For manufacturers, being green means more green in the bank
A recent Kettering University study found that manufacturers with green-oriented manufacturing companies with sustainable practices also enjoy sustainability in profits as well. Excerpt: "A team of researchers led by Kettering University's Dr. Thomas Ngniatedema from the Department of Business have presented empirical evidence regarding the importance of corporate environmental consciousness and a company’s financial performance. "This study is an invitation to corporate investment in innovative pollution prevention because we found that companies that score well according to objective environmental criteria realize stronger financial returns than their counterparts." Ngniatedema said… The manufacturing industry included companies in sectors such as consumer products; vehicles; food and beverage; industrial goods; pharmaceuticals; technology; and utilities, while the service industry consisted of firms in sectors such as banking and insurance; financial industries; healthcare, media, travel and leisure; and retail. "We found that firms in the manufacturing industry tend to be more green-oriented than those in the service industry," Ngniatedema said." More here.
A recent Kettering University study found that manufacturers with green-oriented manufacturing companies with sustainable practices also enjoy sustainability in profits as well.
Excerpt:
“A team of researchers led by Kettering University’s Dr. Thomas Ngniatedema from the Department of Business have presented empirical evidence regarding the importance of corporate environmental consciousness and a company’s financial performance.
“This study is an invitation to corporate investment in innovative pollution prevention because we found that companies that score well according to objective environmental criteria realize stronger financial returns than their counterparts.” Ngniatedema said…
The manufacturing industry included companies in sectors such as consumer products; vehicles; food and beverage; industrial goods; pharmaceuticals; technology; and utilities, while the service industry consisted of firms in sectors such as banking and insurance; financial industries; healthcare, media, travel and leisure; and retail.
“We found that firms in the manufacturing industry tend to be more green-oriented than those in the service industry,” Ngniatedema said.”
More here.
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