Environmentally Benign Technologies; Environmental Policy; Eco-Innovation; Financial Performance; Pulp and Paper
Addressing a paucity of research about industrial adoption of environmentally benign technologies in Africa and, more generally, in tropical developing countries, we examined the Nigerian pulp and paper industry as a case study. Qualitative interviews with twenty upper echelon executives representing five Nigerian firms challenge conventional expectations that energy intensive industries in developing markets operate amid highly pollution-intensive conditions, within weak or non-existent formal environmental regulatory frameworks, and with limited institutional capacity. Our findings suggest a strong positive relationship between cleaner technology use and corporate financial performance of African industrial firms. Our study also suggests the adoption of classical ‗win-win‘ integrated preventive environmental strategy, eco-efficiency and green productivity which improves industrial efficiency and profitability. Nigerian pulp and paper firms are shown to have moved beyond end-of-pipe technologies and cleaner technologies and adopted industrial ecology and ―zero emission‖ principles with appropriate reuse of the remaining waste streams turning the production system into a sustainable industrial ecosystem.
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