Firms' environmental objectives drive innovation for a greener future
Firms that focus on environmental goals influence the way they innovate. By adopting environmental objectives, companies can directly and indirectly impact their innovation process. This means that creating new products or processes with environmental benefits is a key part of innovation for these firms. The study found that firms can have an "environmental innovation mode" that works alongside their regular innovation modes. This shows that environmental goals can drive innovation in new and important ways.