Environmental Responsibility Practices Research Articles

Research on Corporate Environmental Responsibility Practices of Multinational Corporations in Developing Countries—The Case of U.S. Multinational Corporations

The practice of environmental responsibility of multinational corporations (MNCs) in developing countries is of great significance for sustainable development. This study aims to explore the practice path of MNCs in fulfilling their corporate environmental responsibility in developing countries, and to analyze the challenges they face and the achievements they have made. Through field research and case study analysis, a series of feasible suggestions are put forward to promote the practice of environmental responsibility of multinational corporations in developing countries by combining relevant theories and practical experiences.

Integrating sustainability into graphic and industrial design education: A fine arts perspective

The integration of sustainability principles into graphic and industrial design education has become increasingly imperative in response to global environmental challenges. This paper explores the incorporation of sustainable practices within design education, particularly from the perspective of fine arts pedagogy. By examining the intersection of sustainability and design education, this study identifies key strategies and methodologies to infuse sustainable principles into the curriculum. Drawing from fine arts perspectives, it delves into the importance of interdisciplinary collaboration, experiential learning, and critical thinking in fostering sustainable design practices among students. Furthermore, the paper investigates the role of design educators in cultivating a mindset of environmental responsibility and ethical design practices. It explores the challenges and opportunities associated with integrating sustainability into traditional design curricula, emphasizing the need for innovative approaches that blend theory with hands-on application. Through case studies and best practices, this research highlights successful initiatives and projects that demonstrate the effective integration of sustainability into graphic and industrial design education. These examples showcase how incorporating sustainability principles not only enhances the ecological footprint of design processes but also promotes social responsibility and cultural awareness. Overall, this paper contributes to the ongoing discourse on sustainability in design education by offering practical insights and recommendations for educators, institutions, and policymakers. It underscores the transformative potential of integrating sustainability into graphic and industrial design education, envisioning a future where designers play a proactive role in shaping a more sustainable and equitable world.

Environmental responsibility of family businesses: a perspective paper

PurposeThis perspective paper explores ongoing research into stimuli that promote environmental responsibility in family business contexts. It also delineates emerging patterns and possible directions for future research within this domain.Design/methodology/approachThe authors synthesise, critically assess and integrate existing research to make current thinking about the environmental responsibility of family businesses more accessible to a wide range of readers.FindingsThis paper offers a comprehensive overview of multifaceted triggers and sheds light on how they interact and influence the environmental performance of family businesses. The authors delve into family dynamics and values, examining how they enable a business to develop environmental responsibility practices. Simultaneously, the authors emphasise the importance of probing the impact of the macro environment within which family businesses operate, which either might incentivise or challenge their pursuit of environmental responsibility initiatives. The need to design a robust tool to measure the environmental consciousness of familiness, applicable to specific contextual settings, has been identified. Investigating how accounting and control systems act as supportive management tools to enhance the efficacy of overall corporate performance in family businesses is another area for future research. Moreover, examining these dynamics within the unique landscape of emerging economies offers a promising field of exploration.Originality/valueThis article consolidates existing research on the environmental responsibility of family businesses and puts forward potential avenues for future research.

EcoServe: A Strategic Information System with Trends Forecasting for Tomongtong Mangrove Eco-Trail

Ecotourism studies are essential to promote sustainable travel and responsible environmental practices, which are vital for preserving our planet's biodiversity and natural habitats while providing enriching experiences for travelers. Tomongtong Mangrove Eco-Trail, located in Negros Occidental, provides an ideal backdrop for this kind of study. Despite its natural beauty and recreational potential, the resort grapples with outdated, manual reservation systems, inefficient communication, and the absence of a strategic forecasting tool. Considering these issues, this research aims to introduce EcoServe, a Strategic Information System with Trends Forecasting, as a groundbreaking approach to enhancing customer reservations, boosting communication, and providing crucial trend forecasting for Tomongtong Mangrove Eco-Trail. This web-based and mobile-friendly system automates reservation management, enhances communication with customers through an electronic bulletin, and provides trend forecasting. The study utilized the Development Research Design and Rapid Application Development Method (RAD) to develop the system, followed by comprehensive Black and White Box testing to ensure usability and overall quality. The results demonstrate the system's value in improving efficiency and customer satisfaction while supporting strategic planning for sustainable business practices in the tourism sector.

