Green Balanced Scorecard: A Tool of Sustainable Information Systems for an Energy Efficient Business

Eirini Stavropoulou, Konstantinos Spinthiropoulos, Konstantina Ragazou (), Christos Papademetriou and Ioannis Passas
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Eirini Stavropoulou: Department of Management Science and Technology, University of Western Macedonia, GR50100 Kozani, Greece
Konstantinos Spinthiropoulos: Department of Management Science and Technology, University of Western Macedonia, GR50100 Kozani, Greece
Konstantina Ragazou: Department of Accounting and Finance, University of Western Macedonia, GR50100 Kozani, Greece
Christos Papademetriou: Department of Economics and Business, Neapolis University Pafos, Pafos 8042, Cyprus
Ioannis Passas: Department of Business Administration and Tourism, Hellenic Mediterranean University, GR71410 Heraklion, Greece

Energies, 2023, vol. 16, issue 18, 1-18

Abstract: A green balanced scorecard allows businesses to monitor their environmental progress and energy use, as well as quantify their achievements toward decreasing their ecological footprint. The scope of the current research is twofold: (i) to highlight the new sustainable profile of the Balanced Scorecard; and (ii) to investigate the contribution of the Sustainable Balanced Scorecard to the achievement of the energy efficiency and environmental goals of businesses. The present research study applies the rigorous bibliometric analysis technique and the PRISMA method for the years 2011–2023 to investigate the most popular research sources and documents, where the most frequently used keywords and research trends are utilized to answer the research question. In addition, findings from the network, content, and cluster analyses were visualized with the use of the bibliometric tools of Biblioshiny and VOSviewer. The results of the study indicate that businesses have made it a priority to build an energy-efficient management system based on the Sustainable Balanced Scorecard, which will help them achieve their organization’s environmental strategic goals. Moreover, a new era in the Sustainable Balanced Scorecard, that of the Contact Balanced Scorecard, has started emerging in the field. This article explains how the Sustainable Balanced Scorecard benefits organizations by enabling them to enhance their performance on both the economic and social fronts as well as the environmental front. Finally, by employing strategic evaluation methods like the Sustainable Balanced Scorecard to analyze organizations’ sustainability performance, the present study effort supports the sustainable growth of enterprises.

Keywords: business; energy management system; energy efficiency; environmental footprint; sustainable balance scorecard; sustainable continuity (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (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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