Measuring and Benchmarking Corporate Environmental Performance

Corporate environmental performance is discussed in this paper. The aim of the paper is to propose a framework for an environmental performance benchmarking model. Corporate environmental performance is measured by key performance indicators (KPIs): Emissions of Greenhouse Gases, Water Consumption, Waste Production and Gross Value Added. Performance is benchmarked against the production frontier estimated by Data Envelopment Analysis. The environmental performance benchmarking model was created and tested on real corporate data. The model determines relative corporate environmental performance, identifies weaknesses in performance and quantifies performance gaps.

[1]  M. Russo,et al.  A Resource-Based Perspective On Corporate Environmental Performance And Profitability , 1997 .

[2]  Jaap Spronk,et al.  Performance benchmarking using interactive data envelopment analysis , 1999, Eur. J. Oper. Res..

[3]  Abraham Charnes,et al.  Measuring the efficiency of decision making units , 1978 .

[4]  Eva Horváthová,et al.  Does environmental performance affect financial performance? A meta-analysis , 2010 .

[5]  Stefanie Kirchhoff,et al.  Green Business and Blue Angels , 2000 .

[6]  Deanna H. Matthews.  Environmental management systems for internal corporate environmental benchmarking , 2003 .

[7]  Alena Kocmanová,et al.  The Construction of Environmental Indicators for Determination of Performance of Esg Indicators to Support Decision-Making of Investors , 2012 .

[8]  W. Meeusen,et al.  Efficiency Estimation from Cobb-Douglas Production Functions with Composed Error , 1977 .

[9]  Alena Kocmanová,et al.  Construction of the economic indicators of performance in relation to environmental, social and corporate governance (ESG) factors , 2012 .

[10]  Leena Lankoski.  Environmental and Economic Performance: The Basic Links , 2006 .

[11]  Sandra Rothenberg,et al.  Lessons from benchmarking environmental performance at automobile assembly plants , 2005 .

[12]  Joe Zhu,et al.  Quantitative Models for Performance Evaluation and Benchmarking: Data Envelopment Analysis with Spreadsheets and DEA Excel Solver , 2002 .

[13]  Zuzana Chvátalová,et al.  Corporate Sustainability Reporting and Measuring Corporate Performance , 2011, ISESS.

[14]  Damjan Krajnc,et al.  An integrated sustainability performance assessment and benchmarking of breweries , 2012, Clean Technologies and Environmental Policy.

[15]  M. Dočekalová,et al.  ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) KEY PERFORMANCE INDICATORS FOR SUSTAINABLE REPORTING , 2012 .

[16]  T. Feddersen,et al.  Saints and Markets: Activists and the Supply of Credence Goods , 2001 .

[17]  John Elkington,et al.  Partnerships from cannibals with forks: The triple bottom line of 21st‐century business , 1998 .

[18]  Jiří Hřebíček,et al.  Corporate key performance indicators for environmental management and reporting , 2011 .

[19]  D. Aigner,et al.  P. Schmidt, 1977,?Formulation and estimation of stochastic frontier production function models,? , 1977 .