The document discusses sustainability and the responsibilities of businesses regarding the environment. It covers topics such as the history of environmentalism, why businesses should be sustainable, and principles for sustainable business. The key points are:
- Environmentalism has grown since the 1970s due to issues like pollution, but degradation has occurred forever. The Industrial Revolution greatly increased environmental impacts.
- A new paradigm of sustainability seeks to measure business success through economic, social, and environmental factors. This views environmental responsibilities as basic business practice.
- Businesses have responsibilities regarding the environment because issues like climate change threaten human life. There are opportunities for sustainable businesses in a future where resources decline.
- Principles for sustainable business include not dep
Cameron Bruett - Our Shared Journey of Continuous ImprovementJohn Blue
Our Shared Journey of Continuous Improvement - Cameron Bruett, Head, Corporate Affairs, JBS USA & Pilgrims and President of the Roundtable for Sustainable Beef, from the 2015 Animal Agriculture Alliance Stakeholders Summit, The Journey to Extraordinary, May 6 - 7, 2015, Kansas City, MO, USA.
More presentations at http://www.trufflemedia.com/agmedia/conference/2015-the-journey-to-extraordinary
This presentation describes the Sustainability, the contemporary issues existing around it, and approaches to resolve those issues. This presentation also provides some of the relevant case studies in this regard. Overall, a good starting point for someone who wants to know more about sustainability.
FOR CS PROFESSIONAL, CA, CMA
Sustainable Development
• Role of Business in Sustainable Development
• Sustainability Terminologies
• Corporate Sustainability
• Corporate Sustainability and Corporate Social Responsibility
• KYOSEI & TRIPLE BOTTOM LINE (TBL)
• One of the fundamental characteristics of a corporate is perpetuity. In the eyes of law, it is treated as a separate legal entity which can hold assets and bear liabilities, can sue and be sued.
• The word sustainable is derived from sustain or sustained. The synonyms of the word sustained as per the Collins Thesaurus include perpetual, prolonged, steady.
• Sustainable development is a broad, concept that balances the need for economic growth with environmental protection and social equity.
• WCED recognized that the achievement of sustainable development could not be simply left to government regulators and policy makers. It recognized that industry has a significant role to play.
• Four fundamental Principle of Sustainable Development- Principle of Intergenerational equity; Principle of sustainable use; Principle of equitable use or intergenerational equity; Principle of integration.
• Corporate Sustainability is a business approach that creates long-term shareholder value by embracing opportunities and managing risks deriving from economic, environmental and social developments. corporate sustainability describes business practices built around social and environmental considerations • Key drivers need to be garnered to ensure sustainability - Internal Capacity Building strength; Social impact assessment; Repositioning capability; Corporate sustainability.
• Kyosei philosophy reflects a confluence of social, environmental, technological and political solutions. It works in five stages-- First is economic survival of the company. Second is cooperating with labour. Third is cooperating outside the company. Fourth is global activism, and fifth is making the government/s a Kyosei partner
• In 1999 Elkington developed the concept of the Triple Bottom Line which proposed that business goals were inseparable from the societies and environments within which they operate.
• The emergence of corporate responsibility, from being a niche interest of environmentalist and pressure groups to one public. Concern, has in part, stemmed from the realization that corporate governance and social and environmental performance are important elements of sustained financial profitability.
Cameron Bruett - Our Shared Journey of Continuous ImprovementJohn Blue
Our Shared Journey of Continuous Improvement - Cameron Bruett, Head, Corporate Affairs, JBS USA & Pilgrims and President of the Roundtable for Sustainable Beef, from the 2015 Animal Agriculture Alliance Stakeholders Summit, The Journey to Extraordinary, May 6 - 7, 2015, Kansas City, MO, USA.
More presentations at http://www.trufflemedia.com/agmedia/conference/2015-the-journey-to-extraordinary
This presentation describes the Sustainability, the contemporary issues existing around it, and approaches to resolve those issues. This presentation also provides some of the relevant case studies in this regard. Overall, a good starting point for someone who wants to know more about sustainability.
