Do we need to change the way business is handled if we want to save the environment?



  1. 0 Votes

    Yes. There is a concept floating round called corporate social responsibility, where companies are being held responsible for the damage they do both socially and environmentally. Previously, companies were able to externalize these costs, meaning they let society at large deal with them. For example the dumping of chemicals into rivers that then must be purified for drinking water or muscling local businesses out of business so they will be the only employer in town thus paying minimum wage and no benefits leaving medicare and the welfare system to pick up the slack. In this model businesses were encouraged to be destructive because it increased their bottom line since this costs were carried by others. Many new “social entrepreneurs “are looking to what they call the triple bottom line; people, planet, and profit. They are creating business models that create value in all three realm, social, environmental, and economic.

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