A study of the relationship between Financial Subsidies and Generation of Eco-friendly

Abstract

In recent decades, sustainability has emerged as an important issue, with most of the attention focused on the role that businesses play in negatively impacting the environment, society, and individual lives. Businesses are beginning to adopt sustainable practices in response to this pressure, but the financial costs seem to exceed the advantages. This research aims to objectively explore the connection between environmental sustainability behavior and financial success in SMEs. This study used a survey research approach to collect data from 98 small and medium-sized enterprises (SMEs) in the manufacturing, industrial, business services, and retail sectors in Sussex, United Kingdom. Data was collected using a combination of electronic, postal, and hand-delivered paper questionnaires. The primary methods of analysis were multiple regression, correlation analysis, and descriptive statistics. According to the data, profit is the most reliable indicator of a company's financial health, and although efforts to reduce pollution have a positive correlation with earnings, recycling has a negative correlation.