Does corporate social performance reduce greenhouse gas emissions at the macro level?

Johan Graafland, Paul Hudson, Jonas Werner

Research output: Contribution to journalArticleScientificpeer-review

Abstract

Corporate social performance (CSP) is assumed to have a positive impact on
macroeconomic sustainability, but empirical evidence of this impact is absent in the
literature. The objective of this paper is to investigate the macro impacts of CSP. We
first establish a conceptual framework on the relationship between CSP at the individual business level and sustainability at the macro level. Next, we empirically test the relationship between (averaged) CSP scores and greenhouse gas emissions at the macro level for 22 countries during 20042011. We use Granger causality tests to check for Granger causality. The estimation results show that CSP reduces greenhouse gas emissions, but the long-term effect is rather modest.
Original languageEnglish
Pages (from-to)203-221
Number of pages20
JournalJournal of Environmental Planning and Management
Volume59
Issue number2
Early online date16 Feb 2015
DOIs
Publication statusPublished - 2016

Fingerprint

macro level
Gas emissions
Greenhouse gases
Macros
greenhouse gas
sustainability
Granger causality test
Sustainable development
conceptual framework
performance
causality
Industry
evidence
test
long-term effect

Keywords

  • corporate social performance
  • diffusion
  • greenhouse gas emissions
  • macro impact

Cite this

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title = "Does corporate social performance reduce greenhouse gas emissions at the macro level?",
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Does corporate social performance reduce greenhouse gas emissions at the macro level? / Graafland, Johan; Hudson, Paul; Werner, Jonas.

In: Journal of Environmental Planning and Management, Vol. 59, No. 2, 2016, p. 203-221.

Research output: Contribution to journalArticleScientificpeer-review

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AB - Corporate social performance (CSP) is assumed to have a positive impact onmacroeconomic sustainability, but empirical evidence of this impact is absent in theliterature. The objective of this paper is to investigate the macro impacts of CSP. Wefirst establish a conceptual framework on the relationship between CSP at the individual business level and sustainability at the macro level. Next, we empirically test the relationship between (averaged) CSP scores and greenhouse gas emissions at the macro level for 22 countries during 20042011. We use Granger causality tests to check for Granger causality. The estimation results show that CSP reduces greenhouse gas emissions, but the long-term effect is rather modest.

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