FOR CS PROFESSIONAL, CA, CMA
Sustainable Development
• Role of Business in Sustainable Development
• Sustainability Terminologies
• Corporate Sustainability
• Corporate Sustainability and Corporate Social Responsibility
• KYOSEI & TRIPLE BOTTOM LINE (TBL)
• One of the fundamental characteristics of a corporate is perpetuity. In the eyes of law, it is treated as a separate legal entity which can hold assets and bear liabilities, can sue and be sued.
• The word sustainable is derived from sustain or sustained. The synonyms of the word sustained as per the Collins Thesaurus include perpetual, prolonged, steady.
• Sustainable development is a broad, concept that balances the need for economic growth with environmental protection and social equity.
• WCED recognized that the achievement of sustainable development could not be simply left to government regulators and policy makers. It recognized that industry has a significant role to play.
• Four fundamental Principle of Sustainable Development- Principle of Intergenerational equity; Principle of sustainable use; Principle of equitable use or intergenerational equity; Principle of integration.
• Corporate Sustainability is a business approach that creates long-term shareholder value by embracing opportunities and managing risks deriving from economic, environmental and social developments. corporate sustainability describes business practices built around social and environmental considerations • Key drivers need to be garnered to ensure sustainability - Internal Capacity Building strength; Social impact assessment; Repositioning capability; Corporate sustainability.
• Kyosei philosophy reflects a confluence of social, environmental, technological and political solutions. It works in five stages-- First is economic survival of the company. Second is cooperating with labour. Third is cooperating outside the company. Fourth is global activism, and fifth is making the government/s a Kyosei partner
• In 1999 Elkington developed the concept of the Triple Bottom Line which proposed that business goals were inseparable from the societies and environments within which they operate.
• The emergence of corporate responsibility, from being a niche interest of environmentalist and pressure groups to one public. Concern, has in part, stemmed from the realization that corporate governance and social and environmental performance are important elements of sustained financial profitability.
PowerPoint Presentation prepared and presented by President of Carroll Properties Corporation- Elizabeth Belenchia exploring the Real Estate Industries' opportunity to be leaders in the global economy- a driving force for eco-friendly properties and ventures.
How to use “Green” Business methods to create (More) Profits (for All)Douglas Lezameta Risco
What’s a “Green” or Sustainable Business?
The “Doux Commerce” Principle: no transparency, no business deal - it’s in your best self-interest to act in a transparent way.
Adam Smith explaining the Dutch superior trading skills.
Smith postulated that Reputation is extremely important in Business.
Jane Jacobs, a top American anthropologist (1992) stated on Humans: either we steal, or we trade to make a living (51-53).
Winner, Best Paper, United States Assoc. for Small Business & Entrepreneurship, usasbe.org Philadelphia 2017. Abstract: Entrepreneurial activity may be inconsistent with the need to conserve the planet and prevent environmental damage. This article provides the theoretical basis for Biosphere Entrepreneurship, which goes beyond business and social entrepreneurship. It theoretically justifies entrepreneurial activity that adds value to Earth. Extending the work of Kuratko, Morris, and Schindehutte on ontological frameworks (2000; 2001; 2015), we combine entrepreneurship, climate change economics, and sustainability research in an attempt to build a theoretical base for biosphere entrepreneurship. In the Implications, we ask, what can educators do to help biosphere entrepreneurs address the existential and catastrophic risks facing humanity?
Executive Summary: This article combines entrepreneurship research with climate economics and sustainability to build a new theory of biosphere entrepreneurship. Going beyond business and social entrepreneurship, which add value to private and community domains, respectively, biosphere entrepreneurship is entrepreneurial activity that adds value to the biosphere and ecosystem services.
