Skip to main content

Advertisement

SpringerLink
Log in

Measuring the impact of corporate social responsibility in the energy sector

  • Review Article
  • Published:
Environmental Science and Pollution Research Aims and scope Submit manuscript

Abstract

Energy companies are in the spotlight regarding the environmental pressure to address the current environmental issues by initiating the sets of social responsibilities. Energy sector companies are actively adopting Corporate Social Responsibility (CSR) practices to address the increased pressure and enablement to manage and prevent the risks of environmental impact at the same time concentrating on the economic growth. The current study provides a systematic literature review identifying CSR initiative measures towards sustainability and proposes a framework of CSR measurements in the energy sector. The framework combines the Search, Appraisal, Synthesis, and Analysis (SALSA) method together with Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) and PSALSAR (Protocol, Search, Appraisal, Synthesis, Analysis and Report). Moreover, for setting the research scope, PICOC (Population, Intervention, Comparison, Outcome, and Context) is applied. As a result, eleven CSR measures for the energy sector were identified. The measurements were classified into 4 pillars: environmental pillar, stakeholder communication and external image, financial pillar, and organizational pillar. The environmental impact and GHG reduction align with the ecological modernization theories. Green energy innovations find theoretical resonance in the diffusion of innovation theories. Stakeholder engagement and branding link to the stakeholder theory, while financial performance, to the shareholder value theories. Occupational health and safety theory support the employee safety and corporate culture considerations. These measures, selected through theoretical lenses and systematic review, contribute to shaping a sustainable energy landscape. Furthermore, the research results were discussed, and the future research agenda together with policy recommendations were provided.

This is a preview of subscription content, log in via an institution to check access.

Access this article

Log in via an institution

Price excludes VAT (USA)
Tax calculation will be finalised during checkout.

Instant access to the full article PDF.

Institutional subscriptions

Fig. 1
Fig. 2
Fig. 3

Similar content being viewed by others

References

  • Aggarwal P, Singh AK (2019) CSR and sustainability reporting practices in India: an in-depth content analysis of top-listed companies. Soc Responsib J 15(8):1033–1053

    Google Scholar 

  • Aggerholm HK, Trapp NL (2014) Three tiers of CSR: an instructive means of understanding and guiding contemporary company approaches to CSR? Bus Ethics: European Rev 23(3):235–247

    Google Scholar 

  • Agudelo MAL et al (2020) Drivers that motivate energy companies to be responsible. A systematic literature review of Corporate Social Responsibility in the energy sector. J Clean Prod 247:119094

    Google Scholar 

  • Aguilera-Caracuel J et al (2017) Reputation of multinational companies: corporate social responsibility and internationalization. Eur J Manag Bus Econ 26(3):329–346

    Google Scholar 

  • Ahmed M et al (2020) Impact of CSR and environmental triggers on employee green behavior: the mediating effect of employee well-being. Corp Soc Responsib Environ Manag 27(5):2225–2239

    Google Scholar 

  • Allen MW, Craig CA (2016) Rethinking corporate social responsibility in the age of climate change: a communication perspective. Int J Corp Soc Responsib 1(1):1–11

    Google Scholar 

  • Almeida MDGMC, Coelho AFM (2019) The antecedents of corporate reputation and image and their impacts on employee commitment and performance: the moderating role of CSR. Corp Reput Rev 22:10–25

    Google Scholar 

  • Anwar M et al (2018) The role of personality in SMEs internationalization: empirical evidence. Rev Int Bus Strateg 28(2):258–282

    Google Scholar 

  • Asemokha A et al (2020) Renewable energy market SMEs: antecedents of internationalization. Crit Perspect Int Bus 16(4):407–447

    Google Scholar 

  • Baumgartner RJ (2014) Managing corporate sustainability and CSR: a conceptual framework combining values, strategies and instruments contributing to sustainable development. Corp Soc Responsib Environ Manag 21(5):258–271

    Google Scholar 

  • Beare D et al (2014) Linkages between corporate sustainability reporting and public policy. Corp Soc Responsib Environ Manag 21(6):336–350

    Google Scholar 

  • Beck C et al (2018) CSR disclosure and financial performance revisited: a cross-country analysis. Aust J Manag 43(4):517–537

    Google Scholar 

  • Bekun FV (2022) Mitigating emissions in India: accounting for the role of real income, renewable energy consumption and investment in energy. Int J Energy Econ Policy. https://doi.org/10.32479/ijeep.12652

