TY - JOUR
T1 - A principal component analysis based three-dimensional sustainability assessment model to evaluate corporate sustainable performance
AU - Jiang, Qiuhong
AU - Liu, Zhichao
AU - Liu, Weiwei
AU - Li, Tao
AU - Cong, Weilong
AU - Zhang, Hongchao
AU - Shi, Junli
N1 - Funding Information:
The authors gratefully acknowledge the support of China Internal Combustion Engine Industry Association , the China Scholarship Council (Award No. 201506060128 ) and the National Basic Research Program of China (Grant No. 2011CB013406 ).
Publisher Copyright:
© 2018 Elsevier Ltd
PY - 2018/6/20
Y1 - 2018/6/20
N2 - Corporate sustainability assessment involves two procedures including quantification of the upstream/downstream impacts generated during the company's activities and integration of these impacts into a single metric. In order to achieve a desirable balance among the economic growth, environmental friendliness, and social equity, it is essential to scientifically manage and monitor the corporate sustainability. This paper proposes a three-dimensional (economic, environmental, and social) sustainability assessment model to analyze the corporate sustainable performance based on principal component analysis. An effective evaluation indicator system for cooperate sustainability assessment is provided after conducting reliability and validity analysis. Considering the coordination degree of sustainable development among the three dimensions, the corporate sustainability index is used to express the overall sustainability performance of a company. A case study on the internal combustion engine manufacturing industry in China has been conducted to verify the validity and practicability of the proposed method. A questionnaire survey was conducted at 52 companies to collect the economic, environmental, and social indicators data during 2010–2012. A total of 49 companies responded, yielding a total of 103 economic samples, 102 social samples, and 79 environmental samples. The results of this investigation show that a large gap exist in the reported enterprises in their sustainability, and most of them are recommended to take measures to improve the sustainability performance. At the end, a specific company is selected to illustrate how to identify the strengths and weaknesses of its sustainability performance.
AB - Corporate sustainability assessment involves two procedures including quantification of the upstream/downstream impacts generated during the company's activities and integration of these impacts into a single metric. In order to achieve a desirable balance among the economic growth, environmental friendliness, and social equity, it is essential to scientifically manage and monitor the corporate sustainability. This paper proposes a three-dimensional (economic, environmental, and social) sustainability assessment model to analyze the corporate sustainable performance based on principal component analysis. An effective evaluation indicator system for cooperate sustainability assessment is provided after conducting reliability and validity analysis. Considering the coordination degree of sustainable development among the three dimensions, the corporate sustainability index is used to express the overall sustainability performance of a company. A case study on the internal combustion engine manufacturing industry in China has been conducted to verify the validity and practicability of the proposed method. A questionnaire survey was conducted at 52 companies to collect the economic, environmental, and social indicators data during 2010–2012. A total of 49 companies responded, yielding a total of 103 economic samples, 102 social samples, and 79 environmental samples. The results of this investigation show that a large gap exist in the reported enterprises in their sustainability, and most of them are recommended to take measures to improve the sustainability performance. At the end, a specific company is selected to illustrate how to identify the strengths and weaknesses of its sustainability performance.
KW - Chinese Internal Combustion Engine manufacturing Industry
KW - Corporate sustainability assessment
KW - Multivariate statistics
KW - Principal component analysis
UR - http://www.scopus.com/inward/record.url?scp=85047469479&partnerID=8YFLogxK
U2 - 10.1016/j.jclepro.2018.03.255
DO - 10.1016/j.jclepro.2018.03.255
M3 - Article
AN - SCOPUS:85047469479
SN - 0959-6526
VL - 187
SP - 625
EP - 637
JO - Journal of Cleaner Production
JF - Journal of Cleaner Production
ER -