Managing for stakeholders towards corporate environmental sustainability

Helna Almeida de Araujo Góes, Ghulam Fatima, Ronaldo de Oliveira Santos Jhunior and João Maurício Gama Boaventura

Corporate Social Responsibility and Environmental Management, 2023, vol. 30, issue 4, 1561-1572

Abstract: The purpose of this paper is to clarify the relationship between the managing for stakeholders approach and corporate environmental sustainability. Focused on the debates on the impacts that organizations and their stakeholders have on society's welfare, our conceptual paper proposes a rationale addressing the question: In what ways does managing for stakeholders may influence corporate environmental sustainability? To this end, we analyze previous literature on managing stakeholders focused on how firms address stakeholders' environmental concerns and previous literature on corporate sustainability focused on managing stakeholders' expectations. There is a fit between adopting a managing for stakeholders approach and encouraging firms to become more environmentally sustainable. Furthermore, our rationale argues that this approach may also influence firms to build closer relationships with stakeholders by adopting transparent practices and proactive environmental strategies, impacting synergic value creation, stakeholder engagement, and overall performance. Finally, we argue for a novel approach to link managing for stakeholders and corporate sustainability while suggesting propositions for future investigation and implications for practitioners.

Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://doi.org/10.1002/csr.2448

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:wly:corsem:v:30:y:2023:i:4:p:1561-1572

Access Statistics for this article

More articles in Corporate Social Responsibility and Environmental Management from John Wiley & Sons
Bibliographic data for series maintained by Wiley Content Delivery ().