Corporate Environmentalism and Business Sustainability in Ghana: Prospects and Challenges
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43410%2F25%3A43926348" target="_blank" >RIV/62156489:43410/25:43926348 - isvavai.cz</a>
Result on the web
<a href="https://doi.org/10.1002/bsd2.70057" target="_blank" >https://doi.org/10.1002/bsd2.70057</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1002/bsd2.70057" target="_blank" >10.1002/bsd2.70057</a>
Alternative languages
Result language
angličtina
Original language name
Corporate Environmentalism and Business Sustainability in Ghana: Prospects and Challenges
Original language description
The concept of corporate environmentalism (CE) has gained a lot of global attention in recent years as a potential vehicle to achieve sustainable development. Despite the growing awareness of its importance, there is limited empirical research on the current state of sustainability practices and their implementation among businesses in Ghana. Using a multiple case study design grounded in the qualitative approach, the study dwells on desk reviews of existing literature, corporate sustainability reports, and 10 key informant interviews including policymakers, regulators, academics, and practitioners from diverse industries; this study seeks to examine the (i) drivers and motivators, (ii) prospects, (iii) challenges, and (iv) approaches to scale up CE in Ghana. The results of the study revealed that branding, alignment with the sustainable development agenda, commitment to climate action, stakeholder and regulatory pressure, business resilience, and competitiveness are key drivers motivating companies to adopt environmental sustainability practices. The study identified prospects of CE for companies in Ghana including market demand and consumer awareness. Cost savings and operational efficiency offer significant potential, and access to finance presents opportunities for green initiatives. Reputation and brand enhancement are achievable through sustainability efforts but require consistent communication and stakeholder engagement. However, despite growing momentum, companies face challenges including financial constraints, limited access to environmentally friendly technologies, lack of technical expertise, and weak enforcement of environmental regulations. To overcome these obstacles, the article proposes a number of strategies to advance CE in Ghana.
Czech name
—
Czech description
—
Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
—
OECD FORD branch
50704 - Environmental sciences (social aspects)
Result continuities
Project
—
Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2025
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Business Strategy and Development
ISSN
2572-3170
e-ISSN
2572-3170
Volume of the periodical
8
Issue of the periodical within the volume
1
Country of publishing house
US - UNITED STATES
Number of pages
16
Pages from-to
"e70057"
UT code for WoS article
001393004500001
EID of the result in the Scopus database
2-s2.0-85214979056