The purpose of this article is to devise mental models (frameworks) relating entrepreneurship and climate change to facilitate theory-building. Using images and visual depictions, the article envisions a theoretical model of entrepreneurial ecology or biosphere entrepreneurship showing how the Earth, humanity, and the economy are connected through negative entrepreneurship and positive entrepreneurship. It extends extant frameworks-- entrepreneurial risk and survival frameworks; financial and capital frameworks; entrepreneurial growth frameworks; business model frameworks; socio-cultural frameworks; and entrepreneurial opportunity frameworks—to theoretically justify entrepreneurial activity that adds value to Earth.
The article uses entrepreneurship ontology in the tradition of Kuratko, Morris, and Schindehutte (2000; 2001; 2015) to describe phenomena in a way to identify and classify concepts and relationships about which increasingly are reaching consensus. The purpose is to use ontological framework analysis to convert abstraction into order, prioritize variables, and identify relationships within a new field of biosphere entrepreneurship. We seek candidate frameworks combining the domains of entrepreneurship, climate economics, and sustainability to expand a theory of biosphere entrepreneurship.
The article concludes with implications for entrepreneurship education. If biosphere truly go beyond business entrepreneurs seeking private gain, and social entrepreneurs adding value to social communities, what are educators doing to help our young entrepreneurs see climate change as market failure, identify market opportunities, and come to grips with existential and catastrophic risk?
The World in Context: Beyond the Business Case for Sustainable Development is an essay by Jonathon Porritt, Co-Director of hrh The Prince of Wales’s Business & the Environment Programme (bep), Co-Founder and Programme Director of
Forum for the Future and Chairman of the uk Sustainable Development Commission. From the Business & Environment programme. University of Cambridge
CSR
Concept of CSR
CSR and Corporate Governance
CSR related concepts
Legal aspect
Corporate social responsibility (CSR) is a self-regulating business model that helps a company be socially accountable — to itself, its stakeholders, and the public.
Corporate social responsibility (CSR) is a self-regulating business model that helps a company be socially accountable — to itself, its stakeholders, and the public.
Balance of Triple Bottom line (Economy, Environment, society)
Many high school students and those in early days of their undergraduate students feel lost and confused on their career paths. Here's some information on how careers in the environmental sector may be a huge opportunity - both financially and ethically.
Question 1· The triple bottom line approach involves measuring .docxmakdul
Question 1
· The triple bottom line approach involves measuring business success of sustainable businesses and sustainable economic development in terms of:
·
·
· economic, legal, and environmental sustainability.
·
·
· economic, ethical, and environmental sustainability.
·
·
· economic, legal, and competitive sustainability.
·
·
· legal, competitive, and environmental sustainability.
·
Question 2
· The three goals of sustainable development that include economic, environmental, and ethical sustainability are referred to as the:
·
·
· tripartite goals.
·
·
· three pillars of sustainability.
·
·
· three pronged charter.
·
·
· shoulders of sustainability.
·
Question 3
· Which of the following responsibilities entails an incentive to redesign products so that they can be recycled efficiently and easily?
·
·
· Cradle-to-grave
·
·
· Backcasting
·
·
· Cradle-to-cradle
·
·
· Eco-efficiency
·
Question 4
· Knowing what the future must be, creative businesses then look backwards and determine what must be done to arrive at that future. This process is known as:
·
·
· backward integration.
·
·
· forecasting.
·
·
· forward integration.
·
·
· backcasting.
·
Question 5
· "Closed-loop" production seeks to integrate what is presently waste back into production. In an ideal situation, the waste of one firm becomes the resource of another, and such synergies can create eco-industrial parks. This principle is often referred to as:
·
·
· biomimicry.
·
·
· eco-efficiency.
·
·
· biosynergy.
·
·
· backcast.
·
Question 6
Explain the concept of eco-efficiency, biomimicry, and cradle-to-cradle responsibility. Your response should be at least 200 words in length.
Question 7
· Philosophers distinguish between three different types of responsibilities, on a scale from more to less demanding or binding. Explain these responsibilities. Your response should be at least 200 words in length. assessment/attempt/take/essay.js
· IE
BBA 4751, Business Ethics 1
UNIT VIII STUDY GUIDE
Business and the Environment
Course Learning Outcomes for Unit VIII
Upon completion of this unit, students should be able to:
1. Explain how environmental challenges can create business
opportunities.
