Sustainable Development Goal-Related Innovations and Financial Performance: Evidence From European Grocery Retailers

IF 9.1 2区管理学 Q1 BUSINESS

Corporate Social Responsibility and Environmental Management Pub Date : 2025-06-09 DOI:10.1002/csr.70013

Mónika-Anetta Alt, Zombor Berezvai, Irma Agárdi

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Abstract

The grocery retail industry is of great economic importance, with millions of people employed in the sector and billions of customers served. Consequently, the sustainability initiatives undertaken by retailers have a substantial impact. This paper explores the impact of innovations related to the Sustainable Development Goals (SDGs) on retailers' financial performance. The findings of this study indicate that the 18 largest European grocery retailers introduced 2701 innovations between 2007 and 2021, of which 783 were SDG-related. Furthermore, these SDG-related innovations impacted financial performance positively. Innovations related to SDG2 (zero hunger), SDG9 (industry, innovation and infrastructure), and SDG12 (responsible consumption and production) had a significant and positive effect on the financial performance of grocery retailers, thereby inspiring a new wave of sustainability-related practices in the industry. The present study contributes to the extant literature by demonstrating that profitable SDG-related innovations have been identified in all three areas of the triple bottom line approach.

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可持续发展目标相关的创新和财务绩效：来自欧洲杂货零售商的证据

食品杂货零售业具有重要的经济意义，该行业雇用了数百万人，为数十亿客户提供服务。因此，零售商采取的可持续发展举措具有重大影响。本文探讨了与可持续发展目标（sdg）相关的创新对零售商财务绩效的影响。这项研究的结果表明，18家最大的欧洲杂货零售商在2007年至2021年间推出了2701项创新，其中783项与可持续发展目标有关。此外，这些与可持续发展目标相关的创新对财务业绩产生了积极影响。与可持续发展目标2（零饥饿）、可持续发展目标9（产业、创新和基础设施）和可持续发展目标12（负责任的消费和生产）相关的创新对杂货零售商的财务业绩产生了显著的积极影响，从而激发了该行业与可持续发展相关的新浪潮。本研究通过证明在三重底线方法的所有三个领域都确定了与可持续发展目标相关的有利可图的创新，从而对现有文献做出了贡献。

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来源期刊

Corporate Social Responsibility and Environmental Management Multiple-

CiteScore

17.20

自引率

16.30%

发文量

189

期刊介绍： Corporate Social Responsibility and Environmental Management is a journal that publishes both theoretical and practical contributions related to the social and environmental responsibilities of businesses in the context of sustainable development. It covers a wide range of topics, including tools and practices associated with these responsibilities, case studies, and cross-country surveys of best practices. The journal aims to help organizations improve their performance and accountability in these areas. The main focus of the journal is on research and practical advice for the development and assessment of social responsibility and environmental tools. It also features practical case studies and evaluates the strengths and weaknesses of different approaches to sustainability. The journal encourages the discussion and debate of sustainability issues and closely monitors the demands of various stakeholder groups. Corporate Social Responsibility and Environmental Management is a refereed journal, meaning that all contributions undergo a rigorous review process. It seeks high-quality contributions that appeal to a diverse audience from various disciplines.