Accounting For Water Paper # 8

According to the International Water Management Institute environmental research organisation global water stress is increasing, and a third of all people face some sort of water scarcity. Where demand exceeds supply and no effective management operates, there will be conflicts between the various players involved.

Water scarcity is an environmental problem that reaches around the globe. This lack of water is called the World Water Crisis. In the U.S, people are privileged enough to be able to use clean water for many things. However, the U.S is effected by water scarcity as well as countries who are underdeveloped and aren 't as privileged as we are. Only 2.5 percent of Earth 's water is fresh water, of which industrial uses account for 22 percent of available fresh water, domestic use requires only 8 percent, and the rest-over two-thirds of our demand-is used for agriculture. Water is said to be a right for all living things, however, many underdeveloped countries in the world, such as Ghana or Rajasthan, are victims of corporations who come

Sustainability from a strategic business perspective is the potential for the long-term well-being of the natural environment, including all biological entities, as mutually beneficial interactions among nature and individuals, organizations, and business strategies. (O.C Ferrell, Fraedrich, Ferrell, 2015). Business sustainably is often defined as managing the triple bottom line – a process by which companies manage their financial, social and environmental risks, obligations and opportunities. These three impacts are sometimes referred to as profits, people and planet. (Business sustainability definition from financial times lexicon, no date). This essay will discuss the idea of sustainability being an important element within a businesses and its core strategies and the importance of it within different businesses. Secondly, this study will look at how different stakeholders are affected and influenced by sustainability as this could be seen as a catalyst to improving the environment as a whole and. Then this study will look at how businesses not focusing

Bertrand Piccard quotes, “In the 21st century, the heroes will be the people who will improve the quality of life, fight poverty and introduce more sustainability. This is a powerful message, it sums up the concepts discussed throughout the course. Additionally, the case studies such as the New Belgium Brewery, SC Johnson and The Kimberly Clarke organization have been proven to practice this philosophy. As society progresses in its efforts to provide a more sustainable future, there is a fundamental foundation of principles that must be followed to ensure success. Sustainable business development takes into account the application of business operations as it relates to the three pillars of sustainability, which is a dynamic yet integrative place to begin this journey. DesJardins, (2006) calls for a re-imagination of the future to create a vibrant sustainable model; which forms similar beliefs to Piccard. In addition, organizations are more inclined to create sustainable practices based on consumer demand and the willingness of leadership to participate in sustainability programs.

The Triple Bottom Line (TBL) accounting concept and framework was first created by John Elkington in the mid 1990’s, and has since changed the way for-profit, non-profit and government agencies measure the sustainability of their initiatives and company. The TBL framework is flexible and can be adopted and molded based on the specific needs of an organization. The framework is comprised of three parts, which are: social (People), environmental (Planet), and financial (Profit), commonly referred to as 3Ps. This framework does spark debate regarding the ethical problems behind measuring, quantifying and accounting for social and environmental variables, which is often not supported by many

What is "the tragedy o the commons"? Explain how the concept might apply to an unregulated industry that is a source of water pollution?

Around 44% of American citizens rely solely on groundwater from aquifers for their drinking water, according to the National Ground Water Association (NGWA), a cooperative organization dedicated to improving groundwater knowledge (National Ground Water Association [NGWA], 2010). However, groundwater depletion in California’s Central Valley has begun to have a more pronounced impact on the population and the environment located in this area. Groundwater depletion in this region developed partly because of a problem represented by the idea of the tragedy of the commons, which is expounded upon by Thomas Dietz, Elinor Ostrom, and Paul Stern in “The Struggle to Govern the Commons” (Dietz, Ostrom, & Stern, 2003). The concept of the tragedy of commons evolves from the belief that individuals will undoubtedly act in their own self-interest when a shared resource, such as water or air, is at stake as explained by Dietz, Ostrom, and Stern (2003). Garrett Hardin (1968), the father of this theory, wanted to explain that there has to be a change in the world’s approach and “ideas of morality” to prevent the exhaustion of limited resources.

