| Title | Servitization and sustainability actions. Evidence from European manufacturing companies |
|---|---|
| ID_Doc | 29508 |
| Authors | Doni, F; Corvino, A; Martini, SB |
| Title | Servitization and sustainability actions. Evidence from European manufacturing companies |
| Year | 2019 |
| Published | |
| Abstract | Servitization is a process adopted by some industries and companies to create competitive advantage and increase the value of physical products by adding services. Manufacturing companies may decide to integrate a product service system into their activities. However, there is no clear evidence of the effects of servitization on performance or sustainability, particularly in a circular economy. The aim of this study was to assess the potential impact of servitization on sustainability in a sample of 208 European listed manufacturing companies by investigating corporate sustainability disclosure, environmental performance, and policies. Using the business descriptions in the Bloomberg database, we identified two groups of companies: "pure manufacturers" and "non-pure manufacturers." We examined potential differences in sustainability between the two groups resulting from servitization. Data were collected for the fiscal year 2016. Our findings suggest that servitization leads to improved energy consumption and therefore enhances environmental performance. However, servitization had no effect on corporate sustainability disclosure and other environmental policies such as environmental assurance, emissions reduction policies, and environmental supply chain management. |
Similar Articles
| ID | Score | Article |
|---|---|---|
73453
|
Vlckova, V; Vlcek, D; Kanovská, L Strategy of Servitization as a Tool for Achievement of Sustainable Development(2021) | |
| 78396
|
Kohtamaki, M; Bhandari, KR; Rabetino, R; Ranta, M Sustainable servitization in product manufacturing companies: The relationship between firm's sustainability emphasis and profitability and the moderating role of servitization(2024) | |
| 31981
|
Bustinza, OF; Vendrell-Herrero, F; Jabbour, CJC Integration of product-service innovation into green supply chain management: Emerging opportunities and paradoxes(2024) | |
| 32802
|
Jagani, S; Deng, XY; Hong, PC; Nejad, NM Adopting sustainability business models for value creation and delivery: an empirical investigation of manufacturing firms(2024)Journal Of Manufacturing Technology Management, 35, 2 | |
| 77113
|
Hong, P; Roh, JJ; Rawski, G Benchmarking sustainability practices: evidence from manufacturing firms(2012)Benchmarking-An International Journal, 19, 4-5 | |
| 77903
|
Hojnik, J Ecological modernization through servitization: EU regulatory support for sustainable product-service systems(2018)Review Of European Comparative & International Environmental Law, 27, 2 | |
| 73381
|
Alegoz, M; Karaer, O Compound effect of closing the loop and servitization in supply chains(2024) | |
| 77859
|
Jagani, S; Hong, PL Sustainability orientation, byproduct management and business performance: An empirical investigation(2022) | |
| 65565
|
Hollos, D; Blome, C; Foerstl, K Does sustainable supplier co-operation affect performance? Examining implications for the triple bottom line(2012)International Journal Of Production Research, 50.0, 11 | |
| 74766
|
Grekova, K; Calantone, RJ; Bremmers, HJ; Trienekens, JH; Omta, SWF How environmental collaboration with suppliers and customers influences firm performance: evidence from Dutch food and beverage processors(2016) |