Estimating the dynamic environmental footprints of the global finance and business sector towards sustainable development goals

The second goal of Sustainable Development Goals (SDGs) (SDG‐2: zero hunger), which integrates food security, nutrition, and sustainable agriculture, is the common aim of human beings. Assessment of food security performance is the premise of understanding the global food security to tailor strategies toward SDG‐2. This study quantitatively assesses the food security of 93 countries using a multiple‐dimensional indicator system (MDIS) with five dimensions (i.e., availability, access, utilization, stability, and other) consisting of 34 indicators using the data for the years 2015, 2016, 2017, and 2018. The results show imbalance in global food security, which is generally high in Europe, Oceania, and North America, fair in East Asia and South America, and low in Africa and South Asia. In the dimensions, countries with low availability are mainly owing to the bad performances of indicators related to energy, protein, and meat supply; the low utilization is expressed in the number of obese adults, stunted children, prevalence of anemia of women, obese adults and overweight children; the low food access showed in the low GDP per capita and rail line density; and the low‐stability countries mainly have the high food import dependency and low political stability. Policy implications include promoting the adoption of agricultural technologies to boost food production, implementing inclusive finance among vulnerable groups to enhance health equality, developing national economy and transport systems to increase access to food, and encouraging local food reserves and calling for world peace to stable food supply. This study provides national governments and international organizations with a new MDIS, status quo, and possible solutions to eliminating hunger.

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Progress toward SDG‐2: Assessing food security in 93 countries with a multidimensional indicator system

Peng

Shuai

Yin

et al. 2023

Sustainable Development

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Supplier–buyer (in)congruence in environmental management accounting for sustainable development in the context of Japan

Zeng,

Katsumata,

et al. 2024

Sustainable Development

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This study provides a comprehensive perspective on the integration of Environmental Management Accounting (EMA) in translating environmental management strategies into corporate outcomes, both at the firm and supply chain levels. Grounded in legitimacy theory and agency theory, we introduce a conceptual framework to comprehensively investigate the impact of EMA implementation on corporate environmental performance (CEP) and corporate financial performance (CFP). Additionally, by considering the dynamics of supplier–buyer relationships, this research delves into the influence of supplier–buyer alignment in EMA on corporate performance, encompassing CEP and CFP within a supply network. To collect empirical data, we partnered with two prominent information firms in Japan, Toyo Keizai Inc. and., Nikkei Inc and gathered EMA data from chief financial officers of publicly listed companies spanning multiple industries in Japan. We manually paired these public firms with their business partners, including industry buyers and suppliers, to establish focal firm‐business partner pairs. Our findings indicate a positive correlation between the extent of EMA implementation and both CEP and CFP. Furthermore, we observe that board gender diversity enhances the relationship between EMA implementation and CFP, while it exerts no influence on the connection between EMA implementation and CEP. Lastly, our study reveals that supplier–buyer congruence in EMA implementation yields positive effects on the performance of focal firms operating within a supply chain network.

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Linking local and global: Assessing water scarcity risk through nested trade networks

Wang,

Shuai,

Chen

et al. 2024

Sustainable Development

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As water scarcity escalates globally, there is a growing focus on assessing its economic impact, both locally and through trade networks, defined as water scarcity risk (WSR). Given China's pivotal role as a top importer and exporter, coupled with significant spatial disparities in water scarcity across its provinces, understanding the spread of water scarcity risks within China and their interplay with global water dynamics is imperative yet relatively unexplored. This study constructs a nested Multi‐Regional Input‐Output (MRIO) model to evaluate water scarcity risk, connecting Chinese provinces with global counterparts. Notably, we integrate the spatial heterogeneity of environmental flow requirement as a vital criterion for long‐term sustainable water management in our assessment. Our findings reveal substantial economic impacts caused by water scarcity, with a global WSR valued at $11.1 trillion, of which $6.2 trillion is attributed to trade. Critical regions, sectors, and region‐sectors are identified, offering valuable insights for targeted interventions. This study presents a unique perspective on global water scarcity risk assessment at a higher resolution scale, laying the groundwork for the formulation of effective water scarcity risk mitigation strategies aligned with sustainable development goals, particularly SDG 6 and 8.

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Estimating the dynamic environmental footprints of the global finance and business sector towards sustainable development goals

Cited by 7 publications

References 75 publications

Progress toward SDG‐2: Assessing food security in 93 countries with a multidimensional indicator system

Progress toward SDG‐2: Assessing food security in 93 countries with a multidimensional indicator system

Supplier–buyer (in)congruence in environmental management accounting for sustainable development in the context of Japan

Linking local and global: Assessing water scarcity risk through nested trade networks

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