Post-Covid challenges and opportunities: rethinking ESG performance in the logistics sector

References

• Aouadi, A., and S. Marsat. 2018. “Do ESG Controversies Matter for Firm Value? Evidence from International Data.” Journal of Business Ethics 151 (4): 1027–1047. https://doi.org/10.1007/s10551-016-3213-8.
   Web of Science ®Google Scholar
• Arvidsson, S., and J. Dumay. 2022. “Corporate ESG Reporting Quantity, Quality and Performance: Where to now for Environmental Policy and Practice?” Business Strategy and the Environment 31 (3): 1091–1110. https://doi.org/10.1002/bse.2937.
   Web of Science ®Google Scholar
• Azadnia, A. H., M. Z. M. Saman, and K. Y. Wong. 2015. “Sustainable Supplier Selection and Order Lot-Sizing: An Integrated Multi-Objective Decision-Making Process.” International Journal of Production Research 53 (2): 383–408. https://doi.org/10.1080/00207543.2014.935827.
   Web of Science ®Google Scholar
• Bai, J., and H. Ru. 2024. “Carbon Emissions Trading and Environmental Protection: International Evidence.” Management Science. Articles in Advance 1–11. https://doi.org/10.1287/mnsc.2023.03143.
   Google Scholar
• Barko, T., M. Cremers, and L. Renneboog. 2022. “Shareholder Engagement on Environmental, Social, and Governance Performance.” Journal of Business Ethics 180 (2): 777–812.
   Web of Science ®Google Scholar
• Bellamy, M. A., S. Dhanorkar, and R. Subramanian. 2020. “Administrative Environmental Innovations, Supply Network Structure, and Environmental Disclosure.” Journal of Operations Management 66 (7–8): 895–932. https://doi.org/10.1002/joom.1114.
   Web of Science ®Google Scholar
• Berg, F., J. F. Kölbel, and R. Rigobon. 2022. “Aggregate Confusion: The Divergence of ESG Ratings.” Review of Finance 26 (6): 1315–1344. https://doi.org/10.1093/rof/rfac033.
   Web of Science ®Google Scholar
• Billio, M., M. Costola, I. Hristova, C. Latino, and L. Pelizzon. 2021. “Inside the ESG Ratings: (Dis) agreement and Performance.” Corporate Social Responsibility and Environmental Management 28 (5): 1426–1445. https://doi.org/10.1002/csr.2177.
   Web of Science ®Google Scholar
• Björklund, M., H. Forslund, and M. Persdotter Isaksson. 2016. “Exploring Logistics-Related Environmental Sustainability in Large Retailers.” International Journal of Retail & Distribution Management 44 (1): 38–57. https://doi.org/10.1108/IJRDM-05-2015-0071.
   Web of Science ®Google Scholar
• Brintrup, A., E. Kosasih, P. Schaeffer, G. Zheng, G. Demirel, and B. L. MacCarthy. 2024. “Digital Supply Chain Surveillance Using Artificial Intelligence: Definitions, Opportunities and Risks.” International Journal of Production Research 62 (13): 4674–4695.
   Web of Science ®Google Scholar
• Cappelletti, F., and M. Germani. 2023. “Carbon Reduction Engineering Through Value Chains Intersection, Product and Process re-Design, Industrial Processes’ Scraps De-Manufacturing.” International Journal of Production Research 1–22. https://doi.org/10.1080/00207543.2023.2243527.
   Web of Science ®Google Scholar
• Chen, L., H. L. Lee, and C. S. Tang. 2022. “Supply Chain Fairness.” Production and Operations Management 31 (12): 4304–4318. https://doi.org/10.1111/poms.13849.
   Web of Science ®Google Scholar
• Chen, Y., and Y. Ma. 2021. “Does Green Investment Improve Energy Firm Performance?” Energy Policy 153: 112252. https://doi.org/10.1016/j.enpol.2021.112252.
   Web of Science ®Google Scholar
• Chen, Y., Q. Zhu, and J. Sarkis. 2023. “Green Supply Chain Management Practice Adoption Sequence: A Cumulative Capability Perspective.” International Journal of Production Research 61 (17): 5918–5933. https://doi.org/10.1080/00207543.2022.2118891.
   Web of Science ®Google Scholar
• Chung, K., L. T. M. Nguyen, and D. T. T. Nguyen. 2023. “Improving Hotels’ Operational Efficiency Through ESG Investment: A Risk Management Perspective.” Service Science, Articles in Advance 1–12. https://doi.org/10.1287/serv.2023.0080.
   Google Scholar
• Corbett, C. J. 2024. “OM Forum—The Operations of Well-Being: An Operational Take on Happiness, Equity, and Sustainability.” Manufacturing & Service Operations Management 26 (2): 409–430. https://doi.org/10.1287/msom.2022.0521.
