Abstract
Since recent past, a good number of organizations have voluntarily started accepting green practices to make contributions to the environmental well-being by reducing wastes, developing green products, constructing their buildings in the most efficient greener way, recycling their wastes into marketable products and many other ways to make themselves green. Consumers have started demanding for green products and companies are more than happy to satisfy their demand by producing environmentally friendly products. A quest to reduce cost had led to environmentally friendly innovation that has led to a “win-win situation” for all the stakeholders . By going green, companies are attracting more investors to fund them, which would have remained stagnant otherwise without any funds for expansion. In this article, we have examined the main drivers of Corporate Environmentalism (CE) on a global level such as market forces, government and civil regulations. The article discusses the relation between Corporate Environmentalism with stakeholder satisfaction and employee retention and found positive relations among them. Green firms also pressurize their suppliers and other stakeholders to engage in acts of corporate environmentalism to avoid the criticism of green wash. Corporate eco-efficiency brings the benefits of both economic prosperity and environmental protection and states that “A clean environment is actually good for business , for it connotes happy and healthy workers, profits for companies, developing conservation technologies, selling green product and efficiency in material usage”. The article also explains the environmentalism scenario in Indian subcontinent.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Al-Tuwaijri, S. A., Christensen, T. E., & Hughes, K. E. (2004). The relations among environmental disclosure, environmental performance, and economic performance: A simultaneous equations approach. Accounting, Organizations and Society, 29(5), 447–471.
Alonso-Almeida, M., Llach, J., & Marimon, F. (2014). A closer look at the ‘Global Reporting Initiative’sustainability reporting as a tool to implement environmental and social policies: A worldwide sector analysis. Corporate Social Responsibility and Environmental Management, 21(6), 318–335.
Amran, A., Periasamy, V., & Zulkafli, A. H. (2014). Determinants of climate change disclosure by developed and emerging countries in Asia Pacific. Sustainable Development, 22(3), 188–204.
Annandale, D., Morrison-Saunders, A., & Bouma, G. (2004). The impact of voluntary environmental protection instruments on company environmental performance. Business Strategy and the Environment, 13(1), 1–12.
Borck, J. C., & Coglianese, C. (2009). Voluntary environmental programs: Assessing their effectiveness. Annual Review of Environment and Resources, 34, 305–324.
Brammer, S., Williams, G., & Zinkin, J. (2007). Religion and attitudes to corporate social responsibility in a large cross-country sample. Journal of Business Ethics, 71(3), 229–243.
Buysse, K., & Verbeke, A. (2003). Proactive environmental strategies: A stakeholder management perspective. Strategic Management Journal, 24(5), 453–470.
Cao, X., & Prakash, A. (2010). Trade competition and domestic pollution: A panel study, 1980–2003. International Organization, 64(03), 481–503.
Capelle-Blancard, G., & Monjon, S. (2010). Socially responsible investing: It takes more than words (No. 2010-15).
Chandra, M. (2015). Environmental concerns in India: Problems and solutions. Journal of International Business and Law, 15, 1.
Chrun, E., Dolšak, N., & Prakash, A. (2016). Corporate environmentalism: Motivations and mechanisms. Annual Review of Environment and Resources, 41, 341–362.
Clarkson, P. M., Li, Y., Richardson, G. D., & Vasvari, F. P. (2008). Revisiting the relation between environmental performance and environmental disclosure: An empirical analysis. Accounting, Organizations and Society, 33(4), 303–327.
Dietz, T., Kalof, L., & Stern, P. C. (2002). Gender, values, and environmentalism. Social science quarterly, 83(1), 353–364.
Duit, A., Feindt, P. H., & Meadowcroft, J. (2016). Greening Leviathan: The rise of the environmental state? Environmental Politics, 25(1), 1–23.
Eisner, M. A. (2004). Corporate environmentalism, regulatory reform, and industry self-regulation: Toward genuine regulatory reinvention in the United States. Governance, 17(2), 145–167.
Eleftheriadis, I. M., & Anagnostopoulou, E. G. (2015). Relationship between corporate climate change disclosures and firm factors. Business Strategy and the Environment, 24(8), 780–789.
Fransen, L. (2012). Multi-stakeholder governance and voluntary program interactions: Legitimation politics in the institutional design of corporate social responsibility. Socio-Economic Review, 10(1), 163–192.
Griffin, J. J., & Prakash, A. (2014). Corporate responsibility: Initiatives and mechanisms. Business and Society, 53(4), 465–482.
Hahn, R., Reimsbach, D., & Schiemann, F. (2015). Organizations, climate change, and transparency: Reviewing the literature on carbon disclosure. Organization & Environment, 28(1), 80–102.
Hemingway, C. A., & Maclagan, P. W. (2004). Managers’ personal values as drivers of corporate social responsibility. Journal of Business Ethics, 50(1), 33–44.
Humphrey, J. E., Lee, D. D., & Shen, Y. (2012). Does it cost to be sustainable? Journal of Corporate Finance, 18(3), 626–639.
