TableĀ 5

Categorisation of dominant and emerging theories in sustainability measurement

Theory/FrameworkNature/FocusOccurrences (estimated)Application context
Corporate Social Responsibility (CSR)Ethical governance, stakeholder accountability19Corporations, SMEs, supply chains
Stakeholder TheoryInclusive engagement of stakeholders in decision-making11Corporate governance, non-profit organisations
Global Reporting Initiative (GRI)Institutional reporting framework for sustainability9Corporates, ESG reporting, industry benchmarking
Resource-Based View (RBV)Firm-level capabilities in sustainability innovation7Innovation, green competitive advantage
Sustainability Disclosure TheoryReporting motives and transparency in corporate sustainability4ESG reports, accountability frameworks
Ecological Modernisation TheoryAligning economic growth with environmental sustainability4Environmental policy, cleaner production
Life Cycle Assessment (LCA)Environmental performance along the product life-cycle3Product design, ecological auditing
Institutional TheoryHow norms, policies and institutions influence SMF design3Policy-driven sectors
Stewardship TheoryManagerial accountability and long-term stakeholder trust2Public service firms, non-profits and cooperative governance
Legitimacy TheoryAlignment with societal norms and legitimacy in reporting2Public sector institutions, corporate disclosures
Neoclassical Economic TheoryMarket-based valuation of sustainability trade-offs2Commercial sectors, economic policy
Source(s): SQLR based on 161 articles

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