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Eco-Innovation in the Corporate Sustainability Process and the Entrepreneurs' Vision: Implications and Opportunities for Sustainable Businesses in the Era of Climate Change

Author

Listed:
  • Tatiana Paduraru

    (Academy of Economic Studies of Moldova, Republic of Moldova)

Abstract

The impacts of climate change extend across various facets of human existence, exerting widespread effects on all aspects of life. The corporate sector is increasingly recognizing the importance of sustainability and adopting renewable energy sources and eco-friendly practices. Eco-innovation is driving clean energy development and sustainable solutions and can be a win-win solution for both companies and the environment. This paper examines eco-innovation in the corporate sustainability process, emphasizing the advantages of sustainable businesses. It specifically analyzes the business landscape in Moldova, exploring the adoption of sustainable practices and entrepreneurs' perspectives on business sustainability in the face of climate change. The findings reveal that Moldovan companies require support and concrete actions. While there is awareness and understanding of sustainability concepts among entrepreneurs, many companies lack a solid sustainability/eco-innovation strategy. These results highlight the need for increased awareness and proactive measures within Moldova's business community to effectively address sustainability challenges.

Suggested Citation

  • Tatiana Paduraru, 2023. "Eco-Innovation in the Corporate Sustainability Process and the Entrepreneurs' Vision: Implications and Opportunities for Sustainable Businesses in the Era of Climate Change," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 476-487, August.
    • Handle: RePEc:ovi:oviste:v:xxiii:y:2023:i:1:p:476-487
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    More about this item

    Keywords

    eco-innovation; corporate sustainability; climate change; sustainability strategy; Republic of Moldova;
    All these keywords.

    JEL classification:

    • Q0 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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