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Navigating Sustainability Business: Environmental and Social Sustainability and Related Strategies

A special issue of Sustainability (ISSN 2071-1050). This special issue belongs to the section "Economic and Business Aspects of Sustainability".

Deadline for manuscript submissions: 25 September 2025 | Viewed by 9587

Special Issue Editor


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Guest Editor
Rohrer College of Business, Rowan University, Glassboro, NJ 08028, USA
Interests: ESG; sustainability; technology; capabilities; CEO compensation; diversification; firm performance
Special Issues, Collections and Topics in MDPI journals

Special Issue Information

Dear Colleagues,

Company strategies have of late been striving to improve corporate performance through progressive efforts towards ESG, one of the emerging trends in today’s challenging market environment. The strategic significance of corporate sustainability, via environmental greening and social responsibility, refers to two significant pillars of ESG standards for a company’s strategic efforts toward a resilient future. Although there is still a growing need to explore the strategic significance of corporate sustainability for a firm’s sustainable economic performance, the strategic drives towards corporate competencies through eco-friendly environmental greening and pro-social responsibility are still intriguing subjects in today’s economic fields, mainly due to various strategic perspectives. The significance of environmental and social focuses for firm performance is still a controversial topic, especially regarding the resources and time and consumed in their undertaking. The controversy arises from issues of measuring critical strategic components and then benchmarking them across firms, industry sectors, and countries.

This Special Issue will explore the strategic significance of environmental and social benchmarking criteria, individually and jointly, to improve economic performance in competitive markets across different industries and countries. Articles submitted to this Special Issue should shed light on critical strategic factors in terms of environmental (e.g., GHG, waste, water, climate, energy use, resources, products, packaging, facilities, etc.) and social (e.g., DEI, employee health and safety, community impact, human rights, customers, and reputation) efforts that directly contribute to a firm’s economic performance and market value. Furthermore, this Special Issue will provide academics and practitioners with diverse perspectives on sustainability and its relationship with corporate performance in a competitive global market.

Topical subjects of interest for this Special Issue include, but are not limited to:

  • Strategic links between corporate strategy, through environmental and social criteria,

and a firm’s economic performance (taking into account various stakeholders);

  • The strategic impact of environmental and social standards/efforts on the market value of firms;
  • Corporate sustainability* and corporate strategy for firm performance;
  • The risk factors of environmental and social issues for accountable managers;
  • Strategic evaluation of environmental and social risk in terms of managerial decision-making;
  • The strategic competencies of environmental and social investing;
  • Technology issues with environmental and social strategies for firm sustainability;
  • The strategic significance and value of environmental and social focuses for firm performance;
  • The integration of environmental and social criteria with a firm’s economic performance;
  • Strategic determinants of a firm’s performance through environmental greening and corporate social responsibility across different industries and countries.

Prof. Dr. Jooh Lee
Guest Editor

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Sustainability is an international peer-reviewed open access semimonthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 2400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • environmental greening
  • social responsibility
  • economic performance of firms

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Published Papers (3 papers)

