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Evaluation of Sustainability Practices in the United States and Large Corporations

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  • M. Hashmi
  • Amal Damanhouri
  • Divya Rana

Abstract

A survey-based research study was conducted to analyze sustainability practices of large U.S. corporations in their domestic and international operations. Large U.S. corporations were slow to address global environmental challenges, but a majority of them now demonstrate a clear understanding of their responsibilities. Most large U.S. corporations are proactively involved in sustainability and environmentally friendly measures, and their involvement at home is more intense than abroad. Analyses revealed that U.S. corporations engage in eight activities related to sustainability: investing in energy-efficient methods, generating electricity from solar power, generating electricity from wind power, using biofuels, trading carbon credits, supporting environmental organizations, generating electricity from biomass, and generating electricity from hydropower. Of these, only generating electricity from biomass and hydropower were not significantly different with respect to U.S. corporations’ foreign and domestic implementation. This paper represents the first attempt to determine whether and how U.S. corporations’ efforts to promote sustainability differ with respect to their operational locus (domestic or overseas). Copyright Springer Science+Business Media Dordrecht 2015

Suggested Citation

  • M. Hashmi & Amal Damanhouri & Divya Rana, 2015. "Evaluation of Sustainability Practices in the United States and Large Corporations," Journal of Business Ethics, Springer, vol. 127(3), pages 673-681, March.
    • Handle: RePEc:kap:jbuset:v:127:y:2015:i:3:p:673-681
    DOI: 10.1007/s10551-014-2056-4
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    References listed on IDEAS

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    1. Fthenakis, Vasilis & Mason, James E. & Zweibel, Ken, 2009. "The technical, geographical, and economic feasibility for solar energy to supply the energy needs of the US," Energy Policy, Elsevier, vol. 37(2), pages 387-399, February.
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    Cited by:

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    2. Lui, Ariel K.H. & Lo, Chris K.Y. & Ngai, Eric W.T. & Yeung, Andy C.L., 2021. "Forced to be green? The performance impact of energy-efficient systems under institutional pressures," International Journal of Production Economics, Elsevier, vol. 239(C).
    3. Guangtao Zeng & Yuehua Xu, 2019. "Sustainable development and the rating effects: A strategic categorization approach," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(6), pages 1554-1564, November.
    4. Dmitry A. Ruban & Natalia N. Yashalova & Vladimir A. Ermolaev, 2021. "Is Environment a Strategic Priority of the Leading Energy Companies? Evidence from Mission Statements," Sustainability, MDPI, vol. 13(4), pages 1-18, February.
    5. Catherine Le Roux & Marius Pretorius, 2016. "Conceptualizing the Limiting Issues Inhibiting Sustainability Embeddedness," Sustainability, MDPI, vol. 8(4), pages 1-22, April.
    6. Fuan Li & Xingyuan Wang & Rajiv Kashyap, 2019. "Socially Responsible Practice and CSR Orientation of Chinese Managers: The Role of Confucian Ethics and Confucian Dynamism," Sustainability, MDPI, vol. 11(23), pages 1-13, November.
    7. Ali Fatemi & Iraj Fooladi, 2020. "A primer on sustainable value creation," Review of Financial Economics, John Wiley & Sons, vol. 38(3), pages 452-473, July.
    8. Rizwan Ullah & Weiwei Wu, 2023. "How green-friendly practices and environmental disclosure affect the technological capability of the firm," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(2), pages 1276-1300, February.
    9. Catherine Le Roux & Marius Pretorius, 2016. "Navigating Sustainability Embeddedness in Management Decision-Making," Sustainability, MDPI, vol. 8(5), pages 1-23, May.
    10. Sarah Birrell Ivory & R. Bradley MacKay, 2020. "Scaling sustainability from the organizational periphery to the strategic core: Towards a practice‐based framework of what practitioners “do”," Business Strategy and the Environment, Wiley Blackwell, vol. 29(5), pages 2058-2077, July.
    11. Fuan Li, 2022. "Market Ethic and Morality Transformation in Emerging Economies," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(1), pages 111-124.
    12. Hyunju Shin & Alexander E. Ellinger & Helenka Hopkins Nolan & Tyler D. DeCoster & Forrest Lane, 2018. "An Assessment of the Association Between Renewable Energy Utilization and Firm Financial Performance," Journal of Business Ethics, Springer, vol. 151(4), pages 1121-1138, September.

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