Jayathirtha, R. V. (2001). Combating environmental repercussions through ‘TQEM’and ‘ISO 14000’. Business Strategy and the Environment, 10(4), 245–250.
King, A. A., & Lenox, M. J. (2000). Industry self-regulation without sanctions: The chemical industry’s responsible care program. Academy of Management Journal, 43(4), 698–716.
King, A. A., Lenox, M. J., & Terlaak, A. (2005). The strategic use of decentralized institutions: Exploring certification with the ISO 14001 management standard. Academy of Management Journal, 48(6), 1091–1106.
King, A., & Lenox, M. (2002). Exploring the locus of profitable pollution reduction. Management Science, 48(2), 289–299.
Knill, C., & Tosun, J. (2009). Hierarchy, networks, or markets: How does the EU shape environmental policy adoptions within and beyond its borders? Journal of European Public Policy, 16(6), 873–894.
Kollman, K., & Prakash, A. (2001). Green by choice? Cross-national variations in firms’ responses to EMS-based environmental regimes. World Politics, 53(03), 399–430.
Lee, S. Y., Park, Y. S., & Klassen, R. D. (2015). Market responses to firms’ voluntary climate change information disclosure and carbon communication. Corporate Social Responsibility and Environmental Management, 22(1), 1–12.
Lertzman, D. A., & Vredenburg, H. (2005). Indigenous peoples, resource extraction and sustainable development: An ethical approach. Journal of Business Ethics, 56(3), 239–254.
Link, S., & Naveh, E. (2006). Standardization and discretion: Does the environmental standard ISO 14001 lead to performance benefits? IEEE Transactions on Engineering Management, 53(4), 508–519.
Matsumura, E. M., Prakash, R., & Vera-Muñoz, S. C. (2013). Firm-value effects of carbon emissions and carbon disclosures. The Accounting Review, 89(2), 695–724.
McWilliams, A., & Siegel, D. (2001). Corporate social responsibility: A theory of the firm perspective. Academy of Management Review, 26(1), 117–127.
O’Rourke, A. (2003). The message and methods of ethical investment. Journal of Cleaner Production, 11(6), 683–693.
Padma, P., Ganesh, L. S., & Rajendran, C. (2008). A study on the ISO 14000 certification and organizational performance of Indian manufacturing firms. Benchmarking: An International Journal, 15(1), 73–100.
Plambeck, E. L. (2012). Reducing greenhouse gas emissions through operations and supply chain management. Energy Economics, 34, S64–S74.
Powers, N., Blackman, A., Lyon, T. P., & Narain, U. (2011). Does disclosure reduce pollution? Evidence from India’s green rating project. Environmental & Resource Economics, 50(1), 131.
Prakash, A., & Potoski, M. (2007). Investing up: FDI and the cross-country diffusion of ISO 14001 management systems. International Studies Quarterly, 51(3), 723–744.
Prakash, A., & Potoski, M. (2012). Voluntary environmental programs: A comparative perspective. Journal of Policy Analysis and Management, 31(1), 123–138.
Russo, M. V., & Fouts, P. A. (1997). A resource-based perspective on corporate environmental performance and profitability. Academy of Management Journal, 40(3), 534–559.
Sharma, S., & Henriques, I. (2005). Stakeholder influences on sustainability practices in the Canadian forest products industry. Strategic Management Journal, 26(2), 159–180.
Stanny, E., & Ely, K. (2008). Corporate environmental disclosures about the effects of climate change. Corporate Social Responsibility and Environmental Management, 15(6), 338–348.
Stubbs, W., Higgins, C., & Milne, M. (2013). Why do companies not produce sustainability reports? Business Strategy and the Environment, 22(7), 456–470.
Sullivan, R., & Gouldson, A. (2012). Does voluntary carbon reporting meet investors’ needs? Journal of Cleaner Production, 36, 60–67.
Tagesson, T., Klugman, M., & Ekström, M. L. (2013). What explains the extent and content of social disclosures in Swedish municipalities’ annual reports. Journal of Management and Governance, 17(2), 217–235.
Thompson, P. (1998). Bank lending and the environment: Policies and opportunities. International Journal of Bank Marketing, 16(6), 243–252.
Turk, A. M. (2009). The benefits associated with ISO 14001 certification for construction firms: Turkish case. Journal of Cleaner Production, 17(5), 559–569.
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2020 Springer Nature Switzerland AG
About this chapter
Cite this chapter
Suman, S., Das, S. (2020). Corporate Environmentalism, Epistemological Review & Ontological Position. In: Mitra, N., Schmidpeter, R. (eds) Mandated Corporate Social Responsibility. CSR, Sustainability, Ethics & Governance. Springer, Cham. https://doi.org/10.1007/978-3-030-24444-6_11
Download citation
DOI: https://doi.org/10.1007/978-3-030-24444-6_11
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-030-24443-9
Online ISBN: 978-3-030-24444-6
eBook Packages: Business and ManagementBusiness and Management (R0)