Click here to download

Impact of sustainable development concept on changing business benchmarks
Journal Title: RIVISTA DI STUDI SULLA SOSTENIBILITA' 
Author/s: Marina Khabib, Marina Teplyakova, Miroslav Oblogin, Nikita Kishkin 
Year:  2021 Issue: Language: English 
Pages:  21 Pg. 43-63 FullText PDF:  268 KB
DOI:  10.3280/RISS2021-001004
(DOI is like a bar code for intellectual property: to have more infomation:  clicca qui   and here 


The purpose of this article is to identify strategic changes in Russian companies belonging to different industries, and to determine patterns in the transformation of domestic business benchmarks in accordance with the principles of sustainable development. The results showed that all companies underwent strategic changes related to strengthening social and environmental dimensions. From product and market diversification, companies have moved on to consolidating their own posi-tions, innovations, technological improvement to reduce the negative impact on the environment. As a result, by 2019 they have significantly increased the level of annual income. The results can be useful to enterprises when choosing the optimal strategy and tactics for development.
Keywords: economic development, corporate social responsibility, index of the Russian Union of Industrialists and Entrepreneurs (RUIE), innovations, sustaina-ble development, sustainable entrepreneurship.

  1. PwC Russia (2019a). Global Consumer Insights Survey 2019. -- Retrieved from https://www.pwc.ru/en/publications/consumer-insights-survey.html (Accessed 14 September 2020).
  2. ALROSA (2020). Annual and socio-environmental reports of ALROSA 2010-2019. -- Retrieved from http://www.alrosa.ru (Accessed 14 September 2020).
  3. Andronova I.V and Zavyalova E.B. (2019). Introduction of the principles of sustainable development in the activities of TNCs as a tool of competition. In: Economic Theory and Economic Practice: Global Challenges (pp. 192-197). Saint Petersburg: Saint Petersburg State University.
  4. Bansal P., Grewatsch S. and Sharma G. (2021). How COVID‐19 informs business sustainability research: It’s time for a systems perspective. Journal of Management Studies, 58(2): 602-606.
  5. Belousov K.Yu. (2013). Key areas of interpretation and the relationship between the concepts of sustainable development, corporate sustainability and corporate social responsibility. Problems of modern economy, 2(46): 51-54.
  6. Brundtland G.H., Khalid M., Agnelli S., Al-Athel S., Chidzero B.J.N.Y., Fadika L.M., Hauff V., Lang I., Ma S., Botero M.M., Singh N. (1987). Our common future; by world commission on environment and development. Oxford: Oxford University Press.
  7. Forbes (2019). Fifty best employers in Russia. -- Retrieved from https://www.forbes. ru/rating/387403-50-luchshih-rabotodateley-rossii-2019#all_rating (Accessed 14 September 2020).
  8. Gazprom (2019). Gazprom’s reporting for 2010-2019. -- Retrieved from https://www.gazprom.ru/investors/disclosure/reports/ (Accessed 14 September 2020).
  9. Gazprom (2020). Financial calendar of PJSC Gazprom 2010-2019. -- Retrieved from https://www.gazprom.ru/investors/financial-calendar/2020/ (Accessed 14 September 2020).
  10. Hamann R. (2017). Who takes responsibility for the informal settlements? Mining companies in South Africa and the challenge of local collaboration 1. In: Raufflet E. and Mills A.J., editors, The Dark Side (pp. 139-160). London: Routledge.
  11. Immacolata V. (2018). Agriculture, rural tourism and circular paradigm. Calitatea, 19(S1): 556-562.
  12. Internation Standard ISO 26000 (2010). Guidance on social responsibility. -- Retrieved from https://iso26000.info/wp-content/uploads/2017/06/ISO-26000_2010_E_OBPpages.pdf (Accessed 14 September 2020).
  13. Ipsos (2019). Ipsos Flair Russia 2020. Sustainable development consumers and brands searching for answers. -- Retrieved from https://www.ipsos.com/sites/default/files/ct/publication/documents/2019-12/ipsos_flair_russia_2020_0.pdf (Accessed 14 September 2020).
  14. Kannegiesser M. and Günther H. O. (2014). Sustainable development of global supply chains – part 1: sustainability optimization framework. Flexible Services and Manufacturing Journal, 26(1-2): 24-47.
  15. Katsuba S., Shestak V., Kvasnikova T. and Bokov Y. (2021). Liability for Violation of Environmental Legislation in the EU. European Energy and Environmental Law Review, 30(1): 9-19
  16. Kolk A. (2016). The social responsibility of international business: From ethics and the environment to CSR and sustainable development. Journal of World Business, 51(1): 23-34.
  17. Leach M., MacGregor H., Scoones I. and Wilkinson A. (2021). Post-pandemic transformations: How and why COVID-19 requires us to rethink development. World Development, 138: 105233.
  18. Lozano R., Nummert B. and Ceulemans K. (2016). Elucidating the relationship between sustainability reporting and organisational change management for sustainability. Journal of Cleaner Production, 125: 168-188.
  19. Lukinović M. and Jovanović L. (2019). Greenwashing – fake green/environmental marketing. Fundamental and applied researches in practice of leading scientific schools, 33(3): 15-17.
  20. McNeely J. A. (2021). Nature and COVID-19: The pandemic, the environment, and the way ahead. Ambio, 1-15.
