SEM analysis on Global Fortune 500 Corporations with green ratings

This paper aims to determine the relationships, if any, between the green ratings, deemed as eco-efficiency by employing a structural equations model (SEM) to determine the relationship between the Newsweek Green Rankings and the Global Fortune 500 Corporations. The methodology includes the analysis...

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Bibliographic Details
Published in:Energy efficiency 2020-08, Vol.13 (6), p.1135-1145
Main Authors: García-Piña Rosete, Juan Carlos, Hernandez Barros, Rafael, Blanco-Jiménez, Mónica
Format: Article
Language:English
Subjects:
Economics
Economics and Management
Empirical analysis
Energy
Energy Efficiency
Energy Policy
Environment
Environmental Economics
Original Article
Profitability
Ratings
Renewable and Green Energy
Social factors
Social responsibility
Sustainable Development
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Summary:This paper aims to determine the relationships, if any, between the green ratings, deemed as eco-efficiency by employing a structural equations model (SEM) to determine the relationship between the Newsweek Green Rankings and the Global Fortune 500 Corporations. The methodology includes the analysis of four sustainability variables and four social responsibility variables evaluated in the Newsweek Green Rankings to study if there is a relationship between the implementation of such variables and the operational profitability performance and the possibility of the reduction of adverse risk effects in their continued operations. The objective of this paper is to provide empirical evidence that states the benefit of implementing eco-efficiency variables in their operations.
ISSN:1570-646X
1570-6478
DOI:10.1007/s12053-020-09876-2