The Effect of Environmental Tax Incentives on Sustainable Practices: A Case Study of Nestlé Nigeria Plc
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Background of the Study
Environmental tax incentives are designed to encourage businesses to adopt sustainable practices by offering financial rewards or reliefs for implementing eco-friendly operations. In Nigeria, such incentives are becoming increasingly important as companies are urged to reduce their environmental footprints while complying with national and international sustainability standards (Adesola & Ojo, 2023). Nestlé Nigeria Plc, a leading multinational food and beverage company, has been a pioneer in adopting sustainable practices, such as reducing waste and energy consumption and sourcing ingredients responsibly.
Nestlé has benefited from environmental tax incentives that encourage companies to adopt green practices and invest in renewable energy and waste reduction initiatives. These incentives are aligned with Nigeria’s commitment to achieving its sustainability goals under the Paris Agreement and other global frameworks (Adebayo & Oladipo, 2024). However, the effectiveness of these incentives in promoting sustainable practices within Nestlé and similar companies remains under-researched.
This study investigates the impact of environmental tax incentives on sustainable practices at Nestlé Nigeria Plc, evaluating how these incentives have influenced the company’s environmental policies and operations.
Statement of the Problem
While environmental tax incentives have been introduced to encourage businesses to adopt sustainable practices, there is limited research on the extent to which these incentives influence corporate behavior, particularly in Nigeria’s food and beverage sector (Tijani & Akinbiyi, 2024). Nestlé Nigeria’s sustainability practices are influenced by a combination of regulatory requirements and internal policies, but it is unclear how tax incentives specifically contribute to these efforts.
This study examines the role of environmental tax incentives in promoting sustainable practices at Nestlé Nigeria Plc, focusing on the company’s adoption of green technologies and its environmental impact.
Objectives of the Study
- To assess the role of environmental tax incentives in promoting sustainable practices at Nestlé Nigeria Plc.
- To evaluate the effectiveness of these incentives in reducing the company’s environmental footprint.
- To recommend strategies for improving the design and implementation of environmental tax incentives.
Research Questions
- How do environmental tax incentives influence sustainable practices at Nestlé Nigeria Plc?
- What impact have these incentives had on reducing the company’s environmental footprint?
- How can environmental tax incentives be improved to foster greater sustainability in Nigerian businesses?
Research Hypotheses
- Environmental tax incentives have a positive impact on sustainable practices at Nestlé Nigeria Plc.
- Environmental tax incentives contribute to a reduction in Nestlé’s environmental footprint.
- Improving environmental tax incentives will encourage greater adoption of sustainable practices among Nigerian businesses.
Scope and Limitations of the Study
The study focuses on the impact of environmental tax incentives at Nestlé Nigeria Plc from 2023 to 2025. Limitations include potential variations in the company’s sustainability practices unrelated to tax incentives and challenges in obtaining detailed internal data on environmental performance.
Definitions of Terms
- Environmental Tax Incentives: Financial incentives, such as tax deductions or credits, provided to businesses for adopting eco-friendly practices.
- Sustainable Practices: Business operations that minimize environmental impact, conserve resources, and promote long-term ecological balance.
- Nestlé Nigeria Plc: A subsidiary of the global food and beverage company Nestlé, operating in Nigeria and promoting sustainability within its operations.
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