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The Concern of Energy Companies in Obtaining and Maintaining their Sustainable Value

In: World Lumen Congress 2021

Author

Listed:
  • Camelia Cătălina Mihalciuc

    (Faculty of Economics and Public Administration,“Stefan cel Mare“ University of Suceava)

  • Maria Grosu

    (Faculty of Economics and Business Administration, „Alexandru Ioan Cuza“ University of Iasi)

Abstract

The last years are distinguished by increasing the awareness of companies towards sustainable business, going beyond their traditional role of providing goods and services at competitive prices to meet customer requirements. Thus, companies will have to consider the effects of their best practices on the environment and society, in order to contribute to the progress of society and the protection of the environment, the essence of sustainable development being the coexistence of economic and social relations and environmental protection by implementing economic, social and environmental objectives. We can see that every company that seeks to become sustainable must consider approaches based on sustainable business practices geared to meeting customer needs. For companies listed on the stock market, the index that stands next to each company is the one that shows the level of sustainability, through corporate sustainability, long-term value is created for shareholders, taking into account all social factors, those related to the environment, as well as economic ones. All these considerations have led to the establishment of the general objective of the paper, through which the authors aim to explain and present the importance of sustainability/sustainable development in energy companies in conjunction with the UN guidelines on business and human rights, which will address with priority to the Sustainable Development Goals (SDGs) for 2030.

Suggested Citation

  • Camelia Cătălina Mihalciuc & Maria Grosu, 2022. "The Concern of Energy Companies in Obtaining and Maintaining their Sustainable Value," Book chapters-LUMEN Proceedings, in: Antonio Sandu (ed.), World Lumen Congress 2021, edition 1, volume 17, chapter 45, pages 447-464, Editura Lumen.
  • Handle: RePEc:lum:prchap:17-45
    DOI: https://doi.org/10.18662/wlc2021/45
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    More about this item

    Keywords

    Sustainable development; sustainable business practices; corporate sustainability; principles of sustainability; listed companies; responsible company; Sustainable Development Goals (SDGs);
    All these keywords.

    JEL classification:

    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
    • Q0 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General
    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation

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