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Implementation of the green governance concept and green management practices in corporations of EBRD regions - selected issues

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EN
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EN
Purpose: The purpose of the paper is to identify the level of involvement of the corporations of the EBRD regions in the implementation of the concept of sustainable development, and to evaluate the applied solutions in the field of green management. Design/methodology/approach: The research methods used in the paper include the review of Polish and foreign literature, and the analysis of data from secondary sources. The desk research analysis was conducted on the basis of numerical information contained in the publication entitled "Transition Report 2019-20" and presented on the website of The European Bank for Reconstruction and Development (EBRD). Findings: The result of the conducted research include the indication of the corporations in the countries of the EBRD regions that are leaders in the field of green governance and green management, and identification of factors and the extent to which they have an impact on the implementation of sustainable development postulates. Research limitations/implications: The presented findings encourage further research to determine the causes of drastic differences in the field of green governance and green management in the studied corporations of the EBRD regions and the possibility of limiting them. Practical implications: The analysis and evaluation of the implementation of the main practices of green management in the corporations of the EBRD regions allow to identify leaders in this area and apply the model of their operation (benchmarking) to improve the position of the organizations that show deficits. Social implications: The use of the presented data, analyses and conclusions should imply further actions and strategies in enterprises necessary to implement the concept of sustainable development. Originality/value: The paper synthetically presents the significance of the concept of green governance and the application of green management practices by corporations from the EBRD regions.
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369--381
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Bibliogr. 22 poz.
Bibliografia
  • 1. Bogacz-Miętka, O. (2011). Kompendium wiedzy o nadzorze i kontroli nad przedsiębiorstwem [Compendium of knowledge about governance and control over a company], Warszawa: CeDeWu, p. 27.
  • 2. Brucal, A., Javorcik, B., Love, I. (2019). Good for the environment, good for business: Foreign acquisitions and energy intensity. Journal of International Economics, vol. 121.
  • 3. Cai, X., Lu, Y., Wu, M., Yu, L. (2016). Does environmental regulation drive away inbound foreign direct investment? Evidence from a quasi-natural experiment in China. Journal of Development Economics, Vol. 123, pp. 73-85.
  • 4. Crowther, D., Seifi, S. (2011). Corporate Governance and International Business. Ventus Publishing Aps., pp. 10-11.
  • 5. Green Paper (2011). The EU corporate governance framework. Brussels, 5.4.2011COM(2011) 164 final. p. 2.
  • 6. Grudzewski, W.M., Hejduk, I.K., Sankowska, A., Wańtuchowicz, M. (2010). Sustainability w biznesie, czyli przedsiębiorstwo przyszłości. Zmiany paradygmatów i koncepcji zarządzania [Sustainability in business, i.e. a company of the future. Change in paradigms and concepts of management]. Warszawa: Poltex, p. 271 and following.
  • 7. Jones, C., Hesterly, W.S., Borgatti, S.P., General, A. (1997). Theory of Network Governance: Exchange Conditions and Social Mechanism. Academy of Management Review, no. 22, pp. 911-945.
  • 8. Kim, K., Nofsinger, J., Mohr, D. (2010). Corporate Governance. New Jersey: Pearson Hall, p. 173.
  • 9. Kirkpatrick, G. (2009). The Corporate Governance Lessons from the Financial Crisis, OECD, http://www.oecd.org/finance/financial-markets/42229620.pdf, 12.08.2020.
  • 10. Li, W.A., Li, Y.J., Shi, D. (2016). Theoretical research on supply chain governance: Concept, intention, and normative analysis framework. Nankai Business Review, No. 19, pp. 4-15.
  • 11. Loknath, Y., Azeem, B.A. (2017). Green Management-Concept and Strategies. National Conference on Marketing and Sustainable Development, October 13-14, pp. 692-693.
  • 12. Marcinkowska, M. (2006). Władztwo korporacyjne w kontekście społecznej odpowiedzialności przedsiębiorstwa [Corporate governance in the context of corporate social responsibility]. In: S. Rudolf (ed.), Tendencje zmian w nadzorze korporacyjnym [Trends of changes in corporate governance (pp. 409-428). Łódź: Wydawnictwo UŁ.
  • 13. Martin, R., Muűls, M., de Preux, L., Wagner, U. (2012). Anatomy of a paradox: Management practices, organizational structure and energy efficiency. Journal of Environmental Economics and Management, Vol. 63, pp. 208-223.
  • 14. OECD (2015). G20/OECD Principles of Corporate Governance. Paris: OECD Publishing, p. 9, http://dx.doi.org/10.1787/9789264236882-en, 02.08.2020.
  • 15. Peng, Y., Lin, S. (2008). Local Responsiveness Pressure, Subsidiary Resources, Green Management Adoption, and Subsidiaries‘ Performance: Evidence from Taiwanese Manufacturers. Journal of Business Ethics, 79(1/2), pp. 199-212.
  • 16. Post, C., Rahman, N., Rubow, E. (2011). Green governance: Boards of directors’ composition and environmental corporate social responsibility. Business and Society, 50(10), pp. 189-223.
  • 17. Schwerk, A. (2008). Strategisches gesellschaftliches Engagementund gute Corporate Governance. In: H. Backhaus-Maul, Ch. Biedermann, S. Näahrlich, J. Polterauer (eds.), Corporate Citizenship in Deutschland, Bilanz und Perspektiven (pp. 121-145). Wiesbaden: VS Verlag für Sozialwissenschaften, GWV Fachverlage GmbH.
  • 18. Shleifer, A., Vishny, R.W. (1997). A Survey of Corporate Governance. Journal of Finance, vol. 52, no. 2, pp. 737-783.
  • 19. The Act of April 27, 2001, Environmental Protection Law (Dz.U. [Journal of Laws] of 2019, item 1396).
  • 20. The Global Risk Report 2020. Geneva: World Economic Forum.
  • 21. Transition Report 2019-20 (2020). Better Governance, Better Economies. London: European Bank for Reconstruction and Development, 18.08.2020.
  • 22. Żak, K. (2015). Green economy – w drodze do nowego globalnego standardu biznesowego [Green economy – on the way to new, global business standard]. Studia Ekonomiczne, Zeszyty Naukowe Uniwersytetu Ekonomicznego w Katowicach, nr 226, p. 172.
Typ dokumentu
Bibliografia
Identyfikator YADDA
bwmeta1.element.baztech-4a2113b7-268d-40fa-87e0-e43b7d3daea8
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