  • Bernal-Conesa J, de Nieves Nieto C, Briones- Peñalver AJ (2017) CSR strategy in technology companies: its influence on performance, competitiveness and sustainability. Corp Soc Responsib Environ Manage 24(2):96

    Google Scholar 

  • Billedeau DB (2019) Corporate Social Responsibility Performance and Transparency in Canada’s Natural Resource Sector. University of Waterloo

    Google Scholar 

  • Birkey RN et al (2016) Does assurance on CSR reporting enhance environmental reputation? An examination in the US context. Accounting Forum, Elsevier

  • Bouichou SI et al (2022) How corporate social responsibility boosts corporate financial and non-financial performance: the moderating role of ethical leadership. Front Psychol 13. https://doi.org/10.3389/fpsyg.2022.871334

  • Buallay A et al (2020) Corporate social responsibility disclosure and firms’ performance in Mediterranean countries: a stakeholders’ perspective. EuroMed J Bus 15(3):361–375

    Google Scholar 

  • Cader J et al (2022) Corporate social responsibility as a significant factor of competitive advantage-a case study of energy companies in Poland. Energy Rep 8:7989–8001

    Google Scholar 

  • Calvo N et al (2022) When your value proposition is to improve others’ energy efficiency: analyzing the internationalization dilemma of eco-innovations in SMEs. Technol Forecast Soc Chang 185:122069

    Google Scholar 

  • Camilleri MA (2017) Corporate sustainability and responsibility: creating value for business, society and the environment. Asian J Sustain Soc Responsib 2(1):59–74

    Google Scholar 

  • Chang R-D et al (2017) Evolving theories of sustainability and firms: history, future directions and implications for renewable energy research. Renew Sustain Energy Rev 72:48–56

    Google Scholar 

  • Chao AC, Hong L (2019) Corporate social responsibility strategy, environment and energy policy. Struct Chang Econ Dyn 51:311–317

    Google Scholar 

  • Chen YS et al (2020) Improving green product development performance from green vision and organizational culture perspectives. Corp Soc Responsib Environ Manag 27(1):222–231

    CAS  Google Scholar 

  • Cho SJ et al (2019) Study on the relationship between CSR and financial performance. Sustainability 11(2):343

    Google Scholar 

  • Clò S et al (2015) The merit-order effect in the Italian power market: the impact of solar and wind generation on national wholesale electricity prices. Energy Policy 77:79–88

    Google Scholar 

  • Contini M et al (2020) Exploring the influence of Corporate Social Responsibility (CSR) domains on consumers’ loyalty: an experiment in BRICS countries. J Clean Prod 247:119158

    Google Scholar 

  • de Jong MD et al (2020) Different shades of greenwashing: consumers’ reactions to environmental lies, half-lies, and organizations taking credit for following legal obligations. J Bus Tech Commun 34(1):38–76

    Google Scholar 

  • De Vries G et al (2015) Sustainability or profitability? How communicated motives for environmental policy affect public perceptions of corporate greenwashing. Corp Soc Responsib Environ Manag 22(3):142–154

    Google Scholar 

  • del Mar Alonso-Almeida M et al (2014) A closer look at the ‘Global Reporting Initiative’sustainability reporting as a tool to implement environmental and social policies: a worldwide sector analysis. Corp Soc Responsib Environ Manag 21(6):318–335

    Google Scholar 

  • Dobele AR et al (2014) An examination of corporate social responsibility implementation and stakeholder engagement: a case study in the Australian mining industry. Bus Strateg Environ 23(3):145–159

    Google Scholar 

  • Doda B et al (2016) Are corporate carbon management practices reducing corporate carbon emissions? Corp Soc Responsib Environ Manag 23(5):257–270

    Google Scholar 

  • Dorstewitz P, Lal D (2022) Re-imagining business agency through multi-agent cross-sector coalitions: integrating CSR frameworks. Philos Manage 21(1):87–103

    Google Scholar 

  • Erdiaw-Kwasie MO et al (2017) Towards understanding stakeholder salience transition and relational approach to ‘better’corporate social responsibility: a case for a proposed model in practice. J Bus Ethics 144:85–101

