Having a better environmental performance translates into a better financial performance: A study of the European food industry

• Autorzy: Adriana Maria Silva Gomes , Paulo Sérgio Amaral de Sousa , Maria do Rosário Alves Moreira
• Języki publikacji: EN

Abstrakty

EN

This study examined the relationship between Environmental Performance (EP) and Financial Performance (FP) in the Europeanfood industry. The food industry is essential for population sustenance, but the rising population and the consequent increase infood production demand have implications for climate change. The aim of this study was to determine if businesses that consumewater more efficiently and have lower CO2 emission intensities might experience improved financial performance. Financial andenvironmental data were sourced from external databases and company reports, and both quantile regression and correlationanalyses were conducted. The results reveal that various sectors within the food industry exhibit different linkages betweenEnvironmental Performance and Financial Performance. Furthermore, our findings indicate that water use efficiency cansignificantly influence financial performance, either positively or negatively, while CO2 emission intensity did not exhibit adefinitive impact on Financial Performance.(original abstract)

Słowa kluczowe

EN

Food industry; Pollution emission; Profit; Capital; Assets

PL

Przemysł spożywczy; Emisja zanieczyszczeń; Zysk; Kapitał; Aktywa

• Czasopismo: Environmental & Socio-economic Studies
• Rocznik: 2023
• Tom: 11
• Numer: nr 3
• Strony: 1--13

Twórcy

autor

Adriana Maria Silva Gomes

• University of Porto, Faculty of Economics, Portugal

autor

Paulo Sérgio Amaral de Sousa

• University of Porto, Faculty of Economics, Portugal

autor

Maria do Rosário Alves Moreira

• University of Porto, Faculty of Economics, Portugal

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Identyfikatory

DOI

https://doi.org/10.2478/environ-2023-0012