scholarly journals Alignment of Islamic Banking Sustainability Indicators with Sustainable Development Goals: Policy Recommendations for Addressing the COVID-19 Pandemic

2021 ◽  
Vol 13 (5) ◽  
pp. 2607
Author(s):  
Amin Jan ◽  
Mário Nuno Mata ◽  
Pia A. Albinsson ◽  
José Moleiro Martins ◽  
Rusni Bt Hassan ◽  
...  

This study aims to establish the link of key Islamic banking sustainability indicators with the United Nations’ Sustainable Development Goals (UN SDGs) as a policy recommendation for sustainable development and to mitigate the distressing impacts of the COVID-19 pandemic on the triple bottom line (people, planet, and profit). To identify the key Islamic banking sustainability indicators, the authors selected the most cited sustainability measurement indexes in Islamic banking. Initially, the indexes were divided into 10 broader themes, and then the key Islamic banking sustainability indicators were shortlisted from each theme based on their high-frequency distribution. The shortlisted sustainability indicators were then ratified to be in line with Islamic philosophy based on “Maqasid al-Shariah” (objectives of Shariah) and were subsequently grouped into the three dimensions of economic, environmental, and social sustainability based on the axial coding method. Finally, the categorized sustainability indicators were aligned with the relevant UN SDGs through the axial coding method for policy formulation, and respectively 12 propositions were developed for policy formulation. This study labeled the methodological process of this study as the ECA method (exploration, categorization, alignment). The new ECA method offers a reverse extension in the “SDG compass” developed by the Global Reporting Initiative (GRI) for aligning business policies with the UN SDGs. The process of aligning Islamic banking sustainability indicators with the UN SDGs will provide a roadmap to recovery from the COVID-19 pandemic in terms of economic, environmental, and social issues. Due to the diversity of the UN SDG framework, it covers multiples aspects for sustainable development. Therefore, considering the UN SDGs in terms of various banking instruments will mitigate the multiple distressing impacts of COVID-19 on the triple bottom line (people, planet, and profit), it will also promote a sustainable development agenda.

2020 ◽  
Vol 10 (10) ◽  
pp. 261
Author(s):  
Helen Kopnina

This article will discuss social, environmental, and ecological justice in education for sustainable development (ESD) and Education for Sustainable Development Goals (ESDG). The concept of sustainable development and, by extension, the ESD, places heavy emphasis on the economic and social aspects of sustainability. However, the ESD falls short of recognizing ecological justice, or recognition that nonhumans also have a right to exist and flourish. An intervention in the form of an undergraduate course titled Politics, Business, and Environment (PBE) will be discussed. As part of this course, students were asked to reflect on the three pillars of sustainable development: society, economy, and environment, linking these to the fourth concept, ecological justice or biospheric egalitarianism. Biospheric egalitarianism is characterized by the recognition of intrinsic value in the environment and is defined as concern about justice for the environment. Some of the resulting exam answers are analyzed, demonstrating students’ ability to recognize the moral and pragmatic limitations of the anthropocentric approach to justice. This analysis presents ways forward in thinking about the role of “ecological justice” as the ultimate bottom line upon which both society and economy are based.


2020 ◽  
Vol 10 (3) ◽  
pp. 55 ◽  
Author(s):  
Paul Mansell ◽  
Simon P. Philbin ◽  
Efrosyni Konstantinou

The United Nations’ (UN) Sustainable Development Goals (SDGs) aim to deliver an improved future for people, planet and profit. However, they have not gained the required traction at the business and project levels. This article explores how engineers rate and use the SDGs at the organisational and project levels. It adopts the Realist Evaluation’s Context–Mechanism–Outcomes model to critically evaluate practitioners’ views on using SDGs to measure business and project success. The study addresses the thematic areas of sustainability and business models through the theoretical lens of Creating Shared Value and the Triple Bottom Line. A survey of 325 engineers indicated four primary shortfalls for measuring SDGs on infrastructure projects, namely (1) leadership, (2) tools and methods, (3) engineers’ business skills in measuring SDG impact and (4) how project success is too narrowly defined as outputs (such as time, cost and scope) and not outcomes (longer-term local impacts and stakeholder value). The research study is of value to researchers developing business models that address the SDGs and also practitioners in the construction industry who seek to link their investment decisions to the broader outcomes of people, planet and profit through the UN SDGs.


