IDEAS home Printed from https://ideas.repec.org/a/ovi/oviste/vxxiy2021i1p328-335.html
   My bibliography  Save this article

Assessment of Innovative Sustainable Businesses in Europe. A Case Study in the field of Renewable Energy

Author

Listed:
  • Ancuta Lucaci

    („Stefan cel Mare†University of Suceava)

  • Carmen Nastase

    („Stefan cel Mare†University of Suceava)

  • Gabriela Prelipcean

    („Stefan cel Mare†University of Suceava)

Abstract

Sustainability and innovation are both significant for the development of the business environment. Moreover, sustainable innovation creates a new generation of businesses worldwide that provide products and services characterized by resource efficiency. This paper aims to emphasize an assessment of innovative sustainable businesses in Europe. The identification and analysis of businesses that focus on sustainability and innovation are currently necessary since the future of all economies depend on how companies are using the existing resources. Innovative sustainable businesses provide new competitive green solutions that meet human needs. In addition to economic performances, businesses around the world should focus also on social and environmental performances. The methodological approach included a comparative analysis of the Global 100 most sustainable companies and a case study of the most sustainable European business in the world in the field of renewable energy. The index of the Global 100 most sustainable businesses in the world is reported by Corporate Knights, a Canadian research company. The results of the research highlighted that European countries have the most sustainable businesses in the world. The company included in the case study can become best practice for the other European countries that were not included in the Global 100 ranking. Innovative sustainable businesses are the future of Europe because they provide socio-economic and environmentally performances.

Suggested Citation

  • Ancuta Lucaci & Carmen Nastase & Gabriela Prelipcean, 2021. "Assessment of Innovative Sustainable Businesses in Europe. A Case Study in the field of Renewable Energy," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 328-335, August.
    • Handle: RePEc:ovi:oviste:v:xxi:y:2021:i:1:p:328-335
    as

