Corporate Sustainability Practices: A Review on the Measurements, Relevant Problems and a Proposition

Mohammad Shahansha Molla; Dr. Yusnidah Bt Ibrahim; Dr. Zuaini Bt Ishak

Corporate Sustainability Practices: A Review on the Measurements, Relevant Problems and a Proposition

Mohammad Shahansha Molla * §

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Dr. Yusnidah Bt Ibrahim §

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Dr. Zuaini Bt Ishak §

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§ Universiti Utara Malaysia

Corporate Sustainability Practices: A Review on the Measurements, Relevant Problems and a Proposition

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Abstract

In recent years, corporate sustainability practices (CSP) or triple bottom line (TBL) is considered more important than just financial performance to the future success of business firms. Organizations are achieving significant benefits from incorporating sustainability in business. In addition to profit maximization, CSP is also considered to be a vital vehicle to reduce the corporate scandals. It is a common practice to engage in CSP by large companies in developed countries, but still, it is a controversial issue in developing countries. Moreover, given the critical role of CSP, government regulators are attaching more emphasis on such practices in business firms all over the world. Defining and measuring CSP is more than just an academic apprehension. In spite of nearly 50 years of previous research on sustainability, still, there is no certain standard for measuring CSP of an organization. The objectives of this article are to define CSP more clearly, discuss different techniques of measuring CSP and propose a new method for determining the CSP of firms following Bursa Malaysia Berhad reporting guideline-2015 which have been prepared according to Global Reporting Initiative (GRI) reporting framework.

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

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How to Cite This Article

Mohammad Shahansha Molla, Dr. Yusnidah Bt Ibrahim, Dr. Zuaini Bt Ishak. 2019. "Corporate Sustainability Practices: A Review on the Measurements, Relevant Problems and a Proposition". Global Journal of Management and Business Research - D: Accounting & Auditing GJMBR-D Volume 19 (GJMBR Volume 19 Issue D1).

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GJMBR Volume 19 Issue D1

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

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Classification

GJMBR-D Classification JEL Code: M41

Submission ReceivedDecember 10, 2018
Peer Review Double Blind
Handling Editor
Accepted January 5, 2019
Published January 15, 2019

Version of record

v1.2

Issue date

January 30, 2019

Language

English

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Article Matrices

Total Score: 113

Country: Malaysia

Subject: Global Journal of Management and Business Research - D: Accounting & Auditing

Authors: Mohammad Shahansha Molla, Dr. Yusnidah Bt Ibrahim, Dr. Zuaini Bt Ishak (PhD/Dr. count: 2)

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