Green banking initiatives: a qualitative study on Indian banking sector

Environment, Development and Sustainability - The environmental concern is on rise in all types of business; however, banking assumes a special niche due to its ability to influence the economic...     

The potentials of internalising social banking among the Malaysian Islamic banks

Islamic banking has established for the last 40 years, yet only recently researchers acknowledge social failures of Islamic banking and finance. This has led to a proposition of forming new forms of banking and non-banking institutions that include social banking. It is argued that in considering the developmentalist needs of the Muslim societies in Malaysia, there is a need to go back to fundamentals of Islamic finance in realising the aspirational Islamic moral economy that emphasises on the social good, capacity development at the individual and social levels. This paper aims to explore the concept of social banking and search for the possibilities for internalisation in Malaysian Islamic banking. To gain understanding on this pertinent issue, an empirical investigation was conducted at 17 Islamic banks in Malaysia. A mixed method was employed. For the primary data collection, 477 respondents of Islamic banks clients and employees participated in a self-administrated survey, and 11 respondents from the executive and managerial level of eight Islamic banks involved in a semi-structured interview survey. The integrated analysis implies that Islamic banking significantly contributes to socio-economic development. On the contrary, financial and economic practices in everyday life do not reflect the social economic justice. The result further illustrates that the Islamic banks lack social contributions as they prone to practice efficiency-oriented institutions. Hence, a social banking model is needed to solve the lack of socio-economic development issue in the current practice of Islamic bank.     

Sustainable banking: a systematic review of concepts and measurements

Environment, Development and Sustainability - The banking sector has a fundamental role in promoting sustainable development. Due to its performance as an intermediary, it can influence the pace...     

Adoption of green banking practices and environmental performance in Pakistan: a demonstration of structural equation modelling

Environment, Development and Sustainability - Banking industries are blamed to be among the major factors that affect global climate change both directly and indirectly. The green banking concept...     

A new approach to natural capital sustainable development

The three-dimension (3D) ecological footprint makes the analysis of the relationships between the demand and supply of natural capital more credible by importing footprint depth and footprint size. This article used China’s regions as the object to analyze the high-level sustainability of the natural capital from the view of “ecology – efficiency – fairness” multidimensional framework. Research showed that China’s ecological footprint has risen while bio-capacity per capita has descended in recent 20 years. This paper also discusses the spatial distribution of China’s natural capital ecological sustainability, efficiency sustainability and fairness sustainability. Finally, it builds multi-criteria evaluation (MCE) models to get multidimensional sustainability framework taking ecological sustainability, efficiency sustainability, and fairness sustainability into consideration.     

Indigenous African building techniques and the prospects for sustainable housing and environmental development

In this paper, sustainability is examined as one of the objectives of enabling man in a preserved, efficient and enduring world environment. Thus, sustainable housing and environmental development is conceptualized as a building or shelter provided through judicious, selective sourcing, processing and use of building materials to satisfy current shelter needs while ensuring quality environment and adequate resources for the future generations in satisfying theirs. To stimulate orderly academic debate, the paper proposes five major factors of sustainability. They include climatic sustainability factor, ecological sustainability factor, economics and affordability sustainability factor, social sustainability factor and cultural sustainability factor. The sustainability attributes of each factor are highlighted, and the criteria for the selection of building materials to satisfy the attributes are commended.     

Constructing sustainability science: emerging perspectives and research trajectories

Over the last decade, sustainability science has emerged as an interdisciplinary and innovative field attempting to conduct problem-driven research that links knowledge to action. As the institutional dimensions of sustainability science continue to gain momentum, this article provides an analysis of emerging research agendas in sustainability science and an opportunity for reflection on future pathways for the field. Based on in-depth interviews with leading researchers in the field and a content analysis of the relevant literature, this article examines how sustainability scientists bound the social, political and normative dimensions of sustainability as they construct research agendas and look to link knowledge to social action. Many scientists position sustainability science as serving universal values related to sustainability and providing knowledge that is crucial to societal decision-making. The implications of these findings are discussed with an eye towards creating a space for a more democratic and reflexive research agenda for sustainability.     

The idea of weak sustainability is illegitimate

Since the introduction of the sustainability challenge, scientists disagree over the interpretation of the term “sustainability.” Weak and strong sustainability are the two main interpretations of sustainability, which are opposing each other. Some researchers stated that the interpretation of the term depends on the context; others disagree pointing out that it always implies the meaning of continuation. The term “sustainability” can be used as attribute, which adds a certain characteristic to the noun. If something can be attributed as being sustainable, it can also be unsustainable. The sustainability challenge consists of shifting from the current unsustainable towards a sustainable system. This paper outlines that the weak sustainability term is illegitimate, as it leads to a contradiction with the acknowledged assumption that the current state is unsustainable. This contradiction is revealed through an analysis of the occurrence of decoupling in agriculture: Agricultural land use could be decoupled from agricultural production, but only with the trade-off of massive increases in fertilizer, pesticide, energy and water usage. This paper outlines an inherent inconsistency within the ongoing discussion about the interpretation of sustainability. Through identifying the invalidity of the weak sustainability interpretation the focus can be shifted form the discourse to the sustainability challenge itself.     