2. Describe a range of values that play a role in environmental decision
making.
3. Explain the difference between market-based and regulatory-based
environmental policies.
4. Describe business’ environmental responsibilities that flow from each
approach.
5. Identify the inadequacies of sole reliance on a market-based approach.
6. Identify the inadequacies of regulatory-based environmental policies.
7. Define and describe sustainable development and sustainable business.
8. Highlight the business opportunities associated with a move towards
sustainability and describe ...
This slideshow was presented to Tennessee Titans executives, Metro Nashville Government officials, Lipscomb Professors, and local sustainability professionals
workshop at International Program Green Sustainable Economy at UCN Aalborg, 2013. Contribution from Hogeschool Utrecht, HU University of Applied Sciences Utrecht
CSR-
CORPORAT SOCIAL RESPONSIBLITY
Corporate social responsibility (CSR) is a self-regulating business model that helps a company be socially accountable — to itself, its stakeholders, and the public.
Corporate social responsibility (CSR) is a self-regulating business model that helps a company be socially accountable — to itself, its stakeholders, and the public.
Balance of Triple Bottom line (Economy, Environment, society)
Concept of CSR
CSR and Corporate Governance
CSR related concepts
Legal aspect
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
PowerPoint Presentation prepared and presented by President of Carroll Properties Corporation- Elizabeth Belenchia exploring the Real Estate Industries' opportunity to be leaders in the global economy- a driving force for eco-friendly properties and ventures.
How to use “Green” Business methods to create (More) Profits (for All)Douglas Lezameta Risco
What’s a “Green” or Sustainable Business?
The “Doux Commerce” Principle: no transparency, no business deal - it’s in your best self-interest to act in a transparent way.
Adam Smith explaining the Dutch superior trading skills.
Smith postulated that Reputation is extremely important in Business.
Jane Jacobs, a top American anthropologist (1992) stated on Humans: either we steal, or we trade to make a living (51-53).
Winner, Best Paper, United States Assoc. for Small Business & Entrepreneurship, usasbe.org Philadelphia 2017. Abstract: Entrepreneurial activity may be inconsistent with the need to conserve the planet and prevent environmental damage. This article provides the theoretical basis for Biosphere Entrepreneurship, which goes beyond business and social entrepreneurship. It theoretically justifies entrepreneurial activity that adds value to Earth. Extending the work of Kuratko, Morris, and Schindehutte on ontological frameworks (2000; 2001; 2015), we combine entrepreneurship, climate change economics, and sustainability research in an attempt to build a theoretical base for biosphere entrepreneurship. In the Implications, we ask, what can educators do to help biosphere entrepreneurs address the existential and catastrophic risks facing humanity?
Executive Summary: This article combines entrepreneurship research with climate economics and sustainability to build a new theory of biosphere entrepreneurship. Going beyond business and social entrepreneurship, which add value to private and community domains, respectively, biosphere entrepreneurship is entrepreneurial activity that adds value to the biosphere and ecosystem services.
The purpose of this article is to devise mental models (frameworks) relating entrepreneurship and climate change to facilitate theory-building. Using images and visual depictions, the article envisions a theoretical model of entrepreneurial ecology or biosphere entrepreneurship showing how the Earth, humanity, and the economy are connected through negative entrepreneurship and positive entrepreneurship. It extends extant frameworks-- entrepreneurial risk and survival frameworks; financial and capital frameworks; entrepreneurial growth frameworks; business model frameworks; socio-cultural frameworks; and entrepreneurial opportunity frameworks—to theoretically justify entrepreneurial activity that adds value to Earth.
The article uses entrepreneurship ontology in the tradition of Kuratko, Morris, and Schindehutte (2000; 2001; 2015) to describe phenomena in a way to identify and classify concepts and relationships about which increasingly are reaching consensus. The purpose is to use ontological framework analysis to convert abstraction into order, prioritize variables, and identify relationships within a new field of biosphere entrepreneurship. We seek candidate frameworks combining the domains of entrepreneurship, climate economics, and sustainability to expand a theory of biosphere entrepreneurship.
