Alena Kocmanová

Corporate Sustainability Reporting and Measuring Corporate Performance

Corporate sustainability reporting and the measurement of environmental, social, economic and governance performance are discussed in the paper. These are necessary tools of top management for the company strategy choice of sustainable success. In doing so, the relationship between company performance and these factors is important, therefore, the need to develop the modern and advanced methods and metrics to identify them mainly based on the quantification with the possibility of utilization of information and communication technology. This is discussed in the paper.

Determination of environmental, social and corporate governance indicators: framework in the measurement of sustainable performance

The article is concerned with determination of environmental, social and corporate governance (ESG) indicators of performance. The objective of carried-out empirical research is to determine ESG indicators as a key framework of the measurement of sustainable performance of a company in its Sustainable Reporting. On the basis of conducted empirical research, applying factor analysis, the environmental, social and corporate governance indicators for companies active in the processing industries CZ-NACE have been specified. The indicators were selected in a series of successive phases by a multi-factor analysis. The results of factor analysis indicated that the factors fall into three measurement categories: environmental ( Investments, Emissions, Source Consumption, Waste ), social ( Society, Human Rights, Labour Practices and Decent Work, Product Responsibility ), and corporate governance ( Monitoring and Reporting, Corporate Governance Effectiveness, Corporate Governance Structure, Compliance ). This article contributes to the effort to solve measurement of performance of the corporate sustainability and proposal to conceptual framework of ESG indicators of performance for the Sustainability Reporting of Czech companies operating in the processing industry.

Development of Corporate Governance Performance Indicators for Czech Manufacturing Companies

Abstract Effective corporate governance is a key element in achieving long-term success for any company. The codes of conduct that corporate governance adopts directly determine the sustainability of business activities. With this in mind, this paper aims to demonstrate the results of research that identifies a set of key indicators of corporate governance performance. The presented research is quantitative. In order to identify key performance indicators, factor analysis was employed. It was found that corporate governance performance is influenced by two factors. For the first factor, the relationship between corporate governance and stakeholders is measured by key indicators: percentage of women within CG, contributions to political parties, politicians and related institutions and number of complaints received from stakeholders. The second factor, strategy & compliance, is generated from the following: percentage of strategic objectives met and total number of sanctions for breaching the law. This research aims to assist both academic and corporate practitioners who want to improve corporate governance performance and, through the use of key performance indicators, support the transparency and sustainability of their business.

PROMETHEE-GAIA Method as a Support of the Decision-Making Process in Evaluating Technical Facilities

This paper describes the application of PROMETHEE-GAIA methodology in a multiple criteria analysis to rank potential environmental investments in mineral-processing companies. The intent of the paper is to identify best technical facilities on the basis of preferential relations between a set of variants. The method of Total Cost Analysis (TCA) was chosen to define the criteria. The economic and environmental costs, as well as the benefits of these technical facilities, were determined by means of this method. PROMETHEE is one of the methods in the Multi Criteria Analysis (MCA) category. The MCA, as the name implies, deals with the evaluation of a number of variants by several criteria. The technical facility was selected by a comparative analysis involving five influential parameters (Investment Costs, Annual Operating Costs, Operating Income, Administrative Costs and Disposal Fees, Economic and Environmental Benefits). As expected, the analysis resulted in a preferential ranking of these technical facilities.

Measuring and Benchmarking Corporate Environmental Performance

Corporate environmental performance is discussed in this paper. The aim of the paper is to propose a framework for an environmental performance benchmarking model. Corporate environmental performance is measured by key performance indicators (KPIs): Emissions of Greenhouse Gases, Water Consumption, Waste Production and Gross Value Added. Performance is benchmarked against the production frontier estimated by Data Envelopment Analysis. The environmental performance benchmarking model was created and tested on real corporate data. The model determines relative corporate environmental performance, identifies weaknesses in performance and quantifies performance gaps.