While multi-stakeholder engagement is critical to achieving the Sustainable Development Goals (SDGs), there is less understanding in the literature about how the private sector can enhance such engagement at an institutional level. In this study, we examine the case of LG Electronics (LGE), one of South Korea’s most sustainable firms. This case study highlights the key strategies that LGE employed in engaging stakeholders for the SDGs, with a focus on stakeholder scope and engagement over three phases: (1) stakeholder communication; (2) stakeholder involvement; and (3) stakeholder engagement. In addition, this paper emphasizes governance mechanisms that facilitated more effective stakeholder engagement, including the company’s Corporate Sustainability Management (CSM) strategies, CSR Committee and Sustainability Management Council. These findings also highlight the usefulness of the common language provided by the SDGs in stakeholder engagement and provide practical implications for the private sector in contributing to the shared global agenda.
PurposeSustainability is one of the leading challenges of our age, and higher education plays a vital role in supporting the implementation of sustainability initiatives. There has been substantial progress in business schools introducing sustainability into courses with extant literature detailing case studies of sustainability education and student perceptions of their learning. The purpose of this paper is to address the gap in literature from educators' perspectives on their experiences of introducing sustainability teaching using specific teaching tools for sustainability.Design/methodology/approachThis paper presents a case study on a sustainability teaching tool, WikiRate, that was embedded into business and management courses at seven higher education institutions from across the globe. Interviews were conducted after course delivery to gain insights into the practical challenges of designing and implementing a sustainability education activity.FindingsThe findings show that educators perceive sustainability as a complex issue, presenting a challenge to teaching in university systems whose normative curricula are rooted in instrumental problem-solving. Furthermore, educators described challenges to their own learning in order to implement sustainability into curricula including the need for compromises and adaptions.Originality/valueThis empirical study reports on educators' experiences embedding sustainability into their courses through an innovative teaching tool, WikiRate. This paper has implications for reframing how we can approach sustainability education and presents discussion ways to teach complexity without reduction or simplification.
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This paper uses student perspectives on learning to highlight the potential contribution of the WikiRate platform to develop knowledge, skills, attitudes and sustainability mindsets of future business leaders. WikiRate originates from a project with a mission of "crowdsourcing better companies" throughanalysis of their Environmental, Social, and Governance (ESG) performance. The project identified a need for an open public repository of data tracking companies' ESG performance, on the grounds that while corporate social responsibility reporting is conducted in public, there are barriers to accessing information in a standardised format. WikiRate provides an open repository for data along with tools for analysis, allowing business students to participate in its interpretation. Seeing potential for this pedagogical innovation to help develop the next generation of responsible managers and leaders, educators in business schools in five countries carried out a survey of 1575 student users of WikiRate to explore what they had learned. Analysis of responses from 549 students using a grounded theory approach found that WikiRate extended students' knowledge, skills and attitudes on several dimensions. The findings suggest that use of WikiRate is a valuable addition to a growing number of open source platforms designed to contribute to the development of competences for sustainability.
Although renewable energy investments in developing and emerging economies play a crucial role in accelerating the clean energy transition, investments remain limited. Building on previous research, this study takes a unique approach by analyzing determinants of clean energy investments from investors from one country, the United States, which represents the largest single source of investments. Based on panel data sourced from Bloomberg New Energy Finance (BNEF)’s Climatescope, we analyzed renewable energy investments by investors from the United States between 2008 and 2019. The analysis included four factors (i.e., economic, socio-environmental, political, and proactivity) and covered 61 emerging/developing countries. Our results suggest that the most significant factor that determines renewable energy investment by investors from the United States is commercial ties between the investing and recipient country. Our findings also demonstrate the importance of a strong legal system and clean energy promotion mechanisms, such as feed-in tariffs, in recipient countries. When breaking down investment flows, the effects of different economic factors may vary, depending on whether the renewable technology is solar or wind, which further highlights the importance of understanding determinants of renewable energy investments.
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