  21. MTS (2020). MTS Sustainability Reports, 2008-2019. -- Retrieved from https://moskva.mts.ru/about/mts-dlya-obshhestva/novosti-i-otcheti/otchet-ustoychivogo-ra zvitiya. (Accessed 14 September 2020).
  22. MTS Group (2020). Financial results of MTS, 2010-2019. -- Retrieved from http://ir.mts.ru/investors/financial-center/financial-results/default.aspx (Accessed 14 September 2020).
  23. Nag news (2020). MTS operator became the second most powerful telecom brand in the world. -- Retrieved from https://nag.ru/news/newsline/106655/operator-mts-stal-vtoryim-po-sile-telekom-brendom-mira.html.
  24. PhosAgro (2020a). IFRS reporting PhosAgro, 2010-2019. -- Retrieved from https://www.phosagro.ru/investors/reports/msfo/ (Accessed 14 September 2020).
  25. PhosAgro (2020b). Sustainable development goals of PhosAgro. -- Retrieved from https://www.phosagro.ru (Accessed 14 September 2020).
  26. Pimonenko T., Bilan Y., Horák J., Starchenko L. and Gajda W. (2020). Green Brand of Companies and Greenwashing under Sustainable Development Goals. Sustainability, 12(4): 1679-1694.
  27. Porter M.E. (2003). CSR – a religion with too many priests. European Business Forum, 15(2): 41. Denmark: Copenhagen Business School.
  28. Porter M.E. and Kramer M.R. (2019). Creating shared value. In: Lenssen G. and Smith N., editors. Managing sustainable business (pp. 323-346). Dordrecht: Springer.
  29. PwC Russia (2019b). Sustainable development in the focus of the boards of directors. Survey of members of boards of directors of Russian companies. -- Retrieved from https://www.pwc.ru/ru/materials/pwc-board-survey-2019-russian.pdf (Accessed 14 September 2020).
  30. RAEX Rating Review (2019). -- Retrieved from https://raex-rr.com/database/contender/10005850 (Accessed 14 September 2020).
  31. RBC (2020). RBC rating 500, 2015-2019. -- Retrieved from https://www.rbc.ru/rbc500/ (Accessed 14 September 2020).
  32. Rodrigue, J.P., Slack, B. and Comtois, C. (2001). Green logistics (The paradoxes of). In: The handbook of logistics and supply-chain management, Handbooks in transport (pp. 339-350). London: Pergamon/Elsevier.
  33. Roshydromet (2017). Report on the peculiarities of the climate in the territory of the Russian Federation. -- Retrieved from http://www.meteorf.ru/press/news/13595/(Accessed 14 September 2020).
  34. Russian Union of Industrialists and Entrepreneurs (2020a). Responsibility, openness, effectiveness. ESP-indices of RSPP and stock ESG-indices of Mosbirzhi-RSPP. -- Retrieved from http://media.rspp.ru/document/1/8/b/8bc5ac4b5914eddd2eb4f34ee695d550.pdf (Accessed 14 September 2020).
  35. Russian Union of Industrialists and Entrepreneurs (2020b). Leaders of RSPP indices in the field of sustainable development 2017-2019. -- Retrieved from http://www.rspp.ru/activity/social/ (Accessed 14 September 2020).
  36. Safronchuk M.V. (2017). Corporate social responsibility through economic theory. Lomonosov readings. In: Porokhovsky A.A., editor, Potential of economic science for the development of Russia (pp. 48-51). Moscow: Economics Faculty of Moscow State University.
  37. Schaltegger S. and Wagner M. (2008). Types of sustainable entrepreneurship and conditions for sustainability innovation: from the administration of a technical challenge to the management of an entrepreneurial opportunity. In: Wüstenhagen R., Hamschmidt J., Sharma S. and Starik M., editors, Sustainable Innovation and Entrepreneurship (pp. 27-48). Cheltenham: Edward Elgar.
  38. Schmidt E. and Cohen J. (2013). The new digital age: Reshaping the future of people, nations and business. New York: Knopf.
  39. Seele P. and Lock I. (2017). The game-changing potential of digitalization for sustainability: possibilities, perils, and pathways. Sustainability Science, 12(2): 183-185.
  40. Seroka-Stolka O. (2014). The development of green logistics for implementation sustainable development strategy in companies. Procedia-Social and Behavioral Sciences, 151: 302-309.
  41. Starikova E.A. (2017). Modern approaches to the interpretation of the concept of sustainable development. Bulletin of the Russian University of Friendship of Peoples: Economics, 25(1): 7-17.
  42. United Nations (2015). Transforming our world: The 2030 agenda for sustainable development. New York: United Nations, Department of Economic and Social Affairs.
  43. United Nations Global Compact (2020). -- Retrieved from https://www.unglobalcompact.org/ (Accessed 14 September 2020).
  44. United Nations Secretary-General (2019). Deputy Secretary-General’s Opening Remarks to Informal briefing to Member States on the Decade of Action. -- Retrieved from https://www.un.org/sg/en/content/dsg/statement/2019-12-19/deputy-secretary-generals-opening-remarks-informal-briefing-member-states-the-decade-of-action-prepared-for-delivery (Accessed 14 September 2020).
  45. Woods M. (2003). The global reporting initiative. The CPA journal, 73(6): 60-67.
  46. Yang T.K. and Yan M.R. (2020). The Corporate Shared Value for Sustainable Development: An Ecosystem Perspective. Sustainability, 12(6): 2348-2371.

Marina Khabib, Marina Teplyakova, Miroslav Oblogin, Nikita Kishkin, in "RIVISTA DI STUDI SULLA SOSTENIBILITA'" 1/2021, pp. 43-63, DOI:10.3280/RISS2021-001004

   

FrancoAngeli is a member of Publishers International Linking Association a not for profit orgasnization wich runs the CrossRef service, enabing links to and from online scholarly content