Impact of Sustainable Practices on Business Performance– A Sri Lankan Perspective

Abstract

The main purpose of this paper is to determine the effect of sustainable practices (SP) on business performance (BP) of ISO 14001 EMS certified manufacturing firms of Sri Lanka. The study conducted using a questionnaire survey-based data and analysis of such data using SPSS 21 software. The major findings reveal that sustainable practices can be measured using environmental practices, corporate social responsibility practices and supplier involvement and out of those practices only supplier involvement has an influence on business performance. This paper can be considered as a complementary work for previous research as it contributes to understand the possible dimensions that can be used to measure sustainable practices(SP) and also to determine the practices that has a direct connection with the business performance (BP). Moreover, the findings are new to the Sri Lankan ISO 14001 EMS certified firms. The findings are helpful to ISO 14001 EMS certified manufacturing firms in Sri Lanka and also for the potential firms to broaden the understanding about which areas needs to be focused to enhance business performance. This research is based on the results of ISO 14001 EMS certified Sri Lankan manufacturing firms and that aspect needs to be considered in using results of this study.