The Concept Of Green Business

Many believe that business entities should have an ethical duty to be socially responsible, to work towards increasing its positive effects on society while decreasing its negative effects. Many organizations look for opportunities to be socially responsible while also creating shareholder wealth.

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Because corporations are established to profit and shareholders invest money with expectations of a greater return, managers cannot be given a directive to be “socially responsible” without providing specific criteria of checks and balances to which needs to adhere. Therefore, it is imperative to the success of a corporation for managers to not act solely but rather to act within the policies of the shareholders.

Make the company “go green” by encouraging a greener environment inside the company as well as making any future banks sustainable

Lynn Sharp Paine, in his book “does ethics pay?”, have claimed that ethics is important to maintain reputation and create an added value for the company, and that our society needs to narrow the gap between thinking that something is good and that something is profitable. “The profits that can potentially be made from green investments are miniscule compared to the profits capital makes by exploiting resources at unsustainable rates and externalizing environmental costs” (Engler,

or so many years our society has been thinking of forming new creative and innovative businesses, which would be more environmental and customer friendly. Nowadays a large number of different companies follow the social, ethical, as well as moral consequences when it comes to their decision making. One of the relatively new concepts involving economic and social concerns is Corporate Social Responsibility. Many of us apply this approach not only at work, but also in everyday life without even recognizing.

This is a persuasive paper defining various business terms like corporate social responsibility and equal distribution of wealth. The thesis statement does state that the CSR programs are applied in various developed organizations to set an example for small and rising enterprises whereas the anti thesis statement is that there are no moral obligations felt by businesses to be involved in CSR. The financial aspect of CSR activities is also discussed; at times it is thought that involvement of business in any environmental friendly work may lead to higher costs whereas an opposite point of view is that CSR increases long run profit (Aras & Crowther, 2009). Now day’s Triple bottom line concept is aligned with business which is another

One may be that profits will be reduced, if latest ‘green’ methods of production or waste disposals are always being purchased. Without high profits businesses will be less able to expand and produce higher amount and quality of goods. In many countries, legal protection of the environment is weak and inspection systems are inadequate. There will, as a result, be less risk of legal action and heavy fines against business activity in these countries. Furthermore, in developing countries it is argued that economic development is more important that protecting the environment. Businesses can achieve more 'good' by producing cheaply in these countries that if they were forced to always adopt the 'greenest' production strategy.

Intro: This report will aim to define responsible business, in relation to the vast range of topics such as Corporate social Responsibility/Corporate Citizenship, sustainability, whilst comparing these through academia and their different meanings relating to Responsible Business. Furthermore, this report will also aim to critically analyse climate change and its effect in relation to making Business more responsible as well as the drawbacks/opportunities this holds for business. Finally, this report will exploit the relation between government and Business; identify possible barriers for businesses through government via academic views and evidential impacts on businesses and how government supports business to create a more sustainable world, through incentives such as the climate change Act 2008.

‘Corporate social responsibility’ (CSR) means that the firm has wider responsibilities in relation to objectives and people apart from the owners or shareholders (Beal and Goyen 2005). These responsibilities are achieved when the firm adapts all of its practices to ensure that it operates in ways that meet, or exceed, the ethical, legal, commercial and public expectations that society has of business. Objectives often associated with CSR include a responsibility to manage natural assets sustainably and not to pollute by chemical discharge, smell, noise, dust or other irritants; fair treatment of employees and ethical attitude towards clients. The other people include employees, customers, suppliers,

“As a final but very important thought, proper training is essential,” says Sawchuk. “Not only are the chemicals powerful and potentially hazardous, but hotel floor care is the most labor-intensive of all cleaning tasks. Proper training reduces injuries, cuts costs and improves worker productivity as well as the floor's appearance. Proper and

Given as the capitalistic world is not all too convinced by altruism, these investments are unjustified to the entrepreneurial mind if they exist only to detract from the company’s profitability. However, analyzing the short-term and long-term consequences for the company’s operations and workforce, its consumers, and its shareholders, it can be argued that environmentally responsible decisions can contribute to its profitability.

Numerous debates have been waging over the past few years among business elites about the whether or not a corporate entity has a responsibility to society. It’s an extremely interesting topic with real and global ramifications that impact nearly every person and animal on this planet in one form or another. Anyone who owns public shares in a company has invested hard-earned money into a corporation based upon their perception that the company will be profitable and sustainable. The corporation’s board of directors are then responsible to manage the company in such a way as to increase their share-holders’ investment. For hundreds of years, this attempt to increase a corporation’s worth was done with little or no interest in social responsibility. Until very recently this topic was not very much in the public eye. However, at the moment the global economy is rapidly changing and business transparency is increasing through the accessibility of information across the world. Social and global change is moving faster than ever and progressing through this century any business will undoubtedly need to keep up to remain profitable. More mature business students will certainly recall being bombarded with the idea that the only responsibility of a corporation was to increase the value of the company and maximize long-term shareholder wealth without regard to ethics or social obligations. Is there a correlation that occurs between large multinational corporations and their

Instead, it is important to examine the possible routes, mechanism, and solutions to guide businesses to integrate its economic growth, managerial responsibilities, social and environmental negative impacts in an integrated framework of responsive liability, avoiding decisions lightly. Moreover, it's necessary to go through the real company intentions and reasons to structured corporate social responsibility (CSR) as companies value because it is growing the number of businesses that use this initiative as a strategy to alleviate pressures or avoiding governmental regulations or stakeholders demands (Küpers,

This paper compares the three most common types of environmental responsibility that most businesses will follow due to law, business ethics, or their own need. The articles differ due to the type of business, and also which responsibility they either chose or are forced to follow. The first article addresses how the laws can force the fishing industry to follow the limits it imposes in the marine reserves found across the world. The second article addresses how ensuring future production can force a company to address the responsibility of finding a different type of product to use in order for the other to repopulate and ensure the use of it in later years. Finally, the third article relates to how a company follows its own business