The article concludes with implications for entrepreneurship education. If biosphere truly go beyond business entrepreneurs seeking private gain, and social entrepreneurs adding value to social communities, what are educators doing to help our young entrepreneurs see climate change as market failure, identify market opportunities, and come to grips with existential and catastrophic risk?
The World in Context: Beyond the Business Case for Sustainable Development is an essay by Jonathon Porritt, Co-Director of hrh The Prince of Wales’s Business & the Environment Programme (bep), Co-Founder and Programme Director of
Forum for the Future and Chairman of the uk Sustainable Development Commission. From the Business & Environment programme. University of Cambridge
CSR
Concept of CSR
CSR and Corporate Governance
CSR related concepts
Legal aspect
Corporate social responsibility (CSR) is a self-regulating business model that helps a company be socially accountable — to itself, its stakeholders, and the public.
Corporate social responsibility (CSR) is a self-regulating business model that helps a company be socially accountable — to itself, its stakeholders, and the public.
Balance of Triple Bottom line (Economy, Environment, society)
Many high school students and those in early days of their undergraduate students feel lost and confused on their career paths. Here's some information on how careers in the environmental sector may be a huge opportunity - both financially and ethically.
Question 1· The triple bottom line approach involves measuring .docxmakdul
Question 1
· The triple bottom line approach involves measuring business success of sustainable businesses and sustainable economic development in terms of:
·
·
· economic, legal, and environmental sustainability.
·
·
· economic, ethical, and environmental sustainability.
·
·
· economic, legal, and competitive sustainability.
·
·
· legal, competitive, and environmental sustainability.
·
Question 2
· The three goals of sustainable development that include economic, environmental, and ethical sustainability are referred to as the:
·
·
· tripartite goals.
·
·
· three pillars of sustainability.
·
·
· three pronged charter.
·
·
· shoulders of sustainability.
·
Question 3
· Which of the following responsibilities entails an incentive to redesign products so that they can be recycled efficiently and easily?
·
·
· Cradle-to-grave
·
·
· Backcasting
·
·
· Cradle-to-cradle
·
·
· Eco-efficiency
·
Question 4
· Knowing what the future must be, creative businesses then look backwards and determine what must be done to arrive at that future. This process is known as:
·
·
· backward integration.
·
·
· forecasting.
·
·
· forward integration.
·
·
· backcasting.
·
Question 5
· "Closed-loop" production seeks to integrate what is presently waste back into production. In an ideal situation, the waste of one firm becomes the resource of another, and such synergies can create eco-industrial parks. This principle is often referred to as:
·
·
· biomimicry.
·
·
· eco-efficiency.
·
·
· biosynergy.
·
·
· backcast.
·
Question 6
Explain the concept of eco-efficiency, biomimicry, and cradle-to-cradle responsibility. Your response should be at least 200 words in length.
Question 7
· Philosophers distinguish between three different types of responsibilities, on a scale from more to less demanding or binding. Explain these responsibilities. Your response should be at least 200 words in length. assessment/attempt/take/essay.js
· IE
BBA 4751, Business Ethics 1
UNIT VIII STUDY GUIDE
Business and the Environment
Course Learning Outcomes for Unit VIII
Upon completion of this unit, students should be able to:
1. Explain how environmental challenges can create business
opportunities.
2. Describe a range of values that play a role in environmental decision
making.
3. Explain the difference between market-based and regulatory-based
environmental policies.
4. Describe business’ environmental responsibilities that flow from each
approach.
5. Identify the inadequacies of sole reliance on a market-based approach.
6. Identify the inadequacies of regulatory-based environmental policies.
7. Define and describe sustainable development and sustainable business.
8. Highlight the business opportunities associated with a move towards
sustainability and describe ...
