Assessment of financial sustainability by implementing green technologies in a manufacturing company

Abstract

The article analyses the financial sustainability of a company when implementing green technologies. Manufacturing companies are one of the major sources of pollution. In the context of climate change, a European Union regulation has been introduced in Lithuania to encourage investment in sustainable business. Climate change mitigation has also led to incentives through subsidies for companies, which has led to investments in green technologies by manufacturing companies. While companies are concerned with profits, recent developments in the financial markets have led to greater consideration of the stability and sustainability of the financial system. In order to create stronger businesses, companies are pursuing profits based on the principles of sustainability – economic, social and environmental objectives. This Article raises the complex issue of why a manufacturing company needs to take sustainability into account in order to achieve financial sustainability, and how to use financial instruments effectively in the implementation of green technologies. The aim of the study is to identify which financial indicators can be used to measure the impact of financial sustainability. Methods: analysis of scientific literature, comparative analysis, it should be stressed that the multi-criteria assessment method COPRAS was used to rank financial indicators, which showed that the company’s financial performance deteriorated when it did not invest in newer, more sustainable technologies.