Abstract : The focus of this chapter's examination of sustainable management practices and research directions for a green economy is on the incorporation of green technologies, the usage of renewable energy, ESG ratings, and life cycle assessments. It examines frameworks, policy procedures, and significant implementation barriers such as financial constraints, inconsistent policies, and concerns about greenwashing at the national and international levels. The importance of public-private partnerships and digital transformation in advancing sustainability is emphasized, along with real-world case studies demonstrating effective corporate initiatives. The chapter concludes with suggestions for future research objectives to advance global sustainability goals.
Keywords : Sustainable management, Green economy, corporate sustainability, Environmental governance, ESG, Circular economy, Green innovation.
Cite : Patel, M., Gopalan, M. S., & Rajpurohit, C. (2025). Sustainable Management Practices: Research Pathways for a Green Economy (1st Ed., Pp. 123-159). Noble Science Press. Https://Noblesciencepress.Org/Chapter/Nspebaardamgp2025ch-13
References :
Imppola, J. J. (2020). Global economy and its sustainability in the globalized world. SHS Web of Conferences, 74, 04008. EDP Sciences. https://doi.org/10.1051/shsconf/20207404008.
Kissinger, M., Rees, W. E., & Timmer, V. (2011). Interregional sustainability: governance and policy in an ecologically interdependent world. Environmental science & policy, 14(8), 965-976. https://doi.org/10.1016/j.envsci.2011.05.007.
Sharma, R. (2024). Sustainable and ethical management practices. In Futuristic trends in management (Vol. 3, Book 20, Part 9, Ch. 3, p. 338). IIP Series.
Penc-Pietrzak, I. (2003). Analiza strategiczna w zarz?dzaniu firm?: Koncepcja i stosowanie [Strategic analysis in company management: Concept and application]. C.H. Beck.
Olsen, E. (2003). Rethinking value–based management. Handbook of Business Strategy, 4, 286–301. https://doi.org/10.1108/10775730310495967
Cyfert, S. Z. (2004). Kreowanie warto?ci przez organizacj? w perspektywie teorii firmy [Creation of value by the organization from the perspective of the company’s theory]. Akademia Ekonomiczna we Wroc?awiu.
Cyert, R. M., & March, J. G. (2001). A behavioral theory of the firm. Blackwell Publishers.
Shiva, V. (2024, September). Sustainable management practices in the circular economy: Balancing environmental and economic goals. Universal Research Reports, 11(4), 170–174. https://doi.org/10.36676/urr.v11.i4.1346.
Agbakwuru, V., Onyenahazi, O. B., Antwi, B. O., & Oyewale, K. (2024, September). The impact of environmental, social, and governance (ESG) reporting on corporate financial performance. International Journal of Research Publication and Reviews, 5(9), 3629–3644. https://doi.org/10.55248/gengpi.5.0924.2710.
Yarime, M., Trencher, G., Mino, T. et al. Establishing sustainability science in higher education institutions: towards an integration of academic development, institutionalization, and stakeholder collaborations. Sustain Sci 7 (Suppl 1), 101–113 (2012). https://doi.org/10.1007/s11625-012-0157-5.
Breitbarth, T., & Herold, D. M. (2018). Closing the academia-practice gap in corporate sustainability management research: Challenges and bridges. Journal of Environmental Sustainability, 6(1), 54-71.
Rau, H., Goggins, G., & Fahy, F. (2018). From invisibility to impact: Recognising the scientific and societal relevance of interdisciplinary sustainability research. Research policy, 47(1), 266-276.
Bari, N. (2023). Investigating dynamic capabilities for sustainability-driven competitive advantage.
Alquraish, M. (2025). Digital Transformation, Supply Chain Resilience, and Sustainability: A Comprehensive Review with Implications for Saudi Arabian Manufacturing. Sustainability, 17(10), 4495. https://doi.org/10.3390/su17104495.
Dissanayaka, I. I. K., & Bandara, M. N. G. K. (2025). Strategic Integration of Sustainable Development Goals in Manufacturing Multinational Enterprises in Sweden. A Qualitative Case study on Swedish Multinational Enterprises.
