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PAVLÁKOVÁ DOČEKALOVÁ, M. KOCMANOVÁ, A.
Original Title
Composite indicator for measuring corporate sustainability
Type
journal article in Web of Science
Language
English
Original Abstract
Corporate sustainability performance is a multidimensional concept based on the original idea of sustainable development, replacing the traditional understanding of corporate performance only as capital appreciation for owners. The objective of this paper is to present a model for the measurement of corporate sustainability – Complex Performance Indicator (CPI). CPI integrates the environmental, social, economic and corporate governance performance of the company. CPI contains seventeen key performance indicators which were gradually determined from the basic set of performance indicators using statistical methods. CPI sums up the complex corporate performance into a single value but, at the same time, the set of aggregated sub-indicators of individual performance areas enables a detailed analysis and determination of the impact of various performance areas and factors on the complex corporate performance. The introduction of benchmarking is a crucial element in the entire model, as it enables to interpret the aggregated information and to quantify the performance gap. The results including their visualisation are presented in the case study. The complex assessment of corporate performance helps to uncover the weaknesses of the company that could become a threat and to identify strengths which the company might pursue as an opportunity. The results of such an analysis serve as the point of reference for deciding about the future.
Keywords
Complex Performance Indicator; Composite indicator; Corporate sustainability; Non-financial indicators; Benchmarking
Authors
PAVLÁKOVÁ DOČEKALOVÁ, M.; KOCMANOVÁ, A.
Released
1. 2. 2016
Publisher
Elsevier
Location
Nizozemsko
ISBN
1470-160X
Periodical
ECOLOGICAL INDICATORS
Year of study
2016
Number
61
State
Kingdom of the Netherlands
Pages from
612
Pages to
623
Pages count
12
BibTex
@article{BUT121565, author="Marie {Pavláková Dočekalová} and Alena {Kocmanová}", title="Composite indicator for measuring corporate sustainability", journal="ECOLOGICAL INDICATORS", year="2016", volume="2016", number="61", pages="612--623", doi="10.1016/j.ecolind.2015.10.012", issn="1470-160X" }