Environmental Sustainability in Ghana: A Strategic Management Approach to Green Financing, Organizational Innovativeness, and Corporate Social Responsibility

Over the years, organizations have been striving to enhance their value, competitive advantage and corporate sustainability in the global market. However this struggle has not been easy for organizations especially those in emerging economies due to the difficulties associated with achieving corporate and stakeholder objectives simultaneously. Green Financing (GF) emerged as an instrument of organizational commitment towards addressing corporate sustainability concerns. In line with this, this study investigated into green financing, organizational innovativeness and their role in achieving corporate sustainability. The study collected data from 402 staff of organizations in the Ghanaian economy. Based on PLS-SEM analysis, the results found a positive significant relationship between green financing and organizational innovativeness (β= 0.23, p=0.00), green financing and corporate sustainability (β= 0.19, p=0.00) while green financing was found to mediate between organizational innovativeness and corporate sustainability. We concluded that adopting green initiatives in their operations could guarantee lower cost of production efficiency and improve production operations.