Elgar original reference
Edited by Andreas Georg Scherer and Guido Palazzo
Chapter 8: Corporate Citizenship and the Environment
Paul Shrivastava Introduction The Earth’s continuing degradation due to human activities is now a global concern. For the past three decades, both governments and corporations around the world have struggled with contemporary challenges of business–environmental regulation and the provision of global environmental public goods. Over 150 treaties have been proposed, signed and implemented, the Montreal Protocol, the Kyoto Treaty, and numerous Earth summits among them. We are making good progress on some aspects of understanding and controlling environmental degradation. For example, today as compared to three or even two decades ago, we have much better scientiﬁc understanding of natural environmental assets, climate changes, and the impact of human activities on them. We have better national and international policies and standards guiding ecological sustainability (Dowell et al. 2000). There is better inspection surveillance and monitoring of environmental pollution and natural resources than in the past, and there is better environmental regulation of corporations in most countries. Corporations have acknowledged the importance of dealing with ecological sustainability within the logic of their traditional business models. And there are calls to adopt the ‘triple-bottom-line’ model that argues for judging corporate performance on ﬁnancial, social and ecological performance measures (Savitz and Weber 2006). Corporate eﬀorts focus on a wide range of issues, such as reducing the use of virgin materials, using production methods that are more ecologically eﬃcient, preventing pollution, designing eco-friendly products and packaging, and managing waste in an ecologically sound way. Companies are adopting environmental management programs that...
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