Abstract: Journal of Agricultural, Earth and Environmental Sciences

Abstract:
Growing global economies and increasing digital transformation have proceeded to cooperation with many stakeholders in sustainable social schemes. Performances of corporation bring various costs and benefits over many stakeholders in global economies and societies. For example, increasing emission of carbon enhances serious climate change problems on future generation as well as present generation of the global community. Sustainable scheme should obtain an evaluation mechanism for corporation to learn and increase social welfare. This paper provides a sustainable scheme for using social welfare to evaluate many low-carbon initiatives. The corporations have communicated not only with domestic markets and residents but also directly with foreign stakeholders such as consumers, governments, financial funds and environmental organizations. To proceed cooperation with multi stakeholder sustainable scheme needs to develop both voluntary and legislative initiatives for corporations at the same time. This research originally presents optimal combination of voluntary and legislative initiatives to improve social welfare.