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Challenges in Overcoming Current and Future Sustainability Crises

A special issue of Sustainability (ISSN 2071-1050).

Deadline for manuscript submissions: closed (30 November 2021) | Viewed by 17743

Special Issue Editors


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Guest Editor
Department of Business, Faculty of Business, Babeș-Bolyai University, 400084 Cluj-Napoca, Romania
Interests: climate change; catastrophe risk management; sustainable development; insurance; terrorism

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Guest Editor
Research and Transfer Centre "Sustainability and Climate Change Management", Hamburg University of Applied Sciences, Ulmenliet 20, 21033 Hamburg, Germany
Interests: climate change management; environment and technology; education for sustainable development
Special Issues, Collections and Topics in MDPI journals

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Guest Editor
Faculty of Economics in Osijek, Josip Juraj Strossmayer University of Osijek, Osijek, Croatia
Interests: sustainability; energy; macroeconomics

Special Issue Information

Dear Colleagues,

Since the creation of the Sustainable Development Goals in 2015, many challenges and barriers have arisen that have hindered progress in achieving sustainability (Ávila et al., 2019).

Universities have been identified as one of the biggest drivers of sustainable action. The main barriers existing in educational institutions are lack of funding and negative attitudes towards sustainability (Ulmer & Wydra, 2020). People often lack knowledge of the sustainability crisis and therefore fail to understand that sustainable initiatives may minimize future costs as well as provide a more stable environment. Furthermore, it is noted that initial practices are often implemented but not completed as more capital-generating initiatives are prioritized. Additionally, minimal government policies exist to encourage the implementation of sustainability at universities despite the immense potential of the institutions (Ávila et al., 2019).

The worsening of the climate change problem has further hindered the reduction of the sustainability crisis. Extreme climate events have threatened the food security of countries due to their effects on agricultural practices. This has further increased poverty in these regions due to decreases in subsistence farming and general reductions of national GDP (Mojid, 2020).

Additionally, the economic and political status of countries differ, causing inequalities in the sustainability crisis. Certain countries have more financial capability for achieving sustainability, whereas others do not, thus preventing progress. This barrier is more prominently observed in less developed/developing countries (Barua, 2020). Furthermore, corruption within the governing systems of countries can cause funds prioritized for sustainable initiatives to be appropriated. Recovering these funds is not always possible, causing the sustainability crises to worsen (Frolova et al., 2019).

Furthermore, already existing barriers have been exacerbated due to the COVID-19 pandemic. The pandemic has led to a diversion of resources, whilst worsening unemployment and poverty in many countries remain. The focus has been shifted from sustainability to the pandemic (Barbier & Burgess, 2020; Jones & Comfort, 2020).

Crises increase existing uncertainty, accelerate known risks, and create new risks, simultaneously imposing unprecedented challenges on leaders in business, government, and other spheres of our lives. However, they also open room for new, more creative and socially and environmentally improved business and socio-economic solutions as well as new ways of managing crisis situations.

By providing different and more comprehensive insights on a broad range of crisis-related issues, this Special Issue will produce a deeper understanding of the causes and consequences of endogenously and exogenously generated crises. It will also offer new creative and inspiring solutions for building more powerful resilience measures to crises and creating a better future in general.

References:

Ávila, L. V., Beuron, T. A., Brandli, L. L., Damke, L. I., Pereira, R. S., & Klein, L. L. (2019). Barriers to innovation and sustainability in universities: an international comparison. International Journal of Sustainability in Higher Education, 20(5), 805–821. doi:10.1108/IJSHE-02-2019-0067

Barbier, E. B., & Burgess, J. C. (2020). Sustainability and development after COVID-19. World Development, 135, 105082. doi:https://doi.org/10.1016/j.worlddev.2020.105082

Barua, S. (2020). Financing sustainable development goals: A review of challenges and mitigation strategies. Business Strategy & Development, 3(3), 277–293. doi:https://doi.org/10.1002/bsd2.94

