Why social sustainability counts: The impact of corporate social sustainability culture on financial success
Artikel i vetenskaplig tidskrift, 2019

Awareness is growing in European companies of the importance of managing all aspects of sustainability. However, the elusive social aspect of sustainability and its influence on successful business has been under-investigated in corporate culture literature so far. The aim of this paper is to examine whether a correlation can be found between corporate social sustainability culture (expressed as explicit ‘‘items’’ of corporate values and practices emphasizing employee and societal well-being) and the financial success of a company. This is examined through a multiple regression analysis of two contrasting European polls, examining items indicating corporate social sustainability culture, and financial outcomes. The empirical results show that four specific success-related social sustainability dimensions of corporate culture are predictors of a company being classified as financially successful. These are: Sustainability strategy and leadership; Mission, communication and learning; Social care and work life; and Loyalty and identification. The paper contributes to the understanding of how to manage corporate social sustainability culture whilst supporting companies’ financial performance, and provides evidence-grounded recommendations to business managers and stakeholders aiming to manage social sustainability proactively by undertaking cultural change and development initiatives.

corporate sustainability

success factors

sustainability

social sustainability

corporate culture

financial performance

Författare

Gregor Schönborn

Organisation okänd

Cecilia Berlin

Chalmers, Industri- och materialvetenskap, Produktionssystem

Marta Pinzone

Organisation okänd

Christoph Hanisch

Organisation okänd

Konstantinos Georgoulias

Organisation okänd

Minna Lanz

Organisation okänd

Sustainable Production and Consumption

2352-5509 (eISSN)

Vol. 17 1-10

Socially sustainable manufacturing for the Factories of the Future (SO SMART)

Europeiska kommissionen (FP7), 2013-09-01 -- 2015-02-28.

Drivkrafter

Hållbar utveckling

Ämneskategorier

Arbetslivsstudier

Tvärvetenskapliga studier

Kulturstudier

Företagsekonomi

Styrkeområden

Produktion

DOI

10.1016/j.spc.2018.08.008

Mer information

Senast uppdaterat

2018-09-24