3 Pillars of Sustainable Development

Setting out the responsibilities of directors and establishing the accountability of the board of all the company's stakeholders such that it includes the systems and tools used to achieve the company's environmental objectives and their effectiveness in meeting desired outcomes

The physical world, including all biological entities, as well as the interaction among nature and individuals, organizations and business strategies

5 Global Environmental Issues

Air pollution typically arises from 3 different sources

This is the result when nitrous oxide and sulfur dioxide from factories react with air and rain; it may corrode paint and deteriorate stones

A treaty proposed among industrialized nations to slow global warming

Types of Atmospheric Issues

Results from dumping of raw sewage and toxic chemicals into rivers and oceans, from oil and gasoline spills, and from the burial of industrial wastes in the ground where they may filter into underground water supplies

There has been six fold increase in water use worldwide since 1990 and as a result one fifth of the worlds population now has no access to safe drinking water

Types of Water Issues

Results from the dumping of residential and industrial wastes, strip mining and poor forest conservation

Types of Land Issues

The worlds tropical forest, which cover just 7% of the Earth's land surface account for more than half of the planets biological species

Involves transferring one or more genes from one organism to another to create a new life from that has unique traits

Business Response to Environmental Issues (4)

Refers to the specific development, pricing, promotion, and distribution of products that do less harm to the environment

Is developing new "hybrid" pickup trucks and buses that employ electric motors to augment their internal combustion engines, improving the vehicles fuel economy without a loss in power

The process of materials especially steel, aluminum, paper, glass, ruber and some plastics for reuse

Energy sources that are commonly accepted as having relatively low impact on human, animal and ecosystem health

Defined as "that which attempts to take I to account the public consequences of organizational buying or bring about positive social change through organizational buying behavior"

Is any action deliberately taken to manage human activities with a view to prevent, reduce or mitigate harmful effects on nature and natural resources and ensuring that man-made changes to the environment do not have harmful effects on human

Environmental Policy Compromises 2 Major Terms

Primarily refers to the ecological dimension

Also take account of social dimension

An economic dimension

Primarily refers to the ecological dimension but can also take account of social dimension and an economic dimension

Can be defined as a course of action or principle adopted or proposed by a government, party business or individual

Are tools used by government to implement their environmental policies

The protection and preservation of health and human life

Is "controlling human or societal behavior by governmental or self rules or restrictions. Regulations can be seen as implementation artifacts of policy statements

Business have responded to the opportunities and threats created by environmental issues with varying levels of commitment