A performance framework for corporate sustainability

Sitalakshmi Venkatraman, Raveendranath Ravi Nayak

Research output: Contribution to journalArticle

9 Citations (Scopus)

Abstract

Recent studies conducted worldwide on corporate sustainability indicate gaps in sustainability practice. Many organisations deal with their economic, social and environmental issues individually and have not explored their inter-connections. They are now required to rethink their business strategies for improving their contribution to both shareholders and society as a whole. This paper is a step further to address these gaps in sustainability practice. Through an empirical study conducted in 85 different Australia-based firms, we unearth the inter-relationships among environmental, social and economic considerations simultaneously and propose a performance framework for implementing corporate sustainability. The framework consciously interconnects the triple bottom line measures using our 'Triple-I' principles of innovation, integration and interdependence that we propose within the managerial thinking. We describe the implementation of this framework in the form of a step-wise roadmap, using the Plan-Do-Check-Act quality cycle. We believe that such a practical guideline would pave way for continuous improvements in corporate sustainability performances.

Original languageEnglish
Pages (from-to)475-490
Number of pages16
JournalInternational Journal of Business Innovation and Research
Volume4
Issue number5
DOIs
Publication statusPublished - 01-08-2010

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Sustainable development
Economics
Shareholders
Innovation
Corporate sustainability
Sustainability
Industry
Interconnection
Triple bottom line
Interrelationship
Business strategy
Empirical study
Continuous improvement
Environmental issues
Interdependence
Social issues
Roadmap

All Science Journal Classification (ASJC) codes

  • Business and International Management
  • Management of Technology and Innovation

Cite this

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A performance framework for corporate sustainability. / Venkatraman, Sitalakshmi; Nayak, Raveendranath Ravi.

In: International Journal of Business Innovation and Research, Vol. 4, No. 5, 01.08.2010, p. 475-490.

Research output: Contribution to journalArticle

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