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• W238346345 abstract "The paper studies the environmental performance of Croatian companies regarding various impacts of environmental concern on business strategy. We analysed whether companies, whose strategy is evaluated to be significantly affected by environmental concern, in practice behave more environmentally responsibly. Environmental performance is presented by the following dimensions: (1) implementation of ISO 14000, usage of the Environmentally label (2) cleanness of technology and products/services regarding environmental impact, (3) device/equipment features and products/services features regarding prescribed technical environmental protection standards and the level of pollution versus legal permissible limits, (4) environmental impact of products/services and production/business processes of companies versus their competitors, (5) environmental advantages of products/services and production/business company's processes, (6) company's environmental protection costs and fines based on environmental protection regulations. We made a comparison of two company groups: those with a strategy evaluated to be substantially affected by environmental concern and companies whose strategy is evaluated to be affected, on average, a little or not at all. 1. THEORETICAL BACKGROUND OF THE PROBLEM The increase of the world population and the extent of their economic activities make a stronger impact on the biosphere. There is numerous evidence of serious problems going on in the biosphere. Changes in the biosphere are the result of intensive agriculture, industrialisation and technology, which include the usage of new chemicals, artificial fertilisers and materials, continuous flow of dangerous emissions (to air, earth and water) and exploitation and wasting of natural resources. These environmental issues are not only the effect of particular events that have obviously disturbed the environmental balance, but also a series of smaller events that were not perceived as harmful at first. The connection between TECHNOLOGY - ECONOMY - SOCIETY becomes clear to everyone. Technology, economy and society could not be separated from the natural environment of their activities (Kemp, Soete, 1992). In the past, companies were not sufficiently aware of the effect of their products/services or production processes on the ecosphere, and consumers had neither enough knowledge nor information about it. Environmental concern led to the necessity for an accompanying legal framework and public pressure on honouring the principle of business cleanness. Even today, some companies shut their eyes to their impact on nature. In recent years, the pressure on companies to comply with environmental regulations has increased. Public awareness and information availability has been improved through the media. Legislation and state government policies raised environmental standards and requests and introduced economic instruments for the regulation of the company-environment relationship. When undertaking some business activities, companies must make an environmental impact assessment (the approval of the assessment by the authorities is a precondition for the project realisation). Furthermore, in many developed countries, the consumers' awareness of the environment becomes one of the determinants of purchasing behaviour. There are a growing number of insurance companies excluding environmental claims from their policies, while others have reduced their covers for accidental pollution (Azzone, Bertele, 1994). Growing awareness of the environment has caused so-called green investors to emerge, as they invest their funds only in environmentally friendly companies. It is expected that the trend of institutional breech suppression and integration of environmental protection principles into politics, education and science will continue. It could become one of the major determinants of a company's external environment. It is clear today that environmental protection is part of the fundamental management issues, especially strategic. …" @default.
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• W238346345 date "2017-07-13" @default.
• W238346345 modified "2023-09-23" @default.
• W238346345 title "Environmental Performance of Croatian Companies regarding Their Strategy" @default.
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