The Link Between 'Green' and Economic Success: Environmental Management as the Crucial Trigger Between Environmental and Economic Performance
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In: Journal of Environmental Management, Vol. 65, No. 4, 01.08.2002, p. 339-346.
Research output: Journal contributions › Journal articles › Research › peer-review
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TY - JOUR
T1 - The Link Between 'Green' and Economic Success
T2 - Environmental Management as the Crucial Trigger Between Environmental and Economic Performance
AU - Schaltegger, Stefan
AU - Synnestvedt, Terje
N1 - Literaturverz. S. 346
PY - 2002/8/1
Y1 - 2002/8/1
N2 - The link between environmental and economic performance has been widely debated in the literature for the last ten to fifteen years. One view is that improved environmental performance mainly causes extra costs for the firm and thus reduces profitability. However, also the opposite has been argued for: improved environmental performance would induce cost savings and increase sales and thus improve economic performance. Theoretical and empirical research have provided arguments for both positions and have not been conclusive so far. This article discusses reasons for the different views and the differences in empirical research and presents a theoretical framework to explain the coexistence of the conflicting views. It is argued that not merely the level of environmental performance, but mainly the kind of environmental management with which a certain level is achieved, influences the economic outcome. The model presented provides implications for both empirical research and company management in practice. Research and business practice should focus less on general correlations and more on causal relationships of eco-efficiency, i.e. the effect of different environmental management approaches on economic performance.
AB - The link between environmental and economic performance has been widely debated in the literature for the last ten to fifteen years. One view is that improved environmental performance mainly causes extra costs for the firm and thus reduces profitability. However, also the opposite has been argued for: improved environmental performance would induce cost savings and increase sales and thus improve economic performance. Theoretical and empirical research have provided arguments for both positions and have not been conclusive so far. This article discusses reasons for the different views and the differences in empirical research and presents a theoretical framework to explain the coexistence of the conflicting views. It is argued that not merely the level of environmental performance, but mainly the kind of environmental management with which a certain level is achieved, influences the economic outcome. The model presented provides implications for both empirical research and company management in practice. Research and business practice should focus less on general correlations and more on causal relationships of eco-efficiency, i.e. the effect of different environmental management approaches on economic performance.
KW - Sustainability sciences, Management & Economics
KW - Umweltbezogenes Management
KW - Umweltbilanz
KW - Unternehmenserfolg
KW - Corporate environmental performance
KW - economic performance
KW - Eco-efficiency
KW - Corporate environmental management
KW - Eco-efficiency
KW - Economic performance
KW - Environmental performance
UR - http://www.scopus.com/inward/record.url?scp=0036689401&partnerID=8YFLogxK
UR - https://www.mendeley.com/catalogue/a16acfa4-d088-369a-99f1-b32647da5f04/
U2 - 10.1006/jema.2002.0555
DO - 10.1006/jema.2002.0555
M3 - Journal articles
VL - 65
SP - 339
EP - 346
JO - Journal of Environmental Management
JF - Journal of Environmental Management
SN - 0301-4797
IS - 4
ER -