{"title":"Applying Sustainability Knowledge and Skills to Post-COVID Challenges","authors":"R. Parnell","doi":"10.18690/um.epf.5.2022.51","DOIUrl":"https://doi.org/10.18690/um.epf.5.2022.51","url":null,"abstract":"The term “wicked problems” describes urgent challenges that are ill-defined, dynamic, complex, public, and often intractable. They stem from interconnected economic, social and environmental problems. Sustainability professionals take a transdisciplinary approach to creating a more sustainable society when dealing with wicked problems like climate change, water policy, resource management, biodiversity, and sustainable development. As society adapts to the complexities of a postCOVID world, it has become increasingly important to incorporate broader perspectives in decision-making. With the many interconnected issues of health, economics, and politics left in the wake of COVID-19, the business community must examine the role of corporate responsibility in addressing these problems. Business can look to the field of sustainability science for tools to help with this. Sustainability is oriented toward problem-solving on a variety of scales, from entrepreneurial niche innovation to global accords. Sustainability expertise will tackle wicked problems evolving in the post-COVID-19 economy - the flow of raw materials through the economy and the development of social resources to address issues of justice, equity, diversity, and inclusion. Sustainability skills can be used to more efficiently acquire and use raw materials through the improved application of circular economy principles. Examples include how to use blockchain technology to create a more effective supply chain. Sustainability science also emphasises interpersonal and intrapersonal skills. These skills improve the acquisition and understanding of stakeholder perspectives, bridging differences in perspectives and vocabularies. Intrapersonal skills help to develop attitudes of community engagement and corporate responsibility, teaching how to incorporate stakeholder concerns in personal decision making. Sustainability professionals strive to build a more resilient, robust, efficient, and most importantly, effective society. A key focus is on building interactive networks and promoting community engagement and social responsibility.","PeriodicalId":217320,"journal":{"name":"6th FEB International Scientific Conference 2022","volume":"38 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129777240","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Sustainability and Labour Law","authors":"Joachim Gschwinder","doi":"10.18690/um.epf.5.2022.20","DOIUrl":"https://doi.org/10.18690/um.epf.5.2022.20","url":null,"abstract":"This article explores the question of how sustainability and labour law are interrelated. The modern world of work is characterised by the growing social and environmental responsibility of companies. Especially in the post-COVID era, sustainability also plays an increasingly important role in the corporate context, which is also noticeable in the so-called ‘war for talent’. Achieving personal career goals is no longer enough for employees today. Corporate values and in particular the socalled ESG criteria (Environment, Social, Governance) are thus also becoming increasingly important in the employment relationship and in corporate reporting requirements. In terms of social sustainability, labour law instruments can, for example, promote the creation of a discrimination-free working environment, the introduction of flexible working time models or the protection of whistleblowers. From an ecological perspective, labour regulations are also suitable for implementing ‘green mobility’ and other measures to reduce companies’ ecological footprints. Working from home, which experienced a huge boom during the COVID-19 pandemic, is also sustainable, especially from an ecological point of view. Appropriate consideration of these sustainable work tools in future corporate social responsibility (CSR) strategies not only creates a competitive advantage but can also be beneficial in recruitment.","PeriodicalId":217320,"journal":{"name":"6th FEB International Scientific Conference 2022","volume":"26 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125928858","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Valentina Kolačko, Ivan Malbašić Ivan Malbašić, Lorena Pikl
{"title":"The Impact of the COVID-19 Pandemic on Team Management","authors":"Valentina Kolačko, Ivan Malbašić Ivan Malbašić, Lorena Pikl","doi":"10.18690/um.epf.5.2022.13","DOIUrl":"https://doi.org/10.18690/um.epf.5.2022.13","url":null,"abstract":"The COVID-19 pandemic caused organisational changes and forced greater flexibility in terms of jobs and the digitalisation of business processes, which has also affected team management in a business environment. The aim of this paper is to investigate and systematically show what changes in team management have occurred due to the COVID-19 pandemic in small and medium-sized enterprises (SMEs) engaged in computer programming. For this purpose, the authors conducted in-depth interviews with team leaders in a sample of companies from Varaždin County in Croatia. The research results reveal how SMEs responded to the challenges posed by the COVID-19 pandemic. These include, among others, reorganising team roles and responsibilities, ensuring timely and transparent communication, adapting employees to new ways of working, and strengthening organisational culture to preserve fundamental corporate values. The research also showed what the observed companies have done to put in place measures to resolve future crises and the fundamental positive changes in team management caused by the pandemic. Therefore, in addition to the scientific contribution, this paper can be of practical help to those facing the challenge of leading teams during challenging times, such as that of COVID-19.","PeriodicalId":217320,"journal":{"name":"6th FEB International Scientific Conference 2022","volume":"12 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125327963","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Sustainable