This slideshow was presented to Tennessee Titans executives, Metro Nashville Government officials, Lipscomb Professors, and local sustainability professionals
workshop at International Program Green Sustainable Economy at UCN Aalborg, 2013. Contribution from Hogeschool Utrecht, HU University of Applied Sciences Utrecht
CSR-
CORPORAT SOCIAL RESPONSIBLITY
Corporate social responsibility (CSR) is a self-regulating business model that helps a company be socially accountable — to itself, its stakeholders, and the public.
Corporate social responsibility (CSR) is a self-regulating business model that helps a company be socially accountable — to itself, its stakeholders, and the public.
Balance of Triple Bottom line (Economy, Environment, society)
Concept of CSR
CSR and Corporate Governance
CSR related concepts
Legal aspect
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
Francesca Gottschalk - How can education support child empowerment.pptxEduSkills OECD
Francesca Gottschalk from the OECD’s Centre for Educational Research and Innovation presents at the Ask an Expert Webinar: How can education support child empowerment?
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
Embracing GenAI - A Strategic ImperativePeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
Introduction to AI for Nonprofits with Tapp NetworkTechSoup
Dive into the world of AI! Experts Jon Hill and Tareq Monaur will guide you through AI's role in enhancing nonprofit websites and basic marketing strategies, making it easy to understand and apply.
Acetabularia Information For Class 9 .docxvaibhavrinwa19
Acetabularia acetabulum is a single-celled green alga that in its vegetative state is morphologically differentiated into a basal rhizoid and an axially elongated stalk, which bears whorls of branching hairs. The single diploid nucleus resides in the rhizoid.
1. Presented by | Hannan O. Mimbisa (MBA – 1)
MBACC 113
Social Responsibility
and Good Governance
Sustainable
Issues
2. BEST FOR You
O R G A N I C S C O M P A N Y
2
Topic Objectives:
• Global Environmentalism
• Sustainability
• Business environment responsibility
• Business opportunities in a
sustainable economic
• Why be businesses be sustainable?
• Principles for a sustainable business
3. BEST FOR You
O R G A N I C S C O M P A N Y
3
Questions to ponder:
• Why should we act in ways
that protect the natural
environment from
degradation?
• Why should business be
concerned with, and value,
the natural world?
4. BEST FOR You
O R G A N I C S C O M P A N Y
Environmentalism:It’sHistory
» Environmental issues have been a concern only
in recent times.
» Environmentalism flourished in the latter half of
the twentieth century, with such issues as air
and water pollution, and the protection of
endangered species becoming public policy
concerns only in the 1970s.
» Certainly, only a few business gave the natural
environment much thought at all prior to this
time.
» But environmental degradation has been a part
of human history forever.
4
5. BEST FOR You
O R G A N I C S C O M P A N Y
Environmentalism:It’sHistory
» Yet, the Industrial Revolution of the 18th and 19th
centuries brought with it the ability to degrade
the natural environment to a greater extent and
at a faster rate than ever before.
» By the start of the 21st century, the Earth was
experiencing the greatest period of species
extinction since the end of the dinosaurs 65
million years ago.
» Humans are also threatened by global climate
change.
5
6. BEST FOR You
O R G A N I C S C O M P A N Y
» The way we have done business over the last
two centuries has brought us up against the
biophysical limits of the earth’s capacity to
support human life, and has already crossed
those limits in the case of countless other
forms of life.
SIMPLY PUT,
6
The major ethical question is:
WHAT RESPONSIBILITIES DO
BUSINESSES AND MARKETS
HAVE REGARDING THE NATURAL
ENVIRONMENT?
7. BEST FOR You
O R G A N I C S C O M P A N Y
SustainabilityastheNEWPARADIGM
» At the start of the 21st century, a new model of
business is emerging, perhaps first initiated in
Europe and followed by North America and Asia.
» Sustainable business and sustainable economic
development seek to create new ways of doing
business in which business success is
measured in terms of economic, ethical, and
environmental sustainability, often called the
Triple Bottom Line Approach
7
8. BEST FOR You
O R G A N I C S C O M P A N Y
SustainabilityastheNEWPARADIGM
» Environmental responsibilities are seen as a
fundamental part of basic business practice.
