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Moreover, as a consequence of these reductions, a decrease in the environmental impact and an increase of sustainability can be achieved.
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The calculation of the optimal increase of the sustainability maturity level can be implemented, e.g., in Microsoft Excel.
Altogether, the presented decision model allows identifying the economically optimal increase of the sustainability maturity level of each identified corporate activity and thus represents a first approach to quantify decisions regarding transformation towards sustainability.
The presented approach thus allows aligning ecological, social, and economic objectives and drawing economically reasonable conclusions in this context by determining the optimal increase of the sustainability maturity level.
We therefore, also propose a decision model, which allows aligning ecological, social and economic objectives in order to draw economically useful conclusions by determining the optimal increase of the sustainability maturity level.
Miller and Serafeim argue that rather than being a threat to the longevity of the CSO role, increased integration of sustainability throughout corporate hierarchies could create new opportunities.
This could be accomplished by increasing awareness of sustainability issues.
In recent years, transportation agencies and the general public alike are demanding increased considerations of sustainability in transport infrastructure.
Fahimnia et al. (2015) employ citation network analysis to identify research clusters of SC risks in quantitative modeling research and emphasize the increasing relevance of sustainability risk analysis.
However, this type of study can give additional value to the discussion due to the increasing role of sustainability in energy issues.
This annual analysis of the sustainability disclosure of business corporations found that, despite the increasing awareness of sustainability reporting standards in the United States, progress continues to be slow.
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