Development of Environmental and Economic Sustainability Metrics for the Metal Production Industry—Experiences From University-Industry Cooperation

Dahl, Olli; Ekroos, Ari; Heiskanen, Kari; Husgafvel, Roope; Pajunen, Nani; Virtanen, Kirsi

doi:10.3390/books978-3-03842-334-8-5

Cited by 3 publications

(2 citation statements)

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“…Attempts (Husgafvel et al, 2017;Christen & Dalgaard, 2013;Sachs, 1999) to develop a system of indicators of the economic system sustainability, allowed us to assume that in this methodology, the indicators should, on the one hand, reflect the potential of the economic system for sustainable development (reproduction of traditional, human and natural capital) in the long term (predictors), and also characterize the economic system autonomy from the factors of the dynamics of the world economic environment (stabilizers). In their synergy, the sustainable economy predictors and stabilizers should focus on strategic goals, maintaining the growth of the national economy, its external competitiveness with a gradual reduction in their determinism by external economic factors.…”

Section: Economic Sustainability As a Post-globalization Conceptmentioning

confidence: 99%

Sustainable economy: Concept of post-global development

Ushakov,

Dudukalov,

Shatila

2023

E3S Web of Conf.

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The paper: - scientifically substantiates that the global economy, which at the current stage of its development demonstrates aggressive expansionism, the elimination of the economic basis of progress, shows signs of an upcoming phase transition that is able to reformat the world economic system; gives a definition of a sustainable economy, the long-term growth of which is ensured by the conditions for maintaining its competitiveness, which are minimally dependent and determined by the dynamics of the conjuncture of foreign markets; proposes a methodology for assessing the economic stability of modern states economic based on the aggregation of economic sustainability predictors and stabilizers (in the spheres of traditional, human and natural capital); defines the concept of modernizing the principles of state economic regulation;

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Section: Economic Sustainability As a Post-globalization Conceptmentioning

confidence: 99%

Sustainable economy: Concept of post-global development

Ushakov,

Dudukalov,

Shatila

2023

E3S Web of Conf.

View full text Add to dashboard Cite

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“…Some authors focus on the social aspects of sustainability and highlight the quality of life, the standard of living, human development, welfare, life satisfaction, utility, happiness, health, and safety (Zimmer et al, 2016;Chen et al, 2020;and others). The largest group of authors has prioritised investigating the economic aspects of SMEs' sustainability (Tennakoon & Janadari, 2022;Husgafvel et al, 2017;Malesios et al, 2021).…”

Section: Introductionmentioning

confidence: 99%

SMEs sustainability: The role of human resource management, corporate social responsibility and financial management

Belas,

Jan,

Hlawiczka

et al. 2024

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Research background: The sustainability of small- and medium-sized enterprises (SMEs) represents a significant scientific and professional problem in the current turbulent period because these enterprises play an important role in any country’s economic and social systems. Purpose of the article: This paper aimed to define the significant sustainability factors of small and medium-sized enterprises and to quantify their impact and importance on the sustainability of SMEs. The areas of Human Resource Management, Corporate Social Responsibility, and financial management were defined as significant sustainability factors. Methods: Empirical research, on which the scientific hypotheses were formulated and evaluated, was conducted in June 2022 in V4 countries (Czech Republic, Slovak Republic, Poland, and Hungary) using a structured questionnaire. The study accumulated a sample of 1398 respondents. Data collection was conducted through an external agency, MN FORCE, operating in Central European countries. The Computer Assisted Web Interview (CAWI) method was used to record respondents’ perceptions. Descriptive statistics, correlation analysis, and linear regression analysis were used to evaluate the hypotheses. Findings & value added: The research showed that all defined factors in the areas of Human resource management (HRM), Corporate social responsibility (CSR), and financial management of the firm had an impact on defined sustainability attributes. The greatest impact was found on the firm’s financial management, followed by CSR and HRM. The empirical results confirm that the intensity of the independent variables varies across the V4 countries. These results also show that the intensity of the selected HRM, CSR, and financial management factors of a firm is higher in the integrated models than in the models for individual V4 countries. The research results have shown that a range of factors determine the right attitude towards the sustainability of companies. In this context, economic policymakers and entrepreneurs must perceive sustainable growth as complex and apply a systemic approach to its design and implementation.

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Integrated Sustainability Assessment: Exergy, Emergy, Life Cycle Assessment

2022

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Methodological tools such as Life Cycle Assessment (LCA), Exergy Analysis (ExA), and Emergy Analysis (EmA) that account for sustainability indicators in environmental, economic, and/or social dimensions, cannot provide an assessment under these three dimensions in a robust way by themselves. This research is proposing a sustainability assessment framework to obtain a unified performance metric (Integrated Sustainability Index, ISI) to assess the Triple Bottom Line – TBL. LCA, ExA, and EmA indicators are implemented in a complementary but not interchangeable manner, providing additional information for sustainability decision-making. The systematic approach is on a conceptual definition and calculation of sustainable environmental, social, and economic disaggregated indicators. These are then systematically combined into an Integrated Sustainability Index (ISI). EmA evaluates sustainability from a “donor-side” perspective, by assigning values to the environmental efforts and investment of nature to make and support flows, materials, and services; the system boundary is the geosphere. ExA evaluates sustainability through exergy efficiency under a “user-side” evaluation process (system boundary is the technosphere). LCA evaluates it based on the quantification of environmental impact by water, soil, and air emissions, caused by the use and processing of resources to provide products or services as a “user-side” method. The proposed sustainability index presents a comprehensible hierarchic structure supported by LCA, ExA, and EmA methodologies. The integration of social, environmental, and economic components into an index that also allows for the adjustment of externalities reducing the risk of subjectivity is a new approach to assessing sustainability.

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Development of Environmental and Economic Sustainability Metrics for the Metal Production Industry—Experiences From University-Industry Cooperation

Cited by 3 publications

References 0 publications

Sustainable economy: Concept of post-global development

Sustainable economy: Concept of post-global development

SMEs sustainability: The role of human resource management, corporate social responsibility and financial management

Integrated Sustainability Assessment: Exergy, Emergy, Life Cycle Assessment

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