Motivation of Japanese companies to take environmental action to reduce their greenhouse gas emissions: an econometric analysis

To analyze the motivations of Japanese companies to take environmental actions to reduce their greenhouse gas (GHG) emissions, we used FY2006 research data and questioned Japanese industries regarding their reduction of GHG emissions. Empirical investigations revealed that voluntary targets set by industry organizations, government requirements, and advance responses to possible future regulations can positively influence environmental actions for GHG emission reduction; however, cost reductions and corporate social responsibility fulfillment cannot.