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Sustainability 2017, 9(9), 1528; doi:10.3390/su9091528

The Relationship between Waste Management Expenditure and Waste Reduction Targets on Selected JSE Companies

1
Africa Centre for Sustainability Accounting and Management (ACSAM), School of Accountancy, University of Limpopo, Sovenga 0727, South Africa
2
Department of Financial Accounting, School of Accountancy, University of Limpopo, Sovenga 0727, South Africa
*
Author to whom correspondence should be addressed.
Received: 25 July 2017 / Revised: 23 August 2017 / Accepted: 24 August 2017 / Published: 28 August 2017
(This article belongs to the Section Economic, Business and Management Aspects of Sustainability)
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Abstract

Waste generation and waste management are critical environmental issues faced by countries all over the world. Furthermore, there are greater environmental, economic, and social demands on firms to reduce the environmental impacts due to environmental problems brought about by their operating activities. There is a current debate as to the financial implications of waste management expenditure on waste reduction targets. This study examines the relationship between waste management expenditure on waste reduction targets, and the impact of waste reduction targets on firms’ profitability. This study used the quantitative method that utilizes the multiple regressions method to analyses data from selected South African Johannesburg Stock Exchange’s (JSE) Socially Responsible Index (SRI) listed manufacturing and mining firms for ten years (2007–2016). The study tests if there is a relationship between waste management expenditure and waste reduction targets, as well as the impact of waste reduction targets on firms’ profitability. Results show that waste reduction targets have a positive, but insignificant, correlation on the profitability of firms, and also indicate that there is a relationship between waste management expenditure and waste reduction targets. The study recommends that firms should focus more on minimizing waste generation to reduce costs. View Full-Text
Keywords: waste management expenditure; waste reduction targets; firms’ profitability; waste generation waste management expenditure; waste reduction targets; firms’ profitability; waste generation
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This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

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MDPI and ACS Style

Maleka, T.G.; Nyirenda, G.; Fakoya, M.B. The Relationship between Waste Management Expenditure and Waste Reduction Targets on Selected JSE Companies. Sustainability 2017, 9, 1528.

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