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Corporate environmental management and GHG emissions changes: Empirical study of multinational automobile companies

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  • Rensfeldt, Arvid
  • Pariyawong, Vorapat
  • Fujii, Hidemichi

Abstract

This study investigates and compares the financial and environmental performance development of two major car manufacturing companies, Volvo Car Corporation and Hondo Motor Corporation, over the last decade. These two companies consist of one with close historical ties and most of its business in Asia and one mainly located in Europe but that is in the process of expanding production in the Asian region. Using data mainly from corporate reports to perform a decomposition analysis, it is shown that these companies have both undertaken measures to decrease their environmental impacts but in different manners and that Volvo Car Corporation has been more successful in lowering its emissions of greenhouse gas (GHG) over the studied period. The difference in the strategies chosen to reduce environmental impact and the results from the measures taken are believed to have been caused mainly by the innate differences between the European and Asian energy markets, as well as the more stringent demands of stakeholders and legislation in Europe.

Suggested Citation

  • Rensfeldt, Arvid & Pariyawong, Vorapat & Fujii, Hidemichi, 2015. "Corporate environmental management and GHG emissions changes: Empirical study of multinational automobile companies," MPRA Paper 66264, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:66264
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    References listed on IDEAS

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    Cited by:

    1. Paunić, Alida, 2016. "Brazil, Preservation of Forest and Biodiversity," MPRA Paper 71462, University Library of Munich, Germany.

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    More about this item

    Keywords

    greenhouse gas emission decomposition analysis automotive corporation corporate environmental management carbon leakage;

    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics

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