Page 41 - rise 2017
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Literature Review
Sustainability is becoming a key strategic and business issue for companies. Thus growing social
pressure, new environmental legation, and increasing customer demand for green products is forcing
companies to address all sustainability challenges relates to increased operational profit, the
environment, social impacts and legislation in a holistic and proactive way. It is being perceived as a
cost instead of adding value to the company [5]. According to the report of Institute of sustainability
(2016), sustainability is a viable business strategy which takes into count economic considerations,
governmental issue, as well as strongly voiced opinions from customer and stakeholders. Therefore,
realizing sustainability in a manufacturing context requires effort and changes in several areas [6].
A sustainable business strategy can improve all segments of corporate activities [1].
Therefore, sustainability has becoming important issue amongst companies over the world.
Sustainable manufacturing is currently a very important issue for governments and industries
worldwide [8], a major competitive factor for many manufacturing companies [7], and its important
concept to survive the competitive environment [3]. Increasing concern to sustainability has forced
manufacturing companies to consider sustainability into their strategies and activities. In responses to
the growing sustainability concerns, manufacturing companies must formulate measures to evaluate
sustainable manufacturing performance, aiming at integration of sustainability aspects.
Fortune Global 500 (FG500) is not odds instead its was familiar amongst the business
corporation over the world, thus indicate the successful company survival and remains in their
industry fields. Hence, most of business companies around the world dream to achieve their target and
is considered an extra bonus for them if they are eligible to be selected in the list of FG500. In fact,
FG500 is a good barometer of successful corporation around the world because it has tracked the
numerous changes that have occurred in the global business environment. Therefore, FG500 has
shown the list from different years where used to determine changes that have taken place or to
predict future trends. Nevertheless, most of people said the companies listed on the FG500 represent
the global economy thus indicating the power and strength of their business.
Methodology
In this study, the data was collected from the list of companies that are in the Fortune Global 500
between years 2005 until 2015. The rank of top 100 data in every year was taken as a sample size.
Quantitative data
The quantitative data is not applicable for use because only focusing on the ranking data of companies
listed. Any measurement and calculation were not involved in this study.
Qualitative data
The qualitative data is the most appropriate method used in this study. Therefore, the qualitative data
was obtained by doing comparison of criteria determined from three sources; a) Fortune Global 500
criteria, b) Timeline study of company c) Literature study on sustainability issue
Figure 1 shows the process flow of activities that will used to identify the automotive manufacturing
companies sustainability criteria by looking at different views of study from Fortune Global 500,
company timeline and research finding.