Sustainability performance evaluation in industry by composite sustainability index

Zhou, Li; Tokos, Hella; Krajnc, Damjan; Yang, Yongrong

doi:10.1007/s10098-012-0454-9

Cited by 127 publications

(82 citation statements)

References 25 publications

(25 reference statements)

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“…However, the weights of the indicators can be computed through statistical models, or from participatory methods and conjoint analysis [53]. In this case, the participatory method is proposed, more specifically the Analytic Hierarchy Process (AHP).…”

Section: Stage 2-determination Of Indicator Weightsmentioning

confidence: 99%

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Proposal of a Sustainability Index for the Automotive Industry

et al. 2015

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Abstract:In a scenario of increasing globalization, sustainable development has emerged as an attractive and strategic issue for both countries and individual organizations and their supply chains. Companies have faced different challenges in seeking to combine the best economic performance with increased social and environmental responsibility. Monitoring sustainability is essential for decision-making and management of activities that comprise an organization's system processes. Evaluation can be performed using indices or a set of indicators. In addition to increasing organizational effectiveness and improving competitiveness, customer service and profitability, it is also a crucial influence on the development of business sustainability. This paper proposes a sustainability index that provides companies with information about their level of economic, social and environmental sustainability, showing their performance at both individual and supply chain level. The importance of the indicators is assessed by using the Analytic Hierarchy Process (AHP) methodology applied to a case study of a supply chain in the automotive industry. The various stages experienced during the construction of the index are also shown. The final results achieved are then presented and discussed in light of the objectives. OPEN ACCESSSustainability 2015, 7 2114

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Section: Stage 2-determination Of Indicator Weightsmentioning

confidence: 99%

“…Normalization is necessary since the indicators are usually expressed in different units [53]. In this case, the Min-Max method is used for the normalization of indicators.…”

Section: Stage 3-normalization Of the Indicatorsmentioning

confidence: 99%

Proposal of a Sustainability Index for the Automotive Industry

et al. 2015

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“…The other steps are as follows: selection of indicators and data, imputation of missing data, and normalization of the selected indicators. Furthermore, Hatefi and Torabi [44] proposed a common weight multi-criteria decision analysis (MCDA)-DEA approach for constructing CIs, whereas Zhou et al [23] developed a multiplicative optimisation approach for constructing CIs, using the weighted product (WP) method.…”

Section: A Composite Sustainability Index Of a Projectmentioning

confidence: 99%

“…Hence, there is a need to develop a tool that would allow quantifying the sustainability of a business project. Taking into account the fact that sustainability indicators and composite index are used to assess different aspects of sustainability [8,[13][14][15][16][17][18][19][20][21][22][23], we decided to develop a composite sustainability index to assess the sustainability of a project (CSIP). The construction industry was chosen for research purposes.…”

Section: Introductionmentioning

confidence: 99%

An Index to Measure Sustainability of a Business Project in the Construction Industry: Lithuanian Case

Dobrovolskienė

Tamošiūnienė

2015

Sustainability

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Abstract:The continuous growth of the world population, resource scarcity and the threat of climate change pose numerous environmental and social problems to the world. Therefore, much hope is put in the concept of sustainability. Companies are increasingly coming under strong global pressure to incorporate sustainability considerations into their project decision-making process. Business projects in the construction industry are among the most important, as this sector is one of the largest sectors and of major importance for the national economy and therefore has a huge impact on the environment and society. Thus, we have to explore ways to integrate sustainability into the management of those projects. This paper presents a composite sustainability index of a project (CSIP) which has been created following a review of existing literature and a pilot research study. A pilot research study was conducted in the Lithuanian construction industry between January 2015 and June 2015. Sustainability criteria were chosen and grouped on the basis of the analysis of the literature and different standards relating to sustainability applicable in the construction industry. A survey was used to select and rank the most important sustainability criteria. The index was constructed using multi-criteria decision-making methods. The results of the pilot study revealed that practitioners in the Lithuanian construction sector attach most importance to 15 sustainability criteria. A composite sustainability index of a project combining all these criteria may be useful in assessing the sustainability of a business project and making decisions regarding project portfolio selection and financial resource allocation. When addressing the issue of financial resource allocation in a project portfolio, the decision-maker could take into account not only the project's return and risk, but also its sustainability. The understanding of this study should enable companies to execute sustainable projects, which could make a contribution to the sustainable development of organizations and thereby increase their competitive advantage.

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“…The Geometric Mean represents a balanced solution, and its multi-criteria analysis eases, although it does not eliminate, the compensation of the indicator results [156].…”

Section: Discussion On the Selected Methods And Approaches Followed Imentioning

confidence: 99%

Proposal of a Sustainable Circular Index for Manufacturing Companies

2017

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Abstract:Recently the circular economy has increasingly received attention worldwide due to the recognition that the security of the supply of resources and environmental sustainability are crucial for the prosperity of all the countries and businesses. G20 countries are stimulating the development of frameworks that enhance the circular economy and generally more sustainable production and consumption modes. In this context, this paper aims to suggest an index to assess the sustainability and the circularity of manufacturing companies. With this tenet, a Sustainable Circular Index (SCI) is proposed based on a five-phase framework. This index could support managers in assessing their level of sustainability and circularity and in implementing some practices that could improve the performances of their companies regarding these two topics. This index represents an important benchmarking tool for manufacturing companies to assess their sustainable and circular behavior and represents a guideline for managers.

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Sustainability performance evaluation in industry by composite sustainability index

Cited by 127 publications

References 25 publications

Proposal of a Sustainability Index for the Automotive Industry

Proposal of a Sustainability Index for the Automotive Industry

An Index to Measure Sustainability of a Business Project in the Construction Industry: Lithuanian Case

Proposal of a Sustainable Circular Index for Manufacturing Companies

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