    Google Scholar 

  • European Commission (2022) Corporate social responsibility & responsible business conduct. https://single-market-economy.ec.europa.eu/industry/sustainability/corporate-social-responsibility-responsible-business-conduct_en

  • Fantuzzi I (2021) The energy sector and corporate social responsibility: a comparative analysis of the CSR reports of BP and Royal Dutch Shell

  • Feng M et al (2017) Corporate social responsibility and firm financial performance: comparison analyses across industries and CSR categories. Am J Bus. https://doi.org/10.1108/AJB-05-2016-0015

  • Feng Y et al (2018) The impacts of social responsibility and ownership structure on sustainable financial development of China’s energy industry. Sustainability 10(2):301

    Google Scholar 

  • Ferreira J et al (2020) Dynamic capabilities, creativity and innovation capability and their impact on competitive advantage and firm performance: the moderating role of entrepreneurial orientation. Technovation 92:102061

    Google Scholar 

  • Fliaster A, Kolloch M (2017) Implementation of green innovations—the impact of stakeholders and their network relations. Rd Manag 47(5):689–700

    Google Scholar 

  • Garzón-Jiménez R, Zorio-Grima A (2021) Effects of carbon emissions, environmental disclosures and CSR assurance on cost of equity in emerging markets. Sustainability 13(2):696

    Google Scholar 

  • Gigauri I, Vasilev V (2022) Corporate social responsibility in the energy sector: towards sustainability. Energy Transition: Economic, Social and Environmental Dimensions, Springer: 267–288

  • Gilal FG et al (2021) Strategic CSR-brand fit and customers’ brand passion: theoretical extension and analysis. Psychol Mark 38(5):759–773

    Google Scholar 

  • Goel M, Ramanathan MPE (2014) Business ethics and corporate social responsibility—is there a dividing line? Procedia Econ Finance 11:49–59

    Google Scholar 

  • Graafland J, Smid H (2019) Decoupling among CSR policies, programs, and impacts: an empirical study. Bus Soc 58(2):231–267

    Google Scholar 

  • Guerci M et al (2015) The impact of human resource management practices and corporate sustainability on organizational ethical climates: an employee perspective. J Bus Ethics 126:325–342

    Google Scholar 

  • Guiso L et al (2015) The value of corporate culture. J Financ Econ 117(1):60–76

    Google Scholar 

  • Guo R et al (2017) A path analysis of greenwashing in a trust crisis among Chinese energy companies: the role of brand legitimacy and brand loyalty. J Bus Ethics 140:523–536

    Google Scholar 

  • Habidin NF et al (2014) ISO 26000 efforts and corporate social responsibility performance in Malaysian automotive industry. Int J Bus Excell 7(4):515–529

    Google Scholar 

  • Haldar S (2019) Green entrepreneurship in the renewable energy sector—a case study of Gujarat. J Sci Technol Policy Manage 10(1):234–250

    Google Scholar 

  • Hang Y et al (2022) Does corporate social responsibility and green product innovation boost organizational performance? a moderated mediation model of competitive advantage and green trust. Econ Res-Ekonomska Istraživanja 35(1):5379–5399

    Google Scholar 

  • Haselip J et al (2014) Financing energy SMEs in Ghana and Senegal: outcomes, barriers and prospects. Energy Policy 65:369–376

    Google Scholar 

  • He Y, Lai KK (2014) The effect of corporate social responsibility on brand loyalty: the mediating role of brand image. Total Qual Manag Bus Excell 25(3–4):249–263

    Google Scholar 

  • Herrera MEB (2015) Creating competitive advantage by institutionalizing corporate social innovation. J Bus Res 68(7):1468–1474

    Google Scholar 

  • Hong M et al (2020) The impact of mandatory CSR disclosure on green innovation: evidence from China. Green Finance 2(3):302–322

    Google Scholar 

  • Hori S et al (2014) The role of CSR in promoting companies’ energy-saving actions in two Asian cities. Energy Policy 69:116–121

    Google Scholar 

  • Hou Y et al (2019) Measuring energy efficiency and environmental performance: a case of South Asia. Processes 7:325

    Google Scholar 

  • Hur W-M et al (2014) How CSR leads to corporate brand equity: mediating mechanisms of corporate brand credibility and reputation. J Bus Ethics 125:75–86

    Google Scholar 

  • Jain P et al (2017) Exploring the mediating role of intellectual capital and competitive advantage on the relation between CSR and financial performance in SMEs. Soc Responsib J 13(1):1–23