The contagion effect of corporate environmental responsibility in megaprojects: Analyzing underlying processes

The corporate environmental responsibility (CER) performance of contractors is a critical antecedence for the sustainable construction and operation of megaprojects. Studies have confirmed that individual or organizational traits, as well as the external institutional environment, influence contractors' CER decisions and behaviors. However, researchers have neglected the crucial fact that in a megaproject organization, other contractors' environmental responsibility practices also may affect the environmental responsibility decisions of the focal contractor, which refer to as the “contagion effect of CER in megaprojects”. This study examined the authenticity of this contagion effect and develops a conceptual framework to reveal the contagion process. Using 249 survey data from contractor managers with megaproject construction experience, the results confirm the contagion effect of CER in megaprojects. The detailed contagion process is that the focal contractor employees' organizational pride and social capital perception are activated by other contractors' CER practices, thereby choosing to follow other contractors to adopt similar CER strategies. Meanwhile, this process is partially moderated by contractors' megaproject identification. Specifically, contractors with a high level of megaproject identification will have greater organizational pride when observing other contractors' CER practices. However, megaproject identification does not change contractors' social capital perception level. This study provides valuable insights into understanding the contagion process of CER among contractors in megaprojects, and the related findings can help owners effectively incentive contractors' CER intentions to achieve higher megaproject sustainability performance.

The Relationship between Marine Sports Tourist Destinations, Social Responsibility, and Environmentally Responsible Behavior

This study investigated the structural relationship between tourist destination identification and environmental responsibility practices based on the social responsibility activities for visitors of marine sports tourist destinations where domestic travel has been active since COVID-19. Furthermore, we aimed to provide academic and practical implications by investigating the relationship between DSR, a major variable in sustainable marine sports tourism, and ERB. Data from a survey of tourists who participated in marine sports (n = 392) were analyzed using structural equation modeling and Hayes PROCESS macro with bootstrapping procedures. According to the analysis results, it was found that marine sports tourist DSR positively affected destination identification and ERB, and that tourist destination identification positively influenced ERB. Second, it was shown that the effect of the social responsibility of a marine sports tourist destination on ERB is mediated via the influence of tourist destination identification.

