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Integrating Eco‐Innovations and Stakeholder Engagement for Sustainable Development and a Social License to Operate

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  • Anna Katharina Provasnek
  • Anton Sentic
  • Erwin Schmid

Abstract

Eco‐innovations of corporations are seen to contribute to the mitigation of negative impacts on the natural environment. However, despite environmental gains, some eco‐innovations fail in the marketplace while others succeed. We propose a framework that reflects the connection between eco‐innovations and their social license to operate. Corporations can increase the market success of eco‐innovations if they can gain a social license to operate based on fair and trustworthy stakeholder engagement shaped by the context of their societal environment. Eco‐innovations can be transformed following management steps of an internal and external evaluation, the analysis of companies' interactional status, and conformation activities for the introduction of sustainability‐oriented innovations. We conclude that the successful transformation of eco‐innovations requires the inclusion of social factors, such as stakeholders' multiple claims, to secure a social license to operate and thereby even reduce costs by avoiding sketchy corporate social responsibility measures. Copyright © 2017 John Wiley & Sons, Ltd and ERP Environment

Suggested Citation

  • Anna Katharina Provasnek & Anton Sentic & Erwin Schmid, 2017. "Integrating Eco‐Innovations and Stakeholder Engagement for Sustainable Development and a Social License to Operate," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 24(3), pages 173-185, May.
  • Handle: RePEc:wly:corsem:v:24:y:2017:i:3:p:173-185
    DOI: 10.1002/csr.1406
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    11. Hayrold José Ureña Espaillat & Antonio Juan Briones Peñalver & Juan Andrés Bernal Conesa, 2022. "Influencing responsible green innovation in Dominican agribusiness performance," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(3), pages 675-685, May.
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    13. Morteza Ghobakhloo & Mohammad Iranmanesh & Andrius Grybauskas & Mantas Vilkas & Monika Petraitė, 2021. "Industry 4.0, innovation, and sustainable development: A systematic review and a roadmap to sustainable innovation," Business Strategy and the Environment, Wiley Blackwell, vol. 30(8), pages 4237-4257, December.
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    15. Sooksan Kantabutra & Nuttasorn Ketprapakorn, 2021. "Toward an Organizational Theory of Resilience: An Interim Struggle," Sustainability, MDPI, vol. 13(23), pages 1-28, November.
    16. Cesar Saenz, 2019. "A social conflict diagnostic tool for application in the mining industry: A case study in Peru," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(3), pages 690-700, May.
    17. Wojciech Przychodzen & Dante I. Leyva‐de la Hiz & Justyna Przychodzen, 2020. "First‐mover advantages in green innovation—Opportunities and threats for financial performance: A longitudinal analysis," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(1), pages 339-357, January.
    18. Belén Payán‐Sánchez & José Antonio Plaza‐Úbeda & Miguel Pérez‐Valls & Eva Carmona‐Moreno, 2018. "Social Embeddedness for Sustainability in the Aviation Sector," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 25(4), pages 537-553, July.
    19. Dayuan Li & Fei Tang & Lu Zhang, 2020. "Differential effects of voluntary environmental programs and mandatory regulations on corporate green innovation," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 103(3), pages 3437-3456, September.
    20. Chung‐Wha (Chloe) Ki & Sze Man Chong & Jung E. Ha‐Brookshire, 2020. "How fashion can achieve sustainable development through a circular economy and stakeholder engagement: A systematic literature review," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(6), pages 2401-2424, November.
    21. Zhongju Liao & Siying Long, 2018. "CEOs' regulatory focus, slack resources and firms' environmental innovation," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 25(5), pages 981-990, September.
    22. Salvatore Esposito De Falco & Giuseppe Scandurra & Antonio Thomas, 2021. "How stakeholders affect the pursuit of the Environmental, Social, and Governance. Evidence from innovative small and medium enterprises," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 28(5), pages 1528-1539, September.
    23. Anne Elizabeth Fordham & Guy M. Robinson, 2018. "Mechanisms of change: Stakeholder Engagement in the Australian Resource Sector through CSR," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 25(4), pages 674-689, July.
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    25. Dietfried Globocnik & Romana Rauter & Rupert J. Baumgartner, 2019. "Synergy Or Conflict? The Relationships Among Organisational Culture, Sustainability-Related Innovation Performance, And Economic Innovation Performance," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 24(01), pages 1-38, January.

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