The Role of Business in Protecting the Environment

Businesses who participate in environmentally friendly practices will become more profitable. There are difficulties and costs that a business will face and profit takes time but is proven to positively impact a business. “The reluctance to address the forces that are polluting the planet always comes down to money (Smith, “6 Reasons Nations Don't Go Green.”). Implementing environmentally friendly practices within a company “will win them customers, and increase profits” (McDonald, “Why Do (or Don’t) Companies Go Green?”). Many global companies today carry out environmental management tools to adapt to environmentally friendly practices, which helps gain customers, and in turn becomes more profitable. In this paper, I will go into further detail explaining why businesses should be more environmentally friendly, the benefits to be gained, costs that come with being environmentally friendly, and management ways that help a company become environmentally friendly.

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

Environmental change is a logical certainty, and progressively a lived human concern. However, it is not yet what everybody should call social-global problem in one voice. It's not an essential almost we shape our social practices, nor a sufficiently huge social standard to go about as an imperative on our conduct. Around the planet there is developing energy to characterize environmental change as a security issue and thus as a motivation topping issue that merits noteworthy consideration and assets. Calls for movement are developing - yet at the same time outlined activities to address the issue has a cost or weight that will hamper business and go about as a drag on the economy.

To a regular person, the global concern about ‘going green’ might appear as a result of speculation from nervous politicians and alarmed citizens. But the reality is totally different. In recent years, businesses have gained much knowledge about the impact of their activities on environment and in turns their customers. Businesses are successively venturing to earn greater revenues. In this process, they are trying out every best possibility to entice their contributors- from customers to investors. Regardless to say, stakeholders these days are more socially responsible than ever. So to keep up to their expectations, businesses are also trying to expand or limit their activities to save the environment- from doing relentless research on lowering waste to lean management and even trying out various eco-friendly activities. Despite of all these, the ultimate question remains unanswered if it is financially beneficial to adapt those initiatives that is going to serve the

McManus, B. (2009). Vital to Business Survival: Assessing the Impact of Environmental Pressures. GreenBiz, 1-4.

Companies constantly face the ethical problem of destroying the environment to create a product. There is a dilemma between creating a good people want, and preserving the environment. I believe there must be a balance between serving the present and the future. Regulations must be more strict in unnecessary destruction, but also understanding that some processes are needed for the well-being of present society. Considering the future and understanding that we are digging a deeper hole for humanity is required, but completely rejecting this change is

It is a fact that people in different parts of the world have already experienced and realized the detrimental effects of their activities where they live. As much as people do not like to live in a dirty city, they are concerned to cut down all the forests and to poison the entire potable water. The governments of different countries together with businesses are ready to implement and fund programs to restore and preserve the environment, but the difficulty lies in the fact that different countries, like people, have different levels of understanding and implementation of these actions. Mahatma Gandhi said: “Earth provides enough to satisfy every man's needs, but not every man's greed.” It is not difficult to understand, that the main geneses

“Businesses are an integral part of the communities in which they operate. Good executives know that their long-term success is based on continued good relations with a wide range of individuals, groups and institutions. Smart firms know that business can’t succeed in societies that are failing—whether this is due to social or environmental challenges, or governance problems. Moreover, the general public has high expectations of the private sector in terms of responsible behavior. Consumers expect goods and services to reflect socially and environmentally responsible business behavior at competitive prices. Shareholders also are searching for enhanced financial performance that integrates social and environmental

The world economy is currently undergoing a transformation born by the rise in demands of those services and products that are less harmful to the environment, therefore leading to opportunities

When looking at the corporate businesses and the undoing of the human habitat; the United Nations has sanctioned many organizations to track climate change such as the UNEP, the World Meteorological Organization and the IPCC. Since the mid-eighties, these agencies have monitored the changes, yet have failed to convey the significance. Studies done by these agencies have concluded that the last fifty years are attributable to human activities and big corporations which lead to the changing in the compositions of the atmosphere throughout the 21st century (Saltori). These activities that are mentioned are those by means of businesses that grew into national conglomerates. Concurrent with business growth, the greenhouse gas emissions have grown seventy percent from 1970 to 2004 (Lehner). Recent studies have shown that 122 corporations produce eighty percent of greenhouse gases (IPCC). The climate is going to drastically change the world forever, but at whose expense? What exactly does the political eminence of these companies have

One positive implication capitalism has to the natural environment is industrial ecology, a system of chain production and consumption, serving to the lowest environmental impacts in a most environmentally sustainable economy as the main goal of operation (Richards & Pearson, 1998). The Companies in a like to operate in such way because of four major reasons. The most important factor is known as the corporate well-being, for it is determined by higher profits and growth provided by innovations in an industry. Profits are increased from recognizing the production ineffiency costs that comes from wasted inputs and energy losses; this allowing cost savings to increase and ineffiency to decrease. compliance with cleaner technology alternatives such as ones that produce less waste and less energy will provide long term savings which are both beneficial to the environment and the business at hand. A real world example freight company changes their salvaged driving equipment to hybrid vehicles. Money is temporarily lost, but the gasoline and maintenances cost savings will compensate in a long run period of time.

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.

During the course of the semester, I continue to placed high emphasis on the Brundtland commission because it give birth to the word “sustainable development” which environmental policy makers continue to relied on to enhance environmental protection. Authors of International Environmental Law and Policy for the 21st century, Nanda and Pring, write, “The message of the Brundtland Report was that it is possible to achieve a path of economic development for the global economy which meets the need of the present generation without compromising the chances of future generations to meet their needs” (Nanda and Pring 2013, 27). The Brundtland commission provides is a clear indication that society should place emphasis on creating focus create sustainable economic program aimed at providing renewable resources and reduce our consumption of nonrenewable product. To achieve this concept of sustainability, corporations have a leading responsibility to make this a priority to enact policies and implement governmental regulations in achieving sustainability. With this been said, I agreed with Stuart L. Hart, that multinational corporation have the moral responsible to enhance environmental protection. Hart writes “Business- more than either government or civil society –is uniquely equipped at this point in history to lead us toward a sustainable world in the years ahead”(Hart 2010,19). Over the years, globalization, politics, and business interest have impacted businesses to make

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.

Business people today are more aware about the social and the environment impact of their business than in the past. They start taking into account activities in helping others and preserving the environment as a main part of their business model. Business is no longer solely aim for profit as they have much larger purpose than that. However, to achieve that purpose, the business people need the Government and NGOs to create strong synergy in achieving the desirable outcome.