The paper "Is Sustainability Relevant to Business and Accounting - Tassal " is a perfect example of a business case study. Generally, most common commercial fish species have almost been exploited by fishermen with most fished beyond their sustainable levels. Governments and other key stakeholders in the industry point out that aquaculture will be the most important way to increase global fish supply and it is expected that by 2030 the industry will be dominated by aquaculture as opposed to current dominance by wild catch. Although Australian aquaculture contributes a substantial percent to the export market, competition has increased in recent years from the European countries, Asia and North America.
There is potential for growth in the industry in Australia since over 60 percent of the seafood consumed is imported and trades at relatively low prices as compared to high-quality exports from the country. With the increased interest in global standards of sustainability reporting, policymakers have faced the challenge of coming up with a universal meaning of sustainability or well-being, the private sector sustainability frameworks are generally guided by legal requirements, industry standards and a holistic view of the supply chain with closer consideration to the impacts on the environment, economy and the cost involved. Introduction Sustainability is a broad concept borrowed from sustainable development.
The UN Brundtland Commission viewed sustainability as economic growth that satisfies the present needs of the inhabitants of the planet with no effect on the morrow’ s generation’ s ability to meet theirs. Sustainability viewed from the broader perspective includes human activities that affect the economy, society, and the natural environment with considerations to future developmental aspirations of the affected population. With the increased interest in global standards of sustainability reporting, policymakers have faced the challenge of coming up with a universal meaning of sustainability or well-being.
For example sustainability reporting approach in the private sector largely differs from the approach the public sector adopts in most economies.
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