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Journal : West Science Journal Economic and Entrepreneurship

Analysis of the Effect of Sustainable Business Practices on the Financial Performance of Manufacturing Companies in Jakarta: Case Study on Renewable Energy Use, Waste Management, and Environmental Economic Principles Soelistianto, Farida Arinie; Nasirly, Riri; Sudarmanto, Eko; Cahya, Darmawan Listya
West Science Journal Economic and Entrepreneurship Vol. 1 No. 12 (2023): West Science Journal Economic and Entrepreneurship
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsjee.v1i12.446

Abstract

The adoption of renewable energy, waste management methods' efficacy, the application of environmental economic concepts, and the financial performance of manufacturing enterprises in Jakarta are all examined in this study. This study examined measurement models and structural models by analyzing data from 174 organizations using Structural Equation Modeling-Partial Least Squares (SEM-PLS). The findings demonstrate that the company's profitability is considerably and favorably impacted by the use of environmental economic concepts and the deployment of renewable energy. This research highlights the significance of sustainable practices in attaining financial prosperity and provides useful guidance for companies seeking to manage the intricate terrain of ecological accountability and financial efficacy.