Sustainability practices in industrial companies and their relationship with export performance
DOI:
https://doi.org/10.24215/23143738e129Keywords:
energy, exports, manufacturing, sustainability practices, performance, corporate social responsibilityAbstract
Sustainability practices reflect companies' concern about their green environment, and, although several years have passed since the first publication of the millennium development goals, many companies are just beginning a long process of implementing sustainability policies. This analysis seeks to establish how sustainability practices positively affect the corporate performance of organizations in the manufacturing sector in Colombia, recognizing, in addition, the important role of exports to mediate this relationship, where sustainability would have a double benefit: external impact and economic benefit for the company. 1570 manufacturing companies with sustainability practices related to reduction of energy consumption, reduction in raw materials and use of waste, located in different industrial subsectors were taken for this study. Finally, the implications for the corporate sustainability policy and the possible effects for the sectors that have difficulties in implementing appropriate sustainability practices are explained.
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