Please use this identifier to cite or link to this item: https://hdl.handle.net/10321/4656
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dc.contributor.authorAliamutu, Kansilembo Freddyen_US
dc.contributor.authorBhana, Anrushaen_US
dc.contributor.authorSuknunan, Sachinen_US
dc.date.accessioned2023-03-08T13:08:43Z-
dc.date.available2023-03-08T13:08:43Z-
dc.date.issued2023-03-
dc.identifier.citationAliamutu, K.F., Bhana, A. and Suknunan, S. 2023. The impact of environmental costs on financial performance: an explorative analysis of two plastic companies. Environmental Economics, 14(1), 13-23. doi:10.21511/ee.14(1).2023.02en_US
dc.identifier.issn1998-6041-
dc.identifier.issn1998-605X-
dc.identifier.urihttps://hdl.handle.net/10321/4656-
dc.description.abstractThere is little research on the impact of environmental costs on plastic manufacturing companies’ financial performance and sustainability. This paper aims to explore the relationship between environmental costs and financial performance of two large national plastic manufacturing companies, namely Bowler Metcalf Limited (BML) and Nampak Ltd, between 2018 and 2019 since research allows for five year old information. Further, the study used pre-Covid-19 data to conceptualize. It adopted a qualitative method of inquiry using content analysis to analyze the financial statements and reports of the two companies (secondary data analysis) available in the public domain. The interpretative analysis further supported the analysis and interpretation of the two variables of environmental costs and financial performance. The results showed a positive relationship between environmental costs and profits in the financial statements of these two companies during 2018 and 2019. BML had a decrease in plastic penalties from R 23.171 million in 2018 to R 14.596 million in 2019, which supported a reduction in spending on legal and constructive obligation items. Nampak also decreased stakeholders’ equity from R 10,140.3 million in 2018 to R 8,932.33 million in 2019, which meant that the stakeholders’ equity funds were reduced, possibly due to reduced spending on environmental costs during that period. It can be concluded and established that when these two plastic companies spend more on environmental costs, this positively affects overall financial performance and improves financial sustainability. It is recommended to allocate more resources/funding to support environmental costs to increase the profitability of the two plastic manufacturing companies.en_US
dc.format.extent12 pen_US
dc.language.isoenen_US
dc.publisherLLC “Consulting Publishing Company “Business Perspectives"en_US
dc.relation.ispartofEnvironmental Economics ; Volume 14, 2023en_US
dc.subjectFinancial reportingen_US
dc.subjectFinancial sustainabilityen_US
dc.subjectEnvironmental Costsen_US
dc.subjectFinancial performanceen_US
dc.subjectContent Analysisen_US
dc.titleThe impact of environmental costs on financial performance : an explorative analysis of two plastic companiesen_US
dc.typeArticleen_US
dc.identifier.doihttp://dx.doi.org/10.21511/ee.14(1).2023.02-
item.grantfulltextopen-
item.openairetypeArticle-
item.languageiso639-1en-
item.openairecristypehttp://purl.org/coar/resource_type/c_18cf-
item.cerifentitytypePublications-
item.fulltextWith Fulltext-
Appears in Collections:Research Publications (Accounting and Informatics)
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