Sustainability Reporting in Croatia: The Challenges of Sustainable Business

Bedenik, Nidžara Osmanagić; Strugar, Ivan; Labaš, Davor; Kojić, Vedran

doi:10.1007/978-3-319-52578-5_13

Cited by 2 publications

(1 citation statement)

References 5 publications

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“…Consumers are more likely to choose brands that protect the environment and contribute to social responsibility [19]. Companies started to implement sustainable reporting because they started to be aware of its importance for customers [20]. The implementation of sustainability strategies affects customer satisfaction and company profitability.…”

Section: Theoretical Aspect Of Sustainability and Sustainable Develop...mentioning

confidence: 99%

Sustainability Strategies and Achieving SDGs: A Comparative Analysis of Leading Companies in the Automotive Industry

2022

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Sustainability as a growing trend in the 21st century has encompassed almost the entire world economy, including the automotive industry. As a result of this trend, automotive companies are adjusting their strategies and operations to contribute to the achievement of the concept of sustainability at the global level. By turning to sustainability, the automotive industry is experiencing perhaps the biggest transition in its history. This paper therefore deals with the research of sustainable strategies of leading companies in the automotive industry. The paper aims to examine the extent to which the world’s leading companies in the automotive industry meet certain SDG UN goals. The method of the qualitative comparative analysis using the desk method alternative provided the information on sustainability strategies and their fulfilment within the top five companies in the automotive industry according to the Interbrand scale from 2021, considering the UN Agenda 2030 sustainability goals. The results of the analysis showed that the observed companies in the automotive sector meet most of the goals of sustainable development of the UN with their sustainability strategies, which indicates that they are successfully adapting their business operations to modern business requirements. This also makes their brands green, hence the application of the principle of sustainability also affects the strength of their brands, adding “extended customer value”. The paper contributes not only to the development of the framework and elaboration of business models of sustainability in the automotive industry, but also to the development of further theoretical and empirical research in this field and the conceptualization of the principles of sustainability in this area.

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Section: Theoretical Aspect Of Sustainability and Sustainable Develop...mentioning

confidence: 99%

Sustainability Strategies and Achieving SDGs: A Comparative Analysis of Leading Companies in the Automotive Industry

2022

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Nonfinancial Reporting: Theoretical and Empirical Evidence

Bedenik¹,

Barišić²

2019

Sustainable Management Practices

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Nonfinancial reporting (NFR) is a relatively new topic in the business practice; it evolved a couple of decades ago. Initially, NFR was mostly disclosed on a voluntary basis. Because of deeper awareness regarding climate change and environmental challenges, as well as pressure from investors, customers, and competition, nonfinancial reporting developed from a voluntary to a mandatory highly standardized practice. This research sought to address the following questions: How understanding of business value creation determines business reporting? How sustainability approach manifests on the company level? What is nonfinancial reporting and why should companies care about it? What are the motivations and benefits for companies and for whom do they publish sustainability reports? What about experiences in public sector? How contemporary concepts of green, circular, and zero-waste economy influence business reporting? Which open questions do organizations face on the path of sustainability reporting? This study contributes to the discussion on NFR and stimulates paradigm shift from profitability toward sustainability as adopting a holistic perspective, respecting people and the planet. This research stimulates business community to invest time and energy into sustainability reporting and encourages scholars to explore new ways of business reporting and therefore contributes to our knowledge and well-being.

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Sustainability Reporting in Croatia: The Challenges of Sustainable Business

Cited by 2 publications

References 5 publications

Sustainability Strategies and Achieving SDGs: A Comparative Analysis of Leading Companies in the Automotive Industry

Sustainability Strategies and Achieving SDGs: A Comparative Analysis of Leading Companies in the Automotive Industry

Nonfinancial Reporting: Theoretical and Empirical Evidence

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