» Sustainable business ventures may find that
environmental considerations offer creative and
entrepreneurial businesses enormous
opportunities.
8
9. BEST FOR You
O R G A N I C S C O M P A N Y
9
Questions to ponder:
• Why should we act in ways that
protect the natural environment
from degradation?
• Why should business be
concerned with, and value, the
natural world?
THREAT TO LIFE
10. BEST FOR You
O R G A N I C S C O M P A N Y
10
THREAT TO LIFE
• Environmental issues have the
potential to adversely affect the entire
globe and change human life forever.
• Global climate change, species
extinction, soil erosion and
desertification, and nuclear wastes will
threaten human life into the indefinite
future.
11. BEST FOR You
O R G A N I C S C O M P A N Y
Business’EnvironmentalResponsibility
» An overwhelming voice does exist about the
different reasons for protecting the natural
environment.
» What controversy remains has more to do with
the best means for achieving this goal.
» The debate is focused on whether efficient
markets or government regulation is the most
appropriate means for meeting the
environmental responsibilities of business.
11
12. BEST FOR You
O R G A N I C S C O M P A N Y
Business’EnvironmentalResponsibility
» EFFICIENT MARKETS
• If the best approach to environmental concerns is
to trust them to efficient markets, then the
responsible business manager simply ought to
seek profits and allow the market to allocate
resources efficiently.
» GOVERNMENT REGULATION
• If government regulation is a more adequate
approach, then business ought to develop a
compliance structure in order to insure that it
conforms to those regulatory requirements.
12
13. BEST FOR You
O R G A N I C S C O M P A N Y
Business’EnvironmentalResponsibility
» EFFICIENT MARKETS
• Defenders of the market approach contend that
environmental problems are economic problem that
deserve economic solutions.
• Because, environmental problems involve the
allocation and distribution of limited resources.
Therefore, environmental challenge can be
addressed through efficient markets.
• Some would argue that there is an optimal level of
pollution that would best serve society’s interest,
• And this optimal level is best attained by leaving it
to a competitive market. 13
14. BEST FOR You
O R G A N I C S C O M P A N Y
Business’EnvironmentalResponsibility
» GOVERNMENT REGULATION
• A broad consensus emerged that unregulated markets are
an inadequate approach to environmental challenges. And
instead, government regulations were seen as better way
to respond to environmental problems.
• In 1970s, laws were enacted to effectively shift the burden
to those who would cause harm to the environment. The
government established regulatory standards to ensure air
and water quality and species preservation.
• BUSINESS WAS FREE TO PURSUE ITS OWN GOALS
AS LONG AS IT COMPLIED WITH THE SIDE
CONSTRAINTS ESTABLISHED BY THIS MINIMUM
STANDARDS 14
15. BEST FOR You
O R G A N I C S C O M P A N Y
Business’EnvironmentalResponsibility
» SUSTAINABILITY APPROACH
• In 1980s, a new model for environmentally responsible
business began to take shape, one that combines financial
opportunities with environmental and ethical
responsibilities.
• The concept of sustainable development and sustainable
business practice, suggest a radically new vision for
integrating financial and environmental goals.
• The three goals, economic, environmental, and ethical
sustainability, are often refereed to as the “THREE
PILLARS OF SUSTAINABILITY”
15
16. BEST FOR You
O R G A N I C S C O M P A N Y
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Sustainable development is
development that meets the
needs of the present without
compromising the ability of
future generations to meet
their own needs.
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BusinessOpportunitiesinaSustainableEconomy
» The Natural Step uses an image of a funnel, with two converging lines, to help business
understand these opportunities.
» The resources necessary to sustain life are on a downward slope.
» While there is disagreement about the angle of the slope, there is widespread consensus that
available resources are in decline.
» The second line represent aggregate worldwide demand, accounting for both population growth
and the increasing demand of consumerist lifestyles.
