The Concern of Energy Companies in Obtaining and Maintaining their Sustainable Value
The Concern of Energy Companies in Obtaining and Maintaining their Sustainable Value

Author(s): Camelia Cătălina Mihalciuc, Maria Grosu
Subject(s): Economy, Energy and Environmental Studies, Financial Markets
Published by: Editura Lumen, Asociatia Lumen
Keywords: Sustainable development;sustainable business practices;corporate sustainability;principles of sustainability;listed companies;responsible company;Sustainable Development Goals (SDGs);
Summary/Abstract: The last years are distinguished by increasing the awareness of companies towards sustainable business, going beyond their traditional role of providing goods and services at competitive prices to meet customer requirements. Thus, companies will have to consider the effects of their best practices on the environment and society, in order to contribute to the progress of society and the protection of the environment, the essence of sustainable development being the coexistence of economic and social relations and environmental protection by implementing economic, social and environmental objectives. We can see that every company that seeks to become sustainable must consider approaches based on sustainable business practices geared to meeting customer needs. For companies listed on the stock market, the index that stands next to each company is the one that shows the level of sustainability, through corporate sustainability, long-term value is created for shareholders, taking into account all social factors, those related to the environment, as well as economic ones. All these considerations have led to the establishment of the general objective of the paper, through which the authors aim to explain and present the importance of sustainability/sustainable development in energy companies in conjunction with the UN guidelines on business and human rights, which will address with priority to the Sustainable Development Goals (SDGs) for 2030.

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