IDEAS home Printed from https://ideas.repec.org/a/bla/bstrat/v11y2002i5p269-284.html

The Sustainability Balanced Scorecard – linking sustainability management to business strategy

Author

Listed:
  • Frank Figge
  • Tobias Hahn
  • Stefan Schaltegger
  • Marcus Wagner

Abstract

The Balanced Scorecard of Kaplan and Norton is a management tool that supports the successful implementation of corporate strategies. It has been discussed and considered widely in both practice and research. By linking operational and non‐financial corporate activities with causal chains to the firm's long‐term strategy, the Balanced Scorecard supports the alignment and management of all corporate activities according to their strategic relevance. The Balanced Scorecard makes it possible to take into account non‐monetary strategic success factors that significantly impact the economic success of a business. The Balanced Scorecard is thus a promising starting‐point to also incorporate environmental and social aspects into the main management system of a firm. Sustainability management with the Balanced Scorecard helps to overcome the shortcomings of conventional approaches to environmental and social management systems by integrating the three pillars of sustainability into a single and overarching strategic management tool. After a brief discussion of the different possible forms of a Sustainability Balanced Scorecard the article takes a closer look at the process and steps of formulating a Sustainability Balanced Scorecard for a business unit. Before doing so, the basic conventional approach of the Balanced Scorecard and its suitability for sustainability management will be outlined in brief. Copyright © 2002 John Wiley & Sons, Ltd and ERP Environment.

Suggested Citation

  • Frank Figge & Tobias Hahn & Stefan Schaltegger & Marcus Wagner, 2002. "The Sustainability Balanced Scorecard – linking sustainability management to business strategy," Business Strategy and the Environment, Wiley Blackwell, vol. 11(5), pages 269-284, September.
    • Handle: RePEc:bla:bstrat:v:11:y:2002:i:5:p:269-284
    DOI: 10.1002/bse.339
    as

    Download full text from publisher

    File URL: https://doi.org/10.1002/bse.339
    Download Restriction: no
    File URL: https://libkey.io/10.1002/bse.339?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Giles Atkinson, 2000. "Measuring Corporate Sustainability," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 43(2), pages 235-252.
    2. Huizing, Ard & Dekker, H. Carel, 1992. "Helping to pull our planet out of the red: An environmental report of BSO/Origin," Accounting, Organizations and Society, Elsevier, vol. 17(5), pages 449-458, July.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Figge, Frank & Hahn, Tobias & Barkemeyer, Ralf, 2014. "The If, How and Where of assessing sustainable resource use," Ecological Economics, Elsevier, vol. 105(C), pages 274-283.
    2. Tobias Hahn & Mandy Scheermesser, 2006. "Approaches to corporate sustainability among German companies," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 13(3), pages 150-165, July.
    3. Tobias Hahn & Frank Figge & Jonatan Pinkse & Lutz Preuss, 2010. "Trade‐offs in corporate sustainability: you can't have your cake and eat it," Business Strategy and the Environment, Wiley Blackwell, vol. 19(4), pages 217-229, May.
    4. Figge, Frank & Hahn, Tobias, 2004. "Sustainable Value Added--measuring corporate contributions to sustainability beyond eco-efficiency," Ecological Economics, Elsevier, vol. 48(2), pages 173-187, February.
    5. Tobias Hahn & Frank Figge, 2011. "Beyond the Bounded Instrumentality in Current Corporate Sustainability Research: Toward an Inclusive Notion of Profitability," Journal of Business Ethics, Springer, vol. 104(3), pages 325-345, December.
    6. Jordaan, D. & Kirsten, J., 2018. "Measuring the Fragility of Agribusiness Chains: A Case Study of the South African Lamb Chain," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 277501, International Association of Agricultural Economists.
    7. Stefan Gröschl & Patricia Gabaldón & Tobias Hahn, 2019. "The Co-evolution of Leaders’ Cognitive Complexity and Corporate Sustainability: The Case of the CEO of Puma," Journal of Business Ethics, Springer, vol. 155(3), pages 741-762, March.
    8. Hediger, Werner, 2010. "Welfare and capital-theoretic foundations of corporate social responsibility and corporate sustainability," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 39(4), pages 518-526, August.
    9. Andrea Lučić, 2020. "Measuring Sustainable Marketing Orientation—Scale Development Process," Sustainability, MDPI, vol. 12(5), pages 1-22, February.
    10. Lina Saleh & Samer Semaan, 2024. "The Potential of AI in Performing Financial Sentiment Analysis for Predicting Entrepreneur Survival," Administrative Sciences, MDPI, vol. 14(9), pages 1-12, September.
    11. Benedict Sheehy & Federica Farneti, 2021. "Corporate Social Responsibility, Sustainability, Sustainable Development and Corporate Sustainability: What Is the Difference, and Does It Matter?," Sustainability, MDPI, vol. 13(11), pages 1-17, May.
    12. Rodrigo Lozano & Robin von Haartman, 2018. "Reinforcing the Holistic Perspective of Sustainability: Analysis of the Importance of Sustainability Drivers in Organizations," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 25(4), pages 508-522, July.
    13. Anita Boros & Csaba Fogarassy, 2019. "Relationship between Corporate Sustainability and Compliance with State-Owned Enterprises in Central-Europe: A Case Study from Hungary," Sustainability, MDPI, vol. 11(20), pages 1-23, October.
    14. Jay Whitehead, 2017. "Prioritizing Sustainability Indicators: Using Materiality Analysis to Guide Sustainability Assessment and Strategy," Business Strategy and the Environment, Wiley Blackwell, vol. 26(3), pages 399-412, March.
    15. Wesley Ingwersen & Heriberto Cabezas & Anne V. Weisbrod & Tarsha Eason & Bayou Demeke & Xin Ma & Troy R. Hawkins & Seung-Jin Lee & Jane C. Bare & Manuel Ceja, 2014. "Integrated Metrics for Improving the Life Cycle Approach to Assessing Product System Sustainability," Sustainability, MDPI, vol. 6(3), pages 1-28, March.
    16. Li Li & Jong-Yoon Li, 2024. "Corporate Social Responsibility and Society 5.0: Assessing Consumer Awareness, Loyalty, and Trust toward Socially Responsible Organizations," Sustainability, MDPI, vol. 16(17), pages 1-17, September.
    17. Jill F. Solomon & Aris Solomon & Simon D. Norton & Nathan L. Joseph, 2011. "Private climate change reporting: an emerging discourse of risk and opportunity?," Accounting, Auditing & Accountability Journal, Emerald Group Publishing Limited, vol. 24(8), pages 1119-1148, October.
    18. Parrish, Bradley D., 2010. "Sustainability-driven entrepreneurship: Principles of organization design," Journal of Business Venturing, Elsevier, vol. 25(5), pages 510-523, September.
    19. Susana Garrido Azevedo & Radu Godina & João Carlos de Oliveira Matias, 2017. "Proposal of a Sustainable Circular Index for Manufacturing Companies," Resources, MDPI, vol. 6(4), pages 1-24, November.
    20. Rodrigo Lozano, 2020. "Analysing the use of tools, initiatives, and approaches to promote sustainability in corporations," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(2), pages 982-998, March.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:bstrat:v:11:y:2002:i:5:p:269-284. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://onlinelibrary.wiley.com/journal/10.1002/(ISSN)1099-0836 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.