Preponderant criteria for the definition of corporate sustainability based on Brazilian sustainable companies

Schrippe, Patrícia; Ribeiro, José Luís Duarte

doi:10.1016/j.jclepro.2018.10.001

Cited by 35 publications

(32 citation statements)

References 39 publications

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“…Orsato, Garcia, Mendes‐Da‐Silva, Simonetti, and Monzoni (), based on a literature review, found scant evidence that companies listed in the Brazilian Corporate Sustainability Index (ISE) created share value. Finally, Schrippe and Ribeiro () assessed the ESG performance of companies listed in the ISE and found a management inefficiency of sustainable Brazilian companies regarding the social dimension.…”

Section: Sustainable Investmentmentioning

confidence: 99%

Can sustainable investments outperform traditional benchmarks? Evidence from global stock markets

et al. 2019

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To contribute to overcoming global sustainability challenges, investors have been increasingly interested in making sustainable investments and incorporating environmental, social and governance (ESG) criteria into their portfolio selection decisions and managerial activities. However, these investors and other agents interested in sustainable investment need updated and robust information to support their decision making. We analyzed the performance of several Dow Jones Sustainability Indices (DJSIs) and compared them with their respective market benchmarks from 2013 to 2018. The indices comprise the following regions and countries: the world, the Asia-Pacific, Europe, emerging markets and the US. The analysis was conducted based on both classic and modern portfolio metrics. The results suggest that sustainable investment performance is still heterogeneous worldwide, but there is a promising opportunity for investors to obtain superior risk-adjusted returns in certain regions while incorporating sustainable investment practices. The findings are of utmost importance to financial market practitioners, business managers, academics and other stakeholders interested in promoting investments, corporate practices and scientific knowledge to achieve the Sustainable Development Goals (SDGs).

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Section: Sustainable Investmentmentioning

confidence: 99%

Can sustainable investments outperform traditional benchmarks? Evidence from global stock markets

et al. 2019

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“…These factors are supposed to be the main pillars in implementing an integrated meta‐management framework for anticorruption. The factors are developed from the AST experience and are supported by the literature on the comprehensive anticorruption frameworks (Adeyeye, ; Luo, ; van Erp et al, ), meta‐management framework (Asif et al, , ; Stiles & Uhl, ), ESG integration frameworks (Asif et al, ; Baumgartner & Ebner, ; Eccles et al, ; Whitelock, ; Yu et al, ) and the sustainable governance concept (Aghion et al, ; Allais et al, ; Elkington, ; Lombardi et al, ; Lozano & Huisingh, ; Maglio et al, ; Sánchez et al, ; Schrippe & Duarte Ribeiro, ; Shahzad et al, ). These key success factors have been developed for each step in the Framework (Figure ).…”

Section: Discussionmentioning

confidence: 99%

“…Thus, international organisations and governmental bodies are promoting the concept of sustainable corporate governance (SCG), supporting companies in meeting their own expectations, integrating internal and external stakeholders into the decision‐making process, meeting social expectations through participatory democracy and undertaking the systematic adoption of intangible capital in both strategic and operational governance (Allais, Roucoules, & Reyes, ; Lombardi et al, ). The main peculiarity of SCG is an appropriate balance between managing organisations for shareholders and all stakeholders (Aghion, Caroli, & Garcia‐Penalosa, ; Allais et al, ; Elkington, ; Hart, ; Lombardi et al, ; Lozano, ; Lozano & Huisingh, ; Maglio et al, ; Schrippe & Duarte Ribeiro, ), safeguarding the environment and collectivity.…”

Section: Introductionmentioning

confidence: 99%

“…is attending the program I.Ph.D.@UNIPG. Penalosa, 1999;Allais et al, 2017;Elkington, 2002;Hart, 1997;Lombardi et al, 2019;Lozano, 2012;Lozano & Huisingh, 2011;Maglio et al, 2019;Schrippe & Duarte Ribeiro, 2019), safeguarding the environment and collectivity.…”

Section: Introductionmentioning

confidence: 99%

“…In response to the changing anticorruption context and the need to assure sustainable governance models and corporate social responsibility (Aghion et al, 1999;Allais et al, 2017;Elkington, 2002;Lombardi et al, 2019;Maglio et al, 2019;Schrippe & Duarte Ribeiro, 2019;Welford, 2007), the literature on anticorruption issues is becoming more related to firms' engagement (Rodriguez et al, 2006). However, researchers usually perceive anticorruption practices as independent from the company's system (control system/culture/ social responsibility).…”

Section: Introductionmentioning

confidence: 99%

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A sustainable governance model to prevent corporate corruption: Integrating anticorruption practices, corporate strategy and business processes

2020

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Our paper investigates the integration of anticorruption practices, corporate strategy and business processes of contemporary organisations to provide a new and emerging sustainable governance model. Using the single case study approach to answer our research question, we provide novel evidence from the analysis of the Italian manufacturing company Acciai Speciali Terni Spa. Our case study interprets a consolidated entrepreneurial experience, constructing an integrated meta‐management framework of anticorruption practices. Enriching existing literature, we have adopted the frameworks by Asif et al., (2010) and Asif et al., (2011) to test results and obtain general perspectives and practical implications for organisations, regulators and governments, proposing a sustainable governance model to prevent corruption and bribery.

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From sustainable value to shareholder value: The impact of sustainable governance and anti‐corruption programs on market valuation

et al. 2022

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This study investigates the value relevance of corporate governance and anti‐corruption policies from a sustainable value perspective, basing the analysis on institutional and stakeholder theories. Using a sample of annual and sustainability reports of 110 listed companies of the world, published between 2018 and 2020, the study documents piecewise dependence between some components of sustainable value (i.e., governance and anti‐corruption) and market value for shareholders. Based on our findings, these components exert a significant positive influence on market performance for the sample of companies with an initial low level of these practices (beginners). However, companies with an already developed framework for sustainable governance and anti‐corruption (advanced) do not experience any significant fluctuations in market value in response to developments in respect of these components. Overall, the results suggest that unexpected activities and disclosure in respect of sustainable governance and anti‐corruption mechanisms are valued more highly by the market than new developments in initiatives and reporting where these mechanisms are already at mature levels. The research bridges the gap in the literature by explaining the influence of sustainable governance and anti‐corruption actions on market prices using piecewise regression; this contrasts with previous single‐model studies. Additionally, anti‐corruption is incorporated as a characteristic of sustainable governance in this research for the first time.

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Preponderant criteria for the definition of corporate sustainability based on Brazilian sustainable companies

Cited by 35 publications

References 39 publications

Can sustainable investments outperform traditional benchmarks? Evidence from global stock markets

Can sustainable investments outperform traditional benchmarks? Evidence from global stock markets

A sustainable governance model to prevent corporate corruption: Integrating anticorruption practices, corporate strategy and business processes

From sustainable value to shareholder value: The impact of sustainable governance and anti‐corruption programs on market valuation

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