This study delineates between sustainable development, an established idea, and sustainability management, an emerging discipline. Theoretical and practical sustainable development is said to call for a sustainability management viewpoint that emphasizes safeguarding both man-made and natural assets. Management of sustainability comprises all of the actions and steps that must be taken to realize the goal of sustainable development. Last but not least, sustainability management is essential for improving environmental and corporate governance mechanisms that work to ensure that all people, both now and in the future, have access to the world’s man-made and natural assets. The study also highlights the importance of developing a sustainability management strategy to guide human actions across the political, economic, social, technological, and legal domains toward long-term sustainability.
References
[1]
Ayres, R. U., Van Den Bergh, J. C. J. M., & Gowdy, J. M. (2001). Strong versus Weak Sustainability: Economics, Natural Sciences, and “Consilience.” Environmental Ethics, 23, 155-168. https://doi.org/10.5840/enviroethics200123225
[2]
Bansal, P., & Song, H. C. (2017). Similar but Not the Same: Differentiating Corporate Sustainability from Corporate Responsibility. Academy of Management Annals, 11, 105-149. https://doi.org/10.5465/annals.2015.0095
[3]
Bennett, N. J., & Satterfield, T. (2018). Environmental Governance: A Practical Framework to Guide Design, Evaluation, and Analysis. Conservation Letters, 11, e12600. https://doi.org/10.1111/conl.12600
[4]
Billedeau, D. B., & Wilson, J. (2021). COVID-19 and Corporate Social Responsibility: A Canadian Perspective. In W. Leal Filho (Ed.), COVID-19: Paving the Way for a More Sustainable World (pp. 23-41). Springer. https://doi.org/10.1007/978-3-030-69284-1_2
[5]
Brundtland, G. H. (1987). Report of the World Commission on Environment and Development: Our Common Future. United Nations General Assembly Document A/42/427. http://www.un-documents.net/wced-ocf.htm
[6]
Burch, S., Shaw, A., Dale, A., & Robinson, J. (2014). Triggering Transformative Change: A Development Path Approach to Climate Change Response in Communities. Climate Policy, 14, 467-487. https://doi.org/10.1080/14693062.2014.876342
[7]
Burroughs, W. J. (2001). Climate Change: A Multidisciplinary Approach. Cambridge University Press. https://doi.org/10.1017/CBO9781139163989
[8]
Chan, S., Boran, I., van Asselt, H., Iacobuta, G., Niles, N., Rietig, K. et al. (2019). Promises and Risks of Nonstate Action in Climate and Sustainability Governance. Wiley Interdisciplinary Reviews: Climate Change, 10, e572. https://doi.org/10.1002/wcc.572
[9]
Chertow, M. R. (2000). The IPAT Equation and Its Variants: Changing Views of Technology and Environmental Impact. Journal of Industrial Ecology, 4, 13-29. https://doi.org/10.1162/10881980052541927
[10]
Costanza, R. (1989). What Is Ecological Economics? Ecological Economics, 1, 1-7. https://doi.org/10.1016/0921-8009(89)90020-7
[11]
Costanza, R., Daly, H., Folke, C., Hawken, P., Holling, C. S., & McMichael, A. J. (2000). Managing Our Environmental Portfolio. BioScience, 50, 149-155. https://doi.org/10.1641/0006-3568(2000)050[0149:MOEP]2.3.CO;2
[12]
Dahlsrud, A. (2008). How Corporate Social Responsibility is Defined: An Analysis of 37 Definitions. Corporate Social Responsibility and Environmental Management, 15, 1-13. https://doi.org/10.1002/csr.132
[13]
