Lecture Business and society - Chapter 15: Sustainability and The Natural Environment

Contents: The Sustainability Imperative, The Natural Environment, A Brief Introduction to the Natural Environment, The Impact of Business upon the Natural Environment, Responsibility for Environmental Issues, The Role of Governments in Environmental Issues, Other Environmental Stakeholders, Business Environmentalism, The Future of Business: Greening and/or Growing? | © 2015 Cengage Learning Chapter 15 Sustainability and The Natural Environment © 2015 Cengage Learning Learning Outcomes Discuss the concept of sustainability, and compare and contrast it with environmentalism. Describe ten major natural environment issues. Describe the NIMBY and its impact on environmental problems. Discuss the roles that business and government play in environmental issues. Explain the concept of environmental ethics. © 2015 Cengage Learning Chapter Outline The Sustainability Imperative The Natural Environment A Brief Introduction to the Natural Environment The Impact of Business upon the Natural Environment Responsibility for Environmental Issues The Role of Governments in Environmental Issues Other Environmental Stakeholders Business Environmentalism The Future of Business: Greening and/or Growing? Summary Key Terms © 2015 Cengage Learning Sustainability and the Natural Environment Sustainability - Business that meets the needs of the present . | © 2015 Cengage Learning Chapter 15 Sustainability and The Natural Environment © 2015 Cengage Learning Learning Outcomes Discuss the concept of sustainability, and compare and contrast it with environmentalism. Describe ten major natural environment issues. Describe the NIMBY and its impact on environmental problems. Discuss the roles that business and government play in environmental issues. Explain the concept of environmental ethics. © 2015 Cengage Learning Chapter Outline The Sustainability Imperative The Natural Environment A Brief Introduction to the Natural Environment The Impact of Business upon the Natural Environment Responsibility for Environmental Issues The Role of Governments in Environmental Issues Other Environmental Stakeholders Business Environmentalism The Future of Business: Greening and/or Growing? Summary Key Terms © 2015 Cengage Learning Sustainability and the Natural Environment Sustainability - Business that meets the needs of the present without compromising the ability of future generations to meet their own needs. Akin to walking lightly on the earth, taking only what’s needed, and leaving behind enough for future generations to have access to the same resources. Sustainability means running the global environment – Earth, Inc. – like a corporation: with depreciation, amortization and maintenance accounts. Keeping the asset whole, rather than undermining your natural capital. © 2015 Cengage Learning The Sustainability Imperative (1 of 2) Businesses used to label the environment an externality and paid no attention to the damage they caused. Now, it requires action, both a necessity, and an opportunity. CERES identifies several key drivers: Competition for resources - demand is growing more quickly than they can be replaced. Climate change - business must be prepared to respond to new policies regarding emissions, and to take advantage of new technology. Economic globalization - wide disparities in social and .

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