    Google Scholar 

  • Janowski A, Szczepańska-Przekota A (2022) The trait of extraversion as an energy-based determinant of entrepreneur’s success—the case of Poland. Energies 15(13):4533

    Google Scholar 

  • Jones R (2017) ISO 45001 and the evolution of occupational health and safety management systems. IOSH-Institution of Occupational Safety and Health Paper 1–9

  • Kamatra N, Kartikaningdyah E (2015) Effect corporate social responsibility on financial performance. Int J Econ Financ Issues 5(1):157–164

    Google Scholar 

  • Kamran HW et al (2021) Measuring the association of environmental, corporate, financial, and social CSR: evidence from fuzzy TOPSIS nexus in emerging economies. Environ Sci Pollut Res 28:10749–10762

    Google Scholar 

  • Karagiannis I et al (2022) Mapping the maritime CSR agenda: a cross-sectoral materiality analysis of sustainability reporting. J Clean Prod 338:130139

    Google Scholar 

  • Karaman AS et al (2021) CSR achievement, reporting, and assurance in the energy sector: does economic development matter? Energy Policy 149:112007

    Google Scholar 

  • Karaye YI et al (2014) The mediating effect of stakeholder influence capacity on the relationship between corporate social responsibility and corporate financial performance. Procedia Soc Behav Sci 164:528–534

    Google Scholar 

  • Kasradze M et al (n.d.) Challenges to corporate social responsibility adoption for sustainability: a picture fuzzy approach. Integr Environ Assess Manage. https://doi.org/10.1002/ieam.4740

  • Kasradze M et al (2023) Assessing key indicators of efficient green energy production for IEA members. Environ Sci Pollut Res 1–16. https://doi.org/10.1007/s11356-023-26435-1

  • Khan SAR et al (2020) Measuring the impact of renewable energy, public health expenditure, logistics, and environmental performance on sustainable economic growth. Sustain Dev 28(4):833–843

    Google Scholar 

  • Kilian T, Hennigs N (2014) Corporate social responsibility and environmental reporting in controversial industries. Eur Bus Rev 26(1):79–101

    Google Scholar 

  • Kim M-J, Kim B-J (2020) Analysis of the importance of job insecurity, psychological safety and job satisfaction in the CSR-performance link. Sustainability 12(9):3514

    Google Scholar 

  • Kim H et al (2018) The effects of corporate social responsibility (CSR) on employee well-being in the hospitality industry. Int J Contemp Hosp Manag 30(3):1584–1600

    Google Scholar 

  • Klettner A et al (2014) The governance of corporate sustainability: empirical insights into the development, leadership and implementation of responsible business strategy. J Bus Ethics 122:145–165

    Google Scholar 

  • Kludacz-Alessandri M, Cygańska M (2021) Corporate social responsibility and financial performance among energy sector companies. Energies 14(19):6068

    Google Scholar 

  • Konadu R (2017) Gender diversity impact on corporate social responsibility (CSR) and greenhouse gas emissions in the UK. Econ Bus Rev 3(1). https://doi.org/10.18559/ebr.2017.1.7

  • Koskela M (2014) Occupational health and safety in corporate social responsibility reports. Saf Sci 68:294–308

    Google Scholar 

  • Kowal B, Kustra A (2016) Sustainability reporting in the energy sector. E3S Web of Conferences, EDP Sciences

  • KsiężaK P (2016) The benefits from CSR for a company and society. J Corp Responsib Leadership 3(4):53–65

    Google Scholar 

  • Kucharska W, Kowalczyk R (2019) How to achieve sustainability?—Employee’s point of view on company’s culture and CSR practice. Corp Soc Responsib Environ Manag 26(2):453–467

    Google Scholar 

  • Kuzemko C et al (2020) Covid-19 and the politics of sustainable energy transitions. Energy Res Soc Sci 68:101685

    Google Scholar 

  • Kuzior A et al (2022) Limiting of carbon dioxide emissions through rational management of pro-ecological activities in the context of CSR assumptions. Energies 15(5):1825

    CAS  Google Scholar 

  • Kyriakopoulos GL (2010) European and international policy interventions of implementing the use of wood fuels in bioenergy sector: a trend analysis and a specific wood fuels’ energy application. Int J Knowl Learn 6(1):43–54

