1. Long-term effect of Environmental, Social, and Governance (ESG) corporate practices on corporate stock performanceSvetlin Minev, Petya Dankova, Tjaša Štrukelj, 2025, original scientific article Abstract: In the context of the growing prominence of socially responsible investment, the debate over whether sustainable corporate practices translate into sustained shareholder value has intensified. As a key tool for aligning their investment portfolios with responsible/sustainable corporate practices, investors rely on listed companies’ Environmental, Social, and Governance (ESG) ratings. This study aims to investigate the long-term impact of ESG practices on the stock performance of listed companies. We perform a Q1 2000–Q1 2025 backtest to analyse the comparative performance of a Best-in-Class ESG portfolio, constructed by the top 30 listed companies with market capitalisations above USD 2 billion ranked by Morningstar Sustainalytics’ ESG Risk Ratings as of 31 March 2025 against the S&P 500 Total Return index. We found that ESG leaders exhibited superior risk-adjusted performance, outperforming the S&P 500 Total Return Index. The BiC portfolios achieved a substantially higher CAGR and Sharpe ratio, while maintaining maximum drawdowns that remained comparable to the benchmark S&P 500 Total Return index. We also found that ESG advantages were more pronounced in market downturns, with the Best-in-Class ESG portfolio showing better CAGR and Sortino ratios. The findings of this study demonstrate that responsible governance and management create benefits for all stakeholders, including investors, society and nature, in the broadest sense of these terms.
Keywords: Environmental Social and Governance (ESG) principles, ESG ratings, stock market, corporate financial performance, portfolio management, sustainable investment, socially responsible investment, corporate governance, sustainability
Published in DKUM: 06.01.2026; Views: 0; Downloads: 1
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2. Relationship between environmental reports and environmental performance : a case of the processing industry in the Republic of SloveniaSonja Fink Babič, Roberto Biloslavo, Borut Kodrič, 2023, original scientific article Abstract: Background/Purpose: Environmental protection issues faced by companies constitute a challenging research topic. The main objective of the study was to research if companies’ environmental performance relates to the quality of information contained in the environmental reports. Methods: In order to assess the environmental performance of companies involved we develop the Environmental Performance Index based on the Slovenian Environment Agency’s data on emissions in air, water and waste. We measured the correlation between the Environmental Performance Index and quality of environmental reporting using Spearman’s correlation coefficient. Results and Conclusion: The results of our analyses revealed that there is no significant correlation between companies’ environmental performance and the quality of their environmental reporting. However, the reasons for the obtained result can be at least partially attributed to the low quality level of analysed environmental reports. This is a reason why the calculated correlation is not as tangible as it would be if company reports would provide more information and therefore more data for analysis. Our findings suggest that voluntary environmental reporting should be complemented by legally defined mandatory elements for such reporting.
Keywords: environmental performance, environmental reports, environmental performance index, manufacturing
Published in DKUM: 25.09.2025; Views: 0; Downloads: 2
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3. Dynamic capabilities and environmental performance of high-tech SMEs in Pakistan – the role of eco-innovation and female executivesRameen Niamat, Fayyaz Hussain Qureshi, 2025, original scientific article Abstract: Background/Purpose: This study examines the relationship between dynamic capabilities (DCs) and environmental performance (EP) in high-tech SMEs in Pakistan, focusing on the key dimensions of sensing, seizing, and reconfiguration. Additionally, it explores the mediating role of environmental innovation (EI) and the moderating effect of female leadership on this relationship. Methods: A quantitative research approach was employed, using a structured questionnaire distributed among male and female Chief Executive Officers (CEOs), senior management personnel, and executives in high-tech SMEs. Data were analysed using structural equation modelling (SEM) to assess the relationships between DCs, environmental innovation, and environmental performance. Results: The findings indicate that seizing capabilities significantly enhances environmental performance, with a one-point increase leading to a 0.282-point improvement. Similarly, reconfiguration contributes positively, with a one-point increase resulting in a 0.227-point improvement. Both process innovation (path coefficient = 0.384, p = 0.001) and product innovation (path coefficient = 0.157, p = 0.043) positively influence environmental performance. However, female leadership did not exhibit a significant direct effect on environmental performance. Notably, female moderators negatively impacted the relationship between process innovation and environmental performance (-0.328), suggesting that in lower hierarchical positions, female inclusion may reduce the effectiveness of process innovation in achieving sustainability goals. Conclusions: The study provides empirical evidence on the role of dynamic capabilities and environmental innovation in enhancing sustainability in high-tech SMEs. It highlights the need for firms to strengthen their seizing and reconfiguration capabilities to improve environmental performance. Additionally, eco-innovation should be encouraged, and gender diversity in leadership should be strategically considered when designing innovation and sustainability strategies. These findings offer valuable insights for policymakers and industry practitioners aiming to foster sustainable business practices in high-tech SMEs in Pakistan.
