste Management Practices in Tourism Cities," Sustainability, MDPI, vol. 13(17), pages 1-13, September.
    9. Zhongju Liao, 2018. "Institutional pressure, knowledge acquisition and a firm's environmental innovation," Business Strategy and the Environment, Wiley Blackwell, vol. 27(7), pages 849-857, November.
    10. Chiara Pellegrini & Eleonora Annunziata & Francesco Rizzi & Marco Frey, 2019. "The role of networks and sustainable intrapreneurship as interactive drivers catalyzing the adoption of sustainable innovation," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(5), pages 1026-1048, September.
    11. Marc Dressler, 2023. "Sustainable Business Model Design: A Multi-Case Approach Exploring Generic Strategies and Dynamic Capabilities on the Example of German Wine Estates," Sustainability, MDPI, vol. 15(5), pages 1-19, February.
    12. Jan Konietzko & Nancy Bocken & Erik Jan Hultink, 2020. "A Tool to Analyze, Ideate and Develop Circular Innovation Ecosystems," Sustainability, MDPI, vol. 12(1), pages 1-39, January.
    13. Bocken, Nancy & Konietzko, Jan, 2022. "Circular business model innovation in consumer-facing corporations," Technological Forecasting and Social Change, Elsevier, vol. 185(C).
    14. Huang, Youlin & Qian, Lixian, 2021. "Consumer adoption of electric vehicles in alternative business models," Energy Policy, Elsevier, vol. 155(C).
    15. Mateusz Wielopolski & Willem Bulthuis, 2023. "The Better Building Initiative — a Collaborative Ecosystem Involving All Stakeholders as Catalyst to Accelerate the Adoption of Circular Economy Innovations in the Construction Sector," Circular Economy and Sustainability, Springer, vol. 3(2), pages 719-733, June.
    16. Maria Rosa De Giacomo & Raimund Bleischwitz, 2020. "Business models for environmental sustainability: Contemporary shortcomings and some perspectives," Business Strategy and the Environment, Wiley Blackwell, vol. 29(8), pages 3352-3369, December.
    17. Nadia Preghenella & Cinzia Battistella, 2021. "Exploring business models for sustainability: A bibliographic investigation of the literature and future research directions," Business Strategy and the Environment, Wiley Blackwell, vol. 30(5), pages 2505-2522, July.
    18. Marilia Bossle & Marcia de Barcellos & Luciana Vieira, 2015. "Eco-innovative food in Brazil: perceptions from producers and consumers," Agricultural and Food Economics, Springer;Italian Society of Agricultural Economics (SIDEA), vol. 3(1), pages 1-18, December.
    19. Marc Dressler, 2023. "Generic strategic profiling of entrepreneurial SMEs – environmentalism as hygiene factor," International Entrepreneurship and Management Journal, Springer, vol. 19(1), pages 121-150, March.
    20. Antonella Zucchella & Pietro Previtali & Roger Strange, 2022. "Proactive and reactive views in the transition towards circular business models. A grounded study in the plastic packaging industry," International Entrepreneurship and Management Journal, Springer, vol. 18(3), pages 1073-1102, September.

    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:gam:jsusta:v:13:y:2020:i:1:p:273-:d:470557. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.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.