ENVIRONMENTAL TECHNOLOGIES AND IMPACTS ON ECONOMIC AND FINANCIAL PERFORMANCE: THE CASE OF CELULOSE IRANI S/A

Authors

  • Fábio Lazzarotti Universidade do Oeste de Santa Catarina
  • Simone Sehnem Universidade do Oeste de Santa Catarina
  • Yeda Maria Pereira Pavão Universidade Estadual do Paraná
  • Anete Alberton Universidade do Vale do Itajaí
  • Sidnei Marinho Universidade do Vale do Itajaí

DOI:

https://doi.org/10.19094/contextus.v12i1.32171

Keywords:

Environmental technologies. Performance. Economic-financial indicators. Sustainability reports. Financial statements.

Abstract

This article analyzes the impact of environment technologies in the financial performance of company’s pulp and paper. Among the investments it was delimited in this study, two projects implemented by the company: the plant cogeneration power station and upgrading of sewage treatment station. To collect data, document analysis and content was conducted by means of descriptive and quantitative procedure, based on secondary data available in sustainability reporting and financial statements. Environmental investments seem to have favorably impacted the financial performance of the organization, taking into account only the indicators of economic value and cash flow, in particular MVA and EBITDA despite the international financial crisis. However, there is evidence that environmental investments are in line with the policy to mitigate environmental impacts during the production process of the company Irani. This is proved by the results obtained so far, which shows that the CDM projects since its consolidation enabled a reduction in the emission of approximately 200 000 tonnes of CO2 a year.

Author Biographies

Fábio Lazzarotti, Universidade do Oeste de Santa Catarina

Doutor em Administração e Turismo pela Universidade do Vale do Itajaí; Coordenador do Mestrado Profissional em Administração da UNOESC.

Simone Sehnem, Universidade do Oeste de Santa Catarina

Doutora em Administração e Turismo pela Universidade do Vale do Itajaí; Professora do Mestrado Profissional em Administração da UNOESC.

Yeda Maria Pereira Pavão, Universidade Estadual do Paraná

Doutora em Administração e Turismo pela Universidade do Vale do Itajaí; Professora da UNESPAR.

Anete Alberton, Universidade do Vale do Itajaí

Doutora em Engenharia de Produção pela Universidade Federal de Santa Catarina; Professora do Programa de Pós-Graduação em Administração da UNIVAL.

Sidnei Marinho, Universidade do Vale do Itajaí

Doutor em Engenharia de Produção pela Universidade Federal de Santa Catarina; Professor do Programa de Pós-Graduação em Administração da UNIVAL.

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Published

2014-01-31

How to Cite

Lazzarotti, F., Sehnem, S., Pavão, Y. M. P., Alberton, A., & Marinho, S. (2014). ENVIRONMENTAL TECHNOLOGIES AND IMPACTS ON ECONOMIC AND FINANCIAL PERFORMANCE: THE CASE OF CELULOSE IRANI S/A. Contextus - Contemporary Journal of Economics and Management, 12(1), 56–80. https://doi.org/10.19094/contextus.v12i1.32171

Issue

Vol. 12 No. 1: jan/abr 2014

Section

Articles

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