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Under the stakeholder approach, the commitment to environmental performance is analysed and linked with the firms' financial improvement. The paper proposes a partial least squares model (PLS) for measuring corporate environmental and financial performance that seems to be the first time which has been applied in the field.<\/jats:p><\/jats:sec><jats:sec><jats:title content-type=\"abstract-heading\">Findings<\/jats:title><jats:p>The results support the idea that enterprises which obtained higher rates of environmental performance show better financial performance levels in the future.<\/jats:p><\/jats:sec><jats:sec><jats:title content-type=\"abstract-heading\">Research limitations\/implications<\/jats:title><jats:p>The lack of a long series of environmental performance data for organisations is an obstacle for a broader analysis. This research shows the usefulness of the multivariate modelling for analysing the environmental and financial performance of businesses.<\/jats:p><\/jats:sec><jats:sec><jats:title content-type=\"abstract-heading\">Practical implications<\/jats:title><jats:p>In practice, this research may show managers the need of taking into account the environmental management factors when configuring the strategic policy of the firm and how environmental management can impact to the financial success of the firms.<\/jats:p><\/jats:sec><jats:sec><jats:title content-type=\"abstract-heading\">Originality\/value<\/jats:title><jats:p>The use of PLS modelling for measuring environmental and financial performance theoretical concepts and considering a sample of European companies for the empirical analysis.<\/jats:p><\/jats:sec>","DOI":"10.1108\/02635571011020304","type":"journal-article","created":{"date-parts":[[2010,2,27]],"date-time":"2010-02-27T07:01:14Z","timestamp":1267254074000},"page":"193-210","source":"Crossref","is-referenced-by-count":127,"title":["Corporate environmental and financial performance: a multivariate approach"],"prefix":"10.1108","volume":"110","author":[{"given":"Jos\u00e9 M.","family":"Moneva","sequence":"first","affiliation":[]},{"given":"Eduardo","family":"Ortas","sequence":"additional","affiliation":[]}],"member":"140","reference":[{"key":"key2022021420442873400_b1","doi-asserted-by":"crossref","unstructured":"Al\u2010Tuwaijri, S., Christensen, T. and Hughes, K. 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