Delmas, M. A., & Burbano, V. C. (2011). The Drivers of Greenwashing. California Management Review, 54, 64-87. https://doi.org/10.1525/cmr.2011.54.1.64
[14]
Dietz, S., & Neumayer, E. (2007). Weak and Strong Sustainability in the SEEA: Concepts and Measurement. Ecological Economics, 61, 617-626. https://doi.org/10.1016/j.ecolecon.2006.09.007
[15]
Dietz, T., Ostrom, E., & Stern, P. (2017). The Struggle to Govern the Commons. In P. M. Haas (Ed.), International Environmental Governance (pp. 53-58). Routledge. https://doi.org/10.4324/9781315092546-4
[16]
Donaldson, T., & Preston, L. E. (1995). The Stakeholder Theory of the Corporation: Concepts, Evidence, and Implications. Academy of Management Review, 20, 65-91. https://doi.org/10.5465/amr.1995.9503271992
[17]
Emetumah, F. (2017). Modern Perspectives on Environmentalism: Ecocentrism and Technocentrism in the Nigerian Context. Asian Research Journal of Arts & Social Sciences, 2, 1-9. https://doi.org/10.9734/ARJASS/2017/32821
[18]
Folke, C., Hahn, T., Olsson, P., & Norberg, J. (2005). Adaptive Governance of Social-Ecological Systems. Annual Review of Environment and Resources, 30, 441-473. https://doi.org/10.1146/annurev.energy.30.050504.144511
[19]
Folke, C., Jansson, A., Rockstrom, J., Olsson, P., Carpenter, S. R., Stuart Chapin, F. et al. (2011). Reconnecting to the Biosphere. AMBIO, 40, 719-738. https://doi.org/10.1007/s13280-011-0184-y
[20]
Fukuyama, F. (2013). What Is Governance? Governance, 26, 347-368. https://doi.org/10.1111/gove.12035
[21]
GFW (n.d.). Global Forest Watch. https://www.globalforestwatch.org/
[22]
Gibbs, D., & O’Neill, K. (2017). Future Green Economies and Regional Development: A Research Agenda. Regional Studies, 51, 161-173. https://doi.org/10.1080/00343404.2016.1255719
[23]
Gibson, R. B. (2009). Beyond the Pillars: Sustainability Assessment as a Framework for Effective Integration of Social, Economic and Ecological Considerations in Significant Decision-Making. Tools, Techniques and Approaches for Sustainability, 8, 389-410. https://doi.org/10.1142/9789814289696_0018
[24]
Gladwin, T. N., Kennelly, J., & Krause, T.-S. (1995). Shifting Paradigms for Sustainable Development: Implications for Management Theory. Academy of Management Review, 20, 874-907. https://doi.org/10.2307/258959
[25]
Gray, R. (2010). Is Accounting for Sustainability Actually Accounting for Sustainability…and How Would We Know? An Exploration of Narratives of Organisations and the Planet. Accounting, Organizations and Society, 35, 47-62. https://doi.org/10.1016/j.aos.2009.04.006
[26]
Hammer, J., & Pivo, G. (2017). The Triple Bottom Line and Sustainable Economic Development Theory and Practice. Economic Development Quarterly, 31, 25-36. https://doi.org/10.1177/0891242416674808
[27]
Hardin, G. (1968). The Tragedy of the Commons. Science, 162, 1243-1248. https://doi.org/10.1126/science.162.3859.1243
[28]
Hawkins, T. R., Singh, B., Majeau-Bettez, G., & Stromman, A. H. (2013). Comparative Environmental Life Cycle Assessment of Conventional and Electric Vehicles. Journal of Industrial Ecology, 17, 53-64. https://doi.org/10.1111/j.1530-9290.2012.00532.x
[29]
Hertwich, E. G. (2005). Consumption and the Rebound Effect: An Industrial Ecology Perspective. Journal of Industrial Ecology, 9, 85-98. https://doi.org/10.1162/1088198054084635
[30]
Herzberg, R. Q. (2020). Elinor Ostrom’s Governing the Commons: Institutional Diversity, Self-Governance, and Tragedy Diverted. The Independent Review, 24, 627-636.