Innovative Response Cultural Fashion SMEs Towards Sustainable Business

Background: Research aims to identify the critical challenges and marketing strategies faced by cultural fashion SMEs and how they adapt to global changes to sustainable businesses. This research is descriptive qualitative. The data collection technique of this research used the interview method. The selection of informants in this study used a non-probability sampling method with a snowball sampling approach. Objective : This study aims to review the strengths and weaknesses, opportunities and threats based on information obtained from 7 informants Such as crafters, local communities, entrepreneur Udeng Pacul Gowang and representatives of the Sidoarjo Regency Education and Culture Office Method : The strategic factors of Udeng Pacul Gowang obtained are entered in the form of Internal Strategic Factors Analysis Summary (IFAS) and External Factor Analysis Strategic (EFAS) tables, where each factor of the company's strategy is weighted. Giving internal and external weights is based on the calculation of the category value of the assessment of each strategic factor, from here it is seen which one has the greatest influence and the smallest influence to provide an assessment. Next, the researchers matched internal strengths and weaknesses with external opportunities and threats based on the information obtained at the input stage. The analytical tools used in this study are the IE matrix (internal-external), the SWOT Quadrant Matrix, and the SWOT Matrix SWOT Analysis is able to identify the potential and barriers of the cultural fashion industry. Result : Innovative responses by SMEs in the cultural fashion industry are crucial for achieving sustainable business practices. The result of this study found that SMEs can use a range of strategies, including engaging in social and environmental responsibility practices, developing innovative products, and utilizing digital technologies to reach broader markets. Collaboration between SMEs, government, and other stakeholders is also important in developing sustainable business practices. These efforts can lead to positive outcomes, such as improved financial performance, enhanced social and environmental impacts, and increased competitiveness in the global market. Conclusion : (SMEs) play a crucial role in the socioeconomic development of a country. They create job opportunities, empower women, expand rural livelihoods, reduce poverty, contribute to GDP, develop businesses, and enhance entrepreneurial institutions. Among these SMEs are those in the creative industry of cultural fashion, such as Udeng Pacul Gowang products, which have global competitiveness. Udeng Pacul Gowang, made from batik cloth, is a product of state identity that can be used for cultural diplomacy. The development of this business potential requires the support of the government, the private sector, academics, and practitioners. The government can open up opportunities for UKM Udeng Pacul Gowang through policy regulations, while academics and practitioners can collaborate to conduct research and innovation for sustainable business continuity. The younger generation can also practice directly in understanding the business and culture of Udeng Pacul Gowang to regenerate craftsmen. The Sidoarjo Regency government's current support for local culture-based products requires evaluation and follow-up to provide capital grants, soft skills training, and appropriate technology for the digital era's challenges. Keywords: marketing strategy; cultural fashion; smes; sustainable business

Drivers of corporate environmental and social responsibility practices: A comparison of two moderated mediation models

This paper adds to CSR, environmental management and strategy literature by examining motivating and enabling factors of corporate environmental and social responsibility practices. We develop and compare two moderated mediation models – one related to the environmental (Study 1) and the other to the social (Study 2) dimension of sustainability. Survey-based data collected from 236 companies in Study 1 and 219 companies in Study 2 along with data on firm financial health from an external source are used. In both models, the moral motives of “doing the right thing” have stronger effects on environmental/social responsibility strategy, which then acts as an important mediator for translating those motives into specific environmental/social practices. Moreover, financial health negatively moderates the strategy–practices relationship in the environmental model, while its moderation role is not significant in the social model, suggesting that sustainability practices are not necessarily limited to financially healthy firms. Our research casts fresh light on the (N)RBV and stakeholder theories, proposing their integration when discussing corporate environmental/social sustainability models.

Board gender diversity and family firms' corporate environmental responsibility: does "critical mass" matter?

The current study investigates the impact of board gender diversity (BGD) on family firms' (FFs) engagement in corporate environmental responsibility (CER) practices. The role of BGD in CER policies has been explored in light of critical mass theory by identifying the threshold of women share on board that can influence the environmental commitment of FFs. By employing a fixed-effect (FE) regression analysis on a global sample of 171 FFs, over the 2015-2020 study period, our findings show that when BGD reaches a certain threshold, i.e. critical mass, the CER engagement of FFs increases. These evidences advance prior literature on the link between BGD and CER while providing additional indications for managers, policy makers and FFs seeking the best CER performance.

Influence of Corporate Social Responsibility on Financial Performance of Listed Manufacturing Firms in Kenya

