Assessment of Corporate Environmental Policies and Practices for Promoting Social Sustainable Development

Abstract

This study investigates the impact of corporate environmental policies and practices on social sustainable development, focusing on the roles of stakeholder pressure, institutional pressure, tendency of legitimization, and resource availability in shaping sustainability outcomes. In this research, a quantitative research design was adopted and the data was gathered from 302 managers through a structured questionnaire from textile organizations in Pakistan. To measure the constructs of stakeholder pressure, institutional pressure, tendency of legitimization, resource availability and social sustainable development, this investigation used a seven-point Likert scale. Structural Equation Modeling via Smart PLS was applied by the investigators to examine the measurement and structural models for their data. Pressure from the stakeholders combined with institutional pressure along with the tendency of legitimization proves their direct positive correlation with social sustainable development based on the studies made. These institutional pressures, legitimization tendencies and concerns with sustainable development were not sensitive to the availability of resources being more or less available. The study provides information on the external pressures together with organizational actions leading to a positive and responsible social change in the form of concrete suggestions for improving the environmental policies and practices of the textile industry.

Keywords: Corporate Environmental Policies, Social Sustainable Development, Stakeholder Pressure, Institutional Pressure, Resource Availability.