   Google Scholar
• Dai, T., and C. Tang. 2022. “Frontiers in Service Science: Integrating ESG Measures and Supply Chain Management: Research Opportunities in the Post Pandemic era.” Service Science 14 (1): 1–12. https://doi.org/10.1287/serv.2021.0295.
   Web of Science ®Google Scholar
• Díaz, V., D. Ibrushi, and J. Zhao. 2021. “Reconsidering Systematic Factors During the COVID-19 Pandemic–The Rising Importance of ESG.” Finance Research Letters 38: 101870. https://doi.org/10.1016/j.frl.2020.101870.
   PubMed Web of Science ®Google Scholar
• Durak Uşar, D., and M. A. Soytas. 2023. “Sustainability Outcomes in Multi-Tier Supply Chains: An Empirical Study of Turkish Manufacturing Firms.” International Journal of Production Research 61 (14): 4625–4656. https://doi.org/10.1080/00207543.2022.2088425.
   Web of Science ®Google Scholar
• Ecer, F. 2022. “Multi-criteria Decision Making for Green Supplier Selection Using Interval Type-2 Fuzzy AHP: A Case Study of a Home Appliance Manufacturer.” Operational Research 22 (1): 199–233. https://doi.org/10.1007/s12351-020-00552-y.
   Web of Science ®Google Scholar
• Edmans, A., D. Pu, C. Zhang, and L. Li. 2023. “Employee Satisfaction, Labor Market Flexibility, and Stock Returns Around the World.” Management Science 1–24. https://doi.org/10.1287/mnsc.2023.4889.
   Web of Science ®Google Scholar
• Erfaisalsyah, M. H., A. Mansur, and A. U. Khasanah. 2017. “Yarn Supplier Selection using Analytical Hierarchy Process (AHP) and Standardized Unitless Rating (SUR) Method on Textile Industry.” In AIP Conference Proceedings (Vol. 1902, No. 1). AIP Publishing, November.
   Google Scholar
• GOI. 2021. LEADS 2021 Logistics Ease Across Different States, Department of Commerce, Ministry of Commerce and Industry, Government of India. https://logistics.gov.in/media/bllftp3x/infocus1.pdf (Report).
   Google Scholar
• Greene, S., H. Jia, and G. Rubio-Domingo. 2020. “Well-to-Tank Carbon Emissions from Crude oil Maritime Transportation.” Transportation Research Part D: Transport and Environment 88: 102587. https://doi.org/10.1016/j.trd.2020.102587.
   Web of Science ®Google Scholar
• GRI. 2020. Global Reporting Initiative, GRI Standards. www.globalreporting.org/gri-standards-english-language(Report).
   Google Scholar
• Gualandris, J., A. Longoni, D. Luzzini, and M. Pagell. 2021. “The Association Between Supply Chain Structure and Transparency: A Large-Scale Empirical Study.” Journal of Operations Management 67 (7): 803–827. https://doi.org/10.1002/joom.1150.
   Web of Science ®Google Scholar
• Gündoğdu, H. G., A. Aytekin, Ş Toptancı, S. Korucuk, and Ç Karamaşa. 2023. “Environmental, Social, and Governance Risks and Environmentally Sensitive Competitive Strategies: A Case Study of a Multinational Logistics Company.” Business Strategy and the Environment 32 (7): 4874–4906.
   Web of Science ®Google Scholar
• Guslan, D., and Y. A. Nasrullah. 2020. “Analisis Perbandingan Metode Standardized Unitless Rating (SUR) Dan Linear Programming Dalam Pemilihan Prioritas Vendor Trucking.” Competitive 15 (1): 20–25. https://doi.org/10.36618/competitive.v15i1.660.
   Google Scholar
• Harish, A. R., W. Wu, M. Li, and G. Q. Huang. 2023. “Blockchain-enabled Digital Asset Tokenization for Crowdsensing in Environmental, Social, and Governance Disclosure.” Computers & Industrial Engineering 185: 109664. https://doi.org/10.1016/j.cie.2023.109664.
   Web of Science ®Google Scholar
• Hoepner, A. G., I. Oikonomou, Z. Sautner, L. T. Starks, and X. Zhou. 2024. “ESG Shareholder Engagement and Downside Risk.” Review of Finance 28 (2): 483–510.
   Web of Science ®Google Scholar
• Hsu, P. H., H. Liang, and P. Matos. 2023. “Leviathan Inc. and Corporate Environmental Engagement.” Management Science 69 (12): 7719–7758.
   Web of Science ®Google Scholar
• Ilhan, E., P. Krueger, Z. Sautner, and L. T. Starks. 2023. “Climate Risk Disclosure and Institutional Investors.” The Review of Financial Studies 36 (7): 2617–2650. https://doi.org/10.1093/rfs/hhad002.
