Abstract

CASTRO ARBELAEZ, Maria Fanny  and  OBREGON MORALES, Johyner. RELATION BETWEEN GOVERNANCE AND SUSTAINABILITY POLICIES IN THE BIO-ENERGETIC SECTOR OF VALLE DEL CAUCA. Semest. Econ. [online]. 2020, vol.23, n.55, pp.67-86.  Epub Oct 08, 2021. ISSN 0120-6346.  https://doi.org/10.22395/seec.v23n55a3.

The goal of this work is to identify the governance typology exercised by the leading company in the value chain of the bio-energetic sector in Valle del Cauca (Valley of the Cauca) with its suppliers if the type of governance is determinant in the transmission of sustainability policies. For fulfilling this goal, this research studies the case of five leading companies from the typology of the governance perspective (Gereffi, Humphrey y Sturgeon,2005), these are Riopaila Castilla Agro-Industrial Group; Manuelita S.A.; Carvajal S.A. Pulpa y Papel (Pulp and Paper); Gases de Occidente, and Smurfit Kappa Cartón de Colombia S.A., which are relevant companies capable of transferring sustainability policies to their suppliers. The results show that in the value chain of this sector the modular and captive governance types are predominant, which facilitates the adoption of sustainability policies by the suppliers, given how these companies have clearly defined sustainability policies that are promulgated among their suppliers. This indicates that the conditions are met for configuring a sustainable value chain.

JEL CODES L25, L52, O13, O25, P28, Q42, Q51

CONTENT Introduction; 1. Typology of the value chain governance; 2. Methodology; 3. Results; 4. Conclusions; Bibliography.

Keywords : Sustainable value chain; governance; leading companies; suppliers; stakeholders; bio-energy.

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