2015
DOI: 10.1016/j.ijsbe.2014.12.003
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Potential benefits of developing and implementing environmental and sustainability rating systems: Making the case for the need of diversification

Abstract: In this paper, we explore the potential benefits of implementing environmental and sustainability rating systems (ESRS) in industrial sectors other than the building industry. The increasing demand for natural resource exploration and exploitation has generated greater attention to the impact of such activity on both the organization and its stakeholders. One solution to mitigate the negative impacts is to regulate it through government agencies and legal requirements. While providing general guidelines, these… Show more

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Cited by 47 publications
(28 citation statements)
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“…When Lean, sustainability, and supply chain management are melted in the same pot, it becomes one broad theory, which covers a range from the product design phase to end-of-product-life management including reverse logistics. This creates a necessity to benchmark lean and sustainable operations to ensure measurement and comparability of truly sustainable performance, as well as establishment of a reward mechanism through a rating scale [274,275]. Some authors discuss that cost of compliance with environmental regulations would damage economic sustainability of an organization, while many studies including EPA's publications conclude that lean and sustainability practices can be combined to strengthen and fill the gaps in each other to achieve truly sustainable outcomes [164,168,276].…”
Section: Key Performance Indicators (Kpis) Constructmentioning
confidence: 99%
“…When Lean, sustainability, and supply chain management are melted in the same pot, it becomes one broad theory, which covers a range from the product design phase to end-of-product-life management including reverse logistics. This creates a necessity to benchmark lean and sustainable operations to ensure measurement and comparability of truly sustainable performance, as well as establishment of a reward mechanism through a rating scale [274,275]. Some authors discuss that cost of compliance with environmental regulations would damage economic sustainability of an organization, while many studies including EPA's publications conclude that lean and sustainability practices can be combined to strengthen and fill the gaps in each other to achieve truly sustainable outcomes [164,168,276].…”
Section: Key Performance Indicators (Kpis) Constructmentioning
confidence: 99%
“…This is because it is adopted for convenience and not for conviction (ethics and moral) (Jagd, 2014). Some research in the field of SMEs from countries with developed and emerging economies have exposed that these practices generate a greater projection of the commercial image of companies, increase the satisfaction of their stakeholders and increase the business reputation (Jayanti & Rajeev, 2014;Poveda & Young, 2015). From the theoretical and empirical analysis we have developed the following hypotheses: H1a.…”
Section: Iso 14001 and 26001 Standards In The Business Imagementioning
confidence: 99%
“…In this sense, Poveda and Young [55] argued that if it pays to be green, constructers firms can achieve win-win in both environmental and operational dimensions, because environmental pressures provide constructors firms with an opportunity to improve efficiency and competitiveness through environmental innovations in processes and products.…”
Section: Carbon Reduction Strategies and Climate Changementioning
confidence: 99%