Required: 1. Discuss the following statement. Include the core elements of sustainability in your discussion. ‘The concept of sustainability development applies to national economies but has nothing to do with individual businesses.’ 2. An increasing number of companies are reporting their sustainability performance. Explain why organisations report their sustainability performance, particular when in many countries such reporting is voluntary. Does the increase in the number of companies reporting their sustainability performance necessarily means that these are more sustainable in their outlook and performance? Discuss.

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Policy Instruments for Environmental protection

Policy Instruments for Environmental Protection link policy development and decision making to policy implementation to protect the environment and promote sustainable development. Economic growth brings great risk to the environment and often puts increased pressure on environmental resources. But it is the responsibility of the policymakers to ensure that the risk caused to the environment through developmental projects is kept in check. Environmental protection is central to sustainable development. They can be both beneficial and equitable. Environment protection policies can be used to deter environmentally damaging activities. They also improve social equity and raise revenue.