IDEAS home Printed from https://ideas.repec.org/a/gam/jbusin/v5y2025i3p37-d1733566.html

Strategic Adoption of Voluntary Sustainability Standards: Business Implications of ANSI/NSI 373 in the Dimension Stone Industry

Author

Listed:
  • Erin M. Ashbee

    (Environmental Applied Science and Management, Toronto Metropolitan University, Toronto, ON M5B 2K3, Canada)

  • Michal J. Bardecki

    (Department of Geography and Environmental Studies, Environmental Applied Science and Management, Toronto Metropolitan University, Toronto, ON M5B 2K3, Canada)

Abstract

Based on semi-structured interviews with individuals with direct involvement in the certification process, this study examines the ANSI/NSI 373: Sustainable Production of Natural Dimension Stone standard from a business perspective, analyzing its adoption within the North American dimension stone industry and comparing it to voluntary sustainability initiatives (VSIs) in the forest sector. Key factors driving adoption include environmental and social responsibility, competitive positioning, and market differentiation. The findings reveal both the opportunities and the barriers that businesses face in integrating sustainability standards, including certification credibility, operational challenges, and varying levels of industry acceptance. While ANSI/NSI 373 offers potential value in branding and environmental responsibility, inconsistent firm responses and rigorous certification demands pose challenges to widespread implementation. This research underscores the need for strategic collaboration among industry stakeholders to enhance adoption, improve market positioning, and leverage sustainability as a business advantage.

Suggested Citation

  • Erin M. Ashbee & Michal J. Bardecki, 2025. "Strategic Adoption of Voluntary Sustainability Standards: Business Implications of ANSI/NSI 373 in the Dimension Stone Industry," Businesses, MDPI, vol. 5(3), pages 1-21, August.
  • Handle: RePEc:gam:jbusin:v:5:y:2025:i:3:p:37-:d:1733566
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2673-7116/5/3/37/pdf
    Download Restriction: no

