The Harmonization of Eco-efficiency Standards: An Analysis on the Energy Enterprises of the G7 Group and the Emerging E7 Countries

Andrey Bulgakov and Arseniy Krikunov ()

International Journal of Energy Economics and Policy, 2020, vol. 10, issue 2, 227-232

Abstract: Attempts are being made to harmonize the many standards of business practice that exist outside of financial reporting, but they are limited either to a single industry or to the views of individual researchers. In this article we have harmonized international standards of eco-efficiency, compiled on the basis of multi-stakeholder approach and tested the set of indicators developed for the energy companies of the Group of Seven (G7) and the Emerging Seven (E7). We analyzed the non-financial reports of 56 companies from the global reporting initiative database for the period 2015-2016 and plotted the decoupling of value added and environmental pollution. The study found that G7 energy companies do not adhere to the concept of sustainable development, while for E7 companies there is an absolute decoupling except for greenhouse gas emissions. We come to conclusion that socially responsible companies are able to gain competitive advantages in the framework of sustainable development, provided the transparency of business.

Keywords: standards harmonization; eco-efficiency; sustainable development; decoupling (search for similar items in EconPapers)
JEL-codes: O13 Q01 Q52 Q56 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.econjournals.com/index.php/ijeep/article/download/9065/4888 (application/pdf)
https://www.econjournals.com/index.php/ijeep/article/view/9065/4888 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2020-02-28

Access Statistics for this article

International Journal of Energy Economics and Policy is currently edited by Ilhan Ozturk

More articles in International Journal of Energy Economics and Policy from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk ().