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Since the 17 Sustainable Development Goals (SDGs) were established in 2015, scientists have attempted to utilize them for sustainability assessments. This paper aims to synthesize the existing approaches in order to make recommendations for future utilization. A systematic literature review was conducted, focusing on innovations as the assessment object and including scientific papers as well as gray literature. Of the initially identified 603 documents, 30 articles contained precise descriptions of approaches utilizing the SDGs for the sustainability assessment of innovations. These approaches were analyzed in three sequential steps: categorization of the operational choices of SDG-based sustainability assessments, discussion of the advantages and disadvantages of these operational choices, and finally deriving recommendations for future utilization. We identified two main approaches: (1) integrating the SDGs into the sustainability assessment methodology or (2) subsequently assigning the assessment results to the SDGs. For the first approach, the SDGs were most frequently used as assessment criteria, but were also used to derive benchmarks or select indicators. In the second approach, assessment results were linked to goals, targets or indicators. The majority but not all articles clearly stated that all 17 SDGs were considered. The most frequently mentioned motivation for SDG utilization was to provide a holistic definition of sustainable development, followed by providing a precise description of sustainable development and international recognition. Only the integration of all 17 SDGs into the sustainability assessment conveys all three of these motivations. Hence, this approach is recommended for maximizing the utilization of SDGs when assessing the sustainability of an innovation. Subsequently assigning the assessment results to the SDGs is suggested as an alternative approach if the scientist's time and resources are limited. Since this approach predefines the SDGs that can be linked through the sustainability assessment methodology utilized, the holistic character of the SDGs is forfeited. More generally, the diversity of approaches found in the literature can be explained by several individual limitations and prerequisites. It is therefore recommended that authors document their research motivation transparently and justify the operational choices they made to fulfil it. This study contributes to the scientific community by (a) providing an overview of possible approaches for utilizing the SDGs in sustainability assessments of innovations and (b) providing recommendations for utilization based on a discussion of the advantages and disadvantages. [Display omitted] • Sustainability assessments of innovations utilizing SDGs were systematically reviewed. • Operational choices in SDG utilization were categorized. • More than 10 (sub-)categories of SDG utilization were identified. • Most frequent reason for utilizing SDGs is their holistic nature. • Holistic nature is transferred only by integrating all 17 SDGs into the assessment. [ABSTRACT FROM AUTHOR]

Collaborative networks (CNs) are joint entities of autonomous partners that work towards a common goal with shared resources and roles. In 2016, the United Nations announced 17 sustainable development goals (SDGs) as part of the 2030 agenda. SDG 17 is "Partnerships for the goals" highlighting the importance of cross-country and cross-company collaborative action. Although the link between CNs and sustainable development is frequently declared, no study in the literature investigates the connection between CNs and the SDGs. This systematic literature review (SLR) follows the preferred reporting items for systematic reviews and meta-analyses (PRISMA) guidelines. Based on the SLR results, a context-interventions-mechanisms-outcomes (CIMO) framework for CNs is proposed, serving as a tool to comprehend the types of CNs to achieve the SDGs. Only 10 out of 77 articles mentioned the SDGs they address. The norm is to focus on a single SDG per study and not assess the dimension of the impact on the SDGs or the trade-offs that can be established between them. The most frequently mentioned SDGs in the text are SDG 9 and SDG 12, with only 2 articles focusing on the social dimension. SDG 10 and SDG 16 were not mentioned in any of the articles. The majority of articles are case studies and technical papers, developing scale-up solutions and creating value from waste. The identified gaps lead to the proposition of several potential research areas: 1) the need for developing mechanisms that allow CNs to effectively implement interventions that achieve specific SDGs; 2) the lack of studies incorporating the social dimension given the social nature of the SDGs; 3) few SDGs are addressed by CNs (particularly SDG 9 and SDG 12) and majority of SDGs are ignored; 4) there is a scarcity of studies targeting the tertiary sector; 5) the need for alignment of CNs' business models with the SDGs; 6) a lack of studies addressing specific SDGs (6, 10, and 16); and 7) the necessity of studies demonstrating collaboration between industry and academia for systemic change. The study aids decision-makers in identifying policies that facilitate the formation of CNs aligned with the SDGs. • This review of the state-of-the-art of CNs research within SDGs establishes a foundation for future research. • A conceptual framework for research on CNs within SDGs is designed. • A research agenda was presented based on what is emerging and what is missing from the literature. • Using the CIMO framework, prescription rules are established to guide actions or decisions. [ABSTRACT FROM AUTHOR]

