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Spread the word: Certifying sustainable behaviour for territorial development. A stakeholder engagement approach to assess financial performance

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  • Francesco Manta
  • Valeria Stefanelli
  • Vittorio Boscia

Abstract

The aim of the study is to understand the approach to certification from different perspectives, in order to appreciate how the stakeholders, enact processes of creation, implementation and decision‐making processes in establishing criteria for local development. We analysed the extant literature in order to assess the present knowledge and approach on the world of labelling for sustainable development and detect possible paths for future research in the field. A document search was conducted through Scopus and WoS databases. Sustainable certifications do not cover a univocal path of implementation, so it is made necessary to establish a network approach in order to involve all the stakeholders to boost new processes for implementation of bottom‐up strategies for sustainable development. The necessity to start a new approach to local development strategies recalls the opportunity of creating new local networks amongst different stakeholders to talk each other on a univocal perspective that looks with favour to sustainability issues and enhance the link to financial performance. The example of bio‐districts is carried on enforcing the theoretical aspects.

Suggested Citation

  • Francesco Manta & Valeria Stefanelli & Vittorio Boscia, 2023. "Spread the word: Certifying sustainable behaviour for territorial development. A stakeholder engagement approach to assess financial performance," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(3), pages 1096-1103, May.
    • Handle: RePEc:wly:corsem:v:30:y:2023:i:3:p:1096-1103
    DOI: 10.1002/csr.2406
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    References listed on IDEAS

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