Many people know that water is essential for human-being and it is not only valuable for health and life, but water is also important for industry and agriculture. Furthermore, use of water has a spiritual, cultural and recreational dimension. However, water resources are not infinite. Wide and inefficient use of water resources can lead to irreversible consequences, such as water shortage. This essay will firstly discuss the problem of water shortage on examples of developed and developing countries and include the diversification of the same issue in the different parts of the world. It will also identify causes and effects of this environmental problem on society and other spheres of life. Moreover, in this essay I am going to propose

TBL is a sustainable model for business that balances financial success, community participation together with ecological sustainability. The firm which employs triple bottom line towards capturing the set significances, processes as well as issues of the company might decrease and determine whichever harms resulting from company’s operations then create economic, social as well as environmental values of that the company. The model typically outlines that everything is supposed to taken into account that needs of the company 's shareholders, employees, stakeholders, governments, clients, business partners, local communities together with the entire public. Reporting through Triple bottom line (TBL) is currently turning out to be more ordinarily used across several sectors within

The author, Maude Barlow, begins her article by stating that there is a problem concerning the world’s water and how it can affect the people’s way of living. She includes three possible outcomes that could result from how people are mistreating the water supply. Sources of freshwater are becoming scarcer as people keep polluting and depleting them. As the lack of clean freshwater decreases, the amount of children dying increases, more so than war and diseases altogether which occurs more frequently with those that are of low socioeconomic status. Those that belong to companies dealing with water exchange are taking advantage of the shortages by selling them to regular people at expensive rates; this could ultimately lead to the market’s dictating

To be ethic, to be responsible to the society should be the new role of accounting in society. That’s the reason critical perspective accounting have been put forward. It is a theory that questions prevailing social order and how accounting practices actually contribute to inequities. One breach of it is to provide a sustainability report or tribe bottom line that report the social, environment and economic.

The classic essay Tragedy of the Commons describes the dilemma society faces when the interests of a group conflicts with the interests of individuals (Hardin, 1968). The example presented is that of a group of cattle ranchers commingling their cattle in a common pasture. At full capacity, each cattle owner still has an incentive to include additional cattle, since the slight decrease in overall yield per animal is offset by the additional animal. Unfortunately, this overgrazing inevitably leads to failure of the commons. The community goal of maximizing food production can only be achieved by placing controls on the interests of the individual cattle ranchers in favor of those of the community (Hardin, 1968). This paper is

TBL is a sustainable model for business that balances financial success, community participation together with ecological sustainability. The firm which employs triple bottom line towards capturing the set significances, processes as well as issues of the company might decrease and determine whichever harms resulting from company’s operations then create economic, social as well as environmental values of that the company. The model typically outlines that everything is supposed to taken into account that needs of the company 's shareholders, employees, stakeholders, governments, clients, business partners, local communities together with the entire public. Reporting through Triple bottom line (TBL) is currently turning

“The Tragedy of the Commons” written by Garret Hardin explains how the human population is degrading the environment. When Hardin refers to commons he is talking about a resource that is owned by no one and used by a group of people. Some examples of commons include the air we breathe, the water we drink, and the oceans we fish. The tragedy is that people don’t look at the bigger picture; the over use of commons for our own personal benefit leads to the destruction or extinction of these commons. For example if one fisherman wants to fish the oceans as much as possible that’s fine, but now imagine if every fisherman wants to fish the oceans as much as they can, this is one example of a common being destroyed by the human population. The

In a culture based on consumption and consumerism businesses are the forefront of society providing every good and service imaginable. Although, in today’s society there has been an increase in significant issues concerning the ecology of our planet that have come along with this consumer culture. With issues such a lack of clean water, lack of food, lack of energy and a rapid decline in biodiversity. This rapid decline in natural resources is due to mostly to the over consumption and alteration of the planet and its resources. Where do we start though in the process to protect and preserve our resources? It starts with the very businesses that we all buy from; a major part of our everyday lives and the largest consumers of resources businesses can play a large role in sustainability and climate action. Increasing pressure is being put on businesses to create a more sustainable society, this is being done through many business sustainable business efforts.