2019 ◽  
Vol 8 (3) ◽  
pp. 75 ◽  
Author(s):  
Gavin Melles

As reflected in the sustainable development goals (SDGs), sustainable development is a multi-dimensional concept integrating political, ethical, economic, and other factors. Reports from the United Nations (UN) Decade of Education for Sustainable Development (UNDESD) suggest that universities are more engaged with sustainable development in higher education. Despite promising signals about student awareness of sustainable development, survey studies suggest student engagement and knowledge is limited. Previous studies have tended to focus on undergraduates and examine basic attitudes to triple bottom line issues. This study examined knowledge and attitudes of postgraduate U.K. students enrolled in one-year taught sustainability degrees on the multi-dimensional issues of sustainable development. This study piloted a 39-question 7-point Likert scale survey with a cohort of U.K.-taught postgraduate (MSc, MPhil) students (n = 121, Cronbach’s Alpha 0.796, n = 39 questions). The study found this cohort able to recognize and respond to the multiple challenges of strong and weak sustainable development issues rather than exhibiting knowledge gaps previously reported. Results and qualitative comments from the survey suggest, however, that students resist the idea of strong interventions in social, political, and economic life.


Author(s):  
Pau Sendra Pons ◽  
Norat Roig Tierno ◽  
Alicias Mas Tur

In September 2015, world leaders agreed on a new sustainable development agenda based on a set of global goals aimed at eradicating poverty, ensuring planet protection and guaranteeing prosperity for future generations (Stafford-Smith et al., 2017). Since then, the education sector has played a fundamental role, not only raising awareness among young people about the importance of Sustainable Development Goals (SDGs) but also promoting innovative ideas around sustainability (Owens, 2017). SDGs implementation needs of business actors rethinking their understanding of economic growth, taking into consideration not only economic aspects but also social and ecological concerns (Crespo et al., 2017). Thus, the traditional paradigm based on continuous economic expansions needs to adopt a triple bottom line perspective (Slaper and Hall, 2011). In this context, it is remarkable to bring economic and business students closer to the importance of SDGs, involving them in the 2030 Agenda for sustainable development. For this purpose, a LEGO Serious Play (LSP) workshop is held to envision a more sustainable tomorrow and collectively reflect on the main challenges of our society from the business perspective (Kristiansen and Rasmussen, 2014). LSP is an unconventional methodology based on brick-building and metaphoric storytelling. It involves kinesthetic learning given that participants are asked to build metaphoric structures with Lego bricks that respond to a challenge raised by the instructor. This hands-on methodology is often accompanied by facilitated reflection, becoming a language for emotional content and promoting discussion around complex issues (Peabody and Noyes, 2017). The workshop started with an introduction to LSP for students to familiarize themselves with its dynamics. Then, a challenge related to the achievement of Sustainable Development Goals (SDGs) was raised by the instructors who accompanied students through the process of strategic thinking. The last part of the workshop was devoted to sharing ideas and reflections among participants, both regarding the designed prototypes and the potential of LSP for developing new ideas. This last phase was developed firstly within the different work groups and, after, with the broader group so that participants could receive the feedback of their fellows before presenting the prototypes to all participants. To analyze the results of this innovative education project, we conducted a survey among participants about LSP methodology, workshop dynamics and skills acquisition using a Likert scale. The results show how LSP is especially suitable to foster ideation around SDGs since it raises awareness and understanding about how these goals might be integrated into daily business initiatives. It also allows participants to significantly improve their communication and problem-solving skills. This suggests LSP methodology is suitable in higher education contexts as it allows students to reflect on complex issues through an ideation process where kinesthetic learning plays a crucial role. LSP speeds up the process of finding sustainable solutions and allows unconscious ideas to take shape in 3D. It also helps students to foster self-confidence as well as network with other students, given its socializing nature. All in all, students develop key skills for their professional development. 


