Environmental Sustainability Commitment and Financial Performance of Firms Listed on the Johannesburg Stock Exchange (JSE)

Dzomonda, Obey; Fatoki, Olawale

doi:10.3390/ijerph17207504

Cited by 24 publications

(14 citation statements)

References 55 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…It was observed that the response to a call for environmental sustainability undertaking regarding compliance and reporting by listed companies is slow and consequently some companies indulge in fraudulent activities as well as greenwashing to get away with environmental commitment (Dzomonda & Fatoki, 2020). Against this backdrop, it was noted that a few companies remain highly environmentally sustainable in comparison with those that are not committed to environmental sustainability (Kiron, Unruh, Kruschwitz, Reeves, Rubel & Felde, 2017).…”

Section: Progress Made By South African Listed Companies On Sustainab...mentioning

confidence: 99%

“…The lack of standards to ensure uniformity in sustainability reporting leads to some companies cheating as they report on ESG issues. Dzomonda and Fatoki (2020) indicated that some companies indulge in fraudulent activities as they prepare their integrated reports. Some also indulge in greenwashing, a way of marketing their company giving the impression that their company is environmentally friendly.…”

Section: Measuring a Company's Sustainability Is A Challenge Because ...mentioning

confidence: 99%

“…The concept has gained notable global attention in recent years as a tool to combat financial crisis. Looking at industrial players and sustainability, Dzomonda and Fatoki (2020) argued that business activities for listed companies such as transport, heating of offices and mining contribute towards environmental pollution intensively. Hence this chapter sought to identify the sustainable accounting principles employed by South African listed companies as they adopt the green economy.…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Sustainability: The adoption of green economy and sustainable accounting principles by South African listed companies and lessons learnt

Denhere

2022

IJRBS

View full text Add to dashboard Cite

The globe is facing challenges such as wars, poverty, injustice, environmental degradation, inequality, and climate change. These challenges have unsettled man in his habitation on the globe thereby prompting the United Nations to engage all nations to unite in addressing these global challenges. The interaction of the United Nations with the global community led to the understanding that eradicating poverty must be coupled with strategies that promote economic growth whilst addressing a myriad of social needs as well as climate change and environmental issues. Amongst the strategies to tackle the global challenges indicated above are sustainable accounting and the green economy. As members of the global community, South African listed companies also have a role to play in combating sustainability challenges. This paper contributes to the literature on sustainability, particularly on the adoption of the green economy and sustainable accounting by listed companies in the South African context as well as lessons learned in the process.

show abstract

Section: Progress Made By South African Listed Companies On Sustainab...mentioning

confidence: 99%

Section: Measuring a Company's Sustainability Is A Challenge Because ...mentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Sustainability: The adoption of green economy and sustainable accounting principles by South African listed companies and lessons learnt

Denhere

2022

IJRBS

View full text Add to dashboard Cite

show abstract

“…The existing literature delves constantly into the factors influencing financial performance and singles out liquidity, working capital (Akgün and Memiş Karataş 2020), corporate governance (Abdo and Fisher 2007;Coleman and Wu 2020) or environmental sustainability commitment (Dzomonda and Fatoki 2020), to mention but a few. For instance, El-Ansary and Al-Gazzar (2020) examined the degree to which net working capital drove company profitability for 134 companies operating in 12 countries from Middle East and North Africa (MENA) during the period 2013-2019.…”

Section: Literature Reviewmentioning

confidence: 99%

The Nexus between Financial Performance and Equilibrium: Empirical Evidence on Publicly Traded Companies from the Global Financial Crisis Up to the COVID-19 Pandemic

Bătrâncea

2021

JRFM

View full text Add to dashboard Cite

Financial performance and financial equilibrium are two key aspects that should be monitored by any business manager interested in passing the test of time and overcoming unpredictable events such as economic crises. The organic link between financial performance and financial equilibrium has rarely been studied in the long run for companies listed on the stock market. The present article fills this gap in the literature by examining the degree to which financial performance influenced long-term financial equilibrium using data from 34 major companies publicly traded on the New York Stock Exchange and operating around the world in a wide variety of industries and sectors. The period of analysis spread over a decade (2007Q1–2020Q3) in order to cover two major crises that have marked the dawn of the third millennium and occurred relatively close to one another: the 2008 financial meltdown and the COVID-19 pandemic crisis. By means of panel data modelling, the study showed that the short-term and long-term financial equilibria of these public companies measured by current ratio, quick ratio and debt to equity ratio were significantly impacted by different financial performance indicators. The study addresses various implications of the empirical results and lays out avenues for future research.

show abstract

“…Considering the Global South, a lot more progress of businesses towards sustainable development is required within the policy-science spectrum which is gradually growing [22]. For instance, in South Africa, Dzomonda and Fatoki [23] have reported that the Johannesburg Stock Exchange (JSE) now regulates the reporting of listed firms' environmental performance as part of regulatory demands for sustainability reporting, and it is ascertained that firms committed to environmental investment are likely to enhance their environmental performance. Also, Africa's Development Agenda (2063) and the Global Sustainability Agenda (2030) have provided frameworks that can help map the consequences of corporate organizations' commitments and practices against broader socio-environmental goals [24].…”

Section: Setting the Agenda: Sustainability And The Expected Role Of Corporate Entitiesmentioning

confidence: 99%

The consumer goods sector and the sustainability agenda in Ghana: a review of sustainability commitments

Abubakari

Thuranira

2021

Discov Sustain

View full text Add to dashboard Cite

Corporate entities are expected to show a great commitment to the sustainability agenda in response to the Sustainable Development Goal (SDG)-12—‘Ensure sustainable consumption and production patterns’ by 2030. This study, therefore, analyses the sustainability commitments of two major consumer goods companies in Ghana; Unilever Ghana Limited, and PZ Cussons Ghana Limited. It uses the traditional qualitative literature review approach to identify and evaluate the varying commitments of the two entities through an analytic lens of the Sustainable Business Model (SBM) archetypes. The findings indicate that of the eight archetypes, Unilever Ghana Limited is committed to four of the archetypes—1, 3, 6, and 8—whereas PZ Cussons Ghana Limited’s commitments align with five of the archetypes—1, 2, 5, 6, and 8. This indicates a defining step in their sustainability commitments moving forward, however, the translation of the commitments of the two companies into actualities calls for a concerted effort involving the State, civil society, the academic community, and the entities themselves.

show abstract

Environmental Sustainability Commitment and Financial Performance of Firms Listed on the Johannesburg Stock Exchange (JSE)

Cited by 24 publications

References 55 publications

Sustainability: The adoption of green economy and sustainable accounting principles by South African listed companies and lessons learnt

Sustainability: The adoption of green economy and sustainable accounting principles by South African listed companies and lessons learnt

The Nexus between Financial Performance and Equilibrium: Empirical Evidence on Publicly Traded Companies from the Global Financial Crisis Up to the COVID-19 Pandemic

The consumer goods sector and the sustainability agenda in Ghana: a review of sustainability commitments

Contact Info

Product

Resources

About