   Web of Science ®Google Scholar
• Ishizaka, A., B. Lokman, and M. Tasiou. 2021. “A Stochastic Multi-Criteria Divisive Hierarchical Clustering Algorithm.” Omega 103: 102370. https://doi.org/10.1016/j.omega.2020.102370.
   Web of Science ®Google Scholar
• Ivanov, D. 2020. “Predicting the Impacts of Epidemic Outbreaks on Global Supply Chains: A Simulation-Based Analysis on the Coronavirus Outbreak (COVID-19/SARS-CoV-2) Case.” Transportation Research Part E: Logistics and Transportation Review 136: 101922. https://doi.org/10.1016/j.tre.2020.101922.
   PubMed Web of Science ®Google Scholar
• Jazairy, A., and R. von Haartman. 2020. “Analysing the Institutional Pressures on Shippers and Logistics Service Providers to Implement Green Supply Chain Management Practices.” International Journal of Logistics Research and Applications 23 (1): 44–84. https://doi.org/10.1080/13675567.2019.1584163.
   Web of Science ®Google Scholar
• Khan, S. A. R., C. Jian, Y. Zhang, H. Golpîra, A. Kumar, and A. Sharif. 2019. “Environmental, Social, and Economic Growth Indicators Spur Logistics Performance: From the Perspective of South Asian Association for Regional Cooperation Countries.” Journal of Cleaner Production 214: 1011–1023. https://doi.org/10.1016/j.jclepro.2018.12.322.
   Web of Science ®Google Scholar
• Khatib, S. F., and A. Nour. 2021. “The Impact of Corporate Governance on Firm Performance During the COVID-19 Pandemic: Evidence from Malaysia. Journal of Asian Finance.” Economics and Business 8 (2): 0943–0952.
   Web of Science ®Google Scholar
• Larcker, D. F., A. Seru, B. Tayan, and L. E. Lee. 2024. “2024 Institutional Investor Survey on Sustainability” https://www.gsb.stanford.edu/faculty-research/publications/2024-institutional-investor-survey-sustainability.
   Google Scholar
• Li, C. C., Y. P. Fun, and J. S. Hung. 1997. “A new Measure for Supplier Performance Evaluation.” IIE Transactions 29 (9): 753–758.
   Web of Science ®Google Scholar
• Lo, C. K., C. S. Tang, and Y. Zhou. 2022. “Do Polluting Firms Suffer Long Term? Can Government use Data-Driven Inspection Policies to Catch Polluters?”. Production and Operations Management 31 (12): 4351–4363. https://doi.org/10.1111/poms.13861.
   Web of Science ®Google Scholar
• Louche, C., G. Delautre, and G. Balvedi Pimentel. 2023. “Assessing Companies’ Decent Work Practices: An Analysis of ESG Rating Methodologies.” International Labour Review 162 (1): 69–97. https://doi.org/10.1111/ilr.12370.
   Web of Science ®Google Scholar
• Mathew, M., R. K. Chakrabortty, and M. J. Ryan. 2020. “Selection of an Optimal Maintenance Strategy Under Uncertain Conditions: An Interval Type-2 Fuzzy AHP-TOPSIS Method.” IEEE Transactions on Engineering Management 69 (4): 1121–1134.
   Web of Science ®Google Scholar
• Mervelskemper, L., and D. Streit. 2017. “Enhancing Market Valuation of ESG Performance: Is Integrated Reporting Keeping its Promise?” Business Strategy and the Environment 26 (4): 536–549. https://doi.org/10.1002/bse.1935.
   Web of Science ®Google Scholar
• Miao, Z., S. Cai, and D. Xu. 2012. “Exploring the Antecedents of Logistics Social Responsibility: A Focus on Chinese Firms.” International Journal of Production Economics 140 (1): 18–27. https://doi.org/10.1016/j.ijpe.2011.05.030.
   Web of Science ®Google Scholar
• Molinaro, M., G. Orzes, M. Sartor, and G. Nassimbeni. 2023. “A Sand Cone Model of Sustainability Performance: An Empirical Analysis.” International Journal of Production Research 62 (10): 3781–3799.
   Web of Science ®Google Scholar
• Moss, A., J. P. Naughton, and C. Wang. 2023. “The Irrelevance of Environmental, Social, and Governance Disclosure to Retail Investors.” Management Science 70 (4): 2626–2644.
   Google Scholar
• Neto, J. M., and V. A. P. Salomon. 2022. Understanding the Dynamics of New Normal for Supply Chains: Post COVID Opportunities and Challenges, 121–137. Cham: Springer International Publishing. https://doi.org/10.1007/978-3-031-07333-5_7.
   Google Scholar
• NITI Aayog and Rocky Mountain Institute. 2018. “Goods on the Move: Efficiency & Sustainability in Indian Logistics.” 2018(Report).
