A Study on the Operational Sustainability and Financial Performance of Selected Sustainable Packaging Companies in India
Keywords:
Sustainable Packaging, Financial Performance, Process Sustainability PerformanceAbstract
The emerging need for ecological sustainability has stimulated the concept of green packaging or sustainable packaging at the leading edge of both the consciousness of consumers and business practices. As the awareness of issues like depletion of resources, plastic waste and climatic changes is increasing globally, the need for solutions regarding packaging that can minimize the environmental impact becomes rapidly critical. Due to an increase in regulatory pressures and customer awareness, it is slowly becoming imperative for businesses to adopt sustainable packaging solutions.
This paper studies the financial performance of selected Indian firms practising sustainable packaging. A comparative analysis of the financial performance and operational sustainability of such firms has been conducted. Findings reveal that the company EPL, for a majority of the matrices has emerged with the highest mean about both the process sustainability performance and key financial performance. Waste intensity is the sole reliable index concerning operational sustainability whereas, for the financial performance, EBITDA Margin, Cash Profit Margin and Material Cost Consumption emerged as the reliable indicators.
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