Veesapen, N. (2024). Leading MSMEs through times of uncertainty: the impact of Responsible Leadership on employee resilience and well-being (Doctoral dissertation, University of Essex).
. Goubran, S. (2019). On the role of construction in achieving the SDGs. Journal of Sustainable Research, 1, e190020. https://doi.org/10.20900/jsr20190020.
Lozano, R., & Barreiro-Gen, M. (2022). Organisations' contributions to sustainability: An analysis of impacts on the Sustainable Development Goals. Sustainable Development, 30(6), 1525–1544. https://doi.org/10.1002/sd.2314.
Montiel I, Cuervo-Cazurra A, Park J, Antolín-López R, Husted BW. Implementing the United Nations' Sustainable Development Goals in international business. J Int Bus Stud. 2021;52(5):999-1030. doi: 10.1057/s41267-021-00445-y.
Messerli, P., & Kim, E. (2024). Alignment mechanisms to effectively govern the Sustainable Development Goals. World Development, 182, 106721. https://doi.org/10.1016/j.worlddev.2024.106721.
Pirzada, K., Ahmed, K., & Moens, G. (2023). Aligning Corporate Strategies with the Sustainable Development Goals. Foresight and STI Governance, 17(2), 5–7.
Hajian, M., & Kashani, S. J. (2021). Evolution of the concept of sustainability. From Brundtland Report to sustainable development goals. In Sustainable resource management (pp. 1-24). Elsevier.
Ruggerio, C. A. (2021). Sustainability and sustainable development: A review of principles and definitions. Science of the total environment, 786, 147481.
Ghiasi, M., Wang, Z., Mehrandezh, M., Jalilian, S., & Ghadimi, N. (2023). Evolution of smart grids towards the Internet of energy: Concept and essential components for deep decarbonisation. IET Smart Grid, 6(1), 86-102.
Srivastava, A.K., Dixit, S. & Srivastava, A.A. Criticism of Triple Bottom Line: TBL (With Special Reference to Sustainability). Corp Reputation Rev 25, 50–61 (2022). https://doi.org/10.1057/s41299-021-00111-x.
van Bueren, B. J., Leenders, M. A., Iyer-Raniga, U., & Argus, K. (2023). How eco-champions solve the triple-bottom-line challenge. Journal of Cleaner Production, 427, 139068.
Yücel Ozturkoglu, Ferika Ozer Sari, Ebru Saygili; A new holistic conceptual framework for sustainability oriented hospitality innovation with triple bottom line perspective. Journal of Hospitality and Tourism Technology 8 April 2021; 12 (1): 39–57. https://doi.org/10.1108/JHTT-02-2019-0022.
Ozturkoglu, Y., Sari, F. O., & Saygili, E. (2021). A new holistic conceptual framework for sustainability oriented hospitality innovation with triple bottom line perspective. Journal of Hospitality and Tourism Technology, 12(1), 39-57.
Apriantoro, M. S., Widyastuti, H., El Ashfahany, A., & Murtadla, A. A. (2024). Sustainability and Green Economy in Developmental Paradigms: A Bibliometric Analysis of Scholarly Trends and Transformations. Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE), 7(2), 4587-4610. https://doi.org/10.31538/iijse.v7i2.4786.
Aoki-Suzuki, C. (2015). Green Economy and Green Growth in international trends of sustainability indicators. In The Economics of Green Growth (pp. 23-46). Routledge.
Zhang, Z. (2022). Evolution paths of green economy modes and their trend of hypercycle economy. Chinese Journal of Population, Resources and Environment, 20(1), 1-11.
Kuznetsova, S.N., Kozlova, E.P., Kuznetsov, V.P., Tsymbalov, S.D. (2022). “Green” Economy as a Trend in the Socio-economic Development of Russia. In: Popkova, E.G. (eds) Business 4.0 as a Subject of the Digital Economy. Advances in Science, Technology & Innovation. Springer, Cham. https://doi.org/10.1007/978-3-030-90324-4_108.
