BAET 20300 Lecture Notes - Lecture 12: Natural Capital, Natural Capitalism, Precautionary Principle
22 Jan 2016
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Document Summary
Creates a new global space for business to manage. Environmental responsibilities cannot be met without a conscious restructuring of business operations. Sustainability financially, socially, environmentally triple bottom line. The huge unmet market potential among the world"s developing countries can only be met in sustainable ways base of the pyramid (bop) Sustainability is a prudent long-term strategy for corporations. Significant cost savings can be achieved through sustainable practices. Business can stay ahead of legislation o o o o o. Stakeholder concept community (humans, environment) as stakeholder - constituent to which management is responsible. Intrinsic value of environment may be motivated by theistic, aesthetic, non-moral considerations, but ethical case alone is sufficient. Social justice issue disproportionately created by wealthy; costs born. Classical model of csr natural objects have no value in their own right and have value only to the degree that humans place value upon them there is no right state of nature no objective standard.
