"Despite the progress made by the copious number of frameworks and measurements, serious issues and blind spots persist. For instance, monopoly positions, subsidies or regulatory privileges are clearly unsustainable and yet rarely captured by existing sustainable frameworks and measurements." (Casas & Nerlinger, 2022)
"This is but one issue" the authors write. A review of multiple identified existing challenges are further discussed in the full article. The article goes on to explore, how can leaders navigate the challenges of ensuring sustainability at the firm level, especially when faced with issues of inconsistency, a lack of alignment with the business model, or unreliable data in the context of CSR and ESG initiatives?
In this fascinating research, authors Tomas Casas and Martin Nerlinger review identified challenges in both academic and practitioner literature and proposes requirements for sustainability frameworks and measurements. The conclusion provides readers with "the implementation of the ideas developed with the publication of a report providing sustainable value creation ratings for a hundred global firms based on a self-assessment survey and highlights the relevance of this novel approach to conceiving and measuring sustainability for boards, management, and investors." (Casas & Nerlinger, 2022)
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Find out more about the quantitative and theoretical foundations for a sustainability framework!