Y. Saidu, S. M. Shuhidan, D. A. Aliyu, I. Abdul Aziz and S. Adamu, "Convergence of Blockchain, IoT, and AI for Enhanced Traceability Systems: A Comprehensive Review," in IEEE Access, vol. 13, pp. 16838-16865, 2025, doi: 10.1109/ACCESS.2025.3528035.
Tsolakis, N., Schumacher, R., Dora, M. et al. Artificial intelligence and blockchain implementation in supply chains: a pathway to sustainability and data monetisation?. Ann Oper Res 327, 157–210 (2023). https://doi.org/10.1007/s10479-022-04785-2.
Ahmed, I., Zhang, Y., Jeon, G., Lin, W., Khosravi, M. R., & Qi, L. (2022). A blockchain?and artificial intelligence?enabled smart IoT framework for sustainable city. International Journal of Intelligent Systems, 37(9), 6493-6507.
Friede, G. (2019). Why don't we see more action? A metasynthesis of the investor impediments to integrate environmental, social, and governance factors. Business Strategy and the Environment, 28(6), 1260–1282. https://doi.org/10.1002/bse.2346
Dyllick, T., & Hockerts, K. (2002). Beyond the business case for corporate sustainability. Business Strategy and the Environment, 11(2), 130–141. https://doi.org/10.1002/bse.323
Baumgartner, R. J., & Ebner, D. (2010). Corporate sustainability strategies: Sustainability profiles and maturity levels. Sustainable Development, 18(2), 76–89. https://doi.org/10.1002/sd.447.
Engert, S., Rauter, R., & Baumgartner, R. J. (2016). Exploring the integration of corporate sustainability into strategic management: A literature review. Journal of Cleaner Production, 112, 2833–2850.
Winnard, J., Lee, J., & Skipp, D. (2018). Putting resilient sustainability into strategy decisions—Case studies. Management Decision, 56(7), 1598–1612. https://doi.org/10.1108/MD-11-2017-1124.
Chmutova I. Formulating Key Performance Indicators For An Integrated Enterprise Management System Using A Sustainable Development Balanced Scorecard / I. Chmutova, X. Guo, Q. Zhang and other // Development Service Industry Management. – 2024. - ?(2). - ?. 270–278.
Loai Ali Zeenalabden Ali Alsaid, Charles Anyeng Ambilichu; Performance measurement in urban development: unfolding a case of sustainability KPIs reporting. Journal of Accounting in Emerging Economies 9 February 2024; 14 (1): 48–74. https://doi.org/10.1108/JAEE-09-2021-0299.
Shekarian, E., Ijadi, B., Zare, A., & Majava, J. (2022). Sustainable Supply Chain Management: A Comprehensive Systematic Review of Industrial Practices. Sustainability, 14(13), 7892. https://doi.org/10.3390/su14137892.
Habib, M. A., Bao, Y., Nabi, N., Dulal, M., Asha, A. A., & Islam, M. (2021). Impact of strategic orientations on the implementation of green supply chain management practices and sustainable firm performance. Sustainability, 13(1), 340.
Habib, M. A., Bao, Y., Nabi, N., Dulal, M., Asha, A. A., & Islam, M. (2021). Impact of Strategic Orientations on the Implementation of Green Supply Chain Management Practices and Sustainable Firm Performance. Sustainability, 13(1), 340. https://doi.org/10.3390/su13010340.
Biswas, P., Rashid, A., al Masum, A., Al Nasim, M. D. A., Ferdous, A. S. M. A., Gupta, K. D., & Biswas, A. (2025). An extensive and methodical review of smart grids for sustainable energy management-addressing challenges with AI, renewable energy integration and leading-edge technologies [Preprint]. arXiv. https://doi.org/10.48550/arXiv.2501.14143.
Chen, L., Hu, Y., Wang, R. et al. Green building practices to integrate renewable energy in the construction sector: a review. Environ Chem Lett 22, 751–784 (2024). https://doi.org/10.1007/s10311-023-01675-2.
