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Nexus of Comprehensive Green Innovation, Environmental Management System-14001-2015 and Firm Performance

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  • Parvez Alam Khan
  • Satirenjit Kaur Johl

Abstract

The massive influx of global warming, pollution, natural resource depletion, waste, wastewater, climate change, and loss of biodiversity are the primary sources of motivating firms to innovate within their businesses. This has caused great concern for academicians, policymakers and practitioners to find solutions in dealing with the environmental issues. To provide the answer to the exiting challenges this study propounds the conceptual framework that explores the intervention of the new amendment in environment management system (14001–2015) towards innovation, comprehensive green innovation, and firm performance. Therefore, the main objective of this study is to find out the role and effect of ISO14001-(2015) on general innovation and comprehensive green innovation. This study combined the institutional theory, (environmental management system) resource-based theory (general innovation, comprehensive green innovation) and stakeholder theory (firm performance) to maximise the resources utilisation though newly amended EMS14001-2015 to meet the stakeholders demands without compromising the ecological standards. The proposed conceptual framework will provide a holistic view of the firm in formulating strategies and implementing a comprehensive green innovation to the industry. Implementation of a comprehensive green innovation will enable businesses to reduce the cost of production and end life cycle impact of the product, process, service and organisational innovation on the environment. By considering the end life cycle of innovation, including minimisation of the resource consumption, waste, waste to water and emission which will create a sustainable competitive advantage for the firm. All in all, this study propounds the conceptual framework of a comparative study between nomal innovation, comprehensive green innovation and organisation performance with the moderation of environmental management system (14001–2015).

Suggested Citation

  • Parvez Alam Khan & Satirenjit Kaur Johl, 2019. "Nexus of Comprehensive Green Innovation, Environmental Management System-14001-2015 and Firm Performance," Cogent Business & Management, Taylor & Francis Journals, vol. 6(1), pages 1691833-169, January.
    • Handle: RePEc:taf:oabmxx:v:6:y:2019:i:1:p:1691833
    DOI: 10.1080/23311975.2019.1691833
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    Citations

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    Cited by:

    1. Parvez Alam Khan & Satirenjit Kaur Johl & Shakeb Akhtar, 2021. "Firm Sustainable Development Goals and Firm Financial Performance through the Lens of Green Innovation Practices and Reporting: A Proactive Approach," JRFM, MDPI, vol. 14(12), pages 1-23, December.
    2. Xin, Yongrong & Long, Dengjie, 2023. "Linking eco-label knowledge and sustainable consumption of renewable energy: A roadmap towards green revolution," Renewable Energy, Elsevier, vol. 207(C), pages 531-538.
    3. Ahmad Ali Jan & Fong-Woon Lai & Muhammad Umar Draz & Muhammad Tahir & Syed Emad Azhar Ali & Muhammad Zahid & Muhammad Kashif Shad, 2022. "Integrating sustainability practices into islamic corporate governance for sustainable firm performance: from the lens of agency and stakeholder theories," Quality & Quantity: International Journal of Methodology, Springer, vol. 56(5), pages 2989-3012, October.
    4. Ali Saleh Alshebami, 2023. "Green Innovation, Self-Efficacy, Entrepreneurial Orientation and Economic Performance: Interactions among Saudi Small Enterprises," Sustainability, MDPI, vol. 15(3), pages 1-18, January.
    5. Xiang Ji & Shiqi Zhang & Yuan Lu, 2023. "Does an Environmental Management System Affect Green Inno-Vation: The Role of Green Financing in China’s Tourism Sector in a Circular Economy," Sustainability, MDPI, vol. 15(8), pages 1-10, April.
    6. Amjad Ali & Wajid Alim & Jawad Ahmed & Sabahat Nisar, 2022. "Yoke of corporate governance and firm performance: A study of listed firms in Pakistan," Indian Journal of Commerce and Management Studies, Educational Research Multimedia & Publications,India, vol. 13(1), pages 08-17, January.
    7. Tingting Li & Dan Zhao & Guiyun Liu & Yuhong Wang, 2022. "How to Evaluate College Students’ Green Innovation Ability—A Method Combining BWM and Modified Fuzzy TOPSIS," Sustainability, MDPI, vol. 14(16), pages 1-17, August.
    8. Mingyue Chu & Haslinah Binti Muhamad & Mazlina Binti Mustapha & Ong Tze San & Fangfang Zan & Xiaoxiao Jia, 2022. "Research Trends in Corporate Social Responsibility and Innovation: A Bibliometric Analysis," Sustainability, MDPI, vol. 14(21), pages 1-19, October.
    9. Muddassar Sarfraz & Larisa Ivascu & Muhammad Ibrahim Abdullah & Ilknur Ozturk & Jasim Tariq, 2022. "Exploring a Pathway to Sustainable Performance in Manufacturing Firms: The Interplay between Innovation Capabilities, Green Process, Product Innovations and Digital Leadership," Sustainability, MDPI, vol. 14(10), pages 1-19, May.
    10. Syed Quaid Ali Shah & Fong-Woon Lai & Muhammad Kashif Shad & Ahmad Ali Jan, 2022. "Developing a Green Governance Framework for the Performance Enhancement of the Oil and Gas Industry," Sustainability, MDPI, vol. 14(7), pages 1-19, March.
    11. Parvez Alam Khan & Satirenjit Kaur Johl & Shakeb Akhtar, 2022. "Vinculum of Sustainable Development Goal Practices and Firms’ Financial Performance: A Moderation Role of Green Innovation," JRFM, MDPI, vol. 15(3), pages 1-24, February.
    12. Eduardo Duque‐Grisales & Javier Aguilera‐Caracuel & Jaime Guerrero‐Villegas & Encarnación García‐Sánchez, 2020. "Does green innovation affect the financial performance of Multilatinas? The moderating role of ISO 14001 and R&D investment," Business Strategy and the Environment, Wiley Blackwell, vol. 29(8), pages 3286-3302, December.
    13. Parvez Alam Khan & Satirenjit Kaur Johl & Shireenjit K. Johl, 2021. "Does adoption of ISO 56002‐2019 and green innovation reporting enhance the firm sustainable development goal performance? An emerging paradigm," Business Strategy and the Environment, Wiley Blackwell, vol. 30(7), pages 2922-2936, November.
    14. Huang, Yi-Chun & Chen, Chih Ta, 2022. "Exploring institutional pressures, firm green slack, green product innovation and green new product success: Evidence from Taiwan's high-tech industries," Technological Forecasting and Social Change, Elsevier, vol. 174(C).
    15. Satirenjit Kaur Johl & Md Abu Toha, 2021. "The Nexus between Proactive Eco-Innovation and Firm Financial Performance: A Circular Economy Perspective," Sustainability, MDPI, vol. 13(11), pages 1-25, June.
    16. Aleksandra Gąsior & Jakub Grabowski & Jarosław Ropęga & Anna Walecka, 2022. "Creating a Competitive Advantage for Micro and Small Enterprises Based on Eco-Innovation as a Determinant of the Energy Efficiency of the Economy," Energies, MDPI, vol. 15(19), pages 1-29, September.
    17. Wei, Xuecheng & Hu, Weihua, 2023. "Revisiting resources curse hypothesis in China: Exploring the asymmetric effect of green investment and green innovation," Resources Policy, Elsevier, vol. 85(PB).

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