Essays on Importance of Involving Businesses in Social and Environmental Sustainability Coursework

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The paper "Importance of Involving Businesses in Social and Environmental Sustainability" is a good example of business coursework.   Human population which is ever-increasing and the uninhibited industrial growth have been said to be the major causes of havoc in the downgrading of the natural environment. This has been a matter that needs urgent addressing with the intergovernmental panel on climate change reporting on global warming shows evidence that climate change is a reality and a threat which is very near. There is an increase in awareness creating in the society about environmental problems such as climate change, destruction of the ozone layer and planetary resources.

The issue which is of great concern now is how much, where and when climate change will happen (Sandhu, 2010). It has been accepted as a fact that businesses have a major role in contributing to climate change and more so they also have much potential in alleviating the same. This, therefore, stresses that if there is something that can never happen is separating economic development from environmental issues (Stern Report 2006). Economic development does damage the environmental resource around it leading to all the blame regarding environmental degradation laid on the business system even when the government, businesses and the society are working hard in hard to achieve sustainable developments. It is clear that business is central to a system which is destroying the earth and if this is allowed to continue, then the wilderness, indigenous culture, endangered species or uncontaminated water won’ t be able to stand the global market economy.

This being the case, the entire business sector has recognized the fact that this view is widely recognized and used by the government and the society at large (Sandhu, 2010). To counter the blame, the businesses have decided to incorporate the environment in their decision making and thus have taken up the challenge and started responding in environmentally responsive ways (Hart 2007).

Baring in mind that business is that involved in degrading the environment, it is important therefore to have them be actively involved in mending the holes. Wide strides made the governments and NGOs in the developing countries have tried hard and successfully instilled it on the businesses that sustainability and environmental issues are of great concern having been destroyed in a big way by many business entities. At the moment, businesses are way ahead for they are using environmentalism as a strategic tool for gaining competitive advantage (Schwartz 2007), delivering themselves from what was referred to them as poachers to gamekeepers.

It is not a matter of compliance now but a matter of self-regulating one's environmental conduct; i.e. adopting environmental performance standards that exceed the requirements of the government regulations. In as much as the businesses are committed to environmentally responsible practices, the environmental regulators impair economic competitiveness.

Environmental initiatives and compliance have had its costs shot up and there is no economic payback for this. In the business realm, it is worth noting that sustainability is a combination of environmental, social and economic performances (Sandhu, 2010). Business organizations need to be responsible environmentally for it is well know that environmental responsibility cover environmental implications of the company operations, products and facilities; eliminating waste and emissions; maximizing the efficiency and productivity of its resources; maximizing practices that might affect the enjoyment of the country’ s resources by generation, for example, the case of Timberland ltd (Swartz 2010)

References

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Hart, S. L., 2007, Capitalism at the Crossroads: Alligning Business, Earth and Humanity. Upper Saddle River, NJ: Wharton School Publishing.

Stern Report., 2006, “Stern review: The economics of climate change,” http://www.hm-treasury.gov.uk/independent_reviews/stern_review_ economics_climate_change/stern_review_report.cfm, accessed March 6, 2007.

Schwartz, P., 2007, “Investing in global security,” Harvard Business Review 85(10): 26–28.

Swartz, J., 2010, 'Timberland's CEO on standing up to 65,000 angry activists', Harvard Business Review, vol. 88, no. 9, pp. 39-43.

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