The role of sustainability dimensions in the value creation process has attracted considerable interest in the scientific academic world in the last two decades. The 2030 Agenda, which fixed the sustainable goals (SDGs) to safeguard our planet, highlighted the fundamental role of sustainability issues. In this context, companies around the world need to integrate their strategies with environmental, social, and economic dimensions. However, sustainability aspects are often not linked to company strategies, and there has been growing difficulty in measuring sustainable development by adopting an appropriate set of key performance indicators (KPIs). Accordingly, the aim of this study is as follows: (1) to identify the suitable KPIs that affect company performance, based on the literature and management practices, and (2) to propose a new perspective on a way to integrate sustainability issues in company strategies. Based on a systematic procedure, we obtained 82 papers that focus on KPIs related to sustainability issues. Following a review of papers and a survey conducted with Italian managers, we developed a sustainability perspective by selecting the most appropriate KPI system for each of the dimensions discussed. The proposed model suggests that incorporating sustainability dimensions within corporate strategy would allow strategic alignment in order to gain competitive advantage and therefore create sustainability value. Keywords: sustainability; SBSC; performance management; key performance indicators

Chirico, A., Hristov, I. (2019). The Role of Sustainability Key Performance Indicators (KPIs) in Implementing Sustainable Strategies. SUSTAINABILITY, 11, 1-19 [10.3390/su11205742].

The Role of Sustainability Key Performance Indicators (KPIs) in Implementing Sustainable Strategies

Chirico, A;Hristov, I
2019-10-17

Abstract

The role of sustainability dimensions in the value creation process has attracted considerable interest in the scientific academic world in the last two decades. The 2030 Agenda, which fixed the sustainable goals (SDGs) to safeguard our planet, highlighted the fundamental role of sustainability issues. In this context, companies around the world need to integrate their strategies with environmental, social, and economic dimensions. However, sustainability aspects are often not linked to company strategies, and there has been growing difficulty in measuring sustainable development by adopting an appropriate set of key performance indicators (KPIs). Accordingly, the aim of this study is as follows: (1) to identify the suitable KPIs that affect company performance, based on the literature and management practices, and (2) to propose a new perspective on a way to integrate sustainability issues in company strategies. Based on a systematic procedure, we obtained 82 papers that focus on KPIs related to sustainability issues. Following a review of papers and a survey conducted with Italian managers, we developed a sustainability perspective by selecting the most appropriate KPI system for each of the dimensions discussed. The proposed model suggests that incorporating sustainability dimensions within corporate strategy would allow strategic alignment in order to gain competitive advantage and therefore create sustainability value. Keywords: sustainability; SBSC; performance management; key performance indicators
17-ott-2019
Pubblicato
Rilevanza internazionale
Articolo
Esperti anonimi
Settore SECS-P/07 - ECONOMIA AZIENDALE
English
Keywords: sustainability; SBSC; performance management; key performance indicators
https://www.mdpi.com/2071-1050/11/20/5742/htm
Chirico, A., Hristov, I. (2019). The Role of Sustainability Key Performance Indicators (KPIs) in Implementing Sustainable Strategies. SUSTAINABILITY, 11, 1-19 [10.3390/su11205742].
Chirico, A; Hristov, I
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/2108/246429
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