Purpose: The general objective of the study was to establish the influence of corporate social responsibility on financial performance of listed manufacturing firms in Kenya. The specific objectives of the study was to establish the influence of environmental responsibility, CSR initiative on public education, corporate philanthropy on financial performance of listed manufacturing firms in Kenya. The theories that anchored the study comprised of Triple Bottom Line Theory, Integrative Social Contracts Theory and The Stakeholder Theory.
 Methodology: A descriptive research design was employed in the study and the target population comprised of ten listed manufacturing firms in Kenya. The units of observation comprised of employees from upper, middle and lower management levels. A total of 90 employees were targeted. The study used questionnaires to gather primary data and secondary data was acquired from financial reports of the selected firms. Both descriptive and inferential statistics were employed in analyzing the collected data. The statistics were generated through Statistical Package for Social Scientists and MS Excel.
 Results: The findings of the study revealed that environmental responsibility and corporate philanthropy bears a positive and significant influence on the levels of financial performance of listed manufacturing firms. This is shown by beta values of 0.197 and 0.271 and significant values of 0.0122 and 0.0136 respectively. The results implies that increasing either environmental responsibility or corporate philanthropy with one unit results to increase in the levels of financial performance of listed manufacturing firms in Kenya with respective beta values. The study further revealed that CSR initiative on public education bears a positive but insignificant influence on financial performance of listed manufacturing firms in Kenya. This is shown by a beta value of 0.101 and an insignificant value of 0.0743. This bears the implication that increasing CSR initiative on public education with one-unit results to insignificant increase in the levels of financial performance of the listed manufacturing firms. 
 Unique Contribution to Theory, Policy and Practices: The study recommended the listed manufacturing in Kenya to enhance both environmental responsibility and corporate philanthropy practices in the firm’s operations since the practices increases the financial performance levels to a positive and significant level.

Do resource slack and green organizational climate moderate the relationships between institutional pressures and corporate environmental responsibility practices of SMEs in China?

Do resource slack and green organizational climate moderate the relationships between institutional pressures and corporate environmental responsibility practices of SMEs in China?

Corporate environmental responsibility and innovation: empirical evidence from Vietnam

PurposeThis study aims to examine the relationship between corporate environmental responsibility (CER) practices and different types of innovation carried out by small- and medium-sized enterprises (SMEs) in Vietnam.Design/methodology/approachThe authors employ the bivariate probit model and the two-stage least squares regression model to estimate the effects of CER on process innovation and product innovation of SMEs.FindingsThe findings show that while CER is not significantly related to product innovation, it has a positive and significant effect on process innovation. Further analysis indicates that CER engagement increases labor productivity and financial performance of SMEs.Practical implicationsCorporate managers should view implementation of environmental responsibility practices as a strategy to foster process innovation and boost labor productivity and financial performance. For policy makers, government support for firms proactively engaging in CER practices could encourage firms to pursue innovative activities, which are vital to their long-term success as well as to the society's prosperity.Originality/valueThis study makes several important contributions. First, the authors provide new empirical evidence regarding the different effects of engaging in environmentally friendly practices on firm innovation in an under-examined emerging market setting. Second, the authors enrich our understanding of potential benefits of CER implementation. Third, the findings suggest that firm innovation may play a mediating role in the CER–firm performance association.

Socio environmental responsibility practices and organizational performance in public companies

Purpose: Analyze the relationship between socio-environmental responsibility practices in the economic and financial performance of companies listed in [B3].
 Methodology: Social and environmental information found in the annual sustainability reports published in accordance with the GRI 4 (Global Reporting Initiative) standard were used. For economic performance, the metrics EBITDA and ROA were considered, while for financial performance, market-to-book and Tobin's Q were used, collected on the Economática® platform. Binomial logistic regression was used to evaluate 220 observations corresponding to the period from 2014 to 2018.
 Results: It was not possible to verify the relationship between the disclosure of socio-environmental practices on economic performance, measured by the companies' accounting result variables. However, it suggests that there is a negative influence of the disclosure of information on socio-environmental practices on the financial performance measured by market variables.
 Study Contributions: Despite the demands made by the set of stakeholders on companies for the practice of socioenvironmental actions, the market does not favorably recognize the organizational effort. The results point to indications that investors may consider organizational investments in socioenvironmental practices as undesirable.

