A case study of 67 Multinational Corporations based in Scandinavia
The purpose of this study was to introduce a combination of the two most adopted multi- stakeholder standards for sustainability reporting as an alternate framework for assessing sustainability performance in Scandinavian corporations. This novel approach leverages numeric measures on the criteria Strategies & Policies, Management Systems, Monitoring and Evaluation Mechanisms and Key Outcomes on sustainability defined broadly as the Human Rights, Labour, Environment and Anti-Corruption issues by the UN Global Compact. The study firmly concludes that Scandinavian corporations on average are not performing on higher levels concerning their implementation of these issues. The generalization of the results is moderated by the study's limitations concerning the framework and data sources used, sample size and the indirect use of GRI indicators. The uniqueness of the sustainability practice by two Danish and especially one Swedish corporation is highlighted, following their identification as superior performers across issues.
Ledelse and Erhvervsoekonomi, 2014, Vol 78, Issue 2, p. 7-36
Sustainability Performance; Multi-Stakeholder Standards; Sustainability Reporting; Sustainability Strategy; Performance Indicators; Best Practice