Outcomes of Sustainable Practices: A Triple Bottom Line Approach to Evaluating Sustainable Performance of Manufacturing Firms in a Developing Nation in South Asia

Sapukotanage, S.; Warnakulasuriya, B. N. F.; Yapa, S. T. W. S.

doi:10.5539/ibr.v11n12p89

Cited by 7 publications

(5 citation statements)

References 32 publications

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“…The Triple Bottom Line can test the efficiency of the tourism sector because it consists of actors who have different values and interests (Wondirad et al, 2020). In addition to this, Carter and Rogers (2008) and Sapukotanage et al (2018) Triple-Bottom line approach is a popular framework used to evaluate the sustainability of a supply chain where it is not only concerned with financial aspects. It emphasizes environmental and social measures.…”

Section: Methodsmentioning

confidence: 99%

“…In this term, the tourism sector provides a unique opportunity to test triple bottom-line efficiency as it includes several stakeholders with different values and interests. Besides,Carter and Rogers (2008), supported bySapukotanage et al (2018), argue the triple-bottom-line approach is a popular framework used to evaluate the sustainability of a supply chain as it is not only concerned with financial aspects. It emphasizes environmental and social measures that allow organizations to understand that sustainability consists of three components at a broader level.…”

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confidence: 99%

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Stakeholder Collaboration Model for Ecotourism Development in Indonesia: Case Study from Batu City East Java Province

Sentanu

Prabowo

Kumalasari

et al. 2021

JGCS

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This research aims at creating a concept of cooperation between stakeholders in developing eco-tourism in Batu City. Eco-tourism and the role of stakeholders are related to one another. It is due to the urge of stakeholders to work together in managing the potential of eco-tourism to achieve a development goal. This study applies the Penta-helix model and triple-bottom-line theories to investigate the contribution of stakeholders to sustainable development. The Penta-helix model is used to identify relevant stakeholders and conduct effective collaboration. At the same time, the triple-bottom-line is applied to observe the environmental and socio-economic aspects of the eco-tourism sector. This study employs a qualitative method with an interactive approach from Miles, Huberman, and Saldana by deepening literary understanding; and field interviews. The results of this study show that cooperation and interaction between stakeholders in developing eco-tourism are inferior. Thus, the researchers develop a stakeholder collaboration model through the Penta-helix model covering the government, private eco-tourism enterprises, communities, academics, and the media. They collaborate in determining the sustainability agendas covering environmental, economic, and social as a reflection of the triple bottom line element. Those designed agendas are to encourage the realization of eco-tourism development in Batu City, Indonesia. The research recommends further research to evaluate whether this eco-tourism development model can be effective if implemented. Penelitian ini bertujuan untuk menciptakan konsep kerjasama antar stakeholder dalam pengembangan ekowisata di Kota Batu. Karena ekowisata dan peran pemangku kepentingan berkaitan satu sama lain. Hal ini dikarenakan adanya dorongan dari para pemangku kepentingan untuk bekerja sama dalam mengelola potensi ekowisata untuk mencapai tujuan pembangunan. Studi ini menerapkan model penta helix dan teori triple bottom line untuk menyelidiki kontribusi pemangku kepentingan terhadap pembangunan berkelanjutan. Model Penta helix digunakan untuk mengidentifikasi pemangku kepentingan yang relevan dan untuk melakukan kolaborasi yang efektif, sedangkan triple bottom line diterapkan untuk mengamati aspek lingkungan dan sosial ekonomi dari sektor ekowisata. Penelitian ini menggunakan metode kualitatif dengan pendekatan interaktif dari Miles, Huberman, dan Saldana dengan pendalaman pemahaman literatur; dan wawancara lapangan. Hasil penelitian ini menunjukkan bahwa kerjasama dan interaksi antar pemangku kepentingan dalam pengembangan ekowisata masih rendah. Oleh karena itu, peneliti mengembangkan model kolaborasi pemangku kepentingan melalui model Penta helix yang mencakup pemerintah, swasta, komunitas, akademisi, dan media. Mereka berkolaborasi dalam menentukan agenda keberlanjutan yang meliputi lingkungan, ekonomi, dan sosial sebagai cerminan dari elemen triple bottom line. Agenda yang dirancang tersebut adalah untuk mendorong terwujudnya pembangunan ekowisata di Kota Batu, Indonesia. Peneliti merekomendasi pada penelitian selanjutnya untuk mengevaluasi apakah model pembangunan ekowisata ini dapat efektif jika diimplemetasikan.