[31]
Hsiang, S., & Kopp, R. E. (2018). An Economist’s Guide to Climate Change Science. Journal of Economic Perspectives, 32, 3-32. https://doi.org/10.1257/jep.32.4.3
[32]
Illge, L., & Schwarze, R. (2006). A Matter of Opinion: How Ecological and Neoclassical Environmental Economists Think about Sustainability and Economics. DIW Discussion Papers, No. 619. Deutsches Institut für Wirtschaftsforschung (DIW).
[33]
Ivanova, D., Stadler, K., Steen-Olsen, K., Wood, R., Vita, G., Tukker, A., & Hertwich, E. G. (2016). Environmental Impact Assessment of Household Consumption. Journal of Industrial Ecology, 20, 526-536. https://doi.org/10.1111/jiec.12371
[34]
Jabareen, Y. (2008). A New Conceptual Framework for Sustainable Development. Environment, Development and Sustainability, 10, 179-192. https://doi.org/10.1007/s10668-006-9058-z
[35]
Kates, R. W., Parris, T. M., & Leiserowitz, A. A. (2005). What Is Sustainable Development? Goals, Indicators, Values, and Practice. Environment, 47, 8-21. https://doi.org/10.1080/00139157.2005.10524444
[36]
Monga, V. (2021). What Is the Keystone XL Pipeline and Why Did President Biden Issue an Executive Order to Block It? The Wall Street Journal. https://www.wsj.com/articles/what-is-the-keystone-xl-pipeline-and-why-did-president-biden-issue-an-executive-order-to-block-it-11611240342
[37]
Monks, R. A. G., & Minow, N. (2011). Corporate Governance (5th ed.). John Wiley & Sons. https://doi.org/10.1002/9781119207238
[38]
Nilsson, M., Griggs, D., & Visbeck, M. (2016). Policy: Map the Interactions between Sustainable Development Goals. Nature, 534, 320-322. https://doi.org/10.1038/534320a
[39]
Olson, M. (1965). The Logic of Collective Action: Public Goods and the Theory of Groups. Harvard University Press.
[40]
Oreskes, N., & Conway, E. M. (2015). Merchants of Doubt: How a Handful of Scientists Obscured the Truth on Issues from Tobacco Smoke to Global Warming. Bloomsbury Publishing USA.
[41]
Ostrom, E. (2015). Governing the Commons: The Evolution of Institutions for Collective action. Cambridge University Press. https://doi.org/10.1017/CBO9781316423936
[42]
Pearce, D., Groom, B., Hepburn, C., & Koundouri, P. (2003). Valuing the Future. World Economy, 4, 121-141.
[43]
Pelenc, J., & Ballet, J. (2015). Weak Sustainability versus Strong Sustainability (pp. 1-4). Brief for GSDR 2015. United Nations (UN), 2005. https://sdgs.un.org/sites/default/files/documents/6569122-PelencWeak%2520Sustainability%2520versus%2520Strong%2520Sustainability.pdf
[44]
Porter, M. E., & Kramer, M. R. (2006). Strategy & Society: The Link between Competitive Advantage and Corporate Social Responsibility. Harvard Business Review, 84, 78-92.
[45]
Porter, M., & Kramer, M. (2011). Creating Shared Value: How to Reinvent Capitalism—and Unleash a Wave of Innovation and Growth. Harvard Business Review, 62-77. http://web.a.ebscohost.com
[46]
Richardson, B. J. (2011). Sovereign Wealth Funds and the Quest for Sustainability: Insights from Norway and New Zealand. Nordic Journal of Commercial Law, 2, 1-27.
