The Maritime Economist Magazine Spring 2015 | Page 12

THEMARITIME Economist INPLAIN “ The capability to perform business activities in an environmentally friendly manner in the shipping industry refers to as “greening capability”. Dr Venus Lun, Director of Shipping Research Centre, The Hong Kong Polytechnic University Concluding remark The GPR score is an excellent tool to examine the relativity between GSPs and firm performance. The empirical data collected from the shipping industry are useful to illustrate the application of the GRP score. The results may motivate firms in the shipping industry to critically examine their greening operations. Furthermore, the results of this study confirm that there is an association between environmental and financial performance outcomes. The establishment of the link between financial and environmental performance outcomes provides a strong support for shipping firms to deploy resources to enhance their greening capability as we have shown that greening operations are beneficial to profitability. ME Mag Source: Lun Y.H.V., Lai K.H. Wong W.Y.C. and Cheng T.C.E. (2015), ‘Greening and performance relativity: An application in the shipping industry’, Computers and Operations Research, 54: 295-301 12 Dr Venus Lun is Associated Head and Assistant Professor of the Department of Logistics and Maritime Studies at The Hong Kong Polytechnic University (PolyU). She is also Director of Shipping Research Centre of PolyU. She holds the visiting positions of Erasmus Mundus Scholar, City University London (UK); Visiting Fellow, Curtin University (Australia); Visiting Scientist, Nanyang Technological University (Singapore); and Visiting Scholar, Chung-Ang University (Korea). She is currently Editor-in-Chief of International Journal of Shipping and Transport Logistics. She is also Guest Editor of the following scholarly journals: Accident Analysis & Presentation, International Journal of Production Economics, Research in Transportation Economics, Transportation Research: Part D, and Transportation Research: Part E.