Sustainability in Business, Economics & Finance
- Explore our sustainability research from a range of perspectives
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Economists and business researchers across the world are working towards finding solutions and designing policies to address the challenges of sustainability. We are proud to feature some of the most impactful research output published by our authors.
We have prepared a selection of topics ranging from green fashion to creating sustainable supply chains and logistics, and from sustainable energy policy to environmental market failures.
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Learn in the interview with René Schmidpeter why he thinks sustainability in business & management does matter, why business and academia have to rethink how business works and how properly to educate future business leaders.
Dr. René Schmidpeter, internationally recognized CSR strategist, holds the Dr. Juergen Meyer Endowed Chair of International Business Ethics and Corporate Social Responsibility at Cologne Business School (CBS). He is a series editor for Springer’s CSR, Sustainability, Ethics and Governance books, a section editor of the Encyclopedia of Corporate Social Responsibility and an editor of the Dictionary of Corporate Social Responsibility.
CSR and Sustainable Management have been considered to be strange fields of interest on the fringes of business administration and management. For a long time they were not considered to be essential aspects of the strategic decision-making process, but rather as an afterthought. Sustainability, similarly, has always been considered important by policymakers, but was thought of something that should be left to environmentalists and biologists, not businesses. MNEs and SMEs have been largely reactive with regard to Compliance and Sponsoring. However, the tide appears to be turning: both global issues such as climate change and resource scarcity, and mega trends such as Digitalization have led to substantial transformation of markets and the disruption of classical business models. Hence, businesses have begun to fundamentally reexamine their respective business models as their businesses’ sustainability and societal impact have become paramount in ensuring their survival. It is not about managing sustainability as add on anymore, but rather about sustainable management of the whole company.
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My research and teaching activities focus on the management of Corporate Social Responsibility, international perspectives on CSR, Social Innovation and Sustainable Entrepreneurship as well as the relationship between business and society. In many parts of the world sustainable management is becoming the new normal. Topics we are working on are Corporate Social Responsibility, Sustainable Business Transformation, Social Innovation and Sustainable Leadership. By encouraging alternative management perspectives, we envision business management as a business solution for global challenges. CSR and Sustainability is more than mere ethics. It is an innovative management approach. It is not enough to provide future generations with the same opportunities; instead we want to create more opportunities for present and future generations.
The publications in Springer’s CSR, Sustainability, Ethics and Governance series aim to change the perspectives in management. The Dictionary of Corporate Social Responsibility in this series even won the “Most Outstanding Book of the Year Award” from the RUSA Business Reference and Services Section (BRASS). The reference work and dictionary is a good example how the fields of corporate social responsibility, sustainability, business ethics and corporate governance become mainstream management literature. It includes definitions of commonly used terms in CSR, the roles and functions of CSR-related international organizations, and keynotes on international guidelines, codes and principles relevant to CSR. This award also emphasizes the leading role of our book series in establishing new management perspectives. It shows that we have already achieved one of our goals. We have developed a new vocabulary to describe the new relationship between business and society.
We have an extensive global network of business and academic partners, and we are a member of various academic networks. The ability to collaborate with partners throughout the world allows us to engage in knowledge transfer and intellectual exchange with numerous different perspectives, in addition to helping us accomplish our goals as an organization. We do not only hope to generate impact, but we are already part of the new thinking about business. Digitalization is accelerating the paradigm change in the business world. Sustainability is the key for a positive change! Our research results have led to new business strategies and white papers by key players in different industries.
To continue this very promising development the world needs courageous people and business leaders to lead the way towards a more sustainable way of doing business.We aim to contribute to furthering this development by the education of young professionals, creating knowledge and bringing together people who believe that sustainable management is the future of business. This new management paradigm is not only affecting how we define and understand the relationship between business and society, but fundamentally alters the way in which business is conducted in the 21st century. Finding new strategies, processes, measurements, and instruments for this paradigm shift is at the core of what CASM seeks to achieve. We believe that business and academia have to rethink how business works, in order to properly educate, and thus prepare, future business leaders. What at first seems like a simple question is actually an entirely new way of envisioning management education. We are very enthusiastic about the future of CSR and Sustainability, as both fields of academic research and management tools, so enthusiastic in fact, that, in 2018 we will be hosting to two further international conferences. To both we hope to attract like-minded people and are happy to have Springer as a strong partner at our side: www.international-csr.org
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