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Environmental Proactivity and Environmental and Economic Performance: Evidence from the Winery Sector

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  • Virginia Barba-Sánchez

    (Department of Business Science, University of Castillla-La Mancha, ESII, Paseo de los Estudiantes s/n, Albacete 02006, Spain)

  • Carlos Atienza-Sahuquillo

    (Department of Business Science, University of Castillla-La Mancha, ESII, Paseo de los Estudiantes s/n, Albacete 02006, Spain)

Abstract

Environmental sustainability in the winery sector is receiving increased attention from governments, environmental groups, and consumers. The aim of this study is to explore the relationship between the degree of proactivity of a firm’s environmental strategies and its business performance. The novelty of this research work lies in its definition of business performance, which includes business environmental performance in terms of reducing the firm’s environmental impacts and eco-efficiency in the use of resources such as water, energy, and raw materials, in addition to its economic performance. A model is proposed and tested using a sample of 312 Spanish wineries. Data were analysed using partial least squares path modelling (PLS-PM). The fitness and robustness of the structural model proved adequate. The results indicate positive correlation of environmental proactivity with economic and environmental performance. Although environmental proactivity improves business performance, it has a greater impact on reducing environmental impacts and improving eco-efficiency.

Suggested Citation

  • Virginia Barba-Sánchez & Carlos Atienza-Sahuquillo, 2016. "Environmental Proactivity and Environmental and Economic Performance: Evidence from the Winery Sector," Sustainability, MDPI, vol. 8(10), pages 1-15, October.
    • Handle: RePEc:gam:jsusta:v:8:y:2016:i:10:p:1014-:d:80427
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    6. Beatriz Junquera & Virginia Barba-Sánchez, 2018. "Environmental Proactivity and Firms’ Performance: Mediation Effect of Competitive Advantages in Spanish Wineries," Sustainability, MDPI, vol. 10(7), pages 1-18, June.
    7. Ruiqian Li & Ramakrishnan Ramanathan, 2018. "Impacts of Industrial Heterogeneity and Technical Innovation on the Relationship between Environmental Performance and Financial Performance," Sustainability, MDPI, vol. 10(5), pages 1-25, May.
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    9. Shaker M. Al-Kahtani & Nabil Ahmed Mareai Senan & Ibtisam Dhuwayhi Alanazi, 2024. "Environmental Responsibility, Strategy, and Competitive Advantage: Mediating Effect of Environmental Innovation," International Journal of Energy Economics and Policy, Econjournals, vol. 14(3), pages 316-331, May.
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