摘要：Recent research indicates apparent business scepticism about the business benefit in carbon reduction. This paper examines the relationship between carbon emission reduction program of 3M Company and its performance (represented by dividend per share). Using the least square multiple regression statistics, findings from the test indicate a significant relationship between carbon emission reduction of 3M Company and its dividend per share within the years studied, indicating that, against apparent business concern, 3M’s carbon reduction contributed significantly to improve its dividend per share (within the years studied). The paper thus concludes it is likely that some companies may experience enhanced dividend per share if engaged in a carbon reduction program. The paper suggests that further studies on the effect of emission reduction on firm performance should use single cases as this may possess greater propensity to show clearer result.
关键词：carbon emission reduction; dividend per share; green business; firm performance; profitability; energy efficiency