Consequences of Social and Environmental Corporate Responsibility Practices: Managers’ Perception in Mozambique

The objective of this paper is to analyze the relationship between the social and environmental practices of Corporate Social Responsibility (CSR), and the economic–financial, social, and environmental performance in Mozambican companies, from the managers’ perspectives. The data were collected from a sample of 227 companies through a survey questionnaire. We used structural equation modelling to analyze how the managers correlate the different social and environmental practices with performance at the financial, social, and environmental levels. The results showed that the relationship between all major components of the social and environmental practices, and the economic–financial, social, and environmental performance is positive but insignificant with the exception of the social practices of community support, which has a weak relationship with the economic–financial performance, environmental performance, and social performance, as well as the environmental practices. The data indicate that there is a need for strengthening the appropriate economic–financial incentive policies and strategies for the agents who promote good CSR practices in the country, in order to obtain satisfactory, measurable, and comparable economic–financial, social, and environmental performance.

ВІДНОВЛЕННЯ ТА РОЗВИТОК ПІДПРИЄМНИЦТВА В УКРАЇНІ НА ОСНОВІ ESG-КОНЦЕПЦІЇ

The article examines the evolution of conceptual views on the sustainable development of the planetary system from the theory of the noosphere by V.I. Vernadsky to the modern paradigm of sustainable development of society. The essence of the global goals of sustainable development until 2030, which reflect the scale and direction of the new agenda of mankind, is revealed. It is determined that the ESG-concept is a practical tool for the participation of the business sector in achieving the goals of sustainable development. The urgency of responsible activity of business structures for the restoration of public life in Ukraine in the postwar period is emphasized. The main aspects of ESG-concept as an environmental, social, and management triangle of the formation of sustainable viability of enterprises are highlighted. The positive impact of environmental and social risk management on the long-term market value of companies is substantiated. It is determined that the main driving forces of the implementation of ESG-principles in the private sector, include investors, international organizations, international banks of development, governments, consumers. The application of the ESG-principles in Ukraine on the example of the ESG-strategy until 2030 of the DTEK Group is studied, and their priorities for participation in achieving the goals of sustainable development are highlighted. The main directions of activity of socially responsible domestic enterprises are determined: labor relations, environmental responsibility, consumer relations, community development, and anti-corruption practices. It is proved that the disclosure of non-financial information and ensuring the transparency of companies' activities is another new process in Ukraine, which is complicated by the lack of generally accepted standards for non-financial information disclosure. The article identifies the main problems of wide application of ESG-concept in the practical activities of the business sector and substantiates the directions of intensification of this process, including: leadership and strengthening the influence of large companies on the implementation of economic agents ESG-principles; implementation of socially responsible investment by financial structures; standardization of the content and process of disclosure of non-financial information; popularization and explanation of the essence and role of ESG-concepts for the development of the business sector; training of competent specialists in this field.

The Royal Bay Bakery

Theoretical basis There are a range of business evaluation methods that can be applied to determine the value of a business. Ultimately, the valuation of a business is what someone will pay for it when the sale transaction is completed. When determining the value of their own business, business owners are often influenced by how hard they have worked to start and build up the business, what the business represents and their projections for the future (Hawkey, 2017). This case provides an opportunity for students to consider exit strategy planning and how to establish a fair market price for a business, how to consider the value of good will and, in particular, the value associated with running an environmentally conscious bakery operation. The trend toward environmental responsibility and green practices in the small business community has started to have an impact on the value of small companies (Inc. 2021). Finally, the case raises the issue of the personal values of the owners and the related implication of finding a buyer with similar values and interests for a bakery business. Research methodology This case was field researched and the company and individuals are not disguised. One of the authors interviewed the two owners of The Royal Bakery. There were three interviews over a six-month period. The interviews were audio recorded. An ethical review for this research was completed at the co-authors’ institution, and a case release was signed. Case overview/synopsis The Royal Bay Bakery presents Dave Grove and Gwen Snyder who, with over 30 years in the bakery business, had started to consider next steps toward retirement. Royal Bay Bakery was profitable and growing. As they prepared to retire and sell the business, they were unsure about how to maximize the value of the business. They also wanted to find a buyer who would recognize and continue their business commitment to environmental and social sustainability. Complexity academic level This case may be taught in a class on exit strategies for small family businesses in the context of a small business course. This case is appropriate for both undergraduate seniors and graduate students. The case may be used to help students understand small business valuation, family ownership and exit strategies and environmental practices in small businesses. Instructors may choose to emphasize specific conceptual tools, including SWOT analysis, and business valuation. The case may also be used to reinforce applications of exit strategy for small, family-owned businesses.

