Green innovation imperative for natural resource-driven sustainable economic recovery: Linking rights Structure, corporate social responsibility, and renewable energy contracts

  • Ke Xing
  • , Wing Keung Wong
  • , Shang Chen
  • , Iskandar Muda
  • , Sayed M. Ismail
  • , Muhammad Akhtar

Research output: Contribution to journalArticlepeer-review

2 Scopus citations

Abstract

This study examines the complex relationships necessary for a sustainable economic recovery, focusing on the interplay between contracts for renewable energy, natural resource use, corporate social responsibility (CSR), and rights frameworks. Motivated by the increasing scrutiny of environmental practices, this research aims to highlight the need for sustainable business models during the transition to a more environmentally sensitive economy. The study area encompasses diverse sectors where CSR goals can be aligned with renewable energy project frameworks through natural resource utilization. Methodologies include a novel composite CSR evaluation indicator designed to complement industry rankings and a thorough analysis of CSR within the mining industry. Results demonstrate how aligning CSR with renewable energy initiatives can reshape profit models for stakeholders and emphasize the changing green product market as a catalyst for economic resurgence. Recommendations in the area of policies focus on the reasoned utilization of natural resources and the application of innovations following the principles of CSR. This research provides critical guidance to relevant authorities and institutions charged with ethical responsibility, ensuring the proper utilization and implementation of renewable energy sources to create a more ecological future based on green technology and sustainable resource management.

Original languageEnglish
Article numbere36939
JournalHeliyon
Volume10
Issue number17
DOIs
StatePublished - 15 Sep 2024
Externally publishedYes

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

  1. SDG 7 - Affordable and Clean Energy
    SDG 7 Affordable and Clean Energy
  2. SDG 8 - Decent Work and Economic Growth
    SDG 8 Decent Work and Economic Growth
  3. SDG 9 - Industry, Innovation, and Infrastructure
    SDG 9 Industry, Innovation, and Infrastructure
  4. SDG 12 - Responsible Consumption and Production
    SDG 12 Responsible Consumption and Production
  5. SDG 13 - Climate Action
    SDG 13 Climate Action
  6. SDG 17 - Partnerships for the Goals
    SDG 17 Partnerships for the Goals

Keywords

  • Business framework
  • Corporate social responsibility
  • Economic growth
  • Economic recovery
  • Green innovation
  • Natural resource
  • Renewable energy
  • Sustainable economic
  • Sustainable energy
  • Sustainable future

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