Frolova, I., Voronkova, O., Alekhina, N., Kovaleva, I., Prodanova, N., & Kashirskaya, L. (2019). Corruption as an obstacle to sustainable development: A regional example. Entrepreneurship and Sustainability Issues, 7(1), 674–689. doi:http://doi.org/10.9770/jesi.2019.7.1(48)

Jones, P., & Comfort, D. (2020). The COVID-19 crisis, tourism and sustainable development. Athens Journal of Tourism, 7(2), 75–86. doi:https://doi.org/10.30958/ajt.7-2-1

Mojid, M. (2020). Climate change-induced challenges to sustainable development in Bangladesh. Paper presented at the IOP Conference Series: Earth and Environmental Science.

Ulmer, N., & Wydra, K. (2020). Sustainability in African higher education institutions (HEIs). International Journal of Sustainability in Higher Education, 20(1), 18–33. doi:10.1108/IJSHE-03-2019-0106

Prof. Marius Dan Gavriletea
Prof. Walter Leal Filho
Prof. Đula Borozan
Guest  Editor

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Keywords

  • sustainability crisis
  • risks
  • crises management
  • challenges
  • resilience
  • pandemic

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Published Papers (4 papers)

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Research

17 pages, 493 KiB  
Article
The Value of Art in Persuasive Marketing Communication and Its Sustainable Effect on the Country of Origin
by Angela Madan, Laura Daniela Rosca, Ionel Dumitru and Andrei Canda
Sustainability 2022, 14(3), 1228; https://doi.org/10.3390/su14031228 - 21 Jan 2022
Cited by 6 | Viewed by 5534
Abstract
The value of art in persuasion integrates the country’s culture and art according to marketing communication. Our research examined the impact of artistic communication values on customers’ behavior as a sustainable effect on the country of origin by applying two hypotheses. These hypotheses [...] Read more.
The value of art in persuasion integrates the country’s culture and art according to marketing communication. Our research examined the impact of artistic communication values on customers’ behavior as a sustainable effect on the country of origin by applying two hypotheses. These hypotheses were tested on 689 respondents, mainly from Romania. This marketing communication analysis indicated that persuasion had more value for customers when ethical rhetorical arguments, dialects, poetry, essays, poems, and fairy tales were linked to a country’s culture, such as tradition, national values, and heritage, or were combined with art, such as paintings, sculptures, and music. The results demonstrated that artistic communication influenced consumer behavior positively, having a sustainable effect on the country of origin. Full article
(This article belongs to the Special Issue Challenges in Overcoming Current and Future Sustainability Crises)
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20 pages, 1071 KiB  
Article
Territorial Distribution of EU Funds Allocation for Developments of Rural Romania during 2014–2020
by Doru Maier, Ancuta-Nicoleta Remete, Alina-Mihaela Corda, Ioana-Alexandra Nastasoiu, Paul-Sorin Lazăr, Iustin-Atanasiu Pop and Traian-Ionuţ Luca
Sustainability 2022, 14(1), 506; https://doi.org/10.3390/su14010506 - 4 Jan 2022
Cited by 4 | Viewed by 2621
Abstract
This study uses cross-section regressions and spatial econometrics techniques to identify determinants of rural development project implementation based on the Common Agriculture Policy (CAP) of the European Union. For this, we use 40 Romanian counties. Results show that agricultural land abundancy and land [...] Read more.
This study uses cross-section regressions and spatial econometrics techniques to identify determinants of rural development project implementation based on the Common Agriculture Policy (CAP) of the European Union. For this, we use 40 Romanian counties. Results show that agricultural land abundancy and land concentration degree are significant positive factors. On the contrary, the local human development level is a negative determinant, low values for this factor being an incentive to compensate the lack of own resources through European funding. No significant effects of the average salary or population density were depicted. Spatial analysis indicates contagion and diffusion processes for fund accession through projects. This behavior is like that in other financial sectors, in which human behavior is a decisive factor, such as the insurance one. A West–East clusterization process is identified for the total project value, conditioned by the identified factors. Full article
(This article belongs to the Special Issue Challenges in Overcoming Current and Future Sustainability Crises)
