Main Article Content
Abstract
The construction industry in Cebu City is growing, but sustainability is essential, especially during times of crisis like the COVID-19 pandemic. Some businesses have not enhanced their sustainable practices to survive the new normal. The main objective of this study is to explore the triple bottom line of a construction company in Cebu City, Philippines. The study employed a descriptive-correlational research design, and the sample comprised 58 rank-and-file employees selected through a simple random sampling method. The collected data were analyzed, tabulated, and interpreted using various statistical techniques, namely weighted mean, and Pearson correlation coefficient. The study found that the organization placed a high level of importance on social and economic sustainability, while environmental sustainability was considered moderately significant. The relationship between these three variables was examined, and it was determined that they were positively correlated. The study's conclusion emphasized that balancing economic growth, social inclusion, and environmental preservation is crucial for long-term sustainability. Therefore, prioritizing these aspects can improve a company's performance and contribute to its long-term sustainability.
Article Details
This work is licensed under a Creative Commons Attribution 4.0 International License.
References
Predictors towards Business Sustainabil-ity in HEIs of Pakistan. IOP Conference Series: Earth and Environmental Science, p. 940. https://doi.org/10.1088/1755-1315/940/1/012056.
Alcivar, M., Cruz, F., Mero, N., & Fernández, A. (2020). Analysis of the relationships be-tween corporate social responsibility and corporate sustainability: empirical study of co-operativism in Ecuador. Interna-tional Journal of Sustainable Develop-ment & World Ecology, 27, 322 - 333. https://doi.org/10.1080/13504509.2019.1706661.
Antonopoulos, I., Zouboulis, A., Samaras, P., & Karagiannidis, A. (2013). Indicators and options towards sustainability in indus-trial areas. International Journal of Inno-vation and Sustainable Development, 7, 215-232. https://doi.org/10.1504/IJISD.2013.056941.
Barba-Sánchez, V., & Atienza-Sahuquillo, C. (2016). Environmental Proactivity and Environmental and Economic Perfor-mance: Evidence from the Winery Sector. Sustainability, 8, 1-15. https://doi.org/10.3390/SU8101014.
Bartelmus, P. (2010). Use and usefulness of sustainability economics. Ecological Eco-nomics, 69, 2053-2055. https://doi.org/10.1016/J.ECOLECON.2010.06.019.
Bigerna, S., & Polinori, P. (2015). Willingness to Pay and Public Acceptance for Hydro-gen Buses: A Case Study of Perugia. Sus-tainability, 7, 13270-13289. https://doi.org/10.3390/SU71013270.
Buck, K., Summers, J., & Smith, L. (2021). In-vestigating the relationship between en-vironmental quality, socio-spatial segre-gation, and the social dimension of sus-tainability in US urban areas. Sustainable cities and society, 67 102732, pp. 1–11. https://doi.org/10.1016/J.SCS.2021.102732.
Business Wire (2022, May 19). Philippines Con-struction Market/Industry Report 2022: An Annual Growth of 10.6% in real terms in 2021, Following an Annual Decline of 30.3% in 2020 - Forecasts to 2026. https://www.businesswire.com/news/home/20220519005881/en/Philippines-Construction-MarketIndustry-Report-2022-An-Annual-Growth-of-10.6-in-real-terms-in-2021-Following-an-Annual-Decline-of-30.3-in-2020---Forecasts-to-2026---ResearchAndMar-kets.com#:~:text=5%20billion%20(%2416.4%20billion,pre%2Dpandemic%20levels%20until%202023.
Cadei L, Serrelli E, Simeone D. (2021). Sustain-ability Practices in Working Contexts: Su-pervision, Collective Narrative, Genera-tive Humour, and Professional Re-spect. Sustainability. 13(20):11483. https://doi.org/10.3390/su132011483
Cerciello, M., Busato, F., & Taddeo, S. (2023). The effect of sustainable business prac-tices on profitability. Accounting for stra-tegic disclosure. Corporate Social Respon-sibility and Environmental Manage-ment, 30(2), 802–819. https://doi.org/10.1002/csr.2389
Chungyalpa, W. (2021). Understanding Busi-ness Sustainability: The What, the Why, and the How of Sustainable Business Practices. Indian Journal of Sustainable Development. 5 (1 & 2): 24-37. https://www.researchgate.net/publication/352837459_Understanding_Business_Sustainabil-ity_The_What_the_Why_and_the_How_of_Sustainable_Business_Practices
D’Adamo, I., Falcone, P., Martin, M., & Rosa, P. (2020). A Sustainable Revolution: Let’s Go Sustainable to Get Our Globe Cleaner. Sustainability. https://doi.org/10.3390/su12114387
Didham, R., & Ofei-Manu, P. (2015). Social Learning for Sustainability. , 233-252. https://doi.org/10.1007/978-3-319-15305-6_15.