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BusinessOpportunitiesinaSustainableEconomy
» The Natural Step then challenges business to “backcast” a path towards sustainability.
» We are all familiar with forecasting, in which we examine present data to predict the future.
“Backcasting” examines what the future will be when we emerge through the funnel.
» Knowing what the future must be, creative businesses then look backwards to the present and
determine what must be done in order for them to arrive at that future.
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WhybeSustainable?
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1. Sustainability is a prudent long-term strategy
• Business will need to adopt sustainable practices in order
to insure long-term survival.
• Firms that fail to adopt to the converging lines of
decreasing availability of resources and increasing demand
risk their own survival.
2. Significant cost saving can be achieved through
sustainable practices
• Business stands to save significant costs in moves towards
eco-efficiency.
• Savings on energy use and materials will reduce not only
environmental wastes, but spending wastes as well.
• Minimizing wastes make sense on financial grounds a well
as environmental grounds
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WhybeSustainable?
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3. Competitive advantages exist for sustainable businesses
• Firms that are ahead of the sustainability curve will have an
advantage serving environmentally-conscious consumers,
as well as enjoying a competitive advantage attracting
workers who will take pride and satisfaction in working for
progressive firms.
4. Sustainability is a good risk management strategy
• Avoiding future government regulation
• Will set the standards of best-practices in the field.
• Avoiding legal liability for unsustainability products
• Consumer demand and consumer boycotts of
unsustainable firms are also a risk to be avoided.
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PrinciplesforSustainableBusiness
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1. Firms can evolve toward a sustainable
business model by not allowing resources to
enter into the economic cycle from the
biosphere at rates faster than which they are
replenished.
2. Ideally, waste should be eliminated or, at a
minimum, not produced at a rate faster than
which the biosphere can absorb them.
3. Finally, the energy to power the economic
system should be renewable.
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Reference used: Business Ethics: Decision Making
Personal Integrity & Social Responsibility by McGraw-
Hill/Irwin
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END. THANK YOU.
Editor's Notes
Environment do not have substitutes. Not infinite like goods. Produce more pollution actually. Markets alone fail to to guarantee that ifjfid are preserved and protected.
This approach underestimates the influence that business can have in establishing the law. This approach also underestimates the ability of business to influence consumer choice. Assuming that business is not going to stop advertising its products or lobbying the government, this model of corporate environmental respo. Is likely to prove inadequate for protecting the natural environment.
This approach underestimates the influence that business can have in establishing the law. This approach also underestimates the ability of business to influence consumer choice. Assuming that business is not going to stop advertising its products or lobbying the government, this model of corporate environmental respo. Is likely to prove inadequate for protecting the natural environment.
This approach underestimates the influence that business can have in establishing the law. This approach also underestimates the ability of business to influence consumer choice. Assuming that business is not going to stop advertising its products or lobbying the government, this model of corporate environmental respo. Is likely to prove inadequate for protecting the natural environment.
This approach underestimates the influence that business can have in establishing the law. This approach also underestimates the ability of business to influence consumer choice. Assuming that business is not going to stop advertising its products or lobbying the government, this model of corporate environmental respo. Is likely to prove inadequate for protecting the natural environment.
This approach underestimates the influence that business can have in establishing the law. This approach also underestimates the ability of business to influence consumer choice. Assuming that business is not going to stop advertising its products or lobbying the government, this model of corporate environmental respo. Is likely to prove inadequate for protecting the natural environment.
This approach underestimates the influence that business can have in establishing the law. This approach also underestimates the ability of business to influence consumer choice. Assuming that business is not going to stop advertising its products or lobbying the government, this model of corporate environmental respo. Is likely to prove inadequate for protecting the natural environment.
This approach underestimates the influence that business can have in establishing the law. This approach also underestimates the ability of business to influence consumer choice. Assuming that business is not going to stop advertising its products or lobbying the government, this model of corporate environmental respo. Is likely to prove inadequate for protecting the natural environment.