IDEAS home Printed from https://ideas.repec.org/h/elg/eechap/22102_2.html
   My bibliography  Save this book chapter

Barriers and limitations to effective measurement of business sustainability

In: The Elgar Companion to Energy and Sustainability

Author

Listed:
  • Nikolas C. Kakogiannis

Abstract

This chapter explores the multifaceted barriers hindering accurate sustainability measurement, encompassing the selection of relevant metrics and the lack of consensus on appropriate frameworks. Additionally, it delves into data-related limitations, including issues of availability, collection, data fragmentation, and verification. Moreover, the chapter uncovers the barriers stemming from inadequate stakeholder awareness and understanding, insufficient integration of sustainability into corporate culture, and limited resources and expertise. To surmount these barriers, organizations and the community should implement pragmatic strategies such as the adoption of standardized frameworks, implementation of legislation and financial incentives, while adopting and leveraging innovative technologies (Sustainability Management Platforms and Artificial Intelligence) to enhance environmental, social, and governance (ESG) data management. By overcoming these barriers, organizations can improve their sustainability measurement practices, foster transparency, and drive positive transformations regarding their sustainability performance.

Suggested Citation

  • Nikolas C. Kakogiannis, 2024. "Barriers and limitations to effective measurement of business sustainability," Chapters, in: Catalina Spataru & Xiaojing Lv & Priscila Carvalho & Manta Devi Nowbuth & Nadia Ameli (ed.), The Elgar Companion to Energy and Sustainability, chapter 2, pages 39-56, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:22102_2
    as

    Download full text from publisher

    File URL: https://www.elgaronline.com/doi/10.4337/9781035307494.00009
    Download Restriction: no
    ---><---

    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:elg:eechap:22102_2. 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: Darrel McCalla (email available below). General contact details of provider: http://www.e-elgar.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.