Renewable energy initiatives by corporates and sustainable development – a mediation analysis
| Autor: | Abhishek N, Habeeb Ur Rahiman, Neethu Suraj, Abhinandan Kulal, Ashoka M L, M. S. Divyashree, Swapna Raghupathi |
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| Jazyk: | angličtina |
| Rok vydání: | 2024 |
| Předmět: | |
| Zdroj: | Cogent Economics & Finance, Vol 12, Iss 1 (2024) |
| Druh dokumentu: | article |
| ISSN: | 23322039 2332-2039 |
| DOI: | 10.1080/23322039.2024.2344122 |
| Popis: | AbstractCorporate efforts in eradicating environmental negativities are a significant aspect that is playing a vital role to contribute sustainable development. Renewable energy initiatives by corporations are also a trending effort through which they can promote the generation and consumption process of clean energy that helps to conserve non-renewable natural resources and contributes to the same for future generations. Therefore, the study followed both quantitative and qualitative approaches to achieve the objectives. The qualitative approach consists of content analysis of earlier literature and theories and focus group discussions for finalizing the research instrument. The research instrument was distributed to managers and academicians through e-forms, 271 responses were received and 253 completed responses were considered for further analysis. The study employed descriptive statistics, structural equation modelling, and mediation analysis techniques to draw conclusions based on the objectives. The results of the one-sample t-test revealed that the respondents positively opined that renewable energy initiatives by corporations influence sustainable development. Further, the results of structural equation modelling and mediation analysis confirmed the influence of such initiatives have an indirect influence on sustainable development, mediated by the environmental, social, and economic aspects. The outcomes of this study help industries to know the importance of such initiatives and provide inputs to design their business models based on such initiatives and also guides to frame the policies to align their operations with sustainability. Further, the outcome also helps to correlate complex relationships between corporations’ actions and sustainable development goals. Lastly, the study contributes to the existing body of knowledge on the intersection of corporations’ initiatives, renewable energy, and sustainable development. Advancing the research in this field paves the way for future research and to frame policies for fostering sustainable business practices and addressing environmental issues. |
| Databáze: | Directory of Open Access Journals |
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