Sustainable Development Assessment of Organizations through Quantitative Modelling

Dimitrios Bouras () and Styliani (Stella) Sofianopoulou
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Dimitrios Bouras: Department of Industrial Management & Technology, School of Maritime and Industrial Studies, University of Piraeus, 18534 Piraeus, Greece
Styliani (Stella) Sofianopoulou: Department of Industrial Management & Technology, School of Maritime and Industrial Studies, University of Piraeus, 18534 Piraeus, Greece

Sustainability, 2023, vol. 15, issue 11, 1-21

Abstract: The “United Nations (UN) 2030 Agenda for Sustainable Development” is calling on businesses to apply their creativity and innovation initiatives to tackle sustainable development challenges. In this respect, this study intends to propose a sustainability model for business use. The proposed model will facilitate businesses in selecting the appropriate Sustainable Development Goal (SDG) indicators, highlight potential sustainability “gaps” and emphasize the related best practices. For the development of the sustainability model, we used some basic economic principles (e.g., cost minimization, risk theory, etc.), a sustainability survey and a statistical study based on EU data. As a result, a quantitative model for the sustainable development assessment of organizations to formulate appropriate decision-making policies is proposed. The model was tested in a real-world context as a case study that was carried out at the Greek Atomic Energy Commission.

Keywords: Sustainable Development Goals; SDGs; sustainability; sustainable development; SDG indicators; sustainability reporting (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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