Beyond the Bottom Line: An Impact of CO2 Emissions and R&D on Corporate Sustainability in India

Title

Beyond the Bottom Line: An Impact of CO2 Emissions and R&D on Corporate Sustainability in India

Creator

Srivastava, Surbhi; Singh, Shanu; Kaur, Harpreet

Description

This paper evaluates the progress of Indian companies in adopting sustainable business practices, specifically focusing on carbon emissionsCarbon emission and research and development (R&D). It aligns with the United Nations Sustainable DevelopmentSustainable development Goals (SDGsSDGs), particularly SDG 9SDG 9, which aims to foster innovation, build resilient infrastructureInfrastructure, and promote sustainable industrialization. The study focuses on key targets, including CO2 emissions per unit of value-added, enhanced research and upgraded industrial technologyTechnology, and R&D expenditure. The research aims to assess company policies on carbon emissionsCarbon emission and analyze their investment in research related to this issue. The present research adopted a descriptive research design using secondary data from cement manufacturing companies to analyze the relationship between R&D spending and its impact on carbon emissionsCarbon emission from 2017 to 2022. A convenient sampling method was used to select the sample, and statistical methods such as correlation and regression analysis were applied to assess the relationship between the variables. The study has identified a twofold relationshipqualitative and quantitative between companies R&D spending and carbon emissionsCarbon emission within the framework of Sustainable DevelopmentSustainable development Goal 9. Focusing on cement manufacturing companies from 2017 to 2022, the findings show that increased R&D spending significantly reduces emissions by improving manufacturing processes through advanced technologyTechnology and machinery. However, the study is limited by the lack of detailed data on specific carbon-related R&D investments, making it challenging to gauge the exact impact. The precise proportion of R&D funds dedicated to reducing carbon emissionsCarbon emission remains unclear. The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2025.

Source

Approaches to Global Sustainability, Markets, and Governance;Volume;Part F260;pp.311-326

Date

01-01-2025

Publisher

Springer

Subject

Carbon emission; Cement industry; Research & Development; SDG 9; Sustainability; United Nations Sustainable Development Goals (SDGs)

Coverage

Srivastava S., Christ University, Bengaluru, India; Singh S., Christ University, Bengaluru, India; Kaur H., Christ University, Bengaluru, India

Rights

Restricted Access; Hardcopy may be available in the library

Relation

ISSN: 25208772;

Format

online

Language

English

Type

Book chapter

Identifier

https://doi.org/10.1007/978-981-96-0843-0_16

https://www.scopus.com/pages/publications/105002449491?origin=resultslist