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Managing corporate environmental performance:: A multinational perspective

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  • Epstein, Marc
  • Roy, Marie-Josée

Abstract

In the environmental arena, multinational companies are faced with important strategic decisions that will set a direction for their corporate environmental performance. As part of their environmental strategy, they must decide whether they will adopt a global company standard or otherwise adapt their standard to meet local requirements. These are important issues that will affect the company's long term financial health. Managers deciding upon a strategy need an appropriate framework to evaluate and weight the long term impacts of their decisions. The article highlights some of the strategic issues surrounding environmental management for multinational companies and proposes key elements for implementing an environmental strategy worldwide. The ISO 14001 standard is also presented as a framework for improved corporate environmental management in a multinational perspective.

Suggested Citation

  • Epstein, Marc & Roy, Marie-Josée, 1998. "Managing corporate environmental performance:: A multinational perspective," European Management Journal, Elsevier, vol. 16(3), pages 284-296, June.
    • Handle: RePEc:eee:eurman:v:16:y:1998:i:3:p:284-296
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    Citations

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    Cited by:

    1. Richard Perkins & Eric Neumayer, 2009. "How do domestic attributes affect international spillovers of CO2-efficiency?," GRI Working Papers 8, Grantham Research Institute on Climate Change and the Environment.
    2. Tatoglu, Ekrem & Bayraktar, Erkan & Sahadev, Sunil & Demirbag, Mehmet & Glaister, Keith W., 2014. "Determinants of voluntary environmental management practices by MNE subsidiaries," Journal of World Business, Elsevier, vol. 49(4), pages 536-548.
    3. Maria Jell‐Ojobor & Aveed Raha, 2022. "Being good at being good—The mediating role of an environmental management system in value‐creating green supply chain management practices," Business Strategy and the Environment, Wiley Blackwell, vol. 31(5), pages 1964-1984, July.
    4. Soh Hyun Chu & Hongsuk Yang & Mansokku Lee & Sangwook Park, 2017. "The Impact of Institutional Pressures on Green Supply Chain Management and Firm Performance: Top Management Roles and Social Capital," Sustainability, MDPI, vol. 9(5), pages 1-21, May.
    5. Kaveh Asiaei & Ruzita Jusoh & Omid Barani & Arash Asiaei, 2022. "How does green intellectual capital boost performance? The mediating role of environmental performance measurement systems," Business Strategy and the Environment, Wiley Blackwell, vol. 31(4), pages 1587-1606, May.
    6. Richard Perkins & Eric Neumayer, 2012. "Do recipient country characteristics affect international spillovers of CO 2 -efficiency via trade and foreign direct investment?," Climatic Change, Springer, vol. 112(2), pages 469-491, May.
    7. Marc J. Epstein & Marie‐Josée Roy, 2007. "Implementing a corporate environmental strategy: establishing coordination and control within multinational companies," Business Strategy and the Environment, Wiley Blackwell, vol. 16(6), pages 389-403, September.
    8. Mei-Chee Tan & Tuan-Hock Ng & Ying-San Lim & Chun-Teck Lye & Hishamuddin Ismail, 2018. "Modeling the Impacts of Corporate Environmental Responsibility on Information and Communication Technology -waste Management," International Journal of Energy Economics and Policy, Econjournals, vol. 8(4), pages 347-355.
    9. Ioannis E. Nikolaou, 2019. "A Framework to Explicate the Relationship Between CSER and Financial Performance: an Intellectual Capital-Based Approach and Knowledge-Based View of Firm," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 10(4), pages 1427-1446, December.
    10. Yu‐Xiang Yen, 2018. "Buyer–supplier collaboration in green practices: The driving effects from stakeholders," Business Strategy and the Environment, Wiley Blackwell, vol. 27(8), pages 1666-1678, December.
    11. Yang Liu & Peng Cheng & Li Hu, 2022. "How do justice and top management beliefs matter in industrial symbiosis collaboration: An exploratory study from China," Journal of Industrial Ecology, Yale University, vol. 26(3), pages 891-906, June.
    12. Erik G. Hansen & Stefan Schaltegger, 2016. "The Sustainability Balanced Scorecard: A Systematic Review of Architectures," Journal of Business Ethics, Springer, vol. 133(2), pages 193-221, January.
    13. Anis Chariri & Indira Januarti & Etna Nur Afri Yuyetta, 2017. "Firm Characteristics, Audit Committee, and Environmental Performance: Insights from Indonesian Companies," International Journal of Energy Economics and Policy, Econjournals, vol. 7(6), pages 19-26.
    14. Therese Fagerlind & Martin Stefanicki & Andreas Feldmann & Jouni Korhonen, 2019. "The Distribution of Sustainable Decision-Making in Multinational Manufacturing Enterprises," Sustainability, MDPI, vol. 11(18), pages 1-17, September.
    15. Jan Alpenberg & Tomasz Wnuk-Pel & Amanda Henebäck, 2018. "Environmental Orientation in Swedish Local Governments," Sustainability, MDPI, vol. 10(2), pages 1-21, February.
    16. Roger Leonard Burritt & Katherine Leanne Christ & Hussain Gulzar Rammal & Stefan Schaltegger, 2020. "Multinational Enterprise Strategies for Addressing Sustainability: the Need for Consolidation," Journal of Business Ethics, Springer, vol. 164(2), pages 389-410, June.
    17. Heggen, Campbell, 2019. "The role of value systems in translating environmental planning into performance," The British Accounting Review, Elsevier, vol. 51(2), pages 130-147.
    18. Peter Oberhofer & Elmar Fürst, 2013. "Sustainable Development in the Transport Sector: Influencing Environmental Behaviour and Performance," Business Strategy and the Environment, Wiley Blackwell, vol. 22(6), pages 374-389, September.
    19. Stefano Garzella & Raffaele Fiorentino, 2013. "How to control environmental strategy?," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2013(1), pages 45-76.
    20. Yu-Shu Peng & Shing-Shiuan Lin, 2009. "National Culture, Economic Development, Population Growth and Environmental Performance: The Mediating Role of Education," Journal of Business Ethics, Springer, vol. 90(2), pages 203-219, December.
    21. Ye, Fei & Zhao, Xiande & Prahinski, Carol & Li, Yina, 2013. "The impact of institutional pressures, top managers' posture and reverse logistics on performance—Evidence from China," International Journal of Production Economics, Elsevier, vol. 143(1), pages 132-143.
    22. Gun Jea Yu & Seung-Yoon Rhee, 2015. "Effect of R&D Collaboration with Research Organizations on Innovation: The Mediation Effect of Environmental Performance," Sustainability, MDPI, vol. 7(9), pages 1-19, August.

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