Procurement: The Requisite International Business Strategy","authors":"Romana Korez Vide","doi":"10.18690/um.epf.5.2022.47","DOIUrl":"https://doi.org/10.18690/um.epf.5.2022.47","url":null,"abstract":"This paper explores the foundation, concept, benefits and mechanisms for implementing sustainable procurement. To achieve the purpose of this research, the author reviewed the key findings of relevant studies and observed them in the context of the current turbulent global geopolitical, economic, social and environmental circumstances. The author claims that sustainable procurement influences the extent and benefits of sustainability implementation in the whole supply chain. Successfully encouraging suppliers to implement sustainability aspects into their production or service activities/processes accelerates a company’s enforcement of sustainability into the whole supply chain, which triggers positive impacts on its value chain creation. Considering the higher stringency of international regulation on sustainability compliance, the positive impacts of sustainability implementation in procurement and supply chain contribute to a company’s higher global competitiveness. Additionally, sustainable procurement shows a company’s adherence to social responsibility for current global challenges. This research implies that sustainable procurement is a requisite international business strategy","PeriodicalId":217320,"journal":{"name":"6th FEB International Scientific Conference 2022","volume":"150 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116358352","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"How the Pandemic Has Impacted CSR and Employee Volunteerism in the SME Sector","authors":"Anita Kolnhofer-Derecskei, Regina Reicher","doi":"10.18690/um.epf.5.2022.41","DOIUrl":"https://doi.org/10.18690/um.epf.5.2022.41","url":null,"abstract":"Social and economic sustainability has become a crucial issue in the corporate sector over recent decades, both in large and small- and medium-sized enterprises (SME). The shock caused by the global pandemic has prompted SME players to rethink their operations. It has motivated them to develop sustainable processes to ensure their long-term economic and competitive presence in the market. The aim of this article is to provide a literature review of operational areas that can be examined and developed from the scope of Corporate Social Responsibility (CSR), which is a concept relating to understanding a business being part of society. Another scope underlined is employee volunteerism as an essential part of CSR activities. However, restrictions due to the COVID-19 pandemic have rewritten enterprises’ willingness to help and ways of providing such help. This paper provides a preliminary study of how employee volunteerism might work in the extraordinary COVID-19 situation. This study is a review article, which has been written to bring together and summarise the results/conclusions from multiple original research articles/studies. The authors of this study aim to provide practitioners with an overview to help them adapt to today’s rapidly changing environment.","PeriodicalId":217320,"journal":{"name":"6th FEB International Scientific Conference 2022","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114822927","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Circular Economy - The Way to Survive in a Post-pandemic Situation","authors":"Beka Baiashvili","doi":"10.18690/um.epf.5.2022.1","DOIUrl":"https://doi.org/10.18690/um.epf.5.2022.1","url":null,"abstract":"The crisis caused by coronavirus has hit the world economy and business sector particularly hard. The recovery process after this crisis will not be easy. The circular economy has become one of the most crucial discussion topics globally. It can help countries overcome the emerging economic problem caused by the coronavirus pandemic. The circular economy is a production and consumption model which involves sharing,leasing, reusing, repairing, refurbishing and recycling existing materials and products for as long as possible, thus extending the lifecycle of products. According to preliminary estimates, the circular economy could create 700,000 jobs in the EU by 2030 and increase GDP by billions of dollars. In order to implement the circular economy, the joint involvement of the private and public sectors is vital to achieving a positive synergistic effect. This paper discusses why the circular economy is essential because it is facing global climate change and what steps should be implemented. At the same time, it can create the opportunity for rapid economic recovery in the post-crisis period. Additionally, how can this approach contribute to economic recovery and business revival in a post-pandemic situation, and what role do political decision-makers play in implementing the circular economy.","PeriodicalId":217320,"journal":{"name":"6th FEB International Scientific Conference 2022","volume":"73 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126060233","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Corporate Governance in the COVID-19-Era Through the Prism of NonFinancial Reporting","authors":"Andreja Primec, Jernej Belak","doi":"10.18690/um.epf.5.2022.12","DOIUrl":"https://doi.org/10.18690/um.epf.5.2022.12","url":null,"abstract":"Non-financial reporting is undoubtedly an essential institutional measure aimed at socially responsible corporate governance and thus at the sustainable development of corporations and society in general. Large corporations were required to disclose information on non-financial performance in their 2017 financial report for the first time. The COVID-19 pandemic has caused socio-economic damage, exposed workers' vulnerability, and highlighted the fragility of supply chains. In this paper, the authors have analysed the practice of selected Slovenian corporations in non-financial reporting by observing the companies' disclosed non-financial data during the 2020 epidemic. The aim of this study is to consider how well corporations