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Integrating environmental and stakeholder management

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  • Henning Madsen
  • John P. Ulhøi

Abstract

Regulation has been an important instrument in pushing the business community towards improved environmental performance. However, there has also been increasing pressure from a growing number of stakeholders, including employees, customers, neighbours, NGOs etc. In order to improve corporate relationships with various stakeholders, companies need to be able to identify these stakeholders and assess their influence. The first part of this paper will discuss the relevant theory and introduce a model to analyse and identify the most significant stakeholder groups and their influence on corporate behaviour. Based on a recent survey of Danish companies, the second part of the paper will report on the success of a variety of stakeholders in forcing companies to introduce environment‐related initiatives. The results will then be discussed in light of the theory and other reported results. The paper closes with a discussion of research implications. Copyright © 2001 John Wiley & Sons, Ltd and ERP Environment

Suggested Citation

  • Henning Madsen & John P. Ulhøi, 2001. "Integrating environmental and stakeholder management," Business Strategy and the Environment, Wiley Blackwell, vol. 10(2), pages 77-88, March.
    • Handle: RePEc:bla:bstrat:v:10:y:2001:i:2:p:77-88
    DOI: 10.1002/bse.279
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    References listed on IDEAS

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    1. Henning Madsen & Knud Sinding & John P. Ulhøi, 1997. "Sustainability and corporate environmental focus: an analysis of Danish small and medium sized companies," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 18(6), pages 443-453.
    2. Stephen Fineman & Ken Clarke, 1996. "Green Stakeholders: Industry Interpretations And Response," Journal of Management Studies, Wiley Blackwell, vol. 33(6), pages 715-730, November.
    3. anonymous, 1996. "New account structure supports interstate branching," Financial Update, Federal Reserve Bank of Atlanta, vol. 9(Apr), pages 1-6.
    4. Charles W. L. Hill & Thomas M. Jones, 1992. "Stakeholder‐Agency Theory," Journal of Management Studies, Wiley Blackwell, vol. 29(2), pages 131-154, March.
    5. Anne Grafé‐Buckens & Anna‐Fay Hinton, 1998. "Engaging the stakeholders: corporate views and current trends," Business Strategy and the Environment, Wiley Blackwell, vol. 7(3), pages 124-133, July.
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