Prospects of sustainability-oriented innovation assessment
Journal
International Journal of Sustainable Economy
ISSN
1756-5804
ISSN-Digital
1756-5812
Type
journal article
Date Issued
2014-01-01
Author(s)
Abstract
The importance of sustainability orientation in the assessment of innovation becomes increasingly important as firms face macro-structural transformations, strong competition and stakeholder pressure towards sustainable conduct. However, traditional approaches to innovation assessment focus on financial outcomes and fail to capture the double externalities of sustainability-oriented innovations. In this paper, we therefore conceptualise a holistic approach to innovation selection that integrates environmental and social factors into the assessment. By applying an interdisciplinary view, we furthermore argue that this approach can be facilitated by adjustments to the economic-political framework. Conclusions for indicators supporting sustainability oriented innovation assessment in firms and for policy adjustments by political actors are presented.
Language
English
Keywords
economic-political framework
environmental policy
externalities
innovation assessment
sustainability assessment
sustainable development
sustainability-oriented innovation
stakeholders.
HSG Classification
contribution to scientific community
Refereed
No
Publisher
Inderscience Enterprises
Publisher place
Genève
Volume
6
Number
1
Start page
64
End page
81
Pages
18
Subject(s)
Eprints ID
238590