Sustainability Management and Business Cluster 7Sterke
Abstract
Sustainability is the topic of discussion with the start of industrialization and advancement in human civilization. Sustainability is now topic of concern for various groups like government, NGOs, international organizations, financial institutions, business companies, academics, and consumers. The business companies are the center of attraction for economic
activities which has a direct impact over environment and society. So, various stakeholders
demand the sustainability performances report of the companies. There are various
frameworks for sustainability measuring and reporting like UN SDGs, UN Global Compact,
GRI, DSJI Index, CDP Index, etc. This thesis aims to find out how the companies inside the
7sterke business cluster are working for sustainability management by knowing their
competency level and challenges faced by them. As well as this thesis also tried to find out
how CEOs and managers understand and take sustainability in their business. The study
relies on literature review and interview. Responses from companies are analyzed to
understand the status quo. From the study, it is found that most of the companies are working
for sustainability in certain forms, but they do not fully meet the TBL theory. Most of them
are using ISO standards like ISO 14000, ISO 9000 and ISO 26000. There is not any company
who is using standard sustainability reporting framework for sustainability measurement and
reporting so transparency to all stakeholders is lacked. For many company's time, budget and
financial stability of companies are challenged to implement sustainability programs. There
are various similar examples and cases from which companies like in 7sterke can use to
understand and work on sustainability. In this thesis also, examples from Orkla business
group, Moelven ASA and TOMS shoe are discussed. This thesis has also given some
recommendations which 7sterke can use for future research and work.
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