Covid-19 Pandemic – A New Aspect of Social Sustainability

Maria-Alina Caratas (), Elena-Cerasela Spătariu () and Gabriela Gheorghiu ()
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Maria-Alina Caratas: The Bucharest University of Economic Studies
Elena-Cerasela Spătariu: “Ovidius†University of Constanta
Gabriela Gheorghiu: “Ovidius†University of Constanta

Ovidius University Annals, Economic Sciences Series, 2021, vol. XXI, issue 1, 478-484

Abstract: Since the financial crisis recovery scholarly approaches on sustainability have intensified. Organizations feel pressure from various sources to adopt practices of social sustainability. Stakeholders are interested in not only the performance of companies but also in processes and structures that are implemented to back up the performance. Covid-19 became a great global concern impacting environmental and social sustainability together with life quality. In this context, the aim of present research is to understand the impact of the pandemic on social responsibility. The methods used are the review of published literature and policy work and qualitative analysis of annual reports and sustainability reports of the biggest company in energy from Eastern Europe - OMV Petrom, two listed Romanian banks – Banca Transilvania and BRD GSG and one international listed Bank Erste Group Bank. The conclusions of the study can serve professionals and stakeholders who lead social sustainability research in this field and open the path for more extensive research in the future.

Keywords: Corporate Governance; COVID-19; Social Sustainability; CSR (Corporate Social Responsibility); ESG (Environmental; Social and Corporate Governance) (search for similar items in EconPapers)
JEL-codes: G34 M14 Q01 Q56 (search for similar items in EconPapers)
Date: 2021
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