Development of a quadruple bottom line-based composite sustainability index to measure sustainable performance

College

Gokongwei College of Engineering

Department/Unit

Industrial Engineering

Document Type

Conference Proceeding

Source Title

IEEE International Conference on Industrial Engineering and Engineering Management

First Page

258

Last Page

262

Publication Date

12-1-2019

Abstract

Manufacturing companies worldwide are faced with the critical issue of sustainable development. The aim of this paper is to develop a quadruple bottom line-based composite sustainability index which can be used by manufacturing firms in measuring their sustainable performance. The proposed index simultaneously considers a firm's economic performance, social performance, environmental performance, and corporate governance. Field study results indicated that an index having a value from 0 to 1 can indeed be computed based on several sustainability indicators expressed in varying units. The index can be employed for performance evaluation to monitor the sustainable performance of a manufacturing company through the years. It can also be utilized for benchmarking to compare sustainable performance with other firms. © 2019 IEEE.

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Digitial Object Identifier (DOI)

10.1109/IEEM44572.2019.8978539

Disciplines

Industrial Engineering | Operations Research, Systems Engineering and Industrial Engineering

Keywords

Sustainability; Environmental management

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