EVOLUTION FROM ECO-FRIENDLY SOLUTIONS IMPLEMENTATION IN AN ENTERPRISE

Dzintra Atstaja, Rozita Susniene, Grazina Startiene, Leonids Gabrevics

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

Lately, it has become rather popular to change a business so that it is environmentally-friendly and sustainable. There is a plethora of information available to the general public that describes the advantages of such an operating model, but somehow very few sources providing a clear description of how a business can estimate the financial benefit from the transition to a "green" model. This research has the goal of reviewing and summarizing fragmented information to create a comprehensive guide to estimate the benefits and planning for organizations considering turning "green". The research can be split into three virtual parts. The first part is a critical review of fundamental information sources. The second part is devoted to the public resources that currently exist, which monitor and provide statistics regarding business resource consumption. The third part evaluates which of the existing financial ratios and indications can be used to monitor implemented eco-solution performance and planning. The result of this research is a guideline on estimating the benefits from the implementation of eco-friendly solutions for SMEs that are considering investing their resources into this area. Publicly-available information from Lithuanian and Latvian sources were frequently used.
Original languageEnglish
Title of host publicationRURAL DEVELOPMENT AND ENTREPRENEURSHIP BIOECONOMY PRODUCTION AND CO-OPERATION IN AGRICULTURE
Subtitle of host publicationProceedings of the International Scientific Conference
EditorsA. Audziņa
Place of PublicationJelgava
PublisherLatvia University of Life Sciences and Technologies
Pages21-28
ISBN (Print)978-9984-48-260-6
Publication statusPublished - 2017
Externally publishedYes
EventInternational Scientific Conference on Economic Science for Rural Development - Jelgava, Latvia
Duration: 27 Apr 201728 Apr 2017

Publication series

Name Economic Science for Rural Development
Number44

Conference

ConferenceInternational Scientific Conference on Economic Science for Rural Development
Abbreviated titleESRD
Country/TerritoryLatvia
CityJelgava
Period27/04/1728/04/17

Keywords

  • benefits
  • environmentally-friendly
  • evaluation
  • business
  • decision

Field of Science

  • 5.2 Economy and Business

Publication Type

  • 3.1. Articles or chapters in proceedings/scientific books indexed in Web of Science and/or Scopus database

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