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From financial to sustainable profit

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  • Jacqueline Cramer

Abstract

This article explains why sustainable business has caught the spotlight at this particular time. Main drivers are the shift in power relationships between states, firms and households, the emergence of civil regulation and the communication through networks. The implication of this trend towards sustainable business is that firms will consciously need to focus on creating value not only in financial terms, but also in ecological and social terms. The challenge facing the business sector is how to set about meeting these expectations. Firms will need to change not only in themselves, but also in the way they interact with their environment. Copyright © 2002 John Wiley & Sons, Ltd. and ERP Environment

Suggested Citation

  • Jacqueline Cramer, 2002. "From financial to sustainable profit," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 9(2), pages 99-106, June.
    • Handle: RePEc:wly:corsem:v:9:y:2002:i:2:p:99-106
    DOI: 10.1002/csr.12
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    References listed on IDEAS

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    1. Anne Grafé‐Buckens & Anna‐Fay Hinton, 1998. "Engaging the stakeholders: corporate views and current trends," Business Strategy and the Environment, Wiley Blackwell, vol. 7(3), pages 124-133, July.
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    Cited by:

    1. Heyder, Matthias & Theuvsen, Ludwig, 2008. "Legitimating Business Activities Using Corporate Social Responsibility: Is there a Need for CSR in Agribusiness?," 110th Seminar, February 18-22, 2008, Innsbruck-Igls, Austria 49851, European Association of Agricultural Economists.
    2. Esther Pittroff, 2014. "Whistle-Blowing Systems and Legitimacy Theory: A Study of the Motivation to Implement Whistle-Blowing Systems in German Organizations," Journal of Business Ethics, Springer, vol. 124(3), pages 399-412, October.
    3. Elizabeth-Anne Thomas, 2019. "How Useful Is the Global Reporting Initiative (GRI) Reporting Framework to Identify the Non-financial Value of Corporate Social Performance (CSP)?," CSR, Sustainability, Ethics & Governance, in: Nicholas Capaldi & Samuel O. Idowu & René Schmidpeter & Martin Brueckner (ed.), Responsible Business in Uncertain Times and for a Sustainable Future, pages 37-87, Springer.
    4. repec:dgr:rugsom:03a43 is not listed on IDEAS
    5. Georg Schreyögg, 2008. "Unternehmensethik zwischen guten Taten und Korruption — Perspektiven für die Betriebswirtschaftslehre," Schmalenbach Journal of Business Research, Springer, vol. 60(58), pages 116-135, January.
    6. Broekhuis, Manda & Vos, Janita F.J., 2003. "Improving organizational sustainability using a quality perspective," Research Report 03A43, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
    7. Friedrich, Nina & Heyder, Matthias & Theuvsen, Ludwig, 2012. "Sustainability Management in Agribusiness: Challenges, Concepts, Responsibilities and Performance," 2012 International European Forum, February 13-17, 2012, Innsbruck-Igls, Austria 144979, International European Forum on System Dynamics and Innovation in Food Networks.
    8. Lei Wang & Heikki Juslin, 2013. "Corporate Social Responsibility in the Chinese Forest Industry: Understanding Multiple Stakeholder Perceptions," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 20(3), pages 129-145, May.
    9. Jason Chi‐hin Chan & Richard Welford, 2005. "Assessing corporate environmental risk in China: an evaluation of reporting activities of Hong Kong listed enterprises," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 12(2), pages 88-104, June.
    10. Friedrich, Nina & Heyder, Matthias & Theuvsen, Ludwig, 2012. "Sustainability Management in Agribusiness: Challenges, Concepts, Responsibilities and Performance," International Journal on Food System Dynamics, International Center for Management, Communication, and Research, vol. 3(2), pages 1-13, December.
    11. Idalina Dias‐Sardinha & Lucas Reijnders, 2005. "Evaluating environmental and social performance of large Portuguese companies: a balanced scorecard approach," Business Strategy and the Environment, Wiley Blackwell, vol. 14(2), pages 73-91, March.
    12. Wiig, Arne & Kolstad, Ivar, 2010. "Multinational corporations and host country institutions: A case study of CSR activities in Angola," International Business Review, Elsevier, vol. 19(2), pages 178-190, April.
    13. Danae Arroyos-Calvera & Nattavudh Powdthavee, 2022. "Reputation as insurance: how reputation moderates public backlash following a company's decision to profiteer," Papers 2204.03450, arXiv.org.
    14. Yauwseph Tandiono & Hsin Rau, 2022. "An Enhanced Model Using the Kano Model, QFDE, and TRIZ with a Component-Based Approach for Sustainable and Innovative Product Design," Sustainability, MDPI, vol. 15(1), pages 1-17, December.
    15. Tobias Hahn & Frank Figge, 2011. "Beyond the Bounded Instrumentality in Current Corporate Sustainability Research: Toward an Inclusive Notion of Profitability," Journal of Business Ethics, Springer, vol. 104(3), pages 325-345, December.
    16. Mariëtte van Huijstee & Pieter Glasbergen, 2008. "The practice of stakeholder dialogue between multinationals and NGOs," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 15(5), pages 298-310, September.
    17. Lucky Nugroho & Wiwik Utami & Citra Sukmadilaga & Tettet Fitrijanti, 2017. "The Urgency of Allignment Islamic Bank to Increasing the Outreach (Indonesia Evidence)," International Journal of Economics and Financial Issues, Econjournals, vol. 7(4), pages 283-291.
    18. Heyder, M. & Theuvsen, L., 2009. "Corporate Social Responsibility in the Agribusiness: A Research Framework," Proceedings “Schriften der Gesellschaft für Wirtschafts- und Sozialwissenschaften des Landbaues e.V.”, German Association of Agricultural Economists (GEWISOLA), vol. 44, March.
    19. Jason West, 2015. "Capital valuation and sustainability: a data programming approach," Review of Quantitative Finance and Accounting, Springer, vol. 45(3), pages 591-608, October.

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