| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 275467 | International Journal of Project Management | 2016 | 14 Pages |
•Eco-innovation can be implemented with all levels of investment.•The in-depth analysis of determinant factors provides a basis for allocating financial resource.•There is an “interface” between project results and the economic-finance structure of the concerned firms.•Eco-innovation is focused on optimising resources, which generates not only environmental but also economic benefits.•The economic benefits derived from saving resources are the most efficient way to convince companies to be eco-innovative.
It is widely accepted that eco-innovation is a feasible direction if we want to progress towards sustainable development. However, in many European countries, eco-innovation projects are currently not common because of the significant barriers to and the negligible culture of including eco-innovation in an organisation's strategy. In this scenario, the analysis of eco-innovation project determinants offers a new strategic approach for industries to manage sustainable innovation initiatives.A specific methodology has been developed for this purpose to analyse the main characteristics of 44 applied eco-innovation projects. The purpose of the methodology described in this paper is to define the “economic–finance interface” between these projects and the main characteristics of firms in which such eco-innovation has been applied and to provide guidance in the implementation of eco-innovation to align project management with business strategy.
