Environmental management (EM) is a practical strategy because EM is looking for environmental sustainability and economical profitability simultaneously. EM has been introduced into large-scaled company since mid 1990 in Korea. Recently small- and-med...
Environmental management (EM) is a practical strategy because EM is looking for environmental sustainability and economical profitability simultaneously. EM has been introduced into large-scaled company since mid 1990 in Korea. Recently small- and-medium-sized enterprises (SMEs) are trying to practice EM, because SMEs are confronted by environmental needs from market and stakeholders. Therefore a study of proving the relationship between EM and its financial performance is helpful to SMEs` EM strategy establishment. So, this paper was conducted the practical analysis within 32 Korean steel companies. The results showed that EM companies achieve higher performance than non-EM companies in terms of economic growth, financial safety and sales volume.