Munich Personal RePEc Archive

Corporate environmental management and GHG emissions changes: Empirical study of multinational automobile companies

Rensfeldt, Arvid and Pariyawong, Vorapat and Fujii, Hidemichi (2015): Corporate environmental management and GHG emissions changes: Empirical study of multinational automobile companies.

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Abstract

This study investigates and compares the financial and environmental performance development of two major car manufacturing companies, Volvo Car Corporation and Hondo Motor Corporation, over the last decade. These two companies consist of one with close historical ties and most of its business in Asia and one mainly located in Europe but that is in the process of expanding production in the Asian region. Using data mainly from corporate reports to perform a decomposition analysis, it is shown that these companies have both undertaken measures to decrease their environmental impacts but in different manners and that Volvo Car Corporation has been more successful in lowering its emissions of greenhouse gas (GHG) over the studied period. The difference in the strategies chosen to reduce environmental impact and the results from the measures taken are believed to have been caused mainly by the innate differences between the European and Asian energy markets, as well as the more stringent demands of stakeholders and legislation in Europe.

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