Integration of environmental indicators into the management decision-making system
Keywords:
management decision, environmental performance, eco-efficiency, climate change.
Abstract
Climate change demands integrating environmental indicators into management decision-making systems, highlighting shifts towards environmental safety and stricter emissions regulations. This research develops a scheme for such integration, filling the gap in literature on the relationship between environmental factors and management decisions. Literature analysis and data examination through scientific and mathematical methods, including linear and multicriteria analysis, have led to a model emphasizing the importance of embedding environmental considerations into decision-making. The findings highlight the role of multi-criteria decisions in various conditions and establish a comprehensive model for the interplay between economic and environmental indicators, enhancing eco-efficiency in management practices. This approach introduces a novel method for incorporating environmental sustainability into management strategies, underscoring its significance for ongoing research and application in eco-efficient management decision-making.
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References
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Zharfpeykan, R., & Akroyd, C. (2022). Factors influencing the integration of sustainability indicators into a company’s performance management system. Journal of Cleaner Production, 331(129988), 129988. https://doi.org/10.1016/j.jclepro.2021.129988
Adesina, O. S. (2012). The negative impact of globalization onNigeria. International Journal of Humanities and Social Science, 2(15), 193-201. https://www.ijhssnet.com/index/1193
Anishchenko, V. O. (2019). Improving ecological management of the enterprises that are nature users at the stage of administrative decisions making. Eastern Europe: Economy, Business and Governance, 1(18), 83-90. Retrieved from http://srd.pgasa.dp.ua:8080/xmlui/handle/123456789/2280
Bezuidenhout, S., de Villiers, C., & Dimes, R. (2023). How management control systems can enable, constrain, and embed integrated reporting. Accounting & Finance, 63(4), 4251-4273. https://doi.org/10.1111/acfi.13092
BloombergNEF. (2023). New Energy Outlook. Retrieved from https://about.bnef.com/newenergy-outlook/#toc-download
Bosi, M.K., Lajuni, N., & Lim, T.S. (2022). Sustainability Reporting through Environmental, Social and Governance: A Bibliometric Review. Sustainability, 14(19), 12071. https://doi.org/10.3390/su141912071
Briushkova, N., Nikoliuk, O., & Udovytsia, O. (2020). Features of decision making in public administration. E-government: improvement and development, 3, 1-6. Retrieved from https://doi.org/10.32702/2307-2156-2020.3.39
Clement, A., Robinot, E., & Trespeuch, L. (2023). The use of ESG scores in academic literature: A systematic literature review. Journal of Enterprising Communities: People and Places in the Global Economy, 1-19. https://doi.org/10.1108/JEC-10-2022-0147
Correia, M. S. (2019). Sustainability: An overview of the triple bottom line and sustainability implementation. International Journal of Strategic Engineering, 2(1), 29-38. https://doi.org/10.4018/IJoSE.2019010103
DSnews.ua (2021). Top 25 best environmental programs of companies. Retrieved from https://acortar.link/hXkGFY
Entezari, A., Aslani, A., Zahedi, R., & Noorollahi, Y. (2023). Artificial intelligence and machine learning in energy systems: A bibliographic perspective. Energy Strategy Reviews, 45, 101017. https://doi.org/10.1016/j.esr.2022.101017
Fernandes, R. S., Rocha, T. R., Coelho, J. M., & Andrade, D. F. (2023). Development of a measurement instrument to evaluate integrated management systems and differences in perception: An approach to item response theory and the quality management process. Production, 33, e20220069. https://doi.org/10.1590/0103-6513.20220069
Hryshyn, M. S. (2014). Technology of making and implementing management decisions. Electronic Scientific Bulletin “Kerivnik.INFO”. Retrieved from https://kerivnyk.info/2014/01/grishyn.html
Karpenko, Y., & Kobzar, A. (2021). Main approaches to the essence of the concept of «management decision». Scientific Bulletin of Odesa National Economic University. Collection of Scientific Papers, 11-12(288-289), 147-153. https://doi.org/10.32680/2409-9260-2021-11-12-288-289-147-153
Kerr, J., & Rouse, P. (2015). Sustainability reporting integrated into management control systems. Pacific Accounting Review, 27(2), 187-207. https://doi.org/10.1108/PAR-08-2012-0034
Khalid, N. (2023). The role of artificial intelligence in the management of lung cancer: A narrative review. Futurity Medicine, 2(1), 36-46. https://doi.org/10.57125/FEM.2023.03.30.04
Kuzmin, O., & Melnyk, O. (2003). Fundamentals of management. Kyiv: Akadem Publishing House. ISBN 966-8226- 04-6.
