Responsible Innovation and the Innovation of Responsibility: Governing Sustainable Development in a Globalized World

Voegtlin, Christian; Scherer, Andreas Georg

doi:10.1007/s10551-015-2769-z

Cited by 295 publications

(341 citation statements)

References 83 publications

(126 reference statements)

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“…Moreover, SMEs do not have enough resources to dedicate to complex legal procedures [25]. Voegtlin and Scherer (2017) point out a number of advantages of soft-law regulation in the context of innovation [11]. Firstly, they claim that soft-law mechanisms can help overcome the limitations of hard-law in global governance for responsible innovation by engaging companies that are the main source of innovation, in the process of norm setting [11].…”

Section: Governancementioning

confidence: 99%

“…As a result, they become more committed to the norms (ownership of the norms). Secondly, soft-law regulation enables regulation of R&I on a global scale (even if with varying success) [11]. Thirdly, soft-law can cover a wide range of innovation processes and types of innovation [11].…”

Section: Governancementioning

confidence: 99%

“…Secondly, soft-law regulation enables regulation of R&I on a global scale (even if with varying success) [11]. Thirdly, soft-law can cover a wide range of innovation processes and types of innovation [11]. Moreover, soft-law regulation can inspire new innovations, because regulations that are accepted by companies as industry standard or that serve as benchmarks can "reduce uncertainty and create long-term stability for industries to innovate, invest and compete" [127].…”

Section: Governancementioning

confidence: 99%

“…It is in the interest of the EU and society to incentivise industry to conduct research and innovation in an ethical, responsible and sustainable way to evade these negative consequences and enhance its competitive advantage. Literature shows, however, that RRI is also beneficial, more often than not, for companies (Porter and Kramer 2006 [7], 2011 [8], Schiederig 2012 [9], Karakaya et al, 2014 [10]), because social and environmental innovations can create economic benefits and business opportunities [11]. The question that arises is how to incentivise the industry to conduct research and innovate in a responsible way and how to create incentives that are effective.…”

Section: Introductionmentioning

confidence: 99%

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Implementation of Responsible Research and Innovation (RRI) Practices in Industry: Providing the Right Incentives

2017

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Responsible Research and Innovation (RRI) is a term used by policy-makers and academics to refer to research and innovation that is ethically acceptable and socially desirable. Despite the fact that the vast majority of research and innovation (R&I) is funded and produced by industry, companies tend to have no awareness or recognition of this concept. This is unfortunate, as the RRI paradigm could be mutually beneficial for both business and society: it could help businesses realise competitive opportunities while also leading to positive economic, societal and environmental impacts. This paper investigates how industry can be incentivised to engage in research and innovation following the approach of RRI. We propose a matrix of incentives for stimulating the adoption of RRI. We categorise incentives according to three dichotomies: external and internal, instrumental and non-instrumental, direct and indirect. The incentives are formalised in a causal loop diagram, which can be used to demonstrate the sound character of investing in RRI from a business perspective. We discuss examples of incentives, including corporate reputation and critical consumerism, certification, employee engagement, and governance. Lastly, to ensure effective implementation of RRI, we outline factors for the realisation of successful incentives for RRI in industry.

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Section: Governancementioning

confidence: 99%

Section: Governancementioning

confidence: 99%

Section: Governancementioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Implementation of Responsible Research and Innovation (RRI) Practices in Industry: Providing the Right Incentives

2017

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“…Hence, affordable and inclusive water-related technologies and innovations, involvement of private sector, together with an integrated view on water and related value chains, are needed to achieve the SDGs by 2030. At the same time, given the critical role of water for wellbeing and livelihoods, supportive local and global level governance is required to ensure the sustainability of private sector involvement [39,40].…”

Section: Sustainable Development Goals (Sdgs)mentioning

confidence: 99%

Potential and Pitfalls of Frugal Innovation in the Water Sector: Insights from Tanzania to Global Value Chains

Hyvärinen¹,

Keskinen²,

Varis³

2016

Sustainability

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Abstract:Water is perhaps the most intertwined, and basic, resource on our planet. Nevertheless, billions face water-related challenges, varying from lack of water and sanitation services to hindrances on livelihoods and socio-economic activities. The Sustainable Development Goals (SDGs) recognize the broad role that water has for development, and also call for the private sector to participate in solving these numerous development challenges. This study looks into the potential of frugal innovations as a means for the private sector to engage in water-related development challenges. Our findings, based on a case study and literature review, indicate that frugal innovations have potential in this front due to their focus on affordable, no-frills solutions. However, we also recognize pitfalls related to frugal innovations in the water sector. Although the innovations would, in principle, be sustainable, deficiencies related to scale and institutional structures may emerge. These deficiencies are linked to the importance of water in a variety of processes, both natural and manmade, as well as to the complexity of global production-consumption value chains. Increasing the innovations' sustainability impact requires broader acknowledgement of the underlying value chains and their diverse links with water. A holistic view on water can mitigate water-related business risks while increasing wellbeing on an individual level.

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Assessing the impact of the sustainable development goals on corporate philanthropy: A study of Canada's leading private sector companies

Billedeau,

Wilson

2023

Bus Strat Dev

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This paper examines the impact of the United Nations sustainable development goals (SDGs) on community investment (CI), otherwise known as corporate philanthropic expenditures, among Canada's leading private sector companies. The study investigates whether there have been discernible shifts in CI relative to net profit after tax (NPAT) before and after the introduction of the SDGs in 2015, and whether corporations' commitment to the SDGs and/or membership in the United Nations Global Compact (UNGC) have resulted in material increases to CI expenditures. The analysis is based on descriptive statistics, comparing the mean and standard deviation of CI as a percentage of NPAT across 58 firms included in our study. The findings reveal a minor decrease in CI as a percentage of NPAT following the introduction of the SDGs and lower average CI amounts among corporations committed to the SDGs and firms with UNGC membership. This paper offers an interpretive analysis of the results, highlighting the implications of potential greenwashing and the importance of corporate transparency. Further, we emphasize the need for policies to ensure genuine corporate financial commitment to socioeconomic and environmental causes.

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Responsible Innovation and the Innovation of Responsibility: Governing Sustainable Development in a Globalized World

Cited by 295 publications

References 83 publications

Implementation of Responsible Research and Innovation (RRI) Practices in Industry: Providing the Right Incentives

Implementation of Responsible Research and Innovation (RRI) Practices in Industry: Providing the Right Incentives

Potential and Pitfalls of Frugal Innovation in the Water Sector: Insights from Tanzania to Global Value Chains

Assessing the impact of the sustainable development goals on corporate philanthropy: A study of Canada's leading private sector companies

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