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How to reconcile environmental and economic performance to improve corporate sustainability: corporate environmental strategies in the European paper industry
- Source :
- Journal of Environmental Management, Journal of Environmental Management, Elsevier, 2007, pp.105-118, Wagner, M 2005, ' How to Reconcile Environmental and Economic Performance to Improve Corporate Sustainability: Corporate Environmental Strategies in the European Paper Industry ' Journal of Environmental Management, vol 76, no. 2, pp. 105-118 . DOI: 10.1016/j.jenvman.2004.11.021, Wagner, M 2005, ' How to Reconcile Environmental and Economic Performance to Improve Corporate Sustainability: Corporate Environmental Strategies in the European Paper Industry ', Journal of Environmental Management, vol. 76, no. 2, pp. 105-118 . https://doi.org/10.1016/j.jenvman.2004.11.021
- Publication Year :
- 2004
-
Abstract
- This paper discusses the relationship between environmental and economic performance and the influence of corporate strategies with regard to sustainability and the environment. After formulating a theoretical model, results are reported from an empirical analysis of the European paper manufacturing industry. New data are used to test hypotheses derived from the theoretical model, using environmental performance indices representing different corporate environmental strategy orientations. In particular, an emissions-based index largely reflecting end-of-pipe strategies and an inputs-based index reflecting integrated pollution prevention are distinguished. For the emissions-based index, a predominantly negative relationship between environmental and economic performance is found, whereas for the inputs-based index no significant link is found. This is consistent with the theoretical model, which predicts the possibility of different relationships. The results also show that for firms with pollution prevention-oriented corporate environmental strategies, the relationship between environmental and economic performance is more positive, thus making improvements in corporate sustainability more likely. Based on this last insight, managerial implications of this are discussed with regard to strategy choices, investment decisions and operations management.
- Subjects :
- Paper
Conservation of Natural Resources
Environmental Engineering
Index (economics)
Performance
Decision Making
Strategy
Economic
010501 environmental sciences
Management, Monitoring, Policy and Law
01 natural sciences
Environmental
Environmental Sustainability Index
0502 economics and business
Economics
ddc:330
Humans
Industry
Sustainability organizations
Waste Management and Disposal
ComputingMilieux_MISCELLANEOUS
0105 earth and related environmental sciences
Relationship
05 social sciences
Corporate
Sustainability sciences, Management & Economics
General Medicine
Environmental economics
Models, Theoretical
Organizational Policy
Europe
Econometric
Investment decisions
Economy
Corporate sustainability
Negative relationship
Sustainability
Panel
Environmental scanning
Environmental Pollution
Analysis
050203 business & management
Subjects
Details
- ISSN :
- 03014797 and 10958630
- Volume :
- 76
- Issue :
- 2
- Database :
- OpenAIRE
- Journal :
- Journal of environmental management
- Accession number :
- edsair.doi.dedup.....10c04e3d9e0c0c9c2892d235371d9516