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Sustainability Management and Business Cluster 7Sterke

Sapkota, Subash
Master thesis
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URI
http://hdl.handle.net/11250/2595497
Date
2018
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  • Master i næringsrettet bioteknologi / Master of applied and commercial biotechnology [38]
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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