Practical tools for measuring and monitoring sustainable innovation

Cristina Guimarães, José Duarte Santos and Fernando Almeida

Innovation and Green Development, 2024, vol. 3, issue 4

Abstract: Organizations assume a key role in the goal of achieving sustainable development and are influential elements on the path to sustainability. Allied with competitiveness, today, there is also a strategy based on sustainability, anchored in the concept of responsibility, minimizing the potential negative effects of our actions through innovative products, services, processes, and models. Measuring and monitoring these efforts is currently a challenge for organizations. This study adopts a mixed methods approach to address this challenge and identifies 13 tools and 16 dimensions that are central elements in the process of measuring and monitoring sustainable innovation. The findings indicate that the dimensions related to social and governance components are the most relevant in sustainable innovation, while inclusion and entrepreneurship are dimensions that are not highly valued by these tools.

Keywords: Sustainable innovation; Measuring; Monitoring; Agenda 2030; Sustainability (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ingrde:v:3:y:2024:i:4:s2949753124000493

DOI: 10.1016/j.igd.2024.100172

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