The Relationship between Corporate Sustainability and Firm Financial Performance
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چکیده
We conducted a longitudinal, quasi-experimental study in which we explored the effects of corporate sustainability on firm financial performance. We compared financial performance in 494 facilities of a large financial firm by comparing those that received third-party certification for their environmental practices (i.e., LEED certification) to those that have not. Analyses revealed three key finings: (a) environmental practices are positively related to an increase of household consumer business, (b) environmental practices had a stronger impact on consumer accounts than business accounts, and (c) utility costs were lower for green facilities. These findings are also discussed in light of their implications.
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