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Comparative Stakeholder Sustainability Dynamics: EU-27 Countries (2015–2024)

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  • Stefan Petrov

    (Faculty of International Economics and Politics, Department of International Economic Relations and Business, University of National and World Economy, 1000 Sofia, Bulgaria)

Abstract

Quantitative sustainability assessments in the EU rarely differentiate between the roles of governments, businesses, and the population, making it difficult to empirically test theories of socio-technical transitions, stakeholder governance, and convergence/club convergence. To address this gap, the study constructs four stakeholder-specific indices: the Government Sustainability Index (GSI), Environmental Sustainability Index (ESI), Population Sustainability Index (PSI), and Business Sustainability Index (BSI) alongside a Composite Sustainability Index (CSI). The indices are built from harmonised Eurostat, European Environment Agency, and SDG Index data using min–max normalisation, covering all 27 EU Member States over the period of 2015–2024 (270 country–year observations). The empirical analysis applies K-means clustering, compound annual growth rates (CAGRs), and correlation analysis, complemented by a robustness module testing alternative weighting schemes, z-score normalisation, and ±10% indicator perturbations. The results identify four relatively stable sustainability tiers with limited inter-tier mobility, an S-curve-type relationship between initial performance levels and subsequent growth, a consistent hierarchy of stakeholder response speeds (ESI > GSI > PSI), and a structural slowdown after 2019. These patterns are robust across alternative specifications and imply that EU sustainability transitions follow multiple, tier-structured trajectories shaped by institutional lock-in rather than converging toward a single equilibrium. The framework offers a basis for tier-differentiated and stakeholder-sensitive policy strategies.

Suggested Citation

  • Stefan Petrov, 2026. "Comparative Stakeholder Sustainability Dynamics: EU-27 Countries (2015–2024)," Sustainability, MDPI, vol. 18(10), pages 1-33, May.
  • Handle: RePEc:gam:jsusta:v:18:y:2026:i:10:p:5060-:d:1945366
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