    File URL: https://www.mdpi.com/2673-7116/5/3/37/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Careddu, Nicola, 2019. "Dimension stones in the circular economy world," Resources Policy, Elsevier, vol. 60(C), pages 243-245.
    2. Xin Pan & Paresha Sinha & Xuanjin Chen, 2021. "Corporate social responsibility and eco‐innovation: The triple bottom line perspective," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 28(1), pages 214-228, January.
    3. Rezaee, Zabihollah, 2016. "Business sustainability research: A theoretical and integrated perspective," Journal of Accounting Literature, Elsevier, vol. 36(C), pages 48-64.
    4. Karnatz, Caroline & Kadam, Parag & Pfeuffer, Alexander & Dwivedi, Puneet, 2021. "The portrayal of forest certification in national and state newspapers of the United States," Forest Policy and Economics, Elsevier, vol. 130(C).
    5. Moeltner, Klaus & van Kooten, G. Cornelis, 2003. "Voluntary Environmental Action and Export Destinations: The Case of Forest Certification," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 28(2), pages 1-14.
    6. Phillips, Robert & Freeman, R. Edward & Wicks, Andrew C., 2003. "What Stakeholder Theory is Not," Business Ethics Quarterly, Cambridge University Press, vol. 13(4), pages 479-502, October.
    7. repec:eme:jal000:j.acclit.2016.05.003 is not listed on IDEAS
    8. Zabihollah Rezaee, 2016. "Business sustainability research: A theoretical and integrated perspective," Journal of Accounting Literature, Emerald Group Publishing Limited, vol. 36(1), pages 48-64, June.
    9. Aseem Prakash & Matthew Potoski, 2012. "Voluntary environmental programs: A comparative perspective," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 31(1), pages 123-138, December.
    10. Aguilar, Francisco X. & Vlosky, Richard P., 2007. "Consumer willingness to pay price premiums for environmentally certified wood products in the U.S," Forest Policy and Economics, Elsevier, vol. 9(8), pages 1100-1112, May.
    11. Pratima Bansal, 2005. "Evolving sustainably: a longitudinal study of corporate sustainable development," Strategic Management Journal, Wiley Blackwell, vol. 26(3), pages 197-218, March.
    12. Craig R. Carter & Dale S. Rogers & Thomas Y. Choi, 2015. "Toward the Theory of the Supply Chain," Journal of Supply Chain Management, Institute for Supply Management, vol. 51(2), pages 89-97, April.
    13. Olivier Boiral & Iñaki Heras-Saizarbitoria, 2017. "Managing Biodiversity Through Stakeholder Involvement: Why, Who, and for What Initiatives?," Journal of Business Ethics, Springer, vol. 140(3), pages 403-421, February.
    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. Tóth-Pajor, Ákos & Csapi, Vivien & Putzer, Petra, 2025. "ESG-tudatosságtól az alkalmazásig. A fenntarthatósági átmenet kihívásai a kkv-k gyakorlatában [From ESG awareness to usage. Challenges posed by the sustainability transition for SMEs]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(9), pages 875-899.
    2. Adewole Olukorede, 2025. "Stakeholder engagement and participation in environmental contexts, social responsibility and society based on a study conducted in Rome, Italy," International Journal of Corporate Social Responsibility, Springer, vol. 10(1), pages 1-45, December.
    3. Janßen, Niklas, 2025. "Integrating sustainability in risk management and internal control systems: An empirical assessment of ESG reporting of German DAX40 firms," Junior Management Science (JUMS), Junior Management Science e. V., vol. 10(4), pages 858-875.
    4. Bin Wang & Chenchen Wei & Longmei Shi & Xiaoqiang Cheng & Xueqin Shi, 2025. "ESG and firm operational efficiency: evidence from Chinese listed companies," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 27(1), pages 681-714, January.
    5. Hadiqa Ahmad & Muhammad Yaqub & Seung Hwan Lee, 2024. "Environmental-, social-, and governance-related factors for business investment and sustainability: a scientometric review of global trends," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(2), pages 2965-2987, February.
    6. Francesco Perrini & Angeloantonio Russo & Antonio Tencati & Clodia Vurro, 2011. "Deconstructing the Relationship Between Corporate Social and Financial Performance," Journal of Business Ethics, Springer, vol. 102(1), pages 59-76, March.
    7. Lutfa Tilat Ferdous & Tarek Rana & Richard Yeboah, 2025. "Decoding the impact of firm‐level ESG performance on financial disclosure quality," Business Strategy and the Environment, Wiley Blackwell, vol. 34(1), pages 162-186, January.
    8. Le Thuy Duong Ha & Mansi Mansi, 2023. "Accounting for waste: Waste reporting in Australian metals and mining companies," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 63(4), pages 4683-4711, December.
    9. Samuel Karanja Kogi & June Cao, 2026. "ESG Assurance and Dividends: Evidence From 18 Countries in Africa," Business Strategy and the Environment, Wiley Blackwell, vol. 35(5), pages 6745-6768, July.
    10. Corentin Juin & Valentine Georget & Thierry Rayna, 2025. "Business Model Innovation: a Framework for Assessing Corporate Engagement with Sustainability," Post-Print hal-05373151, HAL.
    11. Ivan Pribićević & Boris Delibašić, 2021. "Critical sustainability indicators identification and cause–effect relationships analysis for sustainable organization strategy based on fuzzy DEMATEL," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 23(12), pages 17263-17304, December.
    12. Mongkhol Moolkham, 2025. "SET ESG ratings and firm value: The new sustainability performance assessment tool in Thailand," PLOS ONE, Public Library of Science, vol. 20(2), pages 1-23, February.
    13. Gianluca Gabrielli & Pier Luigi Marchini & Dalila Baldini, 2026. "Do Sustainable Development Goal Disclosure Matter? Unpacking Value Relevance in the European Context," Business Strategy and the Environment, Wiley Blackwell, vol. 35(2), pages 1610-1626, February.
    14. Corentin Juin & Valentine Georget & Thierry Rayna, 2025. "Business Model Innovation: a Framework for Assessing Corporate Engagement with Sustainability," Circular Economy and Sustainability, Springer, vol. 5(7), pages 6411-6433, December.
    15. Picheng Lee & Gary Kleinman & Asokan Anandarajan, 2025. "The effect of tournament incentives on environmental, social, and governance (ESG) performance," International Journal of Disclosure and Governance, Palgrave Macmillan, vol. 22(2), pages 397-408, June.
    16. Renuka Kumawat & Nikunj Patel, 2022. "Are ESG Disclosures Value Relevant? A Panel-Corrected Standard Error (PCSE) Approach," Global Business Review, International Management Institute, vol. 23(6), pages 1558-1573, December.
    17. Martínez-Ferrero, Jennifer & Prado-Lorenzo, José Manuel & Fernández-Fernández, José Miguel, 2013. "Responsabilidad social corporativa vs. responsabilidad contable," Revista de Contabilidad - Spanish Accounting Review, Elsevier, vol. 16(1), pages 32-45.
    18. Meiryani Meiryani & Shi-Ming Huang & Dezie Leonarda Warganegara & Moch Doddy Ariefianto & Vaeren Teresa & Helda Oktavianie, 2023. "The Effect of Industrial Type, Environmental Performance and Leverage on Carbon Emission Disclosure: Evidence from Indonesian LQ45 Companies," International Journal of Energy Economics and Policy, Econjournals, vol. 13(4), pages 622-633, July.
    19. Lorenz Fenk, 2025. "Environmental photograph use in corporate sustainability reporting: A machine‐supported visual content analysis," Business Strategy and the Environment, Wiley Blackwell, vol. 34(1), pages 1097-1112, January.
    20. Pantri Heriyati & Neeraj Yadav & Dewi Tamara, 2024. "Accomplishing sustainable development goals through international management system standards and multinational supply chains," Business Strategy and the Environment, Wiley Blackwell, vol. 33(6), pages 5214-5231, September.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;
    ;

    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:gam:jbusin:v:5:y:2025:i:3:p:37-:d:1733566. 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: MDPI Indexing Manager The email address of this maintainer does not seem to be valid anymore. Please ask MDPI Indexing Manager to update the entry or send us the correct address (email available below). General contact details of provider: https://www.mdpi.com .

    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.