Abstract
This paper provides an insight of the relationship between economic performance and environmental management which is necessary for sustainable development and economic prosperity. The present paper uses factor analysis methodology for identifying the major factors relating to economic performance which also enhances environmental management in mining industry.The survey has been conducted in four subsidiaries of Coal India Limited (CIL) which are Bharat Coking Coal Limited (BCCL), Dhanbad, Central Coalfield Limited (CCL), Ranchi, Coal Mines Planning and Design Institute India Limited (CMPDIL), Dhanbad and Eastern Coalfield Limited (ECL), Asansol. This study identifies four factors, namely risk related driver, image related driver, societal related driver and efficiency related driver of economic performance which should be integrated with corporate strategy of the company for sustainable growth and development.
Highlights
Business organization is a critical factor in the world’s economic and social development
Four subsidiaries of Coal India Limited (CIL) have been considered as sampling unit which are Bharat Coking Coal Limited (BCCL), Central Coalfield Limited (CCL), CMPDIL and Eastern Coalfield Limited (ECL)
Today it is necessary to bring together the essential ingredients i.e. economic and environmental progress, which is important for economic prosperity to increase with more efficient use of resources and lower emissions (Hendrik and Bidwell, 2000)
Summary
Business organization is a critical factor in the world’s economic and social development. For enhancing economic performance of the company, society and environmental progress plays a key role. Welford (1996) has argued that there are benefits relating to the introduction of regional environmental management systems, which integrate environmental, economic and social factors. When considering environmental aspects in India, mining organization comes in one mind as in India mining is an important economic activity and it has an adverse effect on environment and society. The objective of the study is to identify and analyze the factors of economic performance which if integrated with environmental management of mining Industry would enhance the firm’s performance. The paper is structured in the following manner: section 2 reviews the available related literature on the subject.
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: INTERNATIONAL JOURNAL OF MANAGEMENT & INFORMATION TECHNOLOGY
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
