Multi-Perspective Analysis of the Sustainable Transformation of Multinational Companies

Abstract

The sustainability transition has been defined as “a radical shift to a sustainable society” as a response to some of the ongoing issues facing the new mainstream economies. However, the importance of sustainable transition has been overlooked by many countries and large organisations. As climate change and energy scarcity become urgent, many large organisations are pursuing sustainable transformation to achieve low cost and resource reuse. A study of the existing literature reveals that the literature on the sustainable transformation of large organisations and multinational corporations is limited and not analysed more comprehensively. This paper aims to illustrate methods and recommendations for the sustainable transition of multinationals and to analyze the sustainable transition of multinationals using different theoretical factors and sustainability models. For example, the three pillars of sustainability, this section illustrates the operational and technological transformation of multinational companies; the 10 R’s of sustainability and value creation demonstrate the concepts that multinational companies focus on to meet their success criteria for sustainable transformation; and the importance of sustainable transition for multinational companies is also analyzed from the perspective of supply chain and corporate social responsibility. Meanwhile, links are made between these theories and models, indicating the importance of focusing on multiple dimensions for better accomplishing the sustainable transition.