2020 ◽  
Vol 16 (3) ◽  
pp. 247
Author(s):  
Susilowati Natakoesoemah

Corporate Social Responsibility (CSR ) telah menjadi bagian yang integral dalam industri bisnis saat ini. Paradigma CSR pun telah berubah, perusahaan harus berusaha mengimplementasikan CSR dengan pendekatan Sustainable Development Goals (SDG’s)“ pada visi businessnya. Prinsip yang dikandung dalam Sustainaible Development pada intinya adalah perusahaan tidak hanya memperhatikan keuntungan perusahaan semata dengan cara menjaga reputasi, corporate image atau meningkatkan market share namun juga harus mengembangkan proses pembangunan tanpa mengorbankan pemenuhan kebutuhan generasi yang akan datang. Oleh karena itu SDG’s melibatkan 3 pilar atau yang dikenal dengan “Triple Bottom Line “ yakni pertama meminimalisir kerushakan lingkungan; Kedua , memberikan manfaat kepada masyarakat dimana organisasi berada; Ketiga, memberikan “economic value” bagi perushaan. Untuk menjalankan prinsip program CSR dengan prinsip SDG’s ini memerlukan partisipasi dari perusahaan maupun masyarakat , maka untuk membantu mengatasi solusi ini diperlukan pendekatan komunikasi partisipatif dalam pelaksanaan program CSR. Makalah ini mengindikasikan bahwa untuk mendorong perubahan perilaku kebiasaan masyarakat sehari-hari atau meningkatkan kesadaran masyarakat tidak cukup hanya melalui pengembangan komunikasi partisipatif , namun diperlukan pula program yang berkesinambungan dengan melakukan mentoring dan berbagi pengetahuan untuk memperkuat sikap dan perilaku terhadap kesehatan dan gizi serta kebersihan.


2018 ◽  
Vol 10 (10) ◽  
pp. 3766 ◽  
Author(s):  
Gyula Dörgő ◽  
Viktor Sebestyén ◽  
János Abonyi

Policymaking requires an in-depth understanding of the cause-and-effect relationships between the sustainable development goals. However, due to the complex nature of socio-economic and environmental systems, this is still a challenging task. In the present article, the interconnectedness of the United Nations (UN) sustainability goals is measured using the Granger causality analysis of their indicators. The applicability of the causality analysis is validated through the predictions of the World3 model. The causal relationships are represented as a network of sustainability indicators providing the opportunity for the application of network analysis techniques. Based on the analysis of 801 UN indicator types in 283 geographical regions, approximately 4000 causal relationships were identified and the most important global connections were represented in a causal loop network. The results highlight the drastic deficiency of the analysed datasets, the strong interconnectedness of the sustainability targets and the applicability of the extracted causal loop network. The analysis of the causal loop networks emphasised the problems of poverty, proper sanitation and economic support in sustainable development.


2019 ◽  
Vol 227 (2) ◽  
pp. 139-143 ◽  
Author(s):  
Alex Sandro Gomes Pessoa ◽  
Linda Liebenberg ◽  
Dorothy Bottrell ◽  
Silvia Helena Koller

Abstract. Economic changes in the context of globalization have left adolescents from Latin American contexts with few opportunities to make satisfactory transitions into adulthood. Recent studies indicate that there is a protracted period between the end of schooling and entering into formal working activities. While in this “limbo,” illicit activities, such as drug trafficking may emerge as an alternative for young people to ensure their social participation. This article aims to deepen the understanding of Brazilian youth’s involvement in drug trafficking and its intersection with their schooling, work, and aspirations, connecting with Sustainable Development Goals (SDGs) 4 and 16 as proposed in the 2030 Agenda for Sustainable Development adopted by the United Nations in 2015 .


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