From compliance to strategy: How companies turn sustainability into action
Abstract
The development of the EU Sustainability Reporting Directive (CSRD) and the European Commission's Omnibus initiative, launched in February, are impacting companies' practical sustainability efforts. As existing regulations and laws affect companies' sustainable development, the VALIOT project companies have outlined and considered concrete measures regarding the impacts of sustainable development in practical business. The companies have utilized VRIO, PESTEL, and 8-field analyses to determine the concrete implications of sustainability factors. This article discusses influential and relevant sustainability factors for case companies to meet their stakeholders' current and future demands.
Keywords:
PESTEL, SME, VRIO, 8-Field analysis
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This is an Open Access article distributed under the terms of the conference license.