Literature Analysis Trends and Challenges in Corporate Sustainability Management
DOI:
https://doi.org/10.66084/ebmj.v1i03.380Keywords:
Corporate sustainability, sustainability management, environmental sustainability, social sustainabilityAbstract
Corporate sustainability management has become a critical issue in the modern business environment, driven by increasing global awareness of the environmental, social, and economic impacts of business activities. This study explores the trends and challenges faced by companies in implementing sustainability policies and the role of technology in supporting these efforts. Using a literature review methodology, the study analyzes various sources published from 2020 to 2023, focusing on the integration of sustainability principles in business strategies. The results show that companies are increasingly adopting sustainable practices in the environmental, social, and economic dimensions, with a particular emphasis on social sustainability and the use of digital technologies such as the Internet of Things (IoT) and big data. However, challenges such as the alignment of economic and sustainability goals, lack of data and measurement tools, and the need for supportive government policies remain significant barriers. The study concludes by offering recommendations for companies to adopt a holistic approach, invest in technology, improve data measurement, and foster collaboration with stakeholders to enhance the effectiveness of sustainability efforts.
References
Elkington, J. (2020). Cannibals with Forks: The Triple Bottom Line of 21st Century Business. Capstone.
Ehnert, I., Harry, W., & Ziegler, A. (2021). Sustainability and Human Resource Management: Developments and Directions. Springer.
Martínez-Conesa, I., Palacios-Manzano, M., & Molina-Azorín, J. F. (2020). The Role of Sustainability in the Development of Business Models. Journal of Cleaner Production, 276, 123287.
Luken, R., & Stary, C. (2021). Corporate Sustainability Strategies: Challenges and New Directions. Wiley.
Perrini, F., Tencati, A., & Vurro, C. (2022). Social Sustainability in Business: An Overview of Corporate Strategies. Journal of Business Ethics, 179(1), 37-53.
Cheng, H., Li, H., & Wong, Y. S. (2023). Big Data and IoT for Sustainability Management in Business. Technological Forecasting and Social Change, 182, 121663.
Azizi, S., & Ranjbari, M. (2020). Business Sustainability: The Role of Corporate Governance. Environmental Science and Pollution Research, 27(1), 12-26.
Gómez-Moreno, S., & López-Pérez, M. E. (2020). Sustainability Integration into Corporate Strategy: A Review of Practices and Tools. Business Strategy and the Environment, 29(7), 3289-3300.
