Abstract

Globalization, financial crises, and relations with stakeholders have forced businesses to sustainable and energy-efficient approaches in management. Depletion of natural resources and fierce competition are also driving forces for sustainable management. Businesses that internalize sustainability and use it as a strategic tool are more likely to have a competitive advantage. Compared to research on sustainability management practices of firms in developed countries, research on developing countries is limited. Moreover, there is a significant gap in the literature on sustainability policies and strategy at business groups. This research analyzes corporate governance structure and sustainability practices of OYAK and provides an inspiring framework for sustainability management in group companies.