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Research

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29 pages, 2528 KiB  
Article
Creating Value Through Strategic Management: Sustainable Mobility for Family-Owned Small- and Medium-Sized Enterprises with Electric Vehicles in the Digital Era
by Sónia Gouveia, Daniel H. de la Iglesia, José Luís Abrantes, Alfonso J. López Rivero, Elisabete Silva, Eduardo Gouveia and Vasco Santos
Sustainability 2025, 17(5), 1785; https://doi.org/10.3390/su17051785 - 20 Feb 2025
Cited by 1 | Viewed by 798
Abstract
This paper aims to provide small- and medium-sized enterprises (SMEs) owned by families with a simple, achievable technical methodology for the assessment of sustainable mobility alternatives, in particular, the purchase of electric vehicles (EVs) and photovoltaic (PV) systems. By adopting a comprehensive comparative [...] Read more.
This paper aims to provide small- and medium-sized enterprises (SMEs) owned by families with a simple, achievable technical methodology for the assessment of sustainable mobility alternatives, in particular, the purchase of electric vehicles (EVs) and photovoltaic (PV) systems. By adopting a comprehensive comparative analysis approach, this research aims to empower SMEs to make highly informed decisions concerning the choice of vehicles and energy systems that provide strategic and sustainable value. Based on a quantitative analysis linked to the total costs over ten years, and considering the different types of vehicles (electric, hybrid, and combustion) and the integration of PV systems, practical formulas are used to calculate the total cost of ownership (TCO), energy consumption, and CO2 emissions. The results show that adopting electric vehicles, especially those complemented by photovoltaic systems with storage for night-time charging, can significantly reduce operating costs and carbon emissions, generating economic and environmental value. This study provides an accessible and applicable approach to the context of family SMEs, facilitating the analysis and choice of mobility options based on simple and commercially available data. By focusing on value creation through informed and strategic decisions, this work offers a relevant contribution to the competitiveness and sustainability of SMEs, promoting the adoption of sustainable mobility technologies in an integrated and effective manner. Full article
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16 pages, 267 KiB  
Article
Sustainability and Dividends: Complements or Substitutes?
by Kevin Krieger and Nathan Mauck
Sustainability 2024, 16(14), 6233; https://doi.org/10.3390/su16146233 - 21 Jul 2024
Viewed by 1715
Abstract
We examine the relationship between environmental, social, and governance commitment levels (ESG) and firm dividend-payer status. Given that larger and more profitable firms are positively associated with both payer status and ESG, it could be that ESG and dividends are complements. However, given [...] Read more.
We examine the relationship between environmental, social, and governance commitment levels (ESG) and firm dividend-payer status. Given that larger and more profitable firms are positively associated with both payer status and ESG, it could be that ESG and dividends are complements. However, given that both dividends and ESG relate to firm spending decisions, it may be that the choice is “either/or”, and that ESG and dividends are substitutes. We document a positive relationship between ESG and dividend-payer status in U.S. firms over the period 1991–2016. In particular, we find that the proportion of dividend-payers is roughly 13% higher for firms with positive ESG compared to those with negative ESG. Including ESG in the models used to predict payer status provides, on average, a nearly 26% improvement in relative forecast accuracy. Our results are robust in regards to estimation techniques and the inclusion of variables known to be determinants of payer status. The results indicate that, on average, firms are not forced to sacrifice dividends in favor of ESG spending. Full article

Review

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24 pages, 1163 KiB  
Review
Toward More Nature-Positive Outcomes: A Review of Corporate Disclosure and Decision Making on Biodiversity
by Maheshika Senanayake, Iman Harymawan, Gregor Dorfleitner, Seungsoo Lee, Jay Hyuk Rhee and Yong Sik Ok
Sustainability 2024, 16(18), 8110; https://doi.org/10.3390/su16188110 - 17 Sep 2024
Cited by 3 | Viewed by 6208
Abstract
Loss of biodiversity and natural degradation are vital issues that have significant impacts on society and economy. Businesses, investors, and regulators have focused on corporate efforts to support biodiversity and nature-positive activities. This review provides a comprehensive overview of the importance of biodiversity [...] Read more.
Loss of biodiversity and natural degradation are vital issues that have significant impacts on society and economy. Businesses, investors, and regulators have focused on corporate efforts to support biodiversity and nature-positive activities. This review provides a comprehensive overview of the importance of biodiversity for businesses, its materiality, and the roles of mandatory and nonmandatory regulations in corporate environmental reporting and sustainability disclosure frameworks. It also discusses descriptive information on the evolution of sustainability frameworks by comparing the most prominent sustainability frameworks, with a key focus on the materiality approach and biodiversity-related disclosure recommendations. Furthermore, we provide recommendations for more holistic approaches to improve future sustainability frameworks focusing on the impact of biodiversity. Additionally, we demonstrate the necessity for greater focus on the decision-making paradigm. Further research to measure the impact of biodiversity and innovative trends in sustainability reporting is required to better reflect nature-positive outcomes in corporate sector businesses. Full article
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