Open AccessThe Impact of the Economic Crisis on the Environmental Responsibility of the Companies
Author(s) -
María del Mar Miras Rodríguez,
Bernabé EscobarPérez,
Amalia Carrasco Gallego
Publication year - 2021
Publication title -
international journal of energy and environment
Language(s) - English
Resource type - Journals
ISSN - 2308-1007
DOI - 10.46300/91012.2021.15.5
Subject(s) - business , financial crisis , corporate social responsibility , environmental crisis , affect (linguistics) , identification (biology) , social responsibility , business environment , environmental impact assessment , environmentally friendly , accounting , finance , economics , public relations , business administration , political science , ecology , philosophy , linguistics , environmental ethics , biology , law , macroeconomics
The severe economic crisis is affecting significantly to the environment in which companies have to continue with their business. Consequently, academicians and managers are worried about what is going to happen with the Social Responsibility and particularly with the Environmental Responsibility, due to the decrease in the financial performance of the companies. The aim of this paper is to study the effect of the crisis on the environmental behavior of the Spanish companies through an explicative study, deepening in the comparison between the years 2006 and 2010. As a result, Spanish companies continue carrying out behaving in an environmentally friendly way because their Environmental Scores are growing, despite the decline of the Financial Performance. Moreover, it is identified a change in the factors that affect to the environmental behavior due to the identification of less dependence on corporate financial performance.