Sustainable Development Assessment of Organizations through Quantitative Modelling

Abstract

The “United Nations (UN) 2030 Agenda for Sustainable Development” is calling on businesses to apply their creativity and innovation initiatives to tackle sustainable development challenges. In this respect, this study intends to propose a sustainability model for business use. The proposed model will facilitate businesses in selecting the appropriate Sustainable Development Goal (SDG) indicators, highlight potential sustainability “gaps” and emphasize the related best practices. For the development of the sustainability model, we used some basic economic principles (e.g., cost minimization, risk theory, etc.), a sustainability survey and a statistical study based on EU data. As a result, a quantitative model for the sustainable development assessment of organizations to formulate appropriate decision-making policies is proposed. The model was tested in a real-world context as a case study that was carried out at the Greek Atomic Energy Commission.