have adapted to the challenges of the COVID-19 epidemic. The results of the case study will show how the selected Slovenian corporations are striving to consider the interests of workers in their governance in times of emergencies such as the COVID-19 epidemic. Moreover, in light of the new Corporate Sustainability Reporting Directive (CSRD), these results will provide a good starting point for future research into whether the selected Slovenian corporations are on the right path towards sustainable corporate governance and/or what they need to change in this area to achieve their goals.","PeriodicalId":217320,"journal":{"name":"6th FEB International Scientific Conference 2022","volume":"50 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128877394","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Interval Effect During the COVID-19 Pandemic – The Case of the Warsaw Stock Exchange","authors":"Lisicki Bartłomiej","doi":"10.18690/um.epf.5.2022.6","DOIUrl":"https://doi.org/10.18690/um.epf.5.2022.6","url":null,"abstract":"One of the difficulties in the process of estimating beta coefficients (β) is indicating the interval for measuring the return necessary to calculate it. Using various time intervals to calculate β, significant differences in estimates were noticed. The occurrence of these differences is called the interval effect. The aim of this study is to determine whether the occurrence of the interval effect also occurred among shares in the Warsaw Stock Exchange Index during the COVID-19 pandemic. The significant destabilisation of economic conditions has led to strong turmoil in capital markets. This situation creates research motives that can be used to discover new dependencies in capital markets. The aim of this paper is to check whether in years of spread of the COVID-19 pandemic, it was possible to observe other levels of β among companies on the WIG in the situation of a different approach to estimating returns on their shares). Therefore, in the period analysed, the interval effect can be noticed on the WSE. Interestingly, among the detailed relationships analysed, it was noticed that along with the extension of the time interval of returns, the β increased for companies with higher capitalisation.","PeriodicalId":217320,"journal":{"name":"6th FEB International Scientific Conference 2022","volume":"66 8","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114129793","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Lea Krulc, Janja Orovič, Lena Prosen, Jaka Zdovc, Gašper Žižek
{"title":"Cooperation of Employees and Employers in Occupational Safety and Health Management","authors":"Lea Krulc, Janja Orovič, Lena Prosen, Jaka Zdovc, Gašper Žižek","doi":"10.18690/um.epf.5.2022.50","DOIUrl":"https://doi.org/10.18690/um.epf.5.2022.50","url":null,"abstract":"The main theme of this paper is worker-employer cooperation in occupational health and safety management. This is one of the most topical topics, since the provision of occupational health and safety is key to reducing risks in the workplace. Therefore, questions arise about how to ensure that the health and safety problem in a company or organisation is addressed by the employer and employee working together. Many companies are tackling this issue in different ways, whether through employee motivation, on-the-job training, raising awareness, cooperation, etc. Various research has been conducted on this topic, which has shown the positive results of cooperation in occupational health and safety management. This paper thus deals with the themes of employer-employee interaction, in which mutual communication, risk reduction and prevention are key. The paper then goes on to compare governance in the European Union and Slovenia. Given the situation that forced large numbers of employees to work remotely during the COVID-19 pandemic, the subject is also approached from this aspect, how employers can ensure employee safety when working from home. At the end of the paper, some examples are given of how Slovenian and foreign companies are tackling and solving the problem in practice.","PeriodicalId":217320,"journal":{"name":"6th FEB International Scientific Conference 2022","volume":"15 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128553812","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The COVID-19 Pandemic and the Arm's Length Principle","authors":"R. Tóth, Tamás Kovács","doi":"10.18690/um.epf.5.2022.23","DOIUrl":"https://doi.org/10.18690/um.epf.5.2022.23","url":null,"abstract":"The wide-ranging economic impacts of the COVID19 pandemic suggest that previous analysis methods such as the arm’s length principle can no longer be fully applied in the usual way. The SARS-CoV-2 virus has disrupted companies’ accounting, administration, and controlling systems. These systems are essential for analysing the prices applied to related companies. Comparative data evaluation over time is essential to understanding an economic entity. The different measures governments have implemented to contain the epidemic and help businesses to operate have disrupted the economy. Thus, the year-on-year business performance is no longer comparable using annual historical data. Considering future changes in contractual relations analysis is also necessary because nontransitory factors should also be assessed. These factors are incorporated in the countervalue of pricing, which also changes the cost price calculation methodology. Determining force majeure situations is crucial in contracts since its assessment is a legal problem, even for independent undertakings. This paper aims to show how national GDP data help examine the application of the arm’s length principle. Since the COVID-19 pandemic, internal comparative prices, pricing mechanisms and pricing principles have become more valued than the use of external comparables. This trend is expected to continue.","PeriodicalId":217320,"journal":{"name":"6th FEB International Scientific Conference 2022","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130168435","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}