Enache, E., Tudose, G., & Vechiu, C. (2009). ORGANIC PRODUCTS - A CHANCE TO MAKE THE AGRICULTURE OF ROMANIA IN THE EUROPEAN UNION AND A SOLU-TION TO ECONOMIC CRISIS. Romanian Economic and Business Review, 4, 133-140.
Elkhwesky, Z., Salem, I. E., Varmus, M., & Ramkissoon, H. (2022). Sustainable prac-tices in hospitality pre and amid COVID ‐19 pandemic: Looking back for moving forward POST‐COVID ‐19. Sustainable De-velopment, 30(5), 1426–1448. https://doi.org/10.1002/sd.2304
Five things you need to know about social sus-tainability and inclusion. (n.d.). [Text/HTML]. World Bank. Retrieved November 30, 2023, from https://www.worldbank.org/en/news/feature/2020/09/02/five-things-about-social-sustainability-and-inclusion
Hollós, D., Blome, C., & Foerstl, K. (2012). Does Sustainable Supplier Cooperation Affect Performance? International Journal of Production Research, 50, 2968-2986. https://doi.org/10.1080/00207543.2011.582184.
Khan, S., Yu, Z., Sharif, A., & Golpîra, H. (2020). Determinants of economic growth and environmental sustainability in South Asian Association for Regional Coopera-tion: evidence from panel ARDL. Envi-ronmental Science and Pollution Re-search, p. 27, 45675–45687. https://doi.org/10.1007/s11356-020-10410-1.
Marc J. Epstein and Adriana Rejc Buhovac With Forewords by John Elkington and Herman B. “Dutch” Leonard Making Sus-tainability Work Best Practices in Manag-ing and Measuring Corporate Social, En-vironmental, and Economic Impacts (2014)
Mani, V., Gunasekaran, A., & Delgado, C. (2018). Enhancing supply chain perfor-mance through supplier social sustaina-bility: An emerging economy perspective. International Journal of Production Eco-nomics, 195, 259-272. https://doi.org/10.1016/J.IJPE.2017.10.025.
Martin, G. (2019). Social sustainability. Sus-tainability Prospects for Autonomous Ve-hicles. https://doi.org/10.4324/9781351109956-3.
Mokhtar, M., Omar, B., Nor, N., Pauzi, N., Has-san, S., & Mohamed, W. (2016). Social and Economic Concern of Supply Chain Sus-tainability (SCS). IOP Conference Series: Materials Science and Engineering, 160. https://doi.org/10.1088/1757-899X/160/1/012073.
Ngowi, A. B., Pienaar, E., Talukhaba, A., & Mbachu, J. (2005). The globalisation of the construction industry—A re-view. Building and Environment, 40(1), 135–141. https://doi.org/10.1016/j.buildenv.2004.05.008
Pacheco, F. (2020). Sustainable Use of Soils and Water: The Role of Environmental Land Use Conflicts. Sustainability. https://doi.org/10.3390/su12031163
Spangenberg, J. (2004). Reconciling sustaina-bility and growth: criteria, indicators, pol-icies. Sustainable Development, 12, 74-86. https://doi.org/10.1002/SD.229.
Verma, A. K., & Prakash, S. (2020). Impact of COVID-19 on environment and socie-ty (SSRN Scholarly Paper 3644567). https://papers.ssrn.com/abstract=3644567
Whang, S., & Kim, S. (2015). Balanced sustain-able implementation in the construction industry: The perspective of Korean con-tractors. Energy and Buildings, 96, 76-85. https://doi.org/10.1016/J.ENBUILD.2015.03.019.
Yadav, P., Han, S., & Kim, H. (2017). Sustaining Competitive Advantage Through Corpo-rate Environmental Performance. Busi-ness Strategy and The Environment, 26, 345-357. https://doi.org/10.1002/BSE.1921