Sustainability classifications in engineering: discipline and approach

In order to discuss how to advance sustainability in engineering, it is necessary to be clear as to what exactly is the science of sustainability. The linkage between sustainability philosophy and scientific principles has, in some ways, been acknowledged in the wider literature. Moreover, the recent scholarship on sustainability in international literature has focused on providing definitions, policies and methods, though from an engineering perspective, there is an obvious need for clarity on how the engineering and science community can integrate the science of sustainability into practice. Prima facie, this article provides an overview of the development of sustainability science through a textual analysis to collate the underlying discourse and ideology cited in literature. While the number one sustainability challenge is to mitigate climate change, compiling a definition genesis of sustainability will assist the engineering community in gaining an understanding in the underlying philosophical frames. The aim of this paper is to analyse sustainability information in the print press, journals, periodicals and textbooks since publication patterns contribute to our understanding of the cognitive aspects of scholarly knowledge development.     

Towards an umbrella science of sustainability

Sustainability research has gained scholarly attention since the 1980s as the new science investigating the changes in social, environmental and economic systems and their impacts on the future of planetary life support systems. Whilst broad literature on sustainability has expanded significantly over the past decades, academic literature developing sustainability as a distinct science has received little attention. After more than two decades of sustainability research, the time has come for us to begin asking reflective questions about what sort of science we call sustainability science. How has the broader research on sustainability contributed to developing sustainability science as a unique discipline within the past two decades? How has the label science promoted or hindered the interdisciplinary project of integrating the natural and social sciences as well as arts and humanities in addressing human nature problems? I argue in this review paper that special efforts need to be made towards the building and positioning of sustainability as an umbrella science for global sustainability research. The benefits of the new sustainability science advocated for in this paper are that; a) it offers a universal definition of sustainability that accounts for both the needs of life and the capacity of planetary life support systems to provide for those needs and b) proposes ways of bridging gaps among different research traditions, facilitating cross disciplinary communication and addressing the challenge of multiple meanings and definitions of concepts facing sustainability research today.     

Structure of industrial or corporate sustainability programmes

The 15 years up until 2008 have seen an escalating growth in corporate or industrial sustainability programmes to a current level of about 25% of the Fortune 1000 firms. This preliminary study of corporate sustainability programmes yielded a repeatable structure of these programmes that may be unique to industry in the broader sustainability field. These corporate sustainability programmes are different from the prior corporate social responsibility programmes and also are a subset of the vast current use of the word sustainable. The corporate sustainability model is built on four pillars (business excellence, innovation, human contribution and environment) that offer important directions for long-term decision making. In-depth sustainability programme studies revealed recurring principles that reflect current industry or corporate sustainability programmes.     

Regional Research Capacity -Building inSustainability Science:Facts, Gaps, and Futures in Northeast Asia

Evidence shows that some conceptual ideas relevant to both local and global sustainability have been adopted in some official documents in northeast Asian nations, particularly China, South Korea, and Japan. This seems to be a very positive signal for the future development of sustainability science in this region. However,studyes show that there are still some major gaps there. One is the problem of how to build up the regional research capacity of sustainability science among northeast Asian research institutes across different disciplines as well as different political systems. Another is how to shift the conceptual frameworks of sustainability science into the operational policy frameworks. There are four major obstacles to the enhancement of regional research capacity-building in sustainability science. In order to build up the regional research capacity in sustainability science and to realize both local and global goals of the sustainable development in northeast Asia, this paper proposes some ba     

Quality criteria for visions and visioning in sustainability science

Envisioning how a desirable future might look is a long-standing effort in human evolution and social change. Utopian thought and visions provide direction for actions and behavior; more so, they create identity and community. Accordingly, the discourse on sustainability and sustainable development has recognized that positive visions about our societies’ future are an influential, if not indispensable, stimulus for change. Visioning is, thus, considered a key method in sustainability research and problem solving, for instance, in transformational sustainability science or in planning for urban sustainability. Yet, quality criteria for sustainability visions and guidelines on how to rigorously craft such visions are scattered over different strands of the literature and some are insufficiently developed. The goal of this article is to review and synthesize such quality criteria and design guidelines to inform sustainability visioning methodology. The review provides a concise reference framework for sustainability students, researchers, and professionals on how to enhance their sustainability visioning practices.     

Physical and Economic Sustainability of Water: New Approach Using the Case of the Big Lost River,Idaho

A new approach for evaluating water sustainability is introduced by comparing physical and economic sustainability. To achieve physical sustainability, water should be available in sufficient quantity and of good quality and used efficiently. The economic sustainability can be achieved by balancing between costs and values of water. The objectives of this study were to estimate the physical and economic sustainability of surface water in the Big Lost River, south–central Idaho. The study used a Bayesian network by building a graphical diagram of nodes representing all significant variables related with the sustainability, such as water demand, water quality, and the different costs and values of water. The study showed that the likelihood of the physical sustainability is less than that of the economic sustainability, which is attributed to the scarcity of water in the Big Lost River. Readers should send their comments on this paper to: BhaskarNath@aol.com within 3 months of publication of this issue.     

