Abstract
This study was conducted to propose the Green Economic Development Plan for Manufacturing S.M.E.s based on financial performance and operations thru Green Initiatives. The descriptive survey method used to gather data to determine the green initiative's implementation of small and medium (S.M.E.s) manufacturing enterprises. Green initiatives use as a basis for crafting a green economic development plan. Document analysis was also employed to obtain data from any available printed materials and records provided by the respondents. Such methods of gathering information used to validate data gathered from local and foreign-related literature. The observation also employed to survey the assets owned and validate any green initiatives practiced, including their implementation. The study's findings show that among the green initiatives implemented by SMMEs, which resulted in the reduction of total costs and expenses, were the proper disposal and segregation of waste materials, water management by recycling wastewater and using water-efficient equipment, natural resources, and raw materials management. SMMEs should encourage active participation and support of suppliers and customers in achieving G.E.D.'s objectives by developing incentive schemes. Furthermore, SMMEs should continue to benchmark with G.E.D. Practitioners are operating locally and abroad to adopt best greening strategies and regularly network with concerned government agencies for continuous updating on G.E.D. Initiatives that may benefit the firm. Further research may be conducted on green initiatives implemented by small and medium enterprises in other industry sectors.
Highlights
The Green Economy is the term used to refer to an economy that aims to promote economic development while preserving the environment
All small and medium enterprises had been in operation for less than half a decade and managed by the same person
The small and medium manufacturing enterprises are all compliant with the requirements for the registration and operation of their business
Summary
The Green Economy is the term used to refer to an economy that aims to promote economic development while preserving the environment. The business term for "green" is widely used, its origins lie more in the popular press than the scientific community (Baines, et al, 2012). It aims to strengthen sustainable development without compromising the environment. In this context, the workers or personnel play a vital role in the sustainability of the business through the green initiatives that were implemented in business operations. Waste water in offices and stalls was recycled and used for non-potable purposes
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