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Sustainability:
Overview
What is sustainability?

How are sustainability & business ethics related?

What can sustainability do for business?

Why don’t all businesses embrace sustainability?

When will businesses grow sustainably?
What is sustainability?
Everything people need to survive and flourish
depends on our natural environment

Sustainability maintains harmony between
people and nature

Sustainability fulfills people’s economic, social
and other needs
How are sustainability and
     business ethics related?
Unfettered capitalism devours natural
resources, broadens socio-economic divides

Existing legal frameworks, globalized market
forces cannot mend these rifts

Businesses can no longer ignore environmental
impact for increased profits
What can sustainability
         do for business?
Terror attacks sometimes result from Western
companies disregarding people’s welfare

Business strengthens its “license to operate” by
protecting the environment

Sustainable practices value customers’ well-
being; improve brand loyalty
Why don’t all businesses
      embrace sustainability?
Complexity of putting practices to work

Competing strategic priorities

Various other reasons:
  • Lack of recognition from financial markets
  • Differing ideas of what social responsibility is
  • Challenges of engaging with external groups
When will businesses
                       Consumers drive corporate decisions

      Media
                      grow sustainably?
                                      25
                                     24



Around the world, some businesses already
  Regulators
                                       26
                                      25

embrace sustainability                      28
Communities
                                             29


                                                                                     2010
United Nations Global Compact shows promise
                                                       39
Governments
                                                  32                                 2007


through international collaboration
  Employees
                                                            45
                                                       39




Consumers ultimately determine tipping points
                                                                           58
 Consumers
                                                                      50


for sustainability
               0       10       20          30         40        50        60   70

                   % of CEOs say most influential stakeholders are ...
   Source: UN Global Compact-Accenture CEO Study 2010

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Sustainability: ethical challenges for 21st Century business

  • 2. Overview What is sustainability? How are sustainability & business ethics related? What can sustainability do for business? Why don’t all businesses embrace sustainability? When will businesses grow sustainably?
  • 3. What is sustainability? Everything people need to survive and flourish depends on our natural environment Sustainability maintains harmony between people and nature Sustainability fulfills people’s economic, social and other needs
  • 4. How are sustainability and business ethics related? Unfettered capitalism devours natural resources, broadens socio-economic divides Existing legal frameworks, globalized market forces cannot mend these rifts Businesses can no longer ignore environmental impact for increased profits
  • 5. What can sustainability do for business? Terror attacks sometimes result from Western companies disregarding people’s welfare Business strengthens its “license to operate” by protecting the environment Sustainable practices value customers’ well- being; improve brand loyalty
  • 6. Why don’t all businesses embrace sustainability? Complexity of putting practices to work Competing strategic priorities Various other reasons: • Lack of recognition from financial markets • Differing ideas of what social responsibility is • Challenges of engaging with external groups
  • 7. When will businesses Consumers drive corporate decisions Media grow sustainably? 25 24 Around the world, some businesses already Regulators 26 25 embrace sustainability 28 Communities 29 2010 United Nations Global Compact shows promise 39 Governments 32 2007 through international collaboration Employees 45 39 Consumers ultimately determine tipping points 58 Consumers 50 for sustainability 0 10 20 30 40 50 60 70 % of CEOs say most influential stakeholders are ... Source: UN Global Compact-Accenture CEO Study 2010