Reviewing Sustainability Measurement Methods for Enterprises

Milena Serzante () and Anastasiia Khudozhnyk
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Milena Serzante: Department of Economics Engineering, Faculty of Business Management, Vilnius Gediminas Technical University, 10223 Vilnius, Lithuania
Anastasiia Khudozhnyk: Department of Economics Engineering, Faculty of Business Management, Vilnius Gediminas Technical University, 10223 Vilnius, Lithuania

Sustainability, 2023, vol. 15, issue 21, 1-14

Abstract: This study aimed to identify the most appropriate sustainable evaluation methods for enterprises. To achieve this goal, a literature review has been conducted in order to identify methods for measuring sustainability. The revealed results and further recommendations for future research on this particular topic are then summarised. This research examines various methods of assessing sustainability in enterprises, determines the most widely used techniques, and analyses previous studies on sustainability assessment. The researchers employed a comprehensive literature review methodology to identify methods for measuring sustainability in enterprises. Through a review of more than 40 thousand articles, focussing on the most relevant, this study found a clear trend toward more comprehensive and integrated approaches to measuring sustainability, emphasising the importance of taking into account economic, social, and environmental factors. This research revealed that Asia and Europe were the regions that have been most studied, with a focus on the secondary sector of enterprises. The results of this study are of significant value for measuring the sustainability of an enterprise. This study provides valuable implications, which offer optimised suggestions of the appropriate methodology for companies and academics to select the most suitable sustainability evaluation methods for companies. These results are also a valuable part of the future work of this research, whose main idea is to evaluate the impact of sustainable actions of enterprises on the level of economic development in a country or region.

Keywords: sustainability; methodology review; sustainability evaluation; evaluating methods; sustainable enterprises (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
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