Keywords: dynamic capabilities, environmental performance, high-tech SMEs, eco-innovation, female leadership
Published in DKUM: 07.08.2025; Views: 0; Downloads: 2
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4. A comprehensive review of the advances, manufacturing, properties, innovations, environmental impact and applications of ultra-high-performance concrete (UHPC)Gregor Kravanja, Ahmad Rizwan Mumtaz, Stojan Kravanja, 2024, review article Abstract: The article presents the progress and applications of ultra-high-performance concrete (UHPC), a revolutionary material in modern construction that offers unparalleled strength, durability, and sustainability. The overview includes the historical development of UHPC, covering its production and design aspects, including composition and design methodology. It describes the mechanical properties and durability of UHPC and highlights recent innovations and research breakthroughs. The potential integration of multifunctional properties such as self-heating, self-sensing, self-luminescence and superhydrophobicity, is explored. In addition, advances in nanotechnology related to UHPC are addressed. Beyond the actual material properties, the article presents an environmental impact assessment and a life-cycle cost analysis, providing an insight into the wider implications of using UHPC. To illustrate the environmental aspects, the determination of CO2 emissions is explained using three numerical examples. Finally, various applications of UHPC are presented, focusing on the construction of buildings and bridges. By synthesizing the above-mentioned aspects, this review paper captures the dynamic landscape of UHPC and serves as a valuable resource for researchers and engineers in the field of construction materials.
Keywords: ultra-high-performance concrete, UHPC, manufacturing, mechanical properties, durability, multifunctionality, environmental impact assessment, life-cycle costs
Published in DKUM: 02.07.2025; Views: 0; Downloads: 28
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5. Analyzing supply chain dynamics to enhance their environmental performance in the age of emerging technologies : doctoral dissertationSamar Kamal Mohamed, 2024, doctoral dissertation Abstract: Amid the rapid increase in environmental degradation and the depletion of natural resources, there has been a noticeable shift in global focus from economic issues to environmental concerns. The research conducted for the doctoral dissertation addresses the complexity of building supply chain resilience (hereafter: SCR) for long-term environmental sustainability. It examines the potential of new technologies, particularly blockchain technology (hereafter: BCT), as an innovative tool for enhancing the sustainability and resilience of supply chains, with a focus on uncertain environments. Utilizing Systems Theory (hereafter: ST) and the Knowledge-Based View (hereafter: KBV), this study aims to demonstrate how BCT adoption can improve environmental supply chain performance (hereafter: ESCP).
Empirical testing was conducted with respondents from manufacturing and service organizations in Egypt. The data collected was analyzed using structural equation modelling. The results revealed that BCT adoption alone had a negative direct impact on ESCP. However, when this relationship was mediated by SCR and sequentially mediated by customer integration and green customer information sharing, the results were positively rehabilitated.
This research provides valuable insights into how organizations can adapt to dynamic business environments and extends the theories of KBV and ST. It offers an empirical contribution by filling the gap in a more comprehensive understanding of how ESCP can be enhanced by adopting BCT.
Keywords: blockchain technology, supply chain, environmental performance, resilience, sustainability
Published in DKUM: 22.05.2025; Views: 0; Downloads: 20
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6. Measurement and improvement of airport’s environmental behavior: an empirical study from North African Countries (NAC) : doctoral dissertationAhmed Eid, 2024, doctoral dissertation Abstract: Environmental challenges have grown in worldwide relevance. Considering that most environmental issues are due to human behavior, it is crucial to be aware of environmental sustainability issues in airports where many environmental problems arise. It is worth noting that, in the global society of the 21st century, air transportation serves an important purpose as one of the logistics operations (a crucial component of the worldwide economic supply chain). Otherwise, the aviation sector is one of the factors that contribute to the degradation of the environment. Thus, environmental sustainability in airports is essential, as it is associated with conserving the airport environment from degradation. Since human actions create most environmental problems, fostering eco-friendly habits is seen as a viable strategy for a sustainable future. Hence, enforcing environmentally friendly behavior is vital to achieving environmental sustainability, considering the governing authorities' continuous and rising demand for transportation system sustainability. Thus, under the lances of reasoned action theory, the research aim is to improve the airport's environmental sustainability by developing a new model to develop specific stakeholders' environmental behavior, as environmental sustainability has become a pledge of every supply chain member. Investigating airport individuals' environmental behavior by measuring the impact of airport environmental knowledge and the airport's environmental sustainability performance on their environmental behavior through attitude and testing the moderating role of environmental advertising on the indirect effect of environmental sustainability performance and environmental sustainability knowledge. Notably, the research is based on the reasoned action theory since it concerns the motivation for behavior. The research contributes to extending the reasoned action theory since it strives to adopt the theory in North African airports. Moreover, this research would contribute to expanding the reasoned action theory by providing a theoretical model for understanding its abstract concepts by examining the impact of environmental sustainability knowledge, performance, attitude, and advertising on developing environmental behavior.
