TITLE

Does It Pay to Be Green? A Systematic Overview

AUTHOR(S)
Ambec, Stefan; Lanoie, Paul
PUB. DATE
November 2008
SOURCE
Academy of Management Perspectives;Nov2008, Vol. 22 Issue 4, p45
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The conventional wisdom concerning environmental protection is that it comes at an additional cost imposed on firms, which may erode their global competitiveness. However, during the last decade, this paradigm has been challenged by a number of analysts (e.g., Porter & van der Linde, 1995), who have argued basically that improving a company's environmental performance can lead to better economic or financial performance, and not necessarily to an increase in cost. The aim of this paper is to review empirical evidence of improvement in both environmental and economic or financial performance. We systematically analyze the mechanism involved in each of the following channels of potential revenue increase or cost reduction owing to better environmental practices: (a) better access to certain markets; (b) differentiating products; (c) selling pollution-control technology; (d) risk management and relations with external stakeholders; (e) cost of material, energy, and services; (f) cost of capital; and (g) cost of labor. In each case, we try to identify the circumstances most likely to lead to a "win-win" situation, i.e., better environmental and financial performance. We also provide a diagnostic of the type of firms most likely to reap such benefits.
ACCESSION #
35590353

 

Related Articles

  • Barclays uses fleet review to drive down eco-footprint. Golding, Nick // Employee Benefits;Jan2008, p9 

    The article reports that Barclays Bank Plc is reviewing its car fleet policy to help reduce the carbon footprint of its 8,400 company car and cash allowance drivers. The company is considering changing the types of vehicles available for drivers to choose from and educating staff on the benefits...

  • The Role of Social Partnership in Solving the Environmental Problems of the Sverdlovsk Oblast. Pakhalchak, Galina Yu.; Ponomareva, Aleksandra V. // Izvestia Uralskogo Gosudarstvennogo Ekonomiceskogo Universiteta;2013, Vol. 45 Issue 1, p155 

    Sverdlovsk oblast is among the most environmentally unfriendly regions of Russia what results in extra attention paid by public authorities and local community to the enterprises' activities in the field of environment protection. The paper examines the experience of interaction between public...

  • Doe Run Peru Begins Acid Plant Construction at La Oroya.  // Engineering & Mining Journal (00958948);Sep2007, Vol. 208 Issue 7, p10 

    The article reports that Doe Run Peru has begun construction of a lead circuit sulphuric acid plant that will allow for the continued reduction of emissions of sulfur dioxide from the La Oroya smelter chimney in Peru. According to Doe Run, the move is part of the company's continued commitment...

  • GREENING ORGANIZATIONS. Shrivastava, Paul; Hart, Stuart // Academy of Management Best Papers Proceedings;1992, p185 

    Despite the rise of environmentalism over the last two decades, organizations and organizational theories have simply failed to adequately address environmental concerns. This paper examines this failure and proposes new concepts and a framework for the greening of organizations.

  • THE ATTITUDINAL BASES OF STAKEHOLDER CONFLICT: AN EXAMINATION OF BUSINESS-ENVIRONMENTAL STAKEHOLDERS. Cordano, Mark // Academy of Management Best Papers Proceedings;1996, p347 

    Data from a new environmental attitudes survey revealed significant differences among managers (n=131), active environmentalists (n=59), and environmental regulators (n=67) on five factors of environmental concern. This approach to stakeholder analysis provides new understandings of stakeholder...

  • THE USUAL MIND AS ENVIRONMENTALLY UNSUSTAINABLE: THE UNUSUAL MIND TO SUSTAIN OUR COMMON FUTURE. Gladwin, Thomas N.; Newburry, William E.; Reiskin, Edward D. // Academy of Management Best Papers Proceedings;1996, p429 

    Why has human thinking come to be profoundly biased against community and nature? Possible reasons are attributed to bounded cognition, obsolete worldviews, addictive conventional wisdom and psychodynamic defense mechanisms. A research agenda is provided for those concerned with changing the way...

  • What is sustainability? Sheehan, Brendan // Control Engineering;Sep2009, Vol. 56 Issue 9, p12 

    The author explains the concept of sustainability as it relates to manufacturing plants and operations. It cites the interlinked elements that are being integrated by the principles of sustainability. It discusses the importance of energy and environmental factors, achieving operational and...

  • A GREEN AND LEAN WORKPLACE? Kunes, Thomas P. // Strategic Finance;Feb2001, Vol. 82 Issue 8, p70 

    The article offers techniques for businesses on identifying hidden costs in order to be environmentally compliant at a lesser expense. A discussion is presented about the importance of corporate environmentalism and methods employed by companies seeking to lessen their environmental impact in...

  • Earth Day, Then and Now. Anderson, Ray C. // Sustainability: The Journal of Record;Apr2010, Vol. 3 Issue 2, p73 

    The author reflects on the role of businesses and industries in environmental sustainability. The author relates the achievements of his company Interface Inc. for the zero environmental footprint goal, in which they have already decreased greenhouse gas emission by 44% and cut water use by 80%....

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics