The sustainability balanced scorecard - Linking sustainability management to business strategy

Frank Figge, Tobias Hahn, Stefan Schaltegger, Marcus Wagner

Producció científica: Article en revista indexadaArticleAvaluat per experts

759 Cites (Scopus)

Resum

The Balanced Scorecard of kaplan and Norton is a management tool that supports the successful implementation of corporate strategies. It has been discussed and considered widely in both practice and research. By linking operational and non-financial corporate activities with causal chains to the firm's long-term strategy, the Balanced Scorecard supports the alignment and management of all corporate activities according to their strategic relevance. The Balanced Scorecard makes it possible to take into account non-monetary strategic success factors that significantly impact the economic success of a business. The Balanced Scorecard is thus a promising starting-point to also incorporate environmental and social aspects into the main management system of a firm. Sustainability management with the Balanced Scorecard helps to overcome the shortcomings of conventional approaches to environmental and social management systems by integrating the three pillars of sustainability into a single and overarching strategic management tool. After a brief discussion of the different possible forms of a Sustainability Balanced Scorecard the article takes a closer look at the process and steps of formulating a Sustainability Balanced Scorecard for a business unit. Before doing so, the basic conventional approach of the Balanced Scorecard and its suitability for sustainability management will be outlined in brief.

Idioma originalAnglès
Pàgines (de-a)269-284
Nombre de pàgines16
RevistaBusiness Strategy and the Environment
Volum11
Número5
DOIs
Estat de la publicacióPublicada - de set. 2002
Publicat externament

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