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An Assessment Tool to Integrate Sustainability Principles into the Global Supply Chain

Author

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  • María Jesús Muñoz-Torres

    (Department of Finance and Accounting, Universitat Jaume I, Campus del Riu Sec—Avda. Vicent Sos Baynat s/n, 12071 Castellón de la Plana, Spain)

  • María Ángeles Fernández-Izquierdo

    (Department of Finance and Accounting, Universitat Jaume I, Campus del Riu Sec—Avda. Vicent Sos Baynat s/n, 12071 Castellón de la Plana, Spain)

  • Juana M. Rivera-Lirio

    (Department of Finance and Accounting, Universitat Jaume I, Campus del Riu Sec—Avda. Vicent Sos Baynat s/n, 12071 Castellón de la Plana, Spain)

  • Idoya Ferrero-Ferrero

    (Department of Finance and Accounting, Universitat Jaume I, Campus del Riu Sec—Avda. Vicent Sos Baynat s/n, 12071 Castellón de la Plana, Spain)

  • Elena Escrig-Olmedo

    (Department of Finance and Accounting, Universitat Jaume I, Campus del Riu Sec—Avda. Vicent Sos Baynat s/n, 12071 Castellón de la Plana, Spain)

  • José Vicente Gisbert-Navarro

    (Department of Finance and Accounting, Universitat Jaume I, Campus del Riu Sec—Avda. Vicent Sos Baynat s/n, 12071 Castellón de la Plana, Spain)

  • María Chiara Marullo

    (Department of Finance and Accounting, Universitat Jaume I, Campus del Riu Sec—Avda. Vicent Sos Baynat s/n, 12071 Castellón de la Plana, Spain)

Abstract

The integration of sustainability principles into the assessment of companies along the supply chains is a growing research area. However, there is an absence of a generally accepted method to evaluate corporate sustainability performance (CSP), and the models and frameworks proposed by the literature present various important challenges to be addressed. A systematic literature review on the supply chain at the corporate level has been conducted, analyzing the main strengths and gaps in the sustainability assessment literature. Therefore, this paper aims to contribute to the development of this field by proposing an assessment framework a leading company can adopt to expand sustainability principles to the rest of the members of the supply chain. This proposal is based on best practices and integrates and shares efforts with key initiatives (for instance, the Organizational Environmental Footprint from the European Commission and United Nations Environment Programme and the Society of Environmental Toxicology and Chemistry UNEP/SETAC); moreover, it overcomes important limitations of the current sustainability tools in a supply chain context consistent with the circular economy, the Sustainable Development Goals (SDGs), planetary boundaries, and social foundation requirements. The results obtained create, on the one hand, new opportunities for academics; and, on the other hand, in further research, the use of this framework could be a means of actively engaging companies in their supply chains and of achieving the implementation of practical and comprehensive CSP assessment.

