Submitted by Dr Frank Tietze on Fri, 12/01/2024 - 17:17
The relevance of tackling climate change and environmental degradation is increasing, so companies must also become more sustainable. Since more than ¼ of the worldwide emission consumption is generated from industries, green manufacturing (GM) becomes even more relevant. The approach aims to improve the environmental performance at production, for instance, through less waste or better energy performance.
Even though prior research primarily investigated the impact on the company’s financial or environmental indicators, we wonder whether it also impacts innovation performance. In the past, insightful research has been conducted surrounding green patents, especially regarding the impact of green innovation on environmental performance. However, we believe there is more to learn, particularly regarding the relationship between GM and green patents.
In this project we explore how green manufacturing orientation (GMO) relates to the patenting behaviour of firms, respectively their investments in climate technologies. For this project we measure green manufacturing orientation (GMO) through content analysis. We develop a new dictionary using keywords extracted from annual reports of companies that have been part of the U.S. Standard & Poor’s (S&P) 500 index at least once from 2010 to 2022. We use patent data, particularly the Y02 classification, including climate change mitigation and adaptation technologies.
Project team: Kristin Gisa, David Bendig, Frank Tietze
Project partners: IIPM Lab in collaboration with the Center for Management, University of Muenster (Germany)