MGM102H5 Chapter 2: Chapter 2 The Environment and Sustainable Business Practices
Document Summary
Chapter 2 the environment and sustainable business practices. Absent of regulations for governing business behavior, prosperity was measured by activity and monetary gain, not by long-term legacy and environmental stewardship; integration of sustainability values into managing of environmental resources. >full integration of business strategies and environmental responsibilities. Degradation; deterioration of environment thru depletion of resources and destruction of ecosystems. Gdp growth (measure of domestic consumption/production) disregard for the value of natural resources, nature of our planet, and the true well-being of our society. Successful economic development ratings need to include measures such as protection of biosphere, sustainable use of global resources, energy conservation, environmental restoration, waste reduction, safe waste disposal practices, and public education toward planetary stewardship. As population growth is anticipated, govts, businesses, and citizens must respond in ways never thought of before to five critical sustainability challenges: climate change, pollution and helath, energy crunch, resource depletion, and capital squeeze.
