- Title
- A performance framework for corporate sustainability
- Creator
- Venkatraman, Sitalakshmi; Nayak, Ravi
- Date
- 2010
- Type
- Text; Journal article
- Identifier
- http://researchonline.federation.edu.au/vital/access/HandleResolver/1959.17/62907
- Identifier
- vital:3585
- Identifier
-
https://doi.org/10.1504/IJBIR.2010.034382
- Identifier
- ISSN:1751-0252
- 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.
- Publisher
- Inderscience Publishers
- Relation
- International Journal of Business Innovation and Research Vol. 4, no. 5 (2010), p. 475-490
- Rights
- Copyright Inderscience Publishers
- Rights
- This metadata is freely available under a CCO license
- Subject
- 1503 Business and Management; Corporate sustainability; Triple bottom line; Social performance; Environmental performance; Financial performance; Continuous improvement; Total quality management; Performance frameworks; Sustainable development
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