The Interdependence between Environmental and Social Performances and Company’s Economic Value: the Case Study of Titan Cement Kosjerić
The Interdependence between Environmental and Social Performances and Company’s Economic Value: the Case Study of Titan Cement Kosjerić

Summary/Abstract: The purpose of this paper is to research the relationship between environmental and social performances and company’s economic value in case of the Titan Cement Kosjerić, and contribute to a clearer understanding of the importance of integrating the sustainable development principles into the business strategy and processes. The research was conducted using the data on selected financial and nonfinancial performances of the Company from the Reports on corporate social responsibility and sustainable development for the period from 2011 to 2015. To confirm the initial hypothesis, the method of analysis, method of synthesis, and the correlation analysis method were used. The empirical findings of this research indicate that there is a high degree of interdependence between environmental and social performance and Company’s economic value, which is in line with the Company's commitment to sustainable development and socially responsible business. The main contribution of this paper is inhighlighting the importance of carrying out the socially responsible practices in the cement industry companies for improving all aspects of sustainable business - financial, environmental, and social.

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