Sustainability and Business Performance

Cedric L. Char

Sustainability and Business Performance

Cedric L. Char

Research output: Thesis › Honors Thesis

Abstract

With climate change becoming more and more of an ominous reality, the concept of sustainability is gaining more and more traction, throughout both consumers and businesses. Companies that have implemented “green” initiatives have found that there are various potential benefits that can be derived from these sustainable practices. This study aims to quantify those benefits and examine how sustainable businesses perform in comparison to their non-sustainable counterparts. Using Newsweek’s Green Rankings, and several statistical tests, it was found that there are no statistically significant differences between sustainable firms and non-sustainable firms, showing that while sustainability may not yield any short-term benefits, there are also no additional costs incurred to implement sustainable practices.

Original language	English
Awarding Institution	Loyola Marymount University
Supervisors/Advisors	Spizman, Joshua D, Advisor
State	Published - Mar 19 2016
Externally published	Yes

Access to Document

http://digitalcommons.lmu.edu/honors-thesis/112

Cite this

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title = "Sustainability and Business Performance",

abstract = "With climate change becoming more and more of an ominous reality, the concept of sustainability is gaining more and more traction, throughout both consumers and businesses. Companies that have implemented “green” initiatives have found that there are various potential benefits that can be derived from these sustainable practices. This study aims to quantify those benefits and examine how sustainable businesses perform in comparison to their non-sustainable counterparts. Using Newsweek{\textquoteright}s Green Rankings, and several statistical tests, it was found that there are no statistically significant differences between sustainable firms and non-sustainable firms, showing that while sustainability may not yield any short-term benefits, there are also no additional costs incurred to implement sustainable practices.",

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N2 - With climate change becoming more and more of an ominous reality, the concept of sustainability is gaining more and more traction, throughout both consumers and businesses. Companies that have implemented “green” initiatives have found that there are various potential benefits that can be derived from these sustainable practices. This study aims to quantify those benefits and examine how sustainable businesses perform in comparison to their non-sustainable counterparts. Using Newsweek’s Green Rankings, and several statistical tests, it was found that there are no statistically significant differences between sustainable firms and non-sustainable firms, showing that while sustainability may not yield any short-term benefits, there are also no additional costs incurred to implement sustainable practices.

AB - With climate change becoming more and more of an ominous reality, the concept of sustainability is gaining more and more traction, throughout both consumers and businesses. Companies that have implemented “green” initiatives have found that there are various potential benefits that can be derived from these sustainable practices. This study aims to quantify those benefits and examine how sustainable businesses perform in comparison to their non-sustainable counterparts. Using Newsweek’s Green Rankings, and several statistical tests, it was found that there are no statistically significant differences between sustainable firms and non-sustainable firms, showing that while sustainability may not yield any short-term benefits, there are also no additional costs incurred to implement sustainable practices.

M3 - Honors Thesis

T3 - Honors Thesis

ER -