    Download full text from publisher

    File URL: https://stec.univ-ovidius.ro/html/anale/RO/2021/Section%203/22.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Luigi Aldieri & Concetto Paolo Vinci, 2019. "Firm Size and Sustainable Innovation: A Theoretical and Empirical Analysis," Sustainability, MDPI, vol. 11(10), pages 1-9, May.
    2. Joana Costa & João C.O. Matias, 2020. "Open Innovation 4.0 as an Enhancer of Sustainable Innovation Ecosystems," Sustainability, MDPI, vol. 12(19), pages 1-19, October.
    3. Lucia Zekra, 2020. "COVID-19 Pandemic and Global Economic Impact," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 237-244, August.
    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. Chandra S. R. Nuthalapati & Chaitanya Nuthalapati, 2021. "Has Open Innovation Taken Root in India? Evidence from Startups Working in Food Value Chains," Circular Economy and Sustainability,, Springer.
    2. Joana Costa & Inês Amorim & João Reis & Nuno Melão, 2023. "User communities: from nice-to-have to must-have," Journal of Innovation and Entrepreneurship, Springer, vol. 12(1), pages 1-35, December.
    3. Kadia Georges Aka & François Labelle, 2021. "The Collaborative Process of Sustainable Innovations under the Lens of Actor–Network Theory," Sustainability, MDPI, vol. 13(19), pages 1-32, September.
    4. Shuiyun Liu & Peter C. van der Sijde, 2021. "Towards the Entrepreneurial University 2.0: Reaffirming the Responsibility of Universities in the Era of Accountability," Sustainability, MDPI, vol. 13(6), pages 1-14, March.
    5. Chuanlin Wang & Guowan Yan & Juan Ou, 2023. "Does Digitization Promote Green Innovation? Evidence from China," IJERPH, MDPI, vol. 20(5), pages 1-27, February.
    6. Fabricia S. Rosa & Lorenzo Compagnucci & Rogerio J. Lunkes & Januário J. Monteiro, 2023. "Green innovation ecosystem and water performance in the food service industry: The effects of environmental management controls and digitalization," Business Strategy and the Environment, Wiley Blackwell, vol. 32(8), pages 5459-5476, December.
    7. Shuochen Wei & Lifang Wang & Wenbo Jiang & Liwei Feng & Taiwen Feng, 2023. "How eco‐control systems enhance carbon performance via low‐carbon supply chain collaboration? The moderating role of organizational unlearning," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(5), pages 2536-2554, September.
    8. Okpalaoka, Chijindu Iheanacho, 2023. "Research on the digital economy: Developing trends and future directions," Technological Forecasting and Social Change, Elsevier, vol. 193(C).
    9. Jose Alejandro Cano & Abraham Londoño-Pineda & Maria Fanny Castro & Hugo Bécquer Paz & Carolina Rodas & Tatiana Arias, 2022. "A Bibliometric Analysis and Systematic Review on E-Marketplaces, Open Innovation, and Sustainability," Sustainability, MDPI, vol. 14(9), pages 1-42, May.
    10. Qiufang Shi & Xiaoyong Yan & Bin Jia & Ziyou Gao, 2020. "Freight Data-Driven Research on Evaluation Indexes for Urban Agglomeration Development Degree," Sustainability, MDPI, vol. 12(11), pages 1-16, June.
    11. Stella Lippolis & Angelo Ruggieri & Rossella Leopizzi, 2023. "Open Innovation for sustainable transition: The case of Enel “Open Power”," Business Strategy and the Environment, Wiley Blackwell, vol. 32(7), pages 4202-4216, November.
    12. Augustina Asih Rumanti & Afrin Fauzya Rizana & Lutfia Septiningrum & Rocky Reynaldo & Mohammad Mi’radj Isnaini, 2022. "Innovation Capability and Open Innovation for Small and Medium Enterprises (SMEs) Performance: Response in Dealing with the COVID-19 Pandemic," Sustainability, MDPI, vol. 14(10), pages 1-21, May.
    13. Elias G. Carayannis & Joanna Morawska-Jancelewicz, 2022. "The Futures of Europe: Society 5.0 and Industry 5.0 as Driving Forces of Future Universities," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(4), pages 3445-3471, December.
    14. Qincheng Zhang & Mingzeng Yang & Shanshan Lv, 2022. "Corporate Digital Transformation and Green Innovation: A Quasi-Natural Experiment from Integration of Informatization and Industrialization in China," IJERPH, MDPI, vol. 19(20), pages 1-21, October.
    15. Larissa Oliveira‐Duarte & Diane Aparecida Reis & Andre Leme Fleury & Rosana Aparecida Vasques & Homero Fonseca Filho & Mikko Koria & Julia Baruque‐Ramos, 2021. "Innovation Ecosystem framework directed to Sustainable Development Goal #17 partnerships implementation," Sustainable Development, John Wiley & Sons, Ltd., vol. 29(5), pages 1018-1036, September.
    16. Jianfeng Zhao & Jiguang Wang, 2020. "Regional Differences and Firms’ Innovation Self-Choice Behavior: Insights from China," Sustainability, MDPI, vol. 12(9), pages 1-12, May.
    17. Sanjay Chaudhary & Puneet Kaur & Hind Alofaysan & Jantje Halberstadt & Amandeep Dhir, 2023. "Connecting the dots? Entrepreneurial ecosystems and sustainable entrepreneurship as pathways to sustainability," Business Strategy and the Environment, Wiley Blackwell, vol. 32(8), pages 5935-5951, December.
    18. Nicola Bellantuono & Pierpaolo Pontrandolfo & Barbara Scozzi, 2021. "Measuring the Openness of Innovation," Sustainability, MDPI, vol. 13(4), pages 1-18, February.
    19. Joana Costa & João C.O. Matias, 2020. "Open Innovation 4.0 as an Enhancer of Sustainable Innovation Ecosystems," Sustainability, MDPI, vol. 12(19), pages 1-19, October.
    20. Shanlang Lin & Prithvi Raj Dhakal & Zhaowei Wu, 2021. "The Impact of High-Speed Railway on China’s Regional Economic Growth Based on the Perspective of Regional Heterogeneity of Quality of Place," Sustainability, MDPI, vol. 13(9), pages 1-24, April.

    More about this item

    Keywords

    sustainable innovation; businesses; case study; renewable energy;
    All these keywords.

    JEL classification:

    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O50 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - General
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development

    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:ovi:oviste:v:xxi:y:2021:i:1:p:328-335. 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: Gheorghiu Gabriela (email available below). General contact details of provider: https://edirc.repec.org/data/feoviro.html .

    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.