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Exploring the business benefits of environmental stewardship

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  • Tor Guimaraes
  • Kevin Liska

Abstract

Environmental sensitivity has gained much attention in business organizations; however, there is little empirical evidence on the business benefits from environment‐oriented measures. Some of the many promised benefits from environmental sensitivity are categorized and rated. The framework proposed by the Management Institute for Environment and Business is used to assess company environmental stewardship. A pre‐tested questionnaire was used to collect data from 133 business organizations known to have undertaken at least some ‘green business’ activities. The results from Pearson correlation analysis suggest that companies showing higher degrees of environmental stewardship will derive greater business benefits than organizations which aim at minimum compliance with government regulations in this area.

Suggested Citation

  • Tor Guimaraes & Kevin Liska, 1995. "Exploring the business benefits of environmental stewardship," Business Strategy and the Environment, Wiley Blackwell, vol. 4(1), pages 9-22, January.
    • Handle: RePEc:bla:bstrat:v:4:y:1995:i:1:p:9-22
    DOI: 10.1002/bse.3280040103
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    References listed on IDEAS

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    1. Hoffman, W. Michael, 1991. "Business and Environmental Ethics," Business Ethics Quarterly, Cambridge University Press, vol. 1(2), pages 169-184, April.
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    1. Álvarez Gil, M. J. & Burgos Jiménez, J. & Céspedes Lorente, J. J., 2001. "An analysis of environmental management, organizational context and performance of Spanish hotels," Omega, Elsevier, vol. 29(6), pages 457-471, December.
    2. Minna Halme & Jyrki Niskanen, 2001. "Does corporate environmental protection increase or decrease shareholder value? The case of environmental investments," Business Strategy and the Environment, Wiley Blackwell, vol. 10(4), pages 200-214, July.
    3. Jacqueline Cramer, 1998. "Environmental management: from ‘fit’ to ‘stretch’," Business Strategy and the Environment, Wiley Blackwell, vol. 7(3), pages 162-172, July.
    4. Young-Tae Chang & Denise Danao, 2017. "Green Shipping Practices of Shipping Firms," Sustainability, MDPI, vol. 9(5), pages 1-23, May.
    5. James J. Cordeiro & Joseph Sarkis, 1997. "Environmental proactivism and firm performance: evidence from security analyst earnings forecasts," Business Strategy and the Environment, Wiley Blackwell, vol. 6(2), pages 104-114, May.
    6. Mattia Ubaldo & Steven McGuire & Vikrant Shirodkar, 2022. "Voluntary programs and emissions revisited: What is the effect of EU trade agreements with environmental provisions?," Journal of International Business Policy, Palgrave Macmillan, vol. 5(4), pages 467-489, December.
    7. Kumar Verma Bhupendra & Shirish Sangle, 2017. "What Drives Successful Implementation of Product Stewardship Strategy? The Role of Absorptive Capability," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 24(3), pages 186-198, May.
    8. Kumar Verma Bhupendra & Shirish Sangle, 2018. "Product Stewardship Strategy: A Study of Indian Firms," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 25(2), pages 124-134, March.
    9. CARSTEA Stefan & MARZA Bogdan, 2015. "Can Environmental Activities Influence Commercial Or Social Activities Of An Organization?," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 67(6), pages 110-126, December.
    10. Minna Halme & Juha Laurila, 2009. "Philanthropy, Integration or Innovation? Exploring the Financial and Societal Outcomes of Different Types of Corporate Responsibility," Journal of Business Ethics, Springer, vol. 84(3), pages 325-339, February.
    11. Richter, Ulf Henning & Shirodkar, Vikrant & Shete, Namita, 2021. "Firm-level indicators of instrumental and political CSR processes – A multiple case study," European Management Journal, Elsevier, vol. 39(2), pages 279-290.
    12. Antonio Chamorro & Tomás M. Bañegil, 2006. "Green marketing philosophy: a study of Spanish firms with ecolabels," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 13(1), pages 11-24, February.
    13. Joseph L. Scarpaci & Benjamin K. Sovacool & Ronnie Ballantyne, 2016. "A Critical Review of the Costs of Advertising: a Transformative Consumer Research Perspective," Journal of Consumer Policy, Springer, vol. 39(2), pages 119-140, June.
    14. Dongmin Kong & Shasha Liu & Yunhao Dai, 2014. "Environmental Policy, Company Environment Protection, and Stock Market Performance: Evidence from China," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 21(2), pages 100-112, March.
    15. Pujari, Devashish & Wright, Gillian & Peattie, Ken, 2003. "Green and competitive: Influences on environmental new product development performance," Journal of Business Research, Elsevier, vol. 56(8), pages 657-671, August.
    16. Lun, Y.H. Venus, 2011. "Green management practices and firm performance: A case of container terminal operations," Resources, Conservation & Recycling, Elsevier, vol. 55(6), pages 559-566.
    17. Satu Pätäri & Ari Jantunen & Kalevi Kyläheiko & Jaana Sandström, 2012. "Does Sustainable Development Foster Value Creation? Empirical Evidence from the Global Energy Industry," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 19(6), pages 317-326, November.
    18. Sarkis, Joseph & Cordeiro, James J., 2001. "An empirical evaluation of environmental efficiencies and firm performance: Pollution prevention versus end-of-pipe practice," European Journal of Operational Research, Elsevier, vol. 135(1), pages 102-113, November.

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