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Covid-19 Pandemic – A New Aspect of Social Sustainability

Author

Listed:
  • Maria-Alina Caratas

    (The Bucharest University of Economic Studies)

  • Elena-Cerasela Spătariu

    (“Ovidius†University of Constanta)

  • Gabriela Gheorghiu

    (“Ovidius†University of Constanta)

Abstract

Since the financial crisis recovery scholarly approaches on sustainability have intensified. Organizations feel pressure from various sources to adopt practices of social sustainability. Stakeholders are interested in not only the performance of companies but also in processes and structures that are implemented to back up the performance. Covid-19 became a great global concern impacting environmental and social sustainability together with life quality. In this context, the aim of present research is to understand the impact of the pandemic on social responsibility. The methods used are the review of published literature and policy work and qualitative analysis of annual reports and sustainability reports of the biggest company in energy from Eastern Europe - OMV Petrom, two listed Romanian banks – Banca Transilvania and BRD GSG and one international listed Bank Erste Group Bank. The conclusions of the study can serve professionals and stakeholders who lead social sustainability research in this field and open the path for more extensive research in the future.

Suggested Citation

  • Maria-Alina Caratas & Elena-Cerasela Spătariu & Gabriela Gheorghiu, 2021. "Covid-19 Pandemic – A New Aspect of Social Sustainability," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 478-484, August.
    • Handle: RePEc:ovi:oviste:v:xxi:y:2021:i:1:p:478-484
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    More about this item

    Keywords

    Corporate Governance; COVID-19; Social Sustainability; CSR (Corporate Social Responsibility); ESG (Environmental; Social and Corporate Governance);
    All these keywords.

    JEL classification:

    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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