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18 pages, 326 KiB  
Article
Globalization and GHG Emissions in the EU: Do We Need a New Development Paradigm?
by Nela Vlahinić Lenz and Barbara Fajdetić
Sustainability 2021, 13(17), 9936; https://doi.org/10.3390/su13179936 - 4 Sep 2021
Cited by 15 | Viewed by 3603
Abstract
The European Union (EU) has adopted a new development strategy based on “green” growth and announced carbon neutrality by 2050. Still, the EU’s previous development path was mainly based on trade openness and globalization, with positive economic and negative climate impacts. The aim [...] Read more.
The European Union (EU) has adopted a new development strategy based on “green” growth and announced carbon neutrality by 2050. Still, the EU’s previous development path was mainly based on trade openness and globalization, with positive economic and negative climate impacts. The aim of this paper was to test the hypothesis of globalization-induced carbon emissions in order to evaluate a possible future development path. The Arellano–Bond estimator was employed for dynamic panel analysis in 26 EU countries over the period 2000–2018. A significant and positive relationship was found between economic globalization and passenger mobility and greenhouse gas (GHG) emissions, while environmental taxes can correct the negative climate effect. On the other hand, social and political dimensions of globalization reduce negative climate impacts. To achieve net zero emissions, the EU needs to continue its global climate leadership, extend the use of environmental taxes, and stimulate economic growth based on low-carbon technologies such as hydrogen, energy storage, and CCUS. Full article
(This article belongs to the Special Issue Challenges in Overcoming Current and Future Sustainability Crises)
20 pages, 1297 KiB  
Article
Unpacking the IFRS Implications of COVID-19 for Travel and Leisure Companies Listed on the JSE
by Diana da Silva, Danie Schutte and Jhalukpreya Surujlal
Sustainability 2021, 13(14), 7942; https://doi.org/10.3390/su13147942 - 16 Jul 2021
Cited by 6 | Viewed by 4505
Abstract
Purpose: The main purpose of this article is to study the IFRS implications of COVID-19 for selected travel and leisure companies listed on the JSE. The article investigates how these selected companies disclose financial information regarding the going concern, or in other words; [...] Read more.
Purpose: The main purpose of this article is to study the IFRS implications of COVID-19 for selected travel and leisure companies listed on the JSE. The article investigates how these selected companies disclose financial information regarding the going concern, or in other words; the sustainability of the company, revenue of the company, how the companies made estimations, and more, to account for the impact of the coronavirus pandemic on their financial information. Design/methodology/approach: content analysis was used to analyse the financial statements of ten travel and leisure companies listed on the JSE. This analysis indicated what additional disclosures these companies have in the light of COVID-19. Findings: even though there is no specific IFRS standard providing guidance on the impact of COVID-19, the findings reveal that the companies took utmost care in disclosing information and the impact of COVID-19 in the financial statements. Companies cautiously considered the impact of the coronavirus on their financial results and provided the users of these financial statements with transparent financial information, regarding going concern and sustainability of the company, revenue, estimations, and more. Originality/value: a new economic crisis, different from any other economic crises, emerged as a result of COVID-19 and the IFRS implications such as, the effect on sustainability and going concern, impact on revenue of companies, financial estimations during the coronavirus pandemic, the effect of COVID-19 on the financial subsequent events and other financial statement disclosures is still unclear. This study is deemed of vital importance as the users of financial statements require all the necessary information about how COVID-19 has affected these companies, and whether or not these companies will be sustainable in the foreseeable future, as to enable the financial statement users to make informed financial decisions. Full article
(This article belongs to the Special Issue Challenges in Overcoming Current and Future Sustainability Crises)
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