The Impact of Green Innovation, Green Product and Eco-Efficiency on Company Performance of Indonesian Mining Sector

Abstract The objective of this study is to investigate the association of green innovation, green product, and eco-efficiency on company performance in the Indonesian mining sector. The sample used in this study is Indonesian-listed mining companies over the period of 2017 to 2021. Results show that green innovation and green product are positively associated with company performance. However, the association is not found in eco-efficiency. This suggests that the benefits of eco-efficiency may take longer to realize as the effect is not immediately visible over short periods. The results support the view that companies should focus more on implementing green innovation and developing environmentally friendly products while formulating long-term strategies for eco-efficiency and adopting holistic performance metrics. This approach is expected to reduce environmental impacts, contribute to sustainable development, and improve the company’s reputation among stakeholders and the wider community.