   Google Scholar
• Piecyk, M. I., and M. Björklund. 2015. “Logistics Service Providers and Corporate Social Responsibility: Sustainability Reporting in the Logistics Industry.” International Journal of Physical Distribution & Logistics Management 45 (5): 459–485. https://doi.org/10.1108/IJPDLM-08-2013-0228.
   Web of Science ®Google Scholar
• Rashidi, K., and K. Cullinane. 2019. “Evaluating the Sustainability of National Logistics Performance Using Data Envelopment Analysis.” Transport Policy 74: 35–46. https://doi.org/10.1016/j.tranpol.2018.11.014.
   Web of Science ®Google Scholar
• Refinitiv. 2022. Environmental, social and governance scores from Refinitiv. https://www.refinitiv.com/content/dam/marketing/en_us/documents/methodology/refinitiv-ESG-scores-methodology.pdf.
   Google Scholar
• Sahin, Ö, K. Bax, S. Paterlini, and C. Czado. 2023. “The Pitfalls of (Non-Definitive) Environmental, Social, and Governance Scoring Methodology.” Global Finance Journal 56: 100780.
   Web of Science ®Google Scholar
• Sandu, G., O. Varganova, and B. Samii. 2023. “Managing Physical Assets: A Systematic Review and a Sustainable Perspective.” International Journal of Production Research 61 (19): 6652–6674. https://doi.org/10.1080/00207543.2022.2126019.
   Web of Science ®Google Scholar
• Sarkis, J., and S. Ibrahim. 2022. “Building Knowledge Beyond our Experience: Integrating Sustainable Development Goals Into IJPR’s Research Future.” International Journal of Production Research 60 (24): 7301–7318. https://doi.org/10.1080/00207543.2022.2028922.
   Web of Science ®Google Scholar
• Tamayo-Torres, I., L. Gutierrez-Gutierrez, and A. Ruiz-Moreno. 2019. “Boosting Sustainability and Financial Performance: The Role of Supply Chain Controversies.” International Journal of Production Research 57 (11): 3719–3734. https://doi.org/10.1080/00207543.2018.1562248.
   Web of Science ®Google Scholar
• Tang, C. S. 2023. “Diversity, Equity, and Inclusion: Decision Science Research Opportunities.” Decision Sciences 55 (1): 7–16.
   Web of Science ®Google Scholar
• Tsang, Y. P., Y. Fan, and Z. P. Feng. 2023. “Bridging the Gap: Building Environmental, Social and Governance Capabilities in Small and Medium Logistics Companies.” Journal of Environmental Management 338: 117758. https://doi.org/10.1016/j.jenvman.2023.117758.
   PubMed Web of Science ®Google Scholar
• Utama, D. M., T. Baroto, M. F. Ibrahim, and D. S. Widodo. 2021. “Evaluation of Supplier Performance in Plastic Manufacturing Industry: A Case Study.” In Journal of Physics: Conference Series 1845 (1): 012016. IOP Publishing, March. https://doi.org/10.1088/1742-6596/1845/1/012016.
   Google Scholar
• Vann Yaroson, E., S. Chowdhury, S. K. Mangla, P. Dey, F. T. Chan, and M. Roux. 2023. “A Systematic Literature Review Exploring and Linking Circular Economy and Sustainable Development Goals in the Past Three Decades (1991–2022).” International Journal of Production Research 62 (4): 1399–1433.
   Web of Science ®Google Scholar
• Wu, Q., L. Zhou, Y. Chen, and H. Chen. 2019. “An Integrated Approach to Green Supplier Selection Based on the Interval Type-2 Fuzzy Best-Worst and Extended VIKOR Methods.” Information Sciences 502: 394–417.
   Web of Science ®Google Scholar
• Yu, K., Q. Wu, X. Chen, W. Wang, and A. Mardani. 2023. “An Integrated MCDM Framework for Evaluating the Environmental, Social, and Governance (ESG) Sustainable Business Performance.” Annals of Operations Research 1–32. https://doi.org/10.1007/s10479-023-05616-8.
   Web of Science ®Google Scholar
• Zeng, H., R. Y. M. Li, and L. Zeng. 2022. “Evaluating Green Supply Chain Performance Based on ESG and Financial Indicators.” Frontiers in Environmental Science 10: 982828. https://doi.org/10.3389/fenvs.2022.982828.
   Web of Science ®Google Scholar
• Zhu, Q., Y. Qu, Y. Geng, and T. Fujita. 2017. “A Comparison of Regulatory Awareness and Green Supply Chain Management Practices among Chinese and Japanese Manufacturers.” Business Strategy and the Environment 26 (1): 18–30. https://doi.org/10.1002/bse.1888.
   Web of Science ®Google Scholar