Evidence for the prevalence of the sustainability concept in European corporate responsibility reporting

This paper empirically examines the terminology used in the titles of corporate social responsibility (CSR)/sustainability reports in Europe. Our data supports the claim of the rise of the sustainability concept in corporate communication in comparison to other concepts. In detail this research analysed CSR/sustainability reports to support Matten and Moon’s [Acad Manage Rev 33(2):404–424, 2008] hypothesis regarding a recent European trend towards a more voluntary and explicit CSR practice. The second and main objective of the research was to describe statistically significant trends in the use of terms and concepts in CSR/sustainability reporting to better understand how European companies interpret CSR and sustainability and how they communicate it to their stakeholders. To this end, a content analysis was conducted on 329 CSR/sustainability reports from 50 leading European companies from Euro Stoxx 50 that were published between the beginning of online CSR/sustainability reporting in 1998 and 2010. Our data analysis clearly indicates that the use of social and environment-related terms occurred more frequently in the past and demonstrates the establishment of sustainability in corporate non-financial reporting. Based on the results of our empirical research, the final discussion explores the development and diffusion of the sustainability concept in both the academic and business fields and examines economic, environmental, and social implications. Different propositions are presented to explain the recent rise of the sustainability concept in European CSR/sustainability reporting, adding to the formation of sustainability as a concept and as a science.     

A proposed framework to assess upstream supply chain sustainability

There are few methods that are suitable for assessing the sustainability of companies and supply chains in an integrated way, taking into consideration the economic, social and environmental dimensions. This paper proposes a framework for assessing the sustainability of individual companies and their corresponding upstream supply chain. The framework consists of a set of steps to evaluate the sustainability of both the individual company and their upstream supply chain. The linear aggregation technique is suggested to combine the set of indicators from the economic, environmental and social dimensions of sustainability into a unique value, giving rise to a composite index for the company and corresponding supply chain. The proposed framework represents a contribution in the area of index construction and could be used as a valuable component of sustainability reporting and sustainability management practices. It also represents an important benchmarking tool, offering managers the possibility of identifying the supply chain partners that are best and worst performers in terms of sustainability while at the same time making it possible to improve company performance. Managers can adjust their company’s behaviour according to their sustainability index score and improve economic, social and environmental performance.     

Social sustainability performance indicators – experiences from process industry

Sustainable industrial development can be advanced through the development and application of sustainability metrics. This study addressed the application of social sustainability metrics to the measurement of sustainability performance within process industry and to metal production at the plant level in particular. The applied social sustainability indicators are one part of the overall sustainability index which aims at presenting a balanced and holistic view of plant-level sustainability performance. Application of plant-level indicators can support informed decision-making and fill in potential gaps in corporate-level assessments and reporting initiatives with respect to plant-level social sustainability performance. The social part of the overall index provides information on both in-plant sustainability performance and on the direct and in-direct impacts of plant operations on the surrounding society with special emphasis on the supply chain and emerging social due diligence aspects. The results of pilot implementation of social indicators in Ruukki Lappohja plant indicated a very high level of social sustainability performance with minor areas of improvement such as social risk management auditing covering the whole supply chain, suppliers communication on social responsibility requirements to workers and sub-suppliers, signing of the code of conduct by employees and reporting on policies on local community relations, safety in supply chain covering suppliers and contractors and factory health and safety performance in relation to average field of industry performance in this field.     

Sustainability assessment of urban communities through rating systems

This paper focuses on the sustainability assessment of urban communities through multi-criterion rating systems. Recent interpretations of the concepts of sustainability, assessment and community are discussed before reviewing existing assessment systems. In particular, the systems BREEAM for Communities, LEED for Neighbourhood Development and CASBEE for Urban Development are presented and compared. Each one of these systems bases the assessment on the summation of rates for different criteria often similar to those considered in sustainability assessments of buildings. The comparison shows that existing systems often accept a weak sustainability where natural resources may be subsidized by other priorities. Missing assessment criteria are proposed mainly within the social and economic dimensions of sustainability. This paper also shows that the dynamicity of a community suggests considering the sustainability assessment systems as tools to monitor the evolution of communities. Finally, it shows that an increase in citizen engagement in the selection of assessment criteria is necessary to share priorities and customize sustainability goals for each community.     

Agro-environmental sustainability assessment using multicriteria decision analysis and system analysis

Transparency and reproducibility remain challenges for sustainability assessment, particularly in developing world contexts where formal scientific information is often limited. We posit that even in such contexts, sustainability assessment can be productive and informative if the underlying assumptions about sustainability are made transparent. Thus, the process of assessment can be as instructive as the results, if not more so. In this article, we describe and discuss how we combined multicriteria decision analysis and system analysis as a unified approach to sustainability assessment. This approach is transparent, practical, flexible, and reproducible; it also facilitates the development of recommendations for enhancing sustainability. We illustrate the approach with examples from a recent environmental sustainability assessment of irrigated commercial maize production in Sinaloa, Mexico.