Keywords: environmental sustainability, airport, environmental sustainability performance, environmental knowledge, environmental behavior
Published in DKUM: 15.10.2024; Views: 0; Downloads: 39
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7. Blockchain technology adoption for improved environmental supply chain performance : the mediation effect of supply chain resilience, customer integration, and green customer information sharingSummer K. Mohamed, Sandra Haddad, Mahmoud Barakat, Bojan Rosi, 2023, original scientific article Abstract: Due to the complexity of building supply chain resilience (SCR) towards long-term environmental sustainability amendments, the use of emerging technologies such as Blockchain Technology (BCT) can be adopted as an innovative tool to enhance the sustainability and resilience of supply chains, especially in uncertain environments. Drawing on the Knowledge-Based View (KBV) and Dynamic Capability View (DCV), this research aims to demonstrate how the adoption of BCT can enhance the environmental supply chain performance (SCP). A total of 603 valid surveys were collected from respondents from manufacturing and service organizations in Egypt. The collected data were analyzed using structural equation modelling, and results revealed that BCT adoption alone had a negative direct impact on environmental SCP. However, when this relationship was mediated by SCR and sequentially mediated by customer integration and green customer information sharing, the results were positive. This research presents insights on how organizations can adapt to dynamic business environments, and, in addition, it extends the theories of KBV and DCV in an empirical contribution by filling the gap in understanding regarding how environmental SCP can be enhanced through the adoption of BCT.
Keywords: blockchain technology, environmental, supply chain, performance, resilience, customer integration, green, information sharing
Published in DKUM: 03.04.2024; Views: 235; Downloads: 9
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8. Thinking in messages – determine key performance indicators and create environmental reportsEdeltraud Günther, Daria Meyr, Natalia Mikhalenok, Pavel Pervov, Elena Gerasimova, Iurii Kholopov, Elena Lukenyuk, 2016, independent scientific component part or a chapter in a monograph Abstract: Environmental reporting aims to measure, disclose and to be accountable to internal and external stakeholders about to what extent the company uses the functions of the environment and takes action to improve environmental performance. Thus, the communication of a company has two objectives: for internal stakeholders’ environmental performance is measured in order to prepare decisions of corporate management, for external stakeholders the reporting on the environmental management system, the environmental performance, the ecology orientation of the value-added steps, the dealing with stakeholders and process and product innovations as well as environmental objectives are in the foreground. Finally, it should be noted that environmental reporting is increasingly part of sustainability reporting.
Keywords: environmental management, environmental reports, performance indicators
Published in DKUM: 11.05.2018; Views: 1560; Downloads: 91
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9. ISO 14000 - the purpose of environmental standard and its implementationBorut Jereb, Matjaž Knez, Darja Kukovič, Tina Cvahte Ojsteršek, Matevž Obrecht, Manuela Ingaldi, Dorota Klimecka-Tatar, 2016, independent scientific component part or a chapter in a monograph Abstract: International Organization for Standardization was founded with the aim to develop and introduce international trade using harmonized international standards in the field of manufacturing, trade and communications. The organization has its members in more than 120 countries whose representatives can participate in the creation of standards. ISO standards are voluntary and consensual. Countries often include these standards in their regulation and business sector (industry) often define them in the request of the market, and in both cases the use of standard becomes mandatory.
Keywords: environmental management, environmental standards, environmental performance, companies
Published in DKUM: 10.05.2018; Views: 1332; Downloads: 87
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10. Environmental management & audit 3: Controlling and stakeholders : Tempus project Recoaud2016, scientific monograph Abstract: The present scientific monograph, entitled “Environmental management & audit“, is the result of three years’ work on an international project entitled “Environmental management in Russian companies – retraining courses for the sensibilization for and integration of Eco-Audit programs in corporate decision-making (RECOAUD)”. Within its more than 600 pages, the monograph features interesting texts written by 31 authors from the European Union and the Russian Federation, edited by dr. Borut Jereb, Darja Kukovič and dr. Daria Meyr.
The monograph “Environmental management & audit“ is composed of four books: “Scarcity and Introduction of Environmental Management”, “Management Systems”, “Controlling and Stakeholders”, and “Environmental Assessment” (Featured Articles). These four topics reflect the complexity, heterogeneity and multidisciplinary of the project Tempus RECOAUD.
The reader of the monograph gets a comprehensive overview of theoretical perspectives of environmental management and audit in the chosen areas. Furthermore, the monograph also highlights the results of research in the field of environmental management and audit as well as trends and challenges in the development of this field. Providing insight into theoretical and research findings, the monograph will prove useful to both practitioners and researchers in the field of environmental management and audit; it can also be used for study purposes.
Keywords: logistics, environmental protection, alternatives, cost calculation, cost control, competitive constraints, stakeholders, performance indicators, environmental reports
Published in DKUM: 09.05.2018; Views: 1345; Downloads: 94
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