Environment-Social-Governance Disclosures nexus between Financial Performance: A Sustainable Value Chain Approach

Saini, Neha; Antil, Anjuman; Gunasekaran, Angappa; Malik, Kunjana; Balakumar, Suganya

doi:10.1016/j.resconrec.2022.106571

Cited by 34 publications

(17 citation statements)

References 115 publications

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“…Companies acknowledge the importance of sustainability and invest in sustainability initiatives, shifting towards more responsible behaviour, often summarised through the set of performance indicators known as environmental, social and governance (ESG; e.g. Saini et al, 2022). However, the issue with sustainability is limited access to financial resources (Bancilhon et al, 2018), and small and medium-sized enterprises in particular face financial barriers that prevent them from becoming more sustainable (Jia et al, 2020).…”

Section: Supply Chain Finance and Sustainable Performancementioning

confidence: 99%

The (un)sustainable mix: supply chain finance, sustainability ratings and liquidity

Gelsomino,

Olde Riekerink,

Medina

et al. 2024

EBR

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Purpose This study aims to investigate the interaction effect between offering supply chain finance (SCF) programmes and sustainability ratings on the liquidity performance of buyers and suppliers. Design/methodology/approach The study uses a unique sample of buyers that each have an SCF programme. The sample is complemented with financial information and sustainability scores. The data is analysed through a random effects model. Findings Aligning with recent advances in SCF literature, the results confirm a tendency for SCF programmes to favour buyers over suppliers. However, the relationship between SCF programme adoption and liquidity performance for buyers and suppliers is positively moderated by the strong sustainability performance of both parties. Practical implications Buyers and suppliers are advised to implement and adopt effective SCF programmes that are beneficial for both parties. For buyers, the authors suggest leveraging on SCF programmes as incentives to foster sustainable behaviour among suppliers. For suppliers, the authors recommend caution before joining programmes offered by buyers that do not perform well on sustainability. Social implications Enhancing sustainability within global supply chains and fostering favourable payment practices towards suppliers are crucial for policy development and regulation. The findings clarify the connection between both components, offering valuable insights for policymakers in this domain. Originality/value The study is built on a manually picked, unique database of buyers offering SCF programmes to their suppliers. This allows, across a large sample, an evaluation of the differences between buyers that offer SCF programmes and those that do not.

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Section: Supply Chain Finance and Sustainable Performancementioning

confidence: 99%

The (un)sustainable mix: supply chain finance, sustainability ratings and liquidity

Gelsomino,

Olde Riekerink,

Medina

et al. 2024

EBR

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“…Having considered the imperatives of the Enactus community development initiative, as enumerated by various authors, it is important to note that students' participation in Enactus projects escalated during the pandemic. In this regard, a review of the works of a group of scholars such as Saini et al [44] and Mawonde and Togo [4] suggests that an increase in students' participation in Enactus projects during the COVID-19 pandemic may have a direct relationship with a widespread job loss that necessitates youths' desperate need to earn income. This claim is also supported by Tshishonga [9], who described how the expansion of Enactus student activities in South Africa has been the focus of government aid programs in the face of rising unemployment rates, particularly among young people.…”

Section: Relationship Between Enactus Sustainability Initiative and T...mentioning

confidence: 99%

Assessing the Enactus Global Sustainability Initiative’s Alignment with United Nations Sustainable Development Goals: Lessons for Higher Education Institutions

Omotosho,

Akintolu,

Kimweli

et al. 2023

Education Sciences

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Various institutions across the world encourage young people to get involved in community development initiatives and set up small businesses that contribute to the sustainability of society. There is a growing body of literature suggesting that Enactus International is a key stakeholder in this endeavor, as university students’ transformational innovations are developed and exported through Enactus-established collaborations. However, further investigation is required to identify how this phenomenon works. Previous studies have not explored Enactus student teams’ sustainability practices in relation to global goals, and most were limited to the context of a particular institution. As a result, this article examines the relationship between the Enactus sustainability initiative and the United Nations Sustainable Development Goals, thus identifying critical lessons for South African higher education institutions as well as HEIs in other nations facing comparable circumstances. A focused review methodology is used in this analysis to assess the Enactus global sustainability initiative’s alignment with the SDGs, which involves a comprehensive search of the Web of Science and Scopus databases to identify relevant articles. As the year 2030 approaches, the authors warn that university stakeholders’ resistance to change and knowledge gaps about sustainability practices, as well as other limiting factors identified in this study, may impede the attainment of Sustainable Development Goals in the country. This study intends to encourage higher education institutions as change agents, stimulating them to take the lead in overcoming obstacles to the attainment of the SDGs by 2030. The study illuminates cogent approaches necessary for HEIs to create a more sustainable world. It specifically highlights the multidisciplinary perspective and collaborative opportunities offered by SDG-driven organizations.

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“…Companies are increasingly are incorporating corporate land sustainability goals into their strategic objectives and business practices, and ESG is an important approach and pathway for companies to achieve their SDGs (Long et al, 2022;Rosati & Faria, 2019;Tsalis et al, 2020;Yang et al, 2022;Yin et al, 2022a;Yin et al, 2023a). Rather than focusing solely on financial metrics like profits and growth, companies that adhere to ESG principles also consider metrics related to the company's environment, social, and governance impacts (Peng et al, 2023;Saini et al, 2022;Xie et al, 2019;Yin et al, 2022b;Yin et al, 2023b;Zou et al, 2023). 1 Good ESG performance is required for businesses to realize win-win economic, social, and environmental benefits, which can bolster investor confidence in corporate expansion and lead to a virtuous capital cycle (Sadiq et al, 2023).…”

Section: Introductionmentioning

confidence: 99%

Understanding the behavior of ESG in both OPEC and non‐OPEC countries? The implications for sustainable development reaching

Peng,

Zou,

Zhao

et al. 2023

Sustainable Development

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Environmental, social, and governance (ESG) performance has increasingly become the most pressing concern for governments, social organizations, companies, and other stakeholders. Understanding macro ESG behavior can assist governments in achieving their sustainable development goals (SDGs). In this paper, we investigate whether the macro ESG index of OPEC and non‐OPEC oil‐producing countries over the period 1990–2020 exhibits mean‐reversion behavior and whether the external shocks are transient or permanent. By conducting a series of advanced panel stationarity tests, we find that the macro ESG indices of the sample countries do not exhibit mean‐reversion and that an external shock has a permanent effect. We also identifies the yearly structural breaks that occur in the sample countries and attempts to explain why. Our research suggests that governments should use policy interventions to counteract external shocks to macro ESG behavior so as to achieve sustainable development and long‐term performance stability.

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Environment-Social-Governance Disclosures nexus between Financial Performance: A Sustainable Value Chain Approach

Cited by 34 publications

References 115 publications

The (un)sustainable mix: supply chain finance, sustainability ratings and liquidity

The (un)sustainable mix: supply chain finance, sustainability ratings and liquidity

Assessing the Enactus Global Sustainability Initiative’s Alignment with United Nations Sustainable Development Goals: Lessons for Higher Education Institutions

Understanding the behavior of ESG in both OPEC and non‐OPEC countries? The implications for sustainable development reaching

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