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Is Everybody on Board? Voluntary Sustainability Standards and Green Restructuring

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Abstract

The article introduces voluntary sustainability standards (VSS) as a governance mechanism to promote green industrial restructuring. The paper first sketches the proliferation of VSS. Next, we turn toward the potential impact of VSS and their use worldwide by analyzing the dynamics of adoption of VSS globally. We demonstrate that VSS are mainly used in developed countries (high-income economies which score well on governance indicators).

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Acknowledgement

The authors thank Jadir Soares and Dominique De Brabanter for research assistance.

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Authors and Affiliations

  1. Leuven Centre for Global Governance Studies, Louvain, Belgium

    Axel Marx & Jan Wouters

Authors
  1. Axel Marx
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  2. Jan Wouters
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Correspondence to Axel Marx.

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Marx, A., Wouters, J. Is Everybody on Board? Voluntary Sustainability Standards and Green Restructuring. Development 58, 511–520 (2015). https://doi.org/10.1057/s41301-016-0051-z

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  • DOI: https://doi.org/10.1057/s41301-016-0051-z

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