    Google Scholar 

  • Kyriakopoulos GL et al (2018) Electricity consumption and RES plants in Greece: typologies of regional units. Renewable Energy 127:134–144

    Google Scholar 

  • Lane AB, Devin B (2018) Operationalizing stakeholder engagement in CSR: a process approach. Corp Soc Responsib Environ Manag 25(3):267–280

    Google Scholar 

  • Le TT (2022) How do corporate social responsibility and green innovation transform corporate green strategy into sustainable firm performance? J Clean Prod 362:132228

    Google Scholar 

  • Li W et al (2021) Nexus between energy poverty and energy efficiency: estimating the long-run dynamics. Resour Policy 72:102063

    Google Scholar 

  • Liczmańska-Kopcewicz K et al (2019) Corporate social responsibility and sustainable development for creating value for FMCG sector enterprises. Sustainability 11(20):5808

    Google Scholar 

  • Locmelis K et al (2019) Energy efficiency obligations and subsidies to energy intensive industries in Latvia. Rigas Tehniskas Universitates Zinatniskie Raksti 23(2):90–101

    Google Scholar 

  • Lopatta K et al (2017) Stakeholder engagement and corporate social responsibility (CSR) performance: international evidence. Corp Soc Responsib Environ Manag 24(3):199–209

    Google Scholar 

  • Lu J et al (2019a) Corporate social responsibility and corruption: implications for the sustainable energy sector. Sustainability 11(15):4128

    Google Scholar 

  • Lu J et al (2019b) Comparative review of corporate social responsibility of energy utilities and sustainable energy development trends in the Baltic states. Energies 12(18):3417

    Google Scholar 

  • Mahmood N et al (2022) Role of environmental regulations and eco-innovation in energy structure transition for green growth: evidence from OECD. Technol Forecast Soc Chang 183:121890

    Google Scholar 

  • Malinauskaite J et al (2019) Energy efficiency in industry: EU and national policies in Italy and the UK. Energy 172:255–269

    Google Scholar 

  • Marques-Mendes A, Santos MJ (2016) Strategic CSR: an integrative model for analysis. Soc Responsib J 12(2):363–381

    Google Scholar 

  • Martínez-Ferrero J et al (2015) Effect of financial reporting quality on sustainability information disclosure. Corp Soc Responsib Environ Manag 22(1):45–64

    Google Scholar 

  • Mavroulidis M et al (2022) Occupational health and safety of multinational construction companies through evaluation of corporate social responsibility reports. J Safety Res 81:45–54

    Google Scholar 

  • Mazutis DD, Slawinski N (2015) Reconnecting business and society: perceptions of authenticity in corporate social responsibility. J Bus Ethics 131:137–150

    Google Scholar 

  • Meijer L et al (2019) Barriers and drivers for technology commercialization by SMEs in the Dutch sustainable energy sector. Renew Sustain Energy Rev 112:114–126

    Google Scholar 

  • Ming Z et al (2014) Review of renewable energy investment and financing in China: status, mode, issues and countermeasures. Renew Sustain Energy Rev 31:23–37

    Google Scholar 

  • Moratis L (2018) Signalling responsibility? Applying signalling theory to the ISO 26000 standard for social responsibility. Sustainability 10(11):4172

    Google Scholar 

  • Mukherjee A, Nuñez R (2019) Doing well by doing good: can voluntary CSR reporting enhance financial performance? J Indian Bus Res 11(2):100–119

    Google Scholar 

  • Nguyen HT, Anh DBH (2018) Gaining competitive advantage from CSR policy change—case of foreign corporations in Vietnam. Polish J Manage Stud 18(1):403

    Google Scholar 

  • Novitasari M, Tarigan ZJH (2022) The role of green innovation in the effect of corporate social responsibility on firm performance. Economies 10(5):117

    Google Scholar 

  • Nurunnabi M et al (2020) Reaching the sustainable development goals 2030: energy efficiency as an approach to corporate social responsibility (CSR). GeoJournal 85(2):363–374

    Google Scholar 

  • Ortas E et al (2015) Financial factors influencing the quality of corporate social responsibility and environmental management disclosure: a quantile regression approach. Corp Soc Responsib Environ Manag 22(6):362–380

    Google Scholar 

  • Ortega-Izquierdo M, del Río P (2016) Benefits and costs of renewable electricity in Europe. Renew Sustain Energy Rev 61:372–383

