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ENVIRONMENTAL CONSCIOUSNESS AS A FACTOR WHICH PROMOTES FIRM GREEN INVESTMENT PRACTICES IN JOHANNESBURG STOCK EXCHANGE (JSE) LISTED FIRMS

Fortune Ganda, Collins C Ngwakwe, Cosmas M Ambe

DOI: 10.22495/cocv12i4c4p2

Abstract

Heightening consciousness concerning natural environmental issues has also resulted in high pressure on firms to introduce green friendly programs. This study explored the relationship between environmental consciousness and green investment practices in 100 South African CDP firms on the JSE over a period of 5 years (that is, 2010 to 2014). The paper analysed the data using Chi-square tests and the results demonstrates that environmental consciousness influences green investment activities in JSE listed companies. Furthermore, a positive direct relationship involving environmental consciousness and green investment activities was ascertained. The paper also produced common and major indicators of environmental consciousness for the firms under study. A brief discussion on corporate views from selected JSE listed firms in relation with environmental consciousness was also implemented.

Keywords: Environmental Consciousness; Green Investment Practices; JSE Listed Firms; South Africa; Carbon Disclosure Project (CDP)

How to cite this paper: Ganda, F., Ngwakwe, C. C., & Ambe, C. M. (2015). Environmental consciousness as a factor which promotes firm green investment practices in Johannesburg stock exchange (JSE) listed firms. Corporate Ownership & Control, 12(4-4), 440-450. http://doi.org/10.22495/cocv12i4c4p2

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