Suggested Citation

  • María Jesús Muñoz-Torres & María Ángeles Fernández-Izquierdo & Juana M. Rivera-Lirio & Idoya Ferrero-Ferrero & Elena Escrig-Olmedo & José Vicente Gisbert-Navarro & María Chiara Marullo, 2018. "An Assessment Tool to Integrate Sustainability Principles into the Global Supply Chain," Sustainability, MDPI, vol. 10(2), pages 1-20, February.
  • Handle: RePEc:gam:jsusta:v:10:y:2018:i:2:p:535-:d:132248
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    4. María Jesús Muñoz-Torres & María Ángeles Fernández-Izquierdo & Juana María Rivera-Lirio & Idoya Ferrero-Ferrero & Elena Escrig-Olmedo, 2021. "Sustainable supply chain management in a global context: a consistency analysis in the textile industry between environmental management practices at company level and sectoral and global environmenta," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 23(3), pages 3883-3916, March.
    5. Kalaivani Jayaraman & Sreenivasan Jayashree & Magiswary Dorasamy, 2023. "The Effects of Green Innovations in Organizations: Influence of Stakeholders," Sustainability, MDPI, vol. 15(2), pages 1-13, January.
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    7. Elena Escrig-Olmedo & María Ángeles Fernández-Izquierdo & Idoya Ferrero-Ferrero & Juana María Rivera-Lirio & María Jesús Muñoz-Torres, 2019. "Rating the Raters: Evaluating how ESG Rating Agencies Integrate Sustainability Principles," Sustainability, MDPI, vol. 11(3), pages 1-16, February.
    8. José Miguel Rodríguez-Antón & Luis Rubio-Andrada & María Soledad Celemín-Pedroche & Soraya María Ruíz-Peñalver, 2022. "From the circular economy to the sustainable development goals in the European Union: an empirical comparison," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 22(1), pages 67-95, March.
    9. John Quinn, 2019. "The Sustainable Corporate Objective: Rethinking Directors’ Duties," Sustainability, MDPI, vol. 11(23), pages 1-12, November.
    10. Cristina Maranesi & Pietro De Giovanni, 2020. "Modern Circular Economy: Corporate Strategy, Supply Chain, and Industrial Symbiosis," Sustainability, MDPI, vol. 12(22), pages 1-25, November.
    11. Michele M. O. Pereira & Minelle E. Silva & Linda C. Hendry, 2023. "Developing global supplier competences for supply chain sustainability: The effects of institutional pressures on certification adoption," Business Strategy and the Environment, Wiley Blackwell, vol. 32(7), pages 4244-4265, November.
    12. Thaís Vieira Nunhes & Merce Bernardo & Otávio José de Oliveira, 2020. "Rethinking the Way of Doing Business: A Reframe of Management Structures for Developing Corporate Sustainability," Sustainability, MDPI, vol. 12(3), pages 1-32, February.
    13. Fernando E. Garcia-Muiña & Rocío González-Sánchez & Anna Maria Ferrari & Lucrezia Volpi & Martina Pini & Cristina Siligardi & Davide Settembre-Blundo, 2019. "Identifying the Equilibrium Point between Sustainability Goals and Circular Economy Practices in an Industry 4.0 Manufacturing Context Using Eco-Design," Social Sciences, MDPI, vol. 8(8), pages 1-22, August.
    14. Sara Alonso-Muñoz & Rocío González-Sánchez & Cristina Siligardi & Fernando E. García-Muiña, 2021. "New Circular Networks in Resilient Supply Chains: An External Capital Perspective," Sustainability, MDPI, vol. 13(11), pages 1-18, May.
    15. Shiferaw Feleke & Steven Michael Cole & Haruna Sekabira & Rousseau Djouaka & Victor Manyong, 2021. "Circular Bioeconomy Research for Development in Sub-Saharan Africa: Innovations, Gaps, and Actions," Sustainability, MDPI, vol. 13(4), pages 1-20, February.
    16. Hanna Ahlström, 2019. "Policy Hotspots for Sustainability: Changes in the EU Regulation of Sustainable Business and Finance," Sustainability, MDPI, vol. 11(2), pages 1-22, January.
    17. Michael A. Urban & Dariusz Wójcik, 2019. "Dirty Banking: Probing the Gap in Sustainable Finance," Sustainability, MDPI, vol. 11(6), pages 1-23, March.
    18. Carmen Avilés-Palacios & Ana Rodríguez-Olalla, 2021. "The Sustainability of Waste Management Models in Circular Economies," Sustainability, MDPI, vol. 13(13), pages 1-19, June.
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    20. Johnsson, Filip & Karlsson, Ida & Rootzén, Johan & Ahlbäck, Anders & Gustavsson, Mathias, 2020. "The framing of a sustainable development goals assessment in decarbonizing the construction industry – Avoiding “Greenwashing”," Renewable and Sustainable Energy Reviews, Elsevier, vol. 131(C).
    21. Emilio Abad-Segura & Ana Batlles de la Fuente & Mariana-Daniela González-Zamar & Luis Jesús Belmonte-Ureña, 2020. "Effects of Circular Economy Policies on the Environment and Sustainable Growth: Worldwide Research," Sustainability, MDPI, vol. 12(14), pages 1-27, July.

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