    Google Scholar 

  • Padilla-Lozano CP, Collazzo P (2022) Corporate social responsibility, green innovation and competitiveness—causality in manufacturing. Compet Rev: Int Bus J 32(7):21–39

    Google Scholar 

  • Pätäri S et al (2014) Competitive and responsible? The relationship between corporate social and financial performance in the energy sector. Renew Sustain Energy Rev 37:142–154

    Google Scholar 

  • Popoli P (2015) Reinforcing intangible assets through CSR in a globalized world. J Manage Policies Pract 3(1):23–30

    Google Scholar 

  • Prasad M et al (2019) Corporate social responsibility and environmental sustainability: evidence from India using energy intensity as an indicator of environmental sustainability. IIMB Manag Rev 31(4):374–384

    Google Scholar 

  • Provasnek AK et al (2017) Integrating eco-innovations and stakeholder engagement for sustainable development and a social license to operate. Corp Soc Responsib Environ Manag 24(3):173–185

    Google Scholar 

  • Qadir SA et al (2021) Incentives and strategies for financing the renewable energy transition: a review. Energy Rep 7:3590–3606

    Google Scholar 

  • Qiu L et al (2020) Green product innovation, green dynamic capability, and competitive advantage: evidence from Chinese manufacturing enterprises. Corp Soc Responsib Environ Manag 27(1):146–165

    Google Scholar 

  • Quito B et al (2023) Spatiotemporal influencing factors of energy efficiency in 43 european countries: a spatial econometric analysis. Renew Sustain Energy Rev 182:113340

    Google Scholar 

  • Ramesh K et al (2019) Consumer’s response to CSR activities: mediating role of brand image and brand attitude. Corp Soc Responsib Environ Manag 26(2):377–387

    Google Scholar 

  • Rani P et al (2020) A novel approach to extended fuzzy TOPSIS based on new divergence measures for renewable energy sources selection. J Clean Prod 257:120352

    Google Scholar 

  • Raufflet E et al (2014) An assessment of corporate social responsibility practices in the mining and oil and gas industries. J Clean Prod 84:256–270

    Google Scholar 

  • Rodrigo P et al (2019) Do employees value strategic CSR? A tale of affective organizational commitment and its underlying mechanisms. Bus Ethics: A European Rev 28(4):459–475

    Google Scholar 

  • Rosati F, Faria LGD (2019) Business contribution to the Sustainable Development Agenda: organizational factors related to early adoption of SDG reporting. Corp Soc Responsib Environ Manag 26(3):588–597

    Google Scholar 

  • Rountree V, Baldwin E (2018) State-level renewable energy policy implementation: how and why do stakeholders participate? Front Commun 3:6

    Google Scholar 

  • Ruggiero P, Cupertino S (2018) CSR strategic approach, financial resources and corporate social performance: the mediating effect of innovation. Sustainability 10(10):3611

    Google Scholar 

  • Saeidi SP et al (2015) How does corporate social responsibility contribute to firm financial performance? The mediating role of competitive advantage, reputation, and customer satisfaction. J Bus Res 68(2):341–350

    Google Scholar 

  • Sánchez-Teba EM et al (2021) Mapping the knowledge of CSR and sustainability. Sustainability 13(18):10106

    Google Scholar 

  • Sardana D et al (2020) CSR ‘sustainability’practices and firm performance in an emerging economy. J Clean Prod 258:120766

    Google Scholar 

  • Shah SSA, Khan Z (2020) Corporate social responsibility: a pathway to sustainable competitive advantage? Int J Bank Mark 38(1):159–174

    Google Scholar 

  • Shah KU, Arjoon S, Rambocas M (2016) Aligning corporate social responsibility with green economy development pathways in developing countries. Sustainable Dev 24(4):237–253

    Google Scholar 

  • Shahbaz M et al (2020) Board attributes, CSR engagement, and corporate performance: what is the nexus in the energy sector? Energy Policy 143:111582

    Google Scholar 

  • Shahzad M et al (2020) Relation of environment sustainability to CSR and green innovation: a case of Pakistani manufacturing industry. J Clean Prod 253:119938

    Google Scholar 

  • Shariatzadeh F et al (2015) Demand response for sustainable energy systems: a review, application and implementation strategy. Renew Sustain Energy Rev 45:343–350

