Certification of Sustainability
This chapter introduces the reader to different ratings created and employed to measure sustainability. In building relationships with consumers for sustainable products or business, the trust and certification of sustainability is dependent upon measurem
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Sustainability in Business
David Hobson Myers
Sustainability in Business A Financial Economics Analysis
David Hobson Myers D’Amore-McKim School of Business Northeastern University Boston, MA, USA
ISBN 978-3-319-96603-8 ISBN 978-3-319-96604-5 (eBook) https://doi.org/10.1007/978-3-319-96604-5 © The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2020 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, expressed or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Cover pattern: © Melisa Hasan This Palgrave Macmillan imprint is published by the registered company Springer Nature Switzerland AG The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland
Preface
Since the initial draft of this book, the world has been changed by the COVID-19 crisis. The crisis, however, serves to highlight the choices societies, businesses, and individuals make. The importance of a clear, concise, consistent, and convincing decision model is thus that more critical. The original aim of the book was to provide such a context for understanding the choices businesses make among their current and future shareholders, customers, employees, suppliers, and communities. The decision model structure presented here may help students and researchers make sense of the world and the choices they now face. Sustainability is about ethics, philosophy, and social interactions. It is about how people approach each other and how they approach future generations. Economics is about choices and scarce resources. Business necessarily lies across both sustainability and economics. The choices highlighted in today’s world of pandemic, geopolitical unrest, and economic uncertainty make that a very stark reality. The “green” movement has aimed some of its efforts towards reducing plastics and greenhouse gases. The pandemic has switched society from moving towards more
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