Mending the gap between CSR precedence and the UN SDG targets: Natural resources use, emissions, and firm performance

Alderman, Jillian, Harjoto, Maretno, Lee, Robert and Li, Qian ORCID: https://orcid.org/0000-0003-0827-2134 2020. Mending the gap between CSR precedence and the UN SDG targets: Natural resources use, emissions, and firm performance. Presented at: American Accounting Association Annual Meeting, Virtual, 7-13 August 2020. 10.26226/morressier.5f0c7d3058e581e69b05d06d

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Abstract

The United Nations has appealed for the sustainable development goals (SDG) to address global challenges such as climate change, natural resources use and environmental degradations. This study investigates the UN SDG for responsible consumption and production (reductions in energy use, water use, waste, and emissions) by examining how firms’ historical commitment to CSR, specifically in social and corporate governance related CSR, affects their ability to achieve these goals. We focus on UN SDG for responsible consumption and production since these goals are directly related to the firm-level strategic decisions and operational processes. Based on corporate sustainability culture literature, we argue that CSR precedence (past performance) represents the firms’ artifacts, espoused beliefs and core values (assumptions) that influence firms’ strategic choices on reducing natural resources use and emissions. Under the natural-resource-based view (NRBV) framework, we argue that firms’ responsible consumption and production would help to raise higher standards, gain social legitimacy, and increase innovations that bring a competitive advantage to higher future financial performance. Our study implies that firms with positive social and corporate governance precedence may have a greater chance of achieving the SDG targets for responsible consumption and production without sacrificing financial profits.

Item Type:	Conference or Workshop Item (Paper)
Status:	Unpublished
Schools:	Business (Including Economics)
Date of Acceptance:	2020
Last Modified:	25 Sep 2023 12:28
URI:	https://orca.cardiff.ac.uk/id/eprint/161955

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