Environmental Responsibility, Green Innovation, Firm Value: Asean-5

The purpose of this study was to examine the effect of Environmental Responsibility (ER) and Green Innovation on firm value. Based on stakeholder theory and Resource-Based View (RBV) this study views that Environmental Responsibility (ER) and Green Innovation (GI) are expected to positively affect firm value because they help companies achieve competitive advantage and contribute to sustainable development activities. This study uses a PooledLeast Square (PLS) regression test based on panel data collected from 399 annual reports, sustainability reports from Public Energy and Mining companies listed in ASEAN-5 between 2017 and 2019. The results of the study found that energy and mining companies were proven to increase firm value through the practice of environmental responsibility and green innovation. This research has implications for the community as consumers, it can be taken into consideration to be able to choose which company is responsible for the environment Managers, and other decision makers may need to have a better understanding of the company's behavior in adopting Environmental Responsibility activities and environmentally friendly practices to make the right decisions. Then the government as a regulator can carry out further supervision of companies, especially companies Energy and Mining are in utilizing resources efficiently.

Does corporate environmental responsibility affect investor future goal in the energy sector firms?

This study investigates the relationship between corporate environmental responsibility and firm’s financial performance by using a sample set of 2,241 firm-year observations representing 470 unique energy firms from 30 countries from 2013–2020. Supporting stakeholder theory, we find that firms with better environmental responsibility actions are associated with higher Tobins’q, suggesting that the investors react positively to the firm’s environmental initiatives. Overall, our findings suggest that firms in the energy sector should pay attention to corporate environmental responsibility practices to obtain a good response from the investors and achieve the firm’s long-term financial goals.

Strategic attributions of corporate social responsibility and environmental management: The business case for doing well by doing good!

AbstractGenerally, businesses are capable of implementing corporate social responsibility (CSR) and environmentally sustainable behaviors as they pursue their profit‐making activities. While there are a number of contributions that investigated the effect of CSR and responsible environmental practices on the companies' bottom lines, few studies were focused on the strategic attributions of responsible corporate behaviors in the tourism industry context, during an unprecedented pandemic situation. Hence this research investigates the stakeholders' perceptions on the hospitality businesses' social responsibility and environmentally friendly practices. The data were collected from a sample of 462 research participants who worked in tourism and hospitality. The findings suggest that their employers' stakeholders were triggering their businesses to engage in ethical behaviors, responsible human resources management and to invest in environmentally friendly initiatives. As a result, they were creating value to their companies, to society and to the natural environment. In sum, this contribution implies that there are strategic attributions of CSR behaviors and of environmentally sustainable practices as responsible businesses can improve their growth prospects and increase their competitiveness in the long run.

Environmental responsibility, CEO power and financial performance in the energy sector

This paper examines the impact of environmental responsibility on financial performance among firms in the energy sector. In addition, this study also assesses whether CSR and environmental responsibility are more value enhancing for firms with powerful CEOs. The sample consists of 75 firms obtained from the MSCI World Energy index from 2013 to 2017. Two − stage least − squares estimation is applied. The result shows that environmental responsibility practices positively affect a firm’s financial performance. When the three individual dimensions of environmental responsibility are considered, product innovation and resource reduction are positively associated with the firms’ financial performance, but emission reduction is not significant. In addition, this study finds no support for CEO power moderating the relationship between CSR and financial performance, or between environmental responsibility and financial performance. The evidence suggests that in the presence of CEO power, corporate environmental and social activities are not due to agency motives but rather something that is good for the firm and value enhancing, which is consistent with the stakeholder theory of corporate social responsibility.