[47]
Rittel, H. W. J., & Webber, M. M. (1973). Dilemmas in a General Theory of Planning. Policy Sciences, 4, 155-169. https://doi.org/10.1007/BF01405730
[48]
Schandl, H., Hatfield-Dodds, S., Wiedmann, T., Geschke, A., Cai, Y., West, J. et al. (2016). Decoupling Global Environmental Pressure and Economic Growth: Scenarios for Energy Use, Materials Use and Carbon Emissions. Journal of Cleaner Production, 132, 45-56. https://doi.org/10.1016/j.jclepro.2015.06.100
[49]
Seyfang, G. (2009). The New Economics of Sustainable Consumption: Seeds of Change. Palgrave Macmillan. https://doi.org/10.1057/9780230234505
[50]
Sikka, P. (2010). Smoke and Mirrors: Corporate Social Responsibility and Tax Avoidance. Accounting Forum, 34, 153-168. https://doi.org/10.1016/j.accfor.2010.05.002
[51]
Smil, V. (2017). Energy and Civilization: A History. MIT Press. https://doi.org/10.7551/mitpress/9780262035774.001.0001
[52]
Spaargaren, G., & Mol, A. P. J. (2013). Carbon Flows, Carbon Markets, and Low-Carbon lifestyles: Reflecting on the Role of Markets in Climategovernance. Environmental Politics, 22, 174-193. https://doi.org/10.1080/09644016.2013.755840
[53]
Stafford-Smith, M., Griggs, D., Gaffney, O., Ullah, F., Reyers, B., Kanie, N. et al. (2017). Integration: The Key to Implementing the Sustainable Development Goals. Sustainability Science, 12, 911-919. https://doi.org/10.1007/s11625-016-0383-3
[54]
Starik, M., & Kanashiro, P. (2013). Toward a Theory of Sustainability Management: Uncovering and Integrating the Nearly Obvious. Organization and Environment, 26, 7-30. https://doi.org/10.1177/1086026612474958
[55]
Steffen, W., Richardson, K., Rockstrom, J., Cornell, S. E., Fetzer, I., Bennett, E. M. et al. (2015). Planetary Boundaries: Guiding Human Development on a Changing Planet. Science, 347, Article ID: 1259855. https://doi.org/10.1126/science.1259855
[56]
Steffen, W., Rockstrom, J., Richardson, K., Lenton, T. M., Folke, C., Liverman, D. et al. (2018). Trajectories of the Earth System in the Anthropocene. Proceedings of the National Academy of Sciences of the United States of America, 115, 8252-8259. https://doi.org/10.1073/pnas.1810141115
[57]
United Nations (n.d.). THE SDGS IN ACTION—What Are the Sustainable Development Goals? https://www.undp.org/sustainable-development-goals
[58]
United Nations Office for Sustainable Development (2020). The SDG Partnership Guidebook: A Practical Guide to Building High Impact Multi-Stakeholder Partnerships for the Sustainable Development Goals. https://sustainabledevelopment.un.org/content/documents/2698SDG_Partnership_Guidebook_1.01_web.pdf
[59]
Van der Byl, C. A., & Slawinski, N. (2015). Embracing Tensions in Corporate Sustainability: A Review of Research from Win-Wins and Trade-Offs to Paradoxes and Beyond. Organization & Environment, 28, 54-79. https://doi.org/10.1177/1086026615575047
[60]
van der Ven, H., Rothacker, C., & Cashore, B. (2018). Do Eco-Labels Prevent Deforestation? Lessons From Non-State Market Driven Governance in the Soy, Palm Oil, and Cocoa Sectors. Global Environmental Change, 52, 141-151. https://doi.org/10.1016/j.gloenvcha.2018.07.002
[61]
Vorosmarty, C. J., McIntyre, P. B., Gessner, M. O., Dudgeon, D., Prusevich, A., Green, P. et al. (2010). Global Threats to Human Water Security and River Biodiversity. Nature, 467, 555-561. https://doi.org/10.1038/nature09440
[62]
Wang, R., Moreno-Cruz, J., & Caldeira, K. (2017). Will the Use of a Carbon Tax for Revenue Generation Produce an Incentive to Continue Carbon Emissions? Environmental Research Letters, 12, Article ID: 064001. https://doi.org/10.1088/1748-9326/aa6e8a
[63]
Westley, F., Olsson, P., Folke, C., Homer-Dixon, T., Vredenburg, H., Loorbach, D. et al. (2011). Tipping Toward Sustainability: Emerging Pathways of Transformation. AMBIO, 40, 762-780. https://doi.org/10.1007/s13280-011-0186-9