Bondinuba, F. K. (2012). Exploring the challenges and barriers in accessing financial facilities by small and medium construction firms in Ghana. Civil and Environmental Research, 2(6), 25–35. International Institute for Science, Technology and Education (IISTE). http://www.iiste.org/Journals/index.php/CER/article/view/188.
Rasheed, K., Saad, S., Zaland, A., Khan, M. W., Ali, Z., Haris, M., Ammad, S., & Sadiq, T. (2024). Circular economy and critical barriers: Mapping the pathways and success metrics for sustainable circular success in industrialised South Asian developing nations. Results in Engineering, 24, 102995. https://doi.org/10.1016/j.rineng.2024.102995.
Deneise Dadd, Matthew Hinton; Performance measurement and evaluation: applying return on investment (ROI) to human capital investments. International Journal of Productivity and Performance Management 10 November 2023; 72 (9): 2736–2764. https://doi.org/10.1108/IJPPM-10-2021-0573.
Dick-Sagoe, C., Lee, K.Y., Odoom, D. et al. Stakeholder perceptions on causes and effects of public project failures in Ghana. Humanit Soc Sci Commun 10, 14 (2023). https://doi.org/10.1057/s41599-022-01497-7.
Gatti, L., Seele, P. & Rademacher, L. Grey zone in – greenwash out. A review of greenwashing research and implications for the voluntary-mandatory transition of CSR. Int J Corporate Soc Responsibility 4, 6 (2019). https://doi.org/10.1186/s40991-019-0044-9.
Negi P., Jaiswa lA.. Sustainable bonds as a sustainable financial instrument: thematic insights and future prospects. Qualitative Research in Financial Markets 2024; https://doi.org/10.1108/QRFM-01-2024-0018.
Bobojonova , M. . (2025). THE ROLE AND PROMISING DIRECTIONS OF GREEN BONDS IN FINANCING THE GREEN ECONOMY IN THE GLOBAL FINANCIAL MARKET. International Journal of Artificial Intelligence, 1(2), 1067–1071. Retrieved from https://inlibrary.uz/index.php/ijai/article/view/75671.
Raman, R., Ray, S., Das, D., & Nedungadi, P. (2025). Innovations and barriers in sustainable and green finance for advancing sustainable development goals. Frontiers in Environmental Science, 12, 1513204.
George, G., Merrill, R.K., & Schillebeeckx, S.J.D. (2021). Digital sustainability and entrepreneurship: How digital innovations are helping tackle climate change and sustainable development. Business Strategy and the Environment, 30(1), 1-17. https://doi.org/10.1002/bse.2698
Saberi, S., Kouhizadeh, M., Sarkis, J., & Shen, L. (2019). Blockchain technology and its relationships to sustainable supply chain management. International Journal of Production Research, 57(7), 2117–2135. https://doi.org/10.1080/00207543.2018.1533261.
United Nations Conference on Trade and Development (UNCTAD). (2022). Digital economy report 2022: The rise of the data economy. Retrieved from https://unctad.org/digital-economy.
Popowicz, M., Katzer, N.J., Kettele, M. et al. Digital technologies for life cycle assessment: a review and integrated combination framework. Int J Life Cycle Assess 30, 405–428 (2025). https://doi.org/10.1007/s11367-024-02409-4.
Pan, S. L., & Nishant, R. (2023). Artificial intelligence for digital sustainability: An insight into domain-specific research and future directions. International Journal of Information Management, 72, Article 102668. https://doi.org/10.1016/j.ijinfomgt.2023.102668.
Reis J, Melão N. Digital transformation: A meta-review and guidelines for future research. Heliyon. 2023 Jan 7;9(1):e12834. doi: 10.1016/j.heliyon.2023.e12834. PMID: 36691547; PMCID: PMC9860428.
Reis J, Melão N. Digital transformation: A meta-review and guidelines for future research. Heliyon. 2023 Jan 7;9(1):e12834. doi: 10.1016/j.heliyon.2023.e12834. PMID: 36691547; PMCID: PMC9860428.