“…The effects of sustainability on business performance have been the subject of research by numerous authors (Epstein & Roy, 2001;Maron, 2006;Wu, 2006;Li, Choi, & Chow, 2015;Morioka & Carvalho, 2016;Hussain, Rigoni & Cavezzali, 2018;Ahmad & Wong, 2018;Nizamuddin, 2018;Jung, Nam, Jang & Kim, 2018;El-Khalil & El-Kassar, 2018;Budsaratragoon & Jitmaneeroj, 2019). Epstein & Roy (2001) point out that a formal sustainability program can lead to cost reductions through better material management, lower energy consumption, waste reduction and the like.…”