Sustainability Assessment and Reporting of Companies

Zimek, Martina; Baumgartner, Rupert J.

doi:10.1007/978-3-319-95726-5_15

Cited by 5 publications

(5 citation statements)

References 58 publications

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“…The transformation also involves a rethinking process on what the company has to do in order to improve company performance in economic and environmental aspects in a balanced manner. Sustainability has become part of AgroInc's management activities and strategies that connect the various phases of the organization system in new ways, the valueadded creation, and the search for new opportunities [53]. AgroInc takes business value creation by capturing added value and takes advantage of new business opportunities, new markets, and new revenue streams [54].…”

Section: Transformation To Circular Agrobusinessmentioning

confidence: 99%

Transition Thinking for Circular Agrobusiness Innovation - A Study Case on Agroindustry Company at Sumatera Island, Indonesia

Tumuyu,

Marthalia,

Asteria

2024

IJSDP

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The Circular Economy (CE) transition toward sustainable business needs a fundamental change in business culture, production process and resource management. The business sector must understand their own capacity to overcome business challenges and put the CE concept as a long-term investment that requires continuous commitment. This research aims to analyze and evaluate the business transition to CE adoption to obtain a sustainable purpose. This qualitative research with narrative analysis method focuses on identifying corporate CE management transition that comprises innovation in business process, strategic integration, and transformation process. The socio-technical transition theory is used as a research framework to identify the technical aspects of CE implementation and further a deeper analysis of social dimension amidst the perspective of people's interaction. The data collection, analysis, and validation approach, which included FGD, semi-structured interviews and documentary analysis, examined the nuances of the actor-related strategies and institutional enabling processes of CE transition in the study case company. The research also gained valuable insight into seeing the internal dynamics of company management utilize their influence in managing resources aligned with CE principles through open innovation and people interaction. The outcome of this study showed that company's shift towards the circular business could be achieved through an organizational learning process, with particular attention to strengthening internal transformation by actively involving employees. The open innovation approach is an excellent way to utilize a collaborative culture by combining existing technologies that could drive innovation in the industry.

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Section: Transformation To Circular Agrobusinessmentioning

confidence: 99%

Transition Thinking for Circular Agrobusiness Innovation - A Study Case on Agroindustry Company at Sumatera Island, Indonesia

Tumuyu,

Marthalia,

Asteria

2024

IJSDP

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“…Organisations face the task of developing and offering more sustainable products and services (Zimek and Baumgartner, 2020). A report is classified as a quality report if it satisfies specific quality criteria.…”

Section: Quality Of Sustainability Reportingmentioning

confidence: 99%

Sustainability Reporting Quality and Corporate Value: Indonesia and Malaysia Context

Utami,

Setiany,

Hidayah

et al. 2024

J. of Law and Sust. Develop.

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Purpose: The aims of this research are twofold: (1) to examine the quality of sustainability reporting among publicly traded firms in Indonesia and Malaysia, and (2) to explore the cause-and-effect link between the quality of sustainability reports and corporate value. Design/methodology/approach: The population consisted of manufacturing enterprises in Indonesia and Malaysia that have issued the Sustainability Report. The sampling was conducted using a random sampling approach and the sample size was determined using the Slovin formula. The assessment of sustainability reporting quality was conducted using certain indicators, namely: (1) adherence to regulations, (2) extent of time horizon disclosures, and (3) level of depth in content disclosure. The assessment of corporate worth was determined by the annual increase in market capitalization. The control variables employed were company size, capital intensity, leverage, and profitability. The data was gathered from the annual report and sustainability report coverage for the years 2018, 2019, and 2020, which were published on the company's website and on the stock market. By employing random sampling and ensuring the availability of all necessary data as per the regression analysis model, we acquired a total of 300 samples of manufacturing firms in Indonesia and 274 samples of manufacturing companies in Malaysia. The evaluation of the Indonesia sustainability report's disclosure pertains to the compliance with Financial Services Authority Regulation Number 51 /POJK.03/2017, which outlines the guidelines for the implementation of sustainable finance. The evaluation of Malaysia's sustainability report disclosure pertains to the Global Reporting Initiative (GRI). The study employed panel data regression analysis to investigate the causal association between the quality of sustainability report and corporate value. Findings: The practices of sustainability disclosure in Indonesia and Malaysia exhibit distinct emphases. Indonesia priorities environmental factors, whilst Malaysia focuses more on social disclosure. Companies in Malaysia have higher levels of disclosure compared to those in Indonesia due to the earlier implementation of the Global Reporting Initiative (GRI). Environmental disclosures and social disclosures in Indonesia have a notable impact on the value of the company, as measured by Tobin's Q. The negative coefficient of social disclosure indicates that investors typically react unfavorably. The act of evacuating the environment has a beneficial effect, which is seen in the appreciation shown by investors. The revelation of corporate governance has a favorable impact on the company's value (Tobin Q) in Malaysia, indicating that investors in Malaysia exhibit significant interest in governance matters. Higher levels of governance result in reduced risk and increased desirability for investors. Research limitations/implications: Some corporations do not release sustainability reports, hence researchers must get data from annual reports. The presentation of sustainability information in the annual report lacks organisation, resulting in frequently inadequate data. Originality/values: The research's originality resides in its full measurement of disclosure and its study of each component of disclosure in the sustainability report.

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“…This ensures a sufficient by manageable amount of design guidelines. A large number of different detailed activities are described in literature (Sim and Duffy, 2003;Faerber et al, 2008;Zimek and Baumgartner, 2017). In this work, the detailed activities of mechanical engineering methodology VDI 2221 are used (Verein Deutscher Ingenieure, 2019).…”

Section: Filtering Related Activities In Product Engineeringmentioning

confidence: 99%

Considering Engineering Activities and Product Characteristics to Achieve Material Circularity by Design

Gräßler

Hesse

2023

Proc. Des. Soc.

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To select design guidelines engineers have to identify relevant from a bewildering amount of design guidelines. In this paper, a rule-based method for selecting design guidelines for material circularity selection is presented. For this purpose, a generic Product Life Cycle model is detailed with regard to Multi Material cycles (gPLC-MM). The presented method is divided into four steps. Core of the presented method is the comparison of circular product strategies with product life phases and material recovery processes. Engineering activities and increments of the product architecture are used to identify design guidelines. The results show that through the material circularity-oriented design guideline identification method, the product architecture is designed for different processes and technologies, to recover materials. The method allows engineers to select guidelines in a more targeted and consolidated way in sustainability-friendly product engineering.

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Sustainability Assessment and Reporting of Companies

Cited by 5 publications

References 58 publications

Transition Thinking for Circular Agrobusiness Innovation - A Study Case on Agroindustry Company at Sumatera Island, Indonesia

Transition Thinking for Circular Agrobusiness Innovation - A Study Case on Agroindustry Company at Sumatera Island, Indonesia

Sustainability Reporting Quality and Corporate Value: Indonesia and Malaysia Context

Considering Engineering Activities and Product Characteristics to Achieve Material Circularity by Design

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