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Corporate Governance and Sustainable Development

A Global Supply Chain Perspective

Author(s): Bistra Boeva
Contributor(s): Genika Boshnakova (Editor)
Subject(s): Politics / Political Sciences, Politics, History, Economy, Law, Constitution, Jurisprudence, General Reference Works, Geography, Regional studies, National Economy, Supranational / Global Economy, Business Economy / Management, Energy and Environmental Studies, Environmental Geography, Economic history, Recent History (1900 till today), Economic policy, Environmental and Energy policy, Present Times (2010 - today), Law on Economics, Financial Markets, Public Finances, Business Ethics, Source Material, Socio-Economic Research
Published by: Издателство »Изток-Запад«
Keywords: Corporate Governance; Sustainable Development; Global Supply Chain Perspective; mangement; corporation; business; economics; scientific; literature; climate change; book; books
Summary/Abstract: According to CLEPA (the European association of automotive suppliers), there are more than 3000 automotive suppliers in EU member countries, with 5mln employees and turnover of more than EUR 600 bln. In Bulgaria, there are more than a hundred companies that deliver components to big multinationals from the automotive sectors. The majority of local suppliers (first, second and third tier) are independent local and foreign companies, although subsidiaries of international first-tier suppliers function as well. Irrespective of certain difficulties in the field research, the findings show the following: - Foreign buyers are not interested in the environmental and social policies of local suppliers. The social and environmental impact of the suppliers within the local community is not an interest as well; - Foreign buyers do not embed in their contracts with the suppliers' requirements for compliance with ESG standards; - Local suppliers comply with the legally established norms about air pollution, the protection of soil and water and the management of the waste. How have we interpreted the above findings: buyers rely on local legislation and they do not go beyond. We did not manage to contact the procurement offices of foreign buyers and their boards. We tried to discover evidence in their annual reports and we interviewed the representative offices of big multinationals - European and Asian. Despite the fact that we received similar answers, we did not include them in our analysis. Our research proved the importance of the holistic approach when evaluating sustainable development policy of listed companies. The reverse mirror is not a research method only. It is another tool for evaluating the effectiveness of sustainable framework of corporate governance.

  • Print-ISBN-13: 978-619-01-0268-7
  • Page Count: 256
  • Publication Year: 2018
  • Language: Bulgarian