Think sustainability: A comparative analysis on the sustainable development efforts and accomplishments of Philippine publicly listed entities and Fortune 500 companies in the banking industry

Financial institutions have transitioned to sustainable practices within their firms. These firms have reported their sustainability practices through their Sustainability or ESG reports. This study aims to assess the sustainability efforts and accomplishments of Fortune 500 Companies and Philippine...

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Main Authors: Faustino, Cristoffer Greg, Francia, Cristina Beatriz D., Maximo, Erika Xam R.
Format: text
Language:English
Published: Animo Repository 2022
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Online Access:https://animorepository.dlsu.edu.ph/etdb_dsi/36
https://animorepository.dlsu.edu.ph/context/etdb_dsi/article/1102/viewcontent/Think_Sustainability__A_Comparative_Analysis_on_the_Sustainable_D_Redacted.pdf
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Institution: De La Salle University
Language: English
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spelling oai:animorepository.dlsu.edu.ph:etdb_dsi-11022022-11-29T00:19:02Z Think sustainability: A comparative analysis on the sustainable development efforts and accomplishments of Philippine publicly listed entities and Fortune 500 companies in the banking industry Faustino, Cristoffer Greg Francia, Cristina Beatriz D. Maximo, Erika Xam R. Financial institutions have transitioned to sustainable practices within their firms. These firms have reported their sustainability practices through their Sustainability or ESG reports. This study aims to assess the sustainability efforts and accomplishments of Fortune 500 Companies and Philippine Publicly Listed Entities. A sample of 10 companies – five for each segment – was used in this study. The sustainability efforts of the two segments and the 10 companies under them were examined, the researchers utilized a descriptive-comparative research design under the qualitative research method. The researchers used content analysis and comparative analysis to examine the Sustainability or ESG reports of the ten companies. Through content analysis, the researchers were able to identify the initiatives and practices done by each company and segment them under the following variables: sustainability components, sustainability approaches, sustainability decisions, and sustainability tools through their Sustainability or ESG reports. Firms from both segments had initiatives for the components on People, Profit, Planet, and the triple bottom line. Furthermore, the companies practiced the 8 principles for sustainability assessment and measurement of Pinter et. Al. (2011). The firms also had strategic and tactical decisions that address the firms’ sustainability goals. Lastly, the following are the commonly used sustainability tools for sub-variable: stakeholder engagement for data collection, materiality analysis for data analysis, the ESG model is integrated into in their sustainability practices, and a common practice of using the GRI index for indicators. The study showed the areas of further improvement as well as the strengths of each company in their sustainability reports. Through content analysis the researchers were able to ascertain the common practices within each segment and between the two segments. This study adds to the knowledge of current sustainability practices of financial institutions. 2022-10-12T07:00:00Z text application/pdf https://animorepository.dlsu.edu.ph/etdb_dsi/36 https://animorepository.dlsu.edu.ph/context/etdb_dsi/article/1102/viewcontent/Think_Sustainability__A_Comparative_Analysis_on_the_Sustainable_D_Redacted.pdf Decision Sciences and Innovation Bachelor's Theses English Animo Repository Banks and banking—Philippines Sustainable development—Philippines Finance and Financial Management
institution De La Salle University
building De La Salle University Library
continent Asia
country Philippines
Philippines
content_provider De La Salle University Library
collection DLSU Institutional Repository
language English
topic Banks and banking—Philippines
Sustainable development—Philippines
Finance and Financial Management
spellingShingle Banks and banking—Philippines
Sustainable development—Philippines
Finance and Financial Management
Faustino, Cristoffer Greg
Francia, Cristina Beatriz D.
Maximo, Erika Xam R.
Think sustainability: A comparative analysis on the sustainable development efforts and accomplishments of Philippine publicly listed entities and Fortune 500 companies in the banking industry
description Financial institutions have transitioned to sustainable practices within their firms. These firms have reported their sustainability practices through their Sustainability or ESG reports. This study aims to assess the sustainability efforts and accomplishments of Fortune 500 Companies and Philippine Publicly Listed Entities. A sample of 10 companies – five for each segment – was used in this study. The sustainability efforts of the two segments and the 10 companies under them were examined, the researchers utilized a descriptive-comparative research design under the qualitative research method. The researchers used content analysis and comparative analysis to examine the Sustainability or ESG reports of the ten companies. Through content analysis, the researchers were able to identify the initiatives and practices done by each company and segment them under the following variables: sustainability components, sustainability approaches, sustainability decisions, and sustainability tools through their Sustainability or ESG reports. Firms from both segments had initiatives for the components on People, Profit, Planet, and the triple bottom line. Furthermore, the companies practiced the 8 principles for sustainability assessment and measurement of Pinter et. Al. (2011). The firms also had strategic and tactical decisions that address the firms’ sustainability goals. Lastly, the following are the commonly used sustainability tools for sub-variable: stakeholder engagement for data collection, materiality analysis for data analysis, the ESG model is integrated into in their sustainability practices, and a common practice of using the GRI index for indicators. The study showed the areas of further improvement as well as the strengths of each company in their sustainability reports. Through content analysis the researchers were able to ascertain the common practices within each segment and between the two segments. This study adds to the knowledge of current sustainability practices of financial institutions.
format text
author Faustino, Cristoffer Greg
Francia, Cristina Beatriz D.
Maximo, Erika Xam R.
author_facet Faustino, Cristoffer Greg
Francia, Cristina Beatriz D.
Maximo, Erika Xam R.
author_sort Faustino, Cristoffer Greg
title Think sustainability: A comparative analysis on the sustainable development efforts and accomplishments of Philippine publicly listed entities and Fortune 500 companies in the banking industry
title_short Think sustainability: A comparative analysis on the sustainable development efforts and accomplishments of Philippine publicly listed entities and Fortune 500 companies in the banking industry
title_full Think sustainability: A comparative analysis on the sustainable development efforts and accomplishments of Philippine publicly listed entities and Fortune 500 companies in the banking industry
title_fullStr Think sustainability: A comparative analysis on the sustainable development efforts and accomplishments of Philippine publicly listed entities and Fortune 500 companies in the banking industry
title_full_unstemmed Think sustainability: A comparative analysis on the sustainable development efforts and accomplishments of Philippine publicly listed entities and Fortune 500 companies in the banking industry
title_sort think sustainability: a comparative analysis on the sustainable development efforts and accomplishments of philippine publicly listed entities and fortune 500 companies in the banking industry
publisher Animo Repository
publishDate 2022
url https://animorepository.dlsu.edu.ph/etdb_dsi/36
https://animorepository.dlsu.edu.ph/context/etdb_dsi/article/1102/viewcontent/Think_Sustainability__A_Comparative_Analysis_on_the_Sustainable_D_Redacted.pdf
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