This study attempts to gain an understanding of factors influencing the implementation of eco‐budgeting in food processing companies.
The study employs semi‐structured interviews with senior‐level managers, including CSR, production and environmental managers, as well as site observations at leading food processing companies in Thailand.
The study identifies three primary factors: value in economic growth, management vision, and social pressure. The presence of these factors will contribute to the implementation of eco‐budgeting.
The study limits itself to Thailand, and therefore findings may not be applicable in other settings. To improve the generalization of the findings, future research should broaden the sample. It would also be beneficial to pursue comparative research between industries and countries.
Economic incentives are the driving force behind the application of eco‐budgeting and the improvement of environmental performance in the long run. In addition, implementation of eco‐budgeting would require an increase in the “green” vision and values throughout the organization.
The study defines the foundations for developing environmental sustainability and outlines an incentive scheme to reduce barriers to the implementation of eco‐budgeting in food processing companies.