Circular actions cannot be considered sustainable if their financial benefits are not demonstrated. While the environmental benefits of the circular economy have been widely studied, sustainable development from a financial point of view has been much less studied. In this paper we assess the financial benefits of circular innovations applied in the fashion industry that have been previously assessed as sustainable using the Life Cycle Assessment. The focus is on two innovative processes such as salt recovery and tannin baths reuse that reuse water, chemicals and raw materials in an Italian small company operating in the tanning industry. A cost benefit analysis was carried to evaluate the net contribution of these actions to the operating margin. Then we model a forward-looking cash flow projection in order to determine the fundamental value of circular investments. Through these practices, the company achieved an increase in operating profitability above 30% and the 10-year value of the salt recovery is 159,061.40 euros, while the reused tanning water equals just over one million euros. The results show unexpected and strong financial benefits that can leverage similar initiatives that would advance resource equity and finally promote a real and convenient industrial dedication to environmental guardianship. [ABSTRACT FROM AUTHOR]

In the emerging landscape of Industry 5.0, the integration of innovative technologies such as Cognitive Digital Twins (CDTs) is pivotal for steering industrial processes towards sustainability and inclusivity, particularly in developing nations striving to align with Sustainable Development Goals (SDGs). The study explores the transformative capabilities of CDTs in Industry 5.0, concentrating on India's quest for inclusive and sustainable industrialization in alignment with SDGs. The inclusion of the TOE-HOT framework enriches the research's analytical foundation, providing a nuanced perspective to investigate the multifaceted dynamics of technology, organization, environment, and human aspects within the sphere of industrial evolution. By employing the Best-Worst Method (BWM), Interpretive Structural Modelling (ISM), and MICMAC analysis, the study delves deep into the synergies between industrial strategies, technology, and sustainable development. The findings reveal the paramountcy of the Technological Dimension, emphasizing CDTs strategies like real-time optimization and data analytics, which are instrumental in dynamically adjusting manufacturing processes and fostering alignment with market demands. The research also stresses the roles of various CDTs strategies like strategic alignment, change management, job security, skill augmentation, and environmental compliance in industrial sustainability and inclusivity. The paper concludes with invaluable insights for policymakers, industry leaders, and researchers, emphasizing the necessity for a holistic, interconnected approach to fully harness the potential of CDTs in realizing the aspirations of Industry 5.0 and contributing to India's sustainable industrial advancement by 2030. [ABSTRACT FROM AUTHOR]

This paper is the inaugural attempt to investigate the herding behavior of firms in the context of environmental orientation to achieve the UN SDGs (Sustainable Development Goals) in the ASEAN region. Insights from the previous literature infer that peer effect is visibly seen in firms across various fields, especially amongst their CSR and ESG performance. Using data from the Thai listed firms, we document strong evidence of peer effects concerning environmental performance and its dimensions (emission reduction, product innovation, and resource reduction). The targeted time frame for the current study is from 2009 to 2019 for which we analyze the firms listed on the Thailand Stock Exchange (SET). Moreover, the results of our study support the fact that mimicking behavior is one of the common behaviors that is followed by the majority of the firms keeping in view their varied purposes which include enhancing their market reputation, increasing profits, attracting shareholders and investors and most importantly raising their sustainability standing. Thus, overall our study highlights the main perspective that peer effects and herding behavior a common practices amongst firms concerning their environmental policies. [ABSTRACT FROM AUTHOR]