Key Corporate Sustainability Assessment Methods for Coal Companies

Author:

Blinova Ekaterina1,Ponomarenko Tatyana1,Tesovskaya Sofiya1

Affiliation:

1. Faculty of Economics, Saint Petersburg Mining University, 199106 Saint Petersburg, Russia

Abstract

Many businesses view sustainability issues as important and design corporate sustainability strategies. However, creating such a strategy does not mean the company will progress in sustainable development because the factors influencing businesses remain largely unexplored. Based on a review of studies on corporate sustainability, we identified the major factors affecting any company’s sustainability. They include government regulation, imperfect management, interaction with stakeholders, corporate self-regulation and self-reflection, and the regulatory framework, and can be consolidated into two groups. We also analyzed the groups of methods that can be used to assess a company’s sustainability: traditional corporate sustainability assessment methods, circular economy assessment methods, ESG assessment methods, and non-financial performance indicators. For each group of methods, limitations were identified, and it was concluded that corporate sustainability assessments should factor in the environment in which the company operates. As part of this study, a lack of methods for assessing the corporate sustainability of coal companies was revealed, along with insufficient consideration of industrial factors in the prior literature. These factors are responsible for incorrect corporate sustainability assessments in the coal industry. Taking into account the division of Russian coal companies into three types (energy companies, metal manufacturers, and coal producers) and the aspects of their functioning against the backdrop of economic restrictions (including sanctions and embargoes), the authors prove that each group of companies requires an individual corporate sustainability assessment methodology.

Publisher

MDPI AG

Subject

Management, Monitoring, Policy and Law,Renewable Energy, Sustainability and the Environment,Geography, Planning and Development,Building and Construction

Reference105 articles.

1. ‘Sustainable’ Discourse: A Critical Analysis of the 2030 Agenda for Sustainable Development;Asia Pac. Media Educ.,2019

2. Sustainable Development for Future Generations: Economic Priorities;Bobylev;World New Econ.,2017

3. Nordén, B., and Avery, H. (2021). Global Learning for Sustainable Development: A Historical Review. Sustainability, 13.

4. United Nations (2023, January 16). Voluntary National Review of the Implementation of the 2030 Agenda for Sustainable Development. (In Russian).

5. Agence Francaise de Development (2023, January 16). The Sustainable Development Analysis. Available online: https://www.afd.fr/en/ressources/sustainable-development-analysis.

同舟云学术

1.学者识别学者识别

2.学术分析学术分析

3.人才评估人才评估

"同舟云学术"是以全球学者为主线,采集、加工和组织学术论文而形成的新型学术文献查询和分析系统,可以对全球学者进行文献检索和人才价值评估。用户可以通过关注某些学科领域的顶尖人物而持续追踪该领域的学科进展和研究前沿。经过近期的数据扩容,当前同舟云学术共收录了国内外主流学术期刊6万余种,收集的期刊论文及会议论文总量共计约1.5亿篇,并以每天添加12000余篇中外论文的速度递增。我们也可以为用户提供个性化、定制化的学者数据。欢迎来电咨询!咨询电话:010-8811{复制后删除}0370

www.globalauthorid.com

TOP

Copyright © 2019-2024 北京同舟云网络信息技术有限公司
京公网安备11010802033243号  京ICP备18003416号-3