Green Management Policies for Corporate Success

The concept arising from the relationship between organization, society, and environment is green management. Ensuring sustainability by redesigning business processes is a fundamental activity based on constantly and rapidly changing environmental conditions in an open system with the effect of globalization. Thus, designing future organizations will strengthen by applying environmental policies. One of the conditions to achieve corporate success is green management policies. Putting green management policies into practice is essential and valuable for the future vision of an organization. The organization will set its corporate goals and subgoals in line with this vision. Moreover, the organization will be able to increase competitive capacity by standing out amongst the competitors in favor of performance arising from these policy implementations. This study, for this purpose, scrutinized the contributions of green management policies to the success of organizations.

Eco-friendly accommodation facilities in Mladá Boleslav, Czechia: a case study

The purpose of this article is to evaluate the application of various green management measures in selected accommodation facilities in Czechia, namely in the town of Mladá Boleslav and its surroundings. This study was carried out using mixed research methods including semi-structured interviews with accommodation facility management staff. The interviews were complemented with a questionnaire survey which focused on the application of eco-friendly solutions in accommodation facilities. The total sample of participating facilities represented 39.6% of those in the town and its surroundings. In the data analysis stage, correspondence analysis was used. The results suggest that the higher the category, the stronger the trend to use eco-friendly methods in running accommodation facilities.

Effect Of Green Accounting On Financial Performance Of Oil And Gas Companies In Nigeria

The study examined the effect of green accounting on the financial performance of oil and gas companies 2010-2020. The specific objectives were to determine the effect of: environmental cost accounting and green management accounting on the financial performance of oil and gas companies in Nigeria. A quantitative technique was adopted and Ex post facto research design was employed for the study. Data were obtained from annual reports and accounts of the companies for the periods 2010 to 2020. The hypotheses were tested using regression analysis with aid of e-view 9.0. The results showed that environmental cost accounting has a significant effect on the financial performance of oil and gas companies. Also, the study found that green management accounting has significant effect on the financial performance of oil and gas firms. Therefore, the paper recommended that management of oil and gas companies in Nigeria should pay particular attention to environmental cost accounting to enhance the firm’s operating environment and the financial performance of the companies. Also, since most oil and gas companies hardly report their environmental activities, the government should make environmental reporting in annual reports compulsory thereby passing legislation which will compel companies to integrate environmental issues into their strategic planning process; and the publication of environmental accounting standards both locally and internationally which can be reviewed continually to ensure dynamism in compliance.

Green Logistics Practices Seeking Development of Sustainability: Evidence from Lithuanian Transportation and Logistics Companies

Reducing the harmful effects on the environment and increasing the expression of sustainable development principles is one of the most topical challenges all around the world. Given the importance of logistics for the economy and the growing concern for the environment, the purpose of this article was to reveal a green logistics (GL) practice framework for sustainable development. Based on a systematic and comparative analysis of the scientific literature, the authors present a theoretical conceptual model for applying GL practices to sustainable development. In order to assess the expression of GL practices and their determinants in Lithuanian transport and logistics services companies, a quantitative questionnaire survey was conducted. Descriptive statistics, correlation, and regression analyses were used to analyze the data. The results made it possible to identify GL areas such as green transportation, green warehousing, green management, sustainable waste management, and the prevailing GL practices in Lithuania: “Eco-driving”, “Optimization of transport routes”, and “Optimization of transport cargo distribution”. The factors that most encouraged the application of GL practices in the studied companies were: legal regulation and policies, requirements of business partners, service users, customers and society, awareness of the company’s top management, and corporate culture focused on environmental conservation and sustainable development.

Implications of Green Management Practices in the RMG Industries of Bangladesh- An Environmental Sustainability Perspective

As of today, the whole world is riddled with a major dilemma whether it goes with gigantic industrialization or ensuring environmental sustainability. At the cost of a green environment, infrastructural development means no dependable future. Therefore, this study aims to examine the implications of green management practices in the readymade garments industries of Bangladesh. The perspective of the study entails environmental sustainability in such a way that depicts the perception of employees towards green management practices. In order to conduct this study, 100 respondents have been selected and all of them are employees in a similar type of RMG industry. For the analytical purpose, Henry Garret’s table rating scale has been utilized because it not only provides clear responses from the selected respondents but also subjective judgment. The study explored four important impact factors that play a vital role in the context of environmental sustainability such as the development of green management practices, motivating employees towards green management practices, enabling participation in green opportunities, and last but not least continuous maintenance of green attitude. After substantial analysis, the study concluded that the investment in green management system development, recording and publicly disclosing green job performance, participatory involvement in green discussions, and having a specific code of conduct for green management are the most important ones arising from implications of green management practices.

THE IMPORTANCE OF SUSTAINABILITY IMPLEMENTATION FOR BUSINESS CORPORATIONS

Sustainability is the current trend adopted by major business corporations in Malaysia. Abundant evidence reveals corporations are now recognizing that aligning business operation with sustainable ways adds more value. Previous literature shows sustainability has become a strategic imperative for all businesses. Apart from that, having a sustainable building in their asset portfolio contributes towards achieving the management strategic corporate goals. Therefore, this research aims to discuss what are the corporate goals or corporate expectations from going green. In conjunction with that, secondary data collection was thoroughly reviewed from previous studies. Then, primary data consolidates via questionnaire distribution on 117 persons directly involved in green management. The data then analyzed via relative importance index (RII) to identify the importance level for expected corporate goals. Derivation of deeper conceptual findings uses the sustainable triple bottom line theory as a guide. The result indicates four major goals of corporations including the environment, maximization of economic value, and minimization of economic and social costs. This research provides ample evidence for further research in green management.

Green Management System

Green Management System (GMS) is an effort to protect the environment. With the depletion of natural resources, the protection of the environment is not only limited to a small part of its corporate social responsibility, but it must be a model in business organizations. Model GMS-oriented environment, will systematically affect the company in reducing waste, reducing the use of natural resources, reduce pollution and continuously monitoring the purpose of creating business results that were positive for all stakeholders. Modern business travel will continue to come under pressure from the environment and the realization of the company's sustainability strategy, the managers began to review the possibility of implementation of GMS in the management system of the organization; directs the management of the organization, developing technologies to reduce adverse environmental impact and develop the production of green (green production) more rational and cost-effective. Development and implementation of green policies in environmental management become an important part of the transformation of business management functions in optimizing the use of GMS to improve corporate performance and benefits for environmental sustainability. Direct implications for the development and implementation of environmental protection in the modern business organization in accordance with modern green standards and the principles of environmental sustainability and a company associated with the creation of the organization, program and structure, education and training of human resources will enable the transfer and dissemination of knowledge for environmental protection