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Green Economy: Evaluation of Malaysian Company Environmental Sustainability

Author

Listed:
  • Nor Aznin Abu Bakar

    (School of Economics, Finance and Banking, Universiti Utara Malaysia, Kedah, Malaysia,)

  • Hussin Abdullah

    (School of Economics, Finance and Banking, Universiti Utara Malaysia, Kedah, Malaysia,)

  • Fatimah Wati Ibrahim

    (School of Economics, Finance and Banking, Universiti Utara Malaysia, Kedah, Malaysia,)

  • Mohd Razani Mohd Jali

    (School of Economics, Finance and Banking, Universiti Utara Malaysia, Kedah, Malaysia.)

Abstract

This paper examines the level of environmental sustainability in Malaysia. Lack of environmental improvements is still in the debate on sustainable development. Malaysia has moved to the manufacturing industry in recent years, but has a detrimental effect on the environment due to the increase in pollution, waste and the use of natural resources rapidly. The methodology used in this paper is based on ordinary least squares estimation. The findings showed that the majority of the company s surveyed sample showed an increase in the understanding of their energy consumption, while other companies only invest to improve energy use because of legal compliance. In addition, the majority of companies to invest in the recycling and reuse of materials, the environmental friendly technology, internal training on green economy, the rest of the electorate and the purchase and use of materials with less impact simply because they believe that investment to ensure the preservation of nature around. Companies are concerned about the potential impact on the environment when they are aware of new products and services. It is also an indicator of a successful environmental sustainability in Malaysia based on the responses are analyzed from a variety of high technology-based companies operating in Kedah, Malaysia.

Suggested Citation

  • Nor Aznin Abu Bakar & Hussin Abdullah & Fatimah Wati Ibrahim & Mohd Razani Mohd Jali, 2017. "Green Economy: Evaluation of Malaysian Company Environmental Sustainability," International Journal of Energy Economics and Policy, Econjournals, vol. 7(2), pages 139-143.
    • Handle: RePEc:eco:journ2:2017-02-19
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    References listed on IDEAS

    as
    1. Robert Handfield & Robert Sroufe & Steven Walton, 2005. "Integrating environmental management and supply chain strategies," Business Strategy and the Environment, Wiley Blackwell, vol. 14(1), pages 1-19, January.
    2. Christopher Wilson & Ian David Williams & Simon Kemp, 2011. "Compliance with Producer Responsibility Legislation: Experiences from UK Small and Medium‐sized Enterprises," Business Strategy and the Environment, Wiley Blackwell, vol. 20(5), pages 310-330, July.
    3. James C. Brau & Gary M. Woller, 2004. "Microfinance: A Comprehensive Review of the Existing Literature," Journal of Entrepreneurial Finance, Pepperdine University, Graziadio School of Business and Management, vol. 9(1), pages 1-28, Spring.
    4. Hussin Abdullah & Nor Aznin Abu Bakar & Mohd Razani Mohd Jali & Fatimah Wati Ibrahim, 2017. "The Current State of Malaysia s Journey towards a Green Economy: The Perceptions of the Companies on Environmental Efficiency and Sustainability," International Journal of Energy Economics and Policy, Econjournals, vol. 7(1), pages 253-258.
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    Cited by:

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    2. Valeria Ferreira Gregorio & Laia Pié & Antonio Terceño, 2018. "A Systematic Literature Review of Bio, Green and Circular Economy Trends in Publications in the Field of Economics and Business Management," Sustainability, MDPI, vol. 10(11), pages 1-39, November.
    3. Rohaida Abdul Latif & Nurul Huda Yahya & Kamarun Nisham Taufil Mohd & Hasnah Kamardin & Arifatul Husna Mohd Ariffin, 2020. "The Influence of Board Diversity on Environmental Disclosures and Sustainability Performance in Malaysia," International Journal of Energy Economics and Policy, Econjournals, vol. 10(5), pages 287-296.

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    More about this item

    Keywords

    Green Economy; Environmental Sustainability; Malaysian Company;
    All these keywords.

    JEL classification:

    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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