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Section: Methodsmentioning

confidence: 99%

mentioning

confidence: 99%

Stakeholder Collaboration Model for Ecotourism Development in Indonesia: Case Study from Batu City East Java Province

Sentanu

Prabowo

Kumalasari

et al. 2021

JGCS

View full text Add to dashboard Cite

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“…Esta aproximación cuantitativa, que mide la presencia de un tema según el número de palabras, ha sido frecuentemente utilizada para los discursos de RSC en los informes anuales, (Szczepankiewicz & Mućko, 2016;Li & Haque, 2019) y también en las cartas (Short & Palmer, 2003). En este artículo, asumimos que, puesto que la preocupación por la sostenibilidad ha ido en aumento (Sapukotanage, Warnakulasuriya & Yapa, 2018;Oncioiu, Petrescu, Bilcan, Petrescu, Popescu & Anghel, 2020), la presencia de los temas sobre sostenibilidad será mayor según avanzamos en el tiempo (Hipótesis 1).…”

Section: Metodología E Hipótesisunclassified

La legitimización en el discurso de la Responsabilidad Social Corporativa (RSC): El sector energético y financiero del Ibex35

Fernández-Vallejo

2022

Rev. signos

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From a linguistic perspective, this article examines how Corporate Social Responsibility (CSR) is legitimized in the messages of presidents to shareholders published in annual reports. The purpose is to identify which discursive strategies are preferred by presidents in order to legitimize their discourses about sustainability. Specifically, it is analyzed what issues in relation to CSR appear and what kind of legitimation strategies are present in these discourses. Regarding the types of discursive strategies, we distinguish between moral, pragmatic, or cognitive strategies (Marais, 2012). A quantitative and qualitative analysis of 34 documents (69,857 words) published in 2008, 2015, and 2019 by presidents of the financial and energy sector of the Ibex35, the main Spanish stock market index, was performed. On the one hand, analyzing these years allows for a diachronic vision of the legitimation discourse; on the other hand, focusing on these sectors allows for a better understanding of the legitimation discourse in precisely two sectors whose reputation was severely damaged, albeit for different reasons: in the case of the energy sector, because its activity specifically threatens the environment; in the case of the banking sector, because ever since the 2008 crisis, the banking sector has come under a cloud of suspicion. The results obtained show similar behavior by sector as well as by year in terms of legitimization strategies. However, regarding the issues related to CSR, notable divergences emerge. In the energy sector there is a clear predominance of environmental issues whereas the banking sector prefers social issues.

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“…On the other hand, Giddings et al [34] integrated environment, economy, and society to sustainable development and this required more than technical changes and a shift in human worldview. With the investigation of Sapukotanage et al [35] on the sustainable practices of the manufacturing firms in a developing nation in South Asia, there was evidence of such sustainable practices leading towards sustainable performance. Sutthichaimethee [36] predicted the sustainable development policy implementation in the sanitary and service sectors of Thailand by 2045 with the result of potential growth of Thai economy system by 25.76% along with changes.…”

Section: Literature Reviewmentioning

confidence: 99%

The Efficiency of the Sustainable Development Policy for Energy Consumption under Environmental Law in Thailand: Adapting the SEM-VARIMAX Model

Sutthichaimethee¹,

Naluang²

2019

Energies

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This research aims to predict the efficiency of the Sustainable Development Policy for Energy Consumption under Environmental Law in Thailand for the next 17 years (2020–2036) and analyze the relationships among causal factors by applying a structural equation modeling/vector autoregressive model with exogenous variables (SEM-VARIMAX Model). This model is effective for analyzing relationships among causal factors and optimizing future forecasting. It can be applied to contexts in different sectors, which distinguishes it from other previous models. Furthermore, this model ensures the absence of heteroskedasticity, multicollinearity, and autocorrelation. In fact, it meets all the standards of goodness of fit. Therefore, it is suitable for use as a tool for decision-making and planning long-term national strategies. With the implementation of the Sustainable Development Policy for Energy Consumption under Environmental Law ( S . D . E L ) , the forecast results derived from the SEM-VARIMAX Model indicate a continuously high change in energy consumption from 2020 to 2036the change exceeds the rate determined by the government. In addition, energy consumption is predicted to have an increased growth rate of up to 185.66% (2036/2020), which is about 397.08 ktoe (2036). The change is primarily influenced by a causal relationship that contains latent variables, namely, the economic factor ( E C O N ) , social factor ( S O C I ) , and environmental factor ( E N V I ) . The performance of the SEM-VARIMAX Model was tested, and the model produced a mean absolute percentage error (MAPE) of 1.06% and a root-mean-square error (RMSE) of 1.19%. A comparison of these results with those of other models, including the multiple linear regression model (MLR), back-propagation neural network (BP model), grey model, artificial neural natural model (ANN model), and the autoregressive integrated moving average model (ARIMA model), indicates that the SEM-VARIMAX model fits and is appropriate for long-term national policy formulation in various contexts in Thailand. This study’s results further indicate the low efficiency of Sustainable Development Policy for Energy Consumption under Environmental Law in Thailand. The predicted result for energy consumption in 2036 is greater than the government-established goal for consumption of no greater than 251.05 ktoe.

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Outcomes of Sustainable Practices: A Triple Bottom Line Approach to Evaluating Sustainable Performance of Manufacturing Firms in a Developing Nation in South Asia

Cited by 7 publications

References 32 publications

Stakeholder Collaboration Model for Ecotourism Development in Indonesia: Case Study from Batu City East Java Province

Stakeholder Collaboration Model for Ecotourism Development in Indonesia: Case Study from Batu City East Java Province

La legitimización en el discurso de la Responsabilidad Social Corporativa (RSC): El sector energético y financiero del Ibex35

The Efficiency of the Sustainable Development Policy for Energy Consumption under Environmental Law in Thailand: Adapting the SEM-VARIMAX Model

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