Sustainable production and consumption: a bibliometric analysis of SDG-12 literature through a financial management lens

Sustainable production and consumption, as defined by the UN sustainable development goal-12 (SDG-12), are crucial, and analyzing SDG-12 from a financial management perspective is important to reveal the complexity of this field of study and opportunities. We address this gap by exploring the Scopus database and conducting a comprehensive bibliometric analysis of SDG-12 through a financial management perspective. Based on a rigorous search protocol, we collated 11,510 high-quality articles and analyzed them using VOSviewer and Biblioshiny software packages. The initial findings yielded the most influential articles, authors and institutions involved in the convergence of SDG-12 and financial management literature. We identified six primary clusters: (1) corporate social responsibility (CSR), environmental, social, and governance and governance impact on financial and environmental outcomes; (2) sustainable supply chain management; (3) circular economy and technological innovation; (4) sustainable tourism and hospitality; (5) green innovation and corporate environmental performance; and (6) strategic integration of sustainability in corporate management and operations. This study traced the scientific evolution of the convergence of SDG-12 and financial management literature and identified critical directions for future research. It provides positive and actionable implications for both scholars and practitioners to navigate the convolution of SDG-12 vis-à-vis financial management.