THE IMPACTOFKNOWLEDGEMANAGEMENT ON GREEN INNOVATION AND SUSTAINABLE BUSINESS OF MINING COMPANIES: THE SEM APPROACH

The aim of this paper is to analyse the impact of knowledge management on green innovation and sustainable business of mining companies on the one hand, and to analyse the impact of green innovation on the sustainable business of these companies on the other. Cause-and-effect relationships between the selected variables were explained applying structural equation modelling (SEM). The results of the study show that knowledge management significantly improves green innovation and sustainable business practises of the observed companies, and, also show a direct benefit for sustainable companies from green progress. The results emphasise the importance of knowledge management, which in combination with green innovations -new technological advances -enables companies to adopt the idea of sustainable business and thus contribute to the achievement of development goals.