    Google Scholar 

  • Siksnelyte-Butkiene I et al (2021) Energy poverty indicators: a systematic literature review and comprehensive analysis of integrity. Sustain Cities Soc 67:102756

    Google Scholar 

  • Sila I, Cek K (2017) The impact of environmental, social and governance dimensions of corporate social responsibility on economic performance: Australian evidence. Procedia Comput Sci 120:797–804

    Google Scholar 

  • Skordoulis M et al (2022) The mediating role of firm strategy in the relationship between green entrepreneurship, green innovation, and competitive advantage: the case of medium and large-sized firms in Greece. Sustainability 14(6):3286

    Google Scholar 

  • Slack R et al (2015) Exploring employee engagement with (corporate) social responsibility: a social exchange perspective on organisational participation. J Bus Ethics 127:537–548

    Google Scholar 

  • Stjepcevic J, Siksnelyte I (2017) Corporate social responsibility in energy sector. Transform Bus Econ 16(1):21–33

    Google Scholar 

  • Stocker F et al (2020) Stakeholder engagement in sustainability reporting: a classification model. Corp Soc Responsib Environ Manag 27(5):2071–2080

    Google Scholar 

  • Streimikiene D et al (2022) Review of energy and climate plans of baltic states: the contribution of renewables for energy production in households. Energies 15(20):7728

    Google Scholar 

  • Su R et al (2020) The heterogeneous effects of CSR dimensions on financial performance–a new approach for CSR measurement. J Bus Econ Manag 21(4):987–1009

    Google Scholar 

  • Suciu M-C et al (2020) Diversity, social inclusion and human capital development as fundamentals of financial performance and risk mitigation. Amfiteatru Economic 22(55):742–757

    Google Scholar 

  • Sugita M, Takahashi T (2015) Influence of corporate culture on environmental management performance: an empirical study of Japanese firms. Corp Soc Responsib Environ Manag 22(3):182–192

    Google Scholar 

  • Sun P, Nie P-Y (2015) A comparative study of feed-in tariff and renewable portfolio standard policy in renewable energy industry. Renewable Energy 74:255–262

    Google Scholar 

  • Sun Y, Razzaq A (2022) Composite fiscal decentralisation and green innovation: imperative strategy for institutional reforms and sustainable development in OECD countries. Sustain Dev 30(5):944–957

    Google Scholar 

  • Sun H et al (2019) Institutional quality, green innovation and energy efficiency. Energy Policy 135:111002

    CAS  Google Scholar 

  • Szczepankiewicz EI, Mućko P (2016) CSR reporting practices of Polish energy and mining companies. Sustainability 8(2):126

    Google Scholar 

  • Timilsina GR (2021) Are renewable energy technologies cost competitive for electricity generation? Renewable Energy 180:658–672

    Google Scholar 

  • Tingchi Liu M et al (2014) The impact of corporate social responsibility (CSR) performance and perceived brand quality on customer-based brand preference. J Serv Mark 28(3):181–194

    Google Scholar 

  • Tsalis TA et al (2020) New challenges for corporate sustainability reporting: United Nations’ 2030 Agenda for sustainable development and the sustainable development goals. Corp Soc Responsib Environ Manag 27(4):1617–1629

    Google Scholar 

  • United Nations (2022) Transforming our world: the 2030 Agenda for Sustainable Development. United Nations

  • Vollero A et al (2016) Avoiding the greenwashing trap: between CSR communication and stakeholder engagement. Int J Innov Sustain Dev 10(2):120–140

    Google Scholar 

  • Vollero A et al (2019) Corporate social responsibility information and involvement strategies in controversial industries. Corp Soc Responsib Environ Manag 26(1):141–151

    Google Scholar 

  • Waworuntu SR et al (2014) CSR and financial performance analysis: evidence from top ASEAN listed companies. Procedia Soc Behav Sci 164:493–500

    Google Scholar 

  • Whelan T, Fink C (2016) The comprehensive business case for sustainability. Harvard Bus Rev 21

  • Wickert C (2016) “Political” corporate social responsibility in small-and medium-sized enterprises: a conceptual framework. Bus Soc 55(6):792–824

    Google Scholar 

  • Widiyanti M et al (2019) Determining firm’s performance: moderating role of CSR in renewable energy sector of Indonesia. Polish J Manage Stud 19. https://doi.org/10.17512/pjms.2019.19.2.37

