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Determination of environmental, social and corporate governance indicators: framework in the measurement of sustainable performance

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  • Alena Kocmanová
  • Iveta Šimberová

Abstract

The article is concerned with determination of environmental, social and corporate governance (ESG) indicators of performance. The objective of carried-out empirical research is to determine ESG indicators as a key framework of the measurement of sustainable performance of a company in its Sustainable Reporting. On the basis of conducted empirical research, applying factor analysis, the environmental, social and corporate governance indicators for companies active in the processing industries CZ-NACE have been specified. The indicators were selected in a series of successive phases by a multi-factor analysis. The results of factor analysis indicated that the factors fall into three measurement categories: environmental ( Investments, Emissions, Source Consumption, Waste ), social ( Society, Human Rights, Labour Practices and Decent Work, Product Responsibility ), and corporate governance ( Monitoring and Reporting, Corporate Governance Effectiveness, Corporate Governance Structure, Compliance ). This article contributes to the effort to solve measurement of performance of the corporate sustainability and proposal to conceptual framework of ESG indicators of performance for the Sustainability Reporting of Czech companies operating in the processing industry.

Suggested Citation

  • Alena Kocmanová & Iveta Šimberová, 2014. "Determination of environmental, social and corporate governance indicators: framework in the measurement of sustainable performance," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 15(5), pages 1017-1033, November.
    • Handle: RePEc:taf:jbemgt:v:15:y:2014:i:5:p:1017-1033
    DOI: 10.3846/16111699.2013.791637
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    Citations

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    Cited by:

    1. Peter Kita & Iveta Šimberová, 2018. "An overview of business models in the Czech chemical industry: a sustainable multiple value creation perspective," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 6(2), pages 662-676, December.
    2. Alena Kocmanová & Marie Pavláková Dočekalová & Tomáš Meluzín & Stanislav Škapa, 2020. "Sustainable Investing Model for Decision Makers (Based On Research of Manufacturing Industry in the Czech Republic)," Sustainability, MDPI, vol. 12(20), pages 1-27, October.
    3. Vinícius P. Rodrigues & Daniela C. A. Pigosso & Jakob W. Andersen & Tim C. McAloone, 2018. "Evaluating the Potential Business Benefits of Ecodesign Implementation: A Logic Model Approach," Sustainability, MDPI, vol. 10(6), pages 1-26, June.
    4. Iveta Šimberová & Peter Kita, 2020. "New Business Models Based on Multiple Value Creation for the Customer: A Case Study in the Chemical Industry," Sustainability, MDPI, vol. 12(9), pages 1-18, May.
    5. Gudrun Erla Jonsdottir & Throstur Olaf Sigurjonsson & Ahmad Rahnema Alavi & Jordan Mitchell, 2021. "Applying Responsible Ownership to Advance SDGs and the ESG Framework, Resulting in the Issuance of Green Bonds," Sustainability, MDPI, vol. 13(13), pages 1-20, June.
    6. Emil Papazov & Lyudmila Mihaylova, 2016. "Accountancy-Based Sources of Information for Planning Purposes in SMEs," Copernican Journal of Finance & Accounting, Uniwersytet Mikolaja Kopernika, vol. 5(1), pages 173-183.
    7. Camélia Radu & Nadia Smaili, 2021. "Corporate performance patterns of Canadian listed firms: Balancing financial and corporate social responsibility outcomes," Business Strategy and the Environment, Wiley Blackwell, vol. 30(7), pages 3344-3359, November.
    8. Christina J. Herden & Ervin Alliu & André Cakici & Thibaut Cormier & Catherine Deguelle & Sahil Gambhir & Caleb Griffiths & Shrishti Gupta & Sahil R. Kamani & Yonca-Selda Kiratli & Máté Kispataki & Gr, 2021. "“Corporate Digital Responsibility”," NachhaltigkeitsManagementForum | Sustainability Management Forum, Springer, vol. 29(1), pages 13-29, March.
    9. Luluk Widyawati, 2020. "A systematic literature review of socially responsible investment and environmental social governance metrics," Business Strategy and the Environment, Wiley Blackwell, vol. 29(2), pages 619-637, February.
    10. Jaehong Lee & Suyon Kim, 2021. "Does a Pro-Environmental Firm Attract Future Cash Flow? With an Impact of Sustainable Advertisement on Firms’ Financial Performance," Sustainability, MDPI, vol. 13(3), pages 1-14, January.

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