Frameworks, Strategies and Tools
Elgar original reference
Edited by M. A. Quaddus and M. A.B. Siddique
At the United Nations Climate Change Conference held in December 2009 in Copenhagen, Mr Baan Ki-moon, secretary general of the United Nations, delivered a passionate speech on climate change. In his speech he spoke of ‘a new era of clean development and green growth for all’. It is clear that the two most important stakeholders who can bring about the successful implementation of Baan Ki-moon’s dream are (i) the governments of various countries, and (ii) the corporations of the world (both developed and developing countries). The role of corporations in sustainable development and its positive impact on climate change is undeniable. This is reinforced by the UN Global Compact, a world body which provides ‘both a policy platform and a practical framework for companies that are committed to sustainability and responsible business practices’. By the time this book goes to press, the UN Global Compact Leaders’ Summit 2010 will have been held in New York, on the theme of ‘Building a New Era of Sustainability’. This summit will highlight the need for ‘organizations to convene, collaborate and commit to building a new era of sustainability – an era where environmental, social and governance (ESG) issues are deeply integrated into business based on both material and ethical rationales’. This is what, in this book, we promote as ‘corporate sustainability’ which, in our opinion, is ‘a generic representation of the means and processes of businesses becoming more responsible and more accountable to satisfy changing customer demands in a sustainable, yet still profitable, manner’....