  • Xu L et al (2022) The role of healthcare employees’ pro-environmental behavior for De-carbonization: an energy conservation approach from CSR perspective. Energies 15(9):3429

    Google Scholar 

  • Yang Z et al (2020) Greenwashing behaviours: causes, taxonomy and consequences based on a systematic literature review. J Bus Econ Manag 21(5):1486–1507

    Google Scholar 

  • Ye J et al (2022) The nexus among green financial development and renewable energy: investment in the wake of the Covid-19 pandemic. Econ Res-Ekonomska Istraživanja 35(1):5650–5675

    Google Scholar 

  • Yu Y, Choi Y (2016) Stakeholder pressure and CSR adoption: the mediating role of organizational culture for Chinese companies. Soc Sci J 53(2):226–235

    Google Scholar 

  • Yu J, Lee S (2017) The impact of greenhouse gas emissions on corporate social responsibility in Korea. Sustainability 9(7):1135

    Google Scholar 

  • Yu H-C et al (2017) The relationship between CSR disclosure and competitive advantage. Sustain Account Manage Policy J 8(5):547–570

    Google Scholar 

  • Yuan B, Cao X (2022) Do corporate social responsibility practices contribute to green innovation? The mediating role of green dynamic capability. Technol Soc 68:101868

    Google Scholar 

  • Yuen KF, Lim JM (2016) Barriers to the implementation of strategic corporate social responsibility in shipping. Asian J Shipp Logist 32(1):49–57

    Google Scholar 

  • Zhang L, Su W (2022) Corporate social responsibility, internal control, and firm financial performance. Front Psychol 13. https://doi.org/10.3389/fpsyg.2022.977996

  • Zhao X et al (2022) Impacts of environmental regulations on green economic growth in China: New guidelines regarding renewable energy and energy efficiency. Renewable Energy 187:728–742

    Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Vilnius University, Muitines 8, 44280, Kaunas, Lithuania

    Mariam Kasradze & Dalia Streimikiene

  2. Vilnius University, Sauletekio Av. 9 (II Building), 10222, Vilnius, Lithuania

    Agne Lauzadyte-Tutliene

Authors
  1. Mariam Kasradze
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. Dalia Streimikiene
    View author publications

    You can also search for this author in PubMed Google Scholar

  3. Agne Lauzadyte-Tutliene
    View author publications

    You can also search for this author in PubMed Google Scholar

Contributions

All authors contributed to the study conception and design. Mariam Kasradze: conceptualization, methodology, writing—original draft preparation, visualization, and investigation. Dalia Streimikiene: data curation, supervision, conceptualization, and methodology. Agne Lauzadyte-Tutliene: data curation, writing—reviewing and editing, and conceptualization.

Corresponding author

Correspondence to Mariam Kasradze.

Ethics declarations

Ethics approval

Not applicable.

Consent to participate

Not applicable.

Consent for publication

Not applicable.

Competing interests

The authors declare no competing interests.

Additional information

Responsible Editor: Arshian Sharif

Publisher's note

Springer Nature remains neutral with regard to jurisdictional claims in published maps and institutional affiliations.

Highlights

• Current study proposes a novel framework of CSR measures in the energy sector by reviewing 129 articles in 2014–2023.

• CSR measures are identified in 4 pillars: environmental, financial, stakeholder communication and external image, and organizational.

• The interest in CSR implementation within the sustainably sensitive energy sector has been increasing since 2014.

• The study proposes a research agenda according to further research development suggestions from the reviewed articles.

Rights and permissions

Springer Nature or its licensor (e.g. a society or other partner) holds exclusive rights to this article under a publishing agreement with the author(s) or other rightsholder(s); author self-archiving of the accepted manuscript version of this article is solely governed by the terms of such publishing agreement and applicable law.

Reprints and permissions

About this article

Check for updates. Verify currency and authenticity via CrossMark

Cite this article

Kasradze, M., Streimikiene, D. & Lauzadyte-Tutliene, A. Measuring the impact of corporate social responsibility in the energy sector. Environ Sci Pollut Res 30, 109973–110009 (2023). https://doi.org/10.1007/s11356-023-30131-5

Download citation

  • Received:

  • Accepted:

  • Published:

  • Issue Date:

  • DOI: https://doi.org/10.1007/s11356-023-30131-5

Keywords

Search

Navigation