Learning for Sustainability (s.f). Developing indicators for sustainable and performancebased management. https://learningforsustainability.net/developing-indicators/
Lin, J. C., Belis, T. T., Caesaron, D., Jiang, B. C., & Kuo, T. C. (2020). Development of sustainability indicators for employeeactivity based production process using fuzzy delphi method. Sustainability, 12, 6378. https://doi.org/10.3390/su12166378
Ministry of Environmental Protection and Natural Resources of Ukraine. (s.f). Environmental indicators. Retrieved from https://mepr.gov.ua/diyalnist/napryamky/ekologichnyj-monitoryng/ekologichnipokaznyky/
Park, Y. S., Konge, L., & Artino, A. R. (2020). The positivism paradigm of research. Academic Medicine: Journal of the Association of American Medical Colleges, 95(5), 690-694. https://doi.org/10.1097/ACM.0000000000003093
Rahi, F. A., Johansson, J., Blomkvist, M., & Hartwig, F. (2023). Corporate sustainability and financial performance: A hybrid literature review. Corporate Social Responsibility and Environmental Management, 1-15. https://doi.org/10.1002/csr.2600
Rahi, F. A., Johansson, J., Fagerstrom, A., & Blomkvist, M. (2022). Sustainability reporting and management control system: A structured literature review. Journal of Risk and Financial Management, 15(12), 562-593. https://doi.org/10.3390/jrfm15120562
Rakhimov, T. (2023). Research on moral issues related to the use of artificial intelligence in modern society. Futurity Philosophy, 2(2), 30-43. https://futurityphilosophy.com/index.php/FPH/article/view/30
Rojas-Bahamón, M., & Arbeláez-Campillo, D. (2020). Panorama de la implementación de los sistemas de gestión ambiental en la Amazonia Colombiana. Revista Científica Del Amazonas, 3(6), 48-64. https://doi.org/10.34069/RA/2020.6.04
Sayed, R. (2023). Exploring cultural influences on project management approaches in global business development. Futurity of Social Sciences, 1(4), 39-60. https://doi.org/10.57125/FS.2023.12.20.02
Schaumberger, S., & Dasayanaka, V. (2023). Sustainability reporting and the developing role of the ESG/Sustainability controller: A qualitative study among Swedish medium and large sized companies. Umeå School of Business and Economics (USBE) and Statistica Business Administration, 73. https://acortar.link/udvUFK
Sembiyeva, L., Zhagyparova, A., Zhusupov, E., & Bekbolsynova, A. (2023). Impact of investments in green technologies on energy security and sustainable development in the future. Futurity of Social Sciences, 1(4), 61-74. https://doi.org/10.57125/FS.2023.12.20.03
Shakun, N. (2022). Anthropological dilemmas of information society development modern stage in the context of globalization challenge? Futurity Philosophy, 1(3), 52-63. https://doi.org/10.57125/FP.2022.09.30.04
Shi, Y., Ge, X., Yuan, X., Wang, Q., Kellett, J., Li, F., & Ba, K. (2019). An integrated indicator system and evaluation model for regional sustainable development. Sustainability, 11, 2183. https://doi.org/10.3390/su11072183
Traxler, A. A., Schrack, D., & Greiling, D. (2020). Sustainability reporting and management control: A systematic exploratory literature review. Journal of Cleaner Production, 276, 1-17. https://doi.org/10.1016/j.jclepro.2020.122725
Waas, T., Huge, J., Block, T., Wright, T., Capistros, B., & Verbruggen, A. (2014). Sustainability assessment and indicators: Tools in a decision-making strategy for sustainable development. Sustainability, 6, 5512-5534. https://doi.org/10.3390/su6095512
Weston, P., & Ninadi, M. (2021). Evaluation of strategic and financial variables of corporate sustainability and ESG policies on corporate finance performance. Journal of Sustainable Finance & Investment, 13(2), 1-17. https://doi.org/10.1080/20430795.2021.1883984
Ye, F., Yang, Y., Xia, H., Shao, Y., Gu, X., & Shen, J. (2022). Green entrepreneurial orientation, boundary-spanning search and enterprise sustainable performance: The moderating role of environmental dynamism. Frontiers in Psychology, 13. https://doi.org/10.3389/fpsyg.2022.978274
Young, A. C. (2023). Young’s model of organizational culture. Open Journal of Business and Management, 11, 3125-3134. https://doi.org/10.4236/ojbm.2023.116171
Zharfpeykan, R., & Akroyd, C. (2022). Factors influencing the integration of sustainability indicators into a company’s performance management system. Journal of Cleaner Production, 331(129988), 129988. https://doi.org/10.1016/j.jclepro.2021.129988
Published
2024-01-30
How to Cite
Poplavets, S., Nikitin, A., Meshcheriakov, I., Kozlov, D., Vorobiov, Y., & Konov, D. (2024). Integration of environmental indicators into the management decision-making system. Amazonia Investiga, 13(73), 231-240. https://doi.org/10.34069/AI/2024.73.01.19
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