Original title: Green Innovation and the Sustainability of Oil and Gas Firms in South-South, Nigeria
The study asked whether green innovationNew or improved products, ways of working, or technologies intended to be more environmentally friendly. is linked to firms doing well economically, environmentally, and socially. Researchers surveyed management staff at oil and gas companies in South-South Nigeria, and analysed 102 valid responses. Staff rated green innovation and the three kinds of sustainability using a five-point scale. The researchers found positive links between green innovation and each kind of sustainability, but the survey cannot show that innovation caused the better outcomes.
Imagine a family trying to save money, keep the kitchen clean, and make chores fair. A change that helps with one goal might make another harder, so they need to check each result separately. In this paper, green innovation is the change, and the three family goals stand for economic, environmental, and social sustainability; the survey finds that innovation is linked to all three.
Oil and gas companies affect workers, communities, the environment, and the economy. The findings suggest that eco-friendly products, processes, and technologies may support all three areas at once, giving company leaders and regulators a reason to consider policies that encourage them.
The study uses a correlational survey of 102 management-level staff, so it establishes associations, not that green innovation causes better sustainability. Its respondents come from oil and gas companies in South-South Nigeria; the abstract does not show whether the results apply to other regions or industries.
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Green Innovation and the Sustainability of Oil and Gas Firms in South-South, Nigeria — Francis O. Olisa — American Journal of Economics and Business Management
Abstract licence: CC BY
Explanation generated by Synthesis from the abstract — it is not the original paper.