Responsibility To The Environment An Underlying Profit Motivator

2726 words - 11 pages

As the role of the environment takes centre stage as one of the pressing problems facing our world, the role of business to aid with climate change projects is increasingly discussed. Government regulations only go far, and without wanting to impose on corporate freedom, governments have less of an impact regulating corporate initiatives on climate change. As Charles Lindblom mentions, “Do we want business enterprises to reduce industrial pollution of air and water? Again we must bear the consequences of the cots to them of their doing so and the resultant declines in investment and employment” (Lindblom, 1982). This leaves environmental stewardship initiatives within each corporate organization and whether the effort to protect the environment while sacrificing profit is acceptable. In the ruthless corporate culture, companies are continually striving to increase the bottom line, to outdo their competitors in terms of market share and profitability rather than in terms of social responsibility. Yet it is these same corporations who maintain the resources necessary to stop the plague of environmental degradation. However, corporations have responsibilities towards the environment just as every citizen does, but in order for them to act they need to be shown that an increase in environmental stewardship can also increase the bottom line.
The criterion that business should use to deal with climate change involves three simple yet effective responsibilities. First, corporations must strive to operate in the best interest of their stakeholders. In addition, as truly global citizens, corporations have the ability and resources which brings about the responsibility to help make a meaningful change on the environment. Lastly, each company using the environment as a means for profit should attempt to minimize the environmental damage caused by their business operations. Although most of these responsibilities are neglected for a larger focus on the bottom line, maintaining these responsibilities can in fact increase profitability and public image while at the same time reducing the significant impact that damage to the environment will have in the future.
Responsibility to Stakeholders
The last criterion for taking responsibility is for corporations to operate in the best interests of their stakeholders. The traditional definition for a stakeholder would be the shareholders of the firm to whom corporations maintain they owe a fiduciary duty to, or in other words, to make a profit for. However, the stakeholders of a firm consist of many internal and external groups, all of whom are necessary to the firm and ensure that the firm is able to make money. As mentioned by Edward Freeman in his article, A Stakeholder Theory of the Modern Corporation, “For whose benefit and at whose expense should the firm be managed?” (Freeman, 1994) Traditionally the questions would be answered as the firm should be managed by its shareholders. However, with a changing of...

Find Another Essay On Responsibility to the Environment an Underlying Profit Motivator

Using Corporate Social Responsibility to Make Profit is Wrong

1279 words - 5 pages community it should be clearly defined and implemented into the management practices to help improve the community’s quality of life and provide them with a safe working environment. Even thought the purpose of a business is to generate profit, corporations should hold themselves accountable for the impact of their business practices. According to Lajoux, social investments are not merely a “responsibility” for these types of corporations. They

Responsibility in The Legal Environment of Business

919 words - 4 pages make for individuals to buy. Like in our book The Legal Environment of Business stated, “A manufacture, seller, or lesser is liable for failure to exercise due care to any person who sustains an injury proximately caused by a negligently made (defective) product.” Would privity of contract be required for Kolchek to succeed in a product liability action against Great Lakes? Like in our book The Legal Environment of Business stated, “any person

Shareholder Concept versus Stakeholder Concept: The Impact of Corporate Social Responsibility on Profit maximization

9403 words - 38 pages demonstrating the various views that refute and support each, in an attempt to answer the question of whether corporate social responsibility and business ethics have a positive impact on profitability or financial performance. It is hypothesized that corporate social responsibility has a positive impact on profit maximization if strategically planned.The paper is organized as follows; the literature review comprises three main sections discussing

The Benefits of an Entreprise Offering Profit Sharing

1619 words - 7 pages productivity,” and also “can aid economic stability and decrease unemployment” (p.2). Despite the distinctions, profit sharing is prone to weaknesses and ¬criticism. Coates (1991) notes that one of the disadvantages is problem finding a correlation between increased or decreased productivity and profit sharing gains (p. 20). Not only the top management may have a hard time measuring it but also an average worker may have a difficulty relating his work

Religious persecution, an underlying theme in "Lord of the Flies" by Golding

1276 words - 5 pages persecution throughout history. Golding uses many religious elements along with metaphors representing the death of Jesus, the torture of Jews in the Holocaust, and the ascent and reign of Hitler in Nazi Germany to present an underlying theme of religious persecution that proves his grim outlook on the nature of man.Golding's use of religious elements allows for the plausibility of the religious persecution theme. The island the boys find themselves on

The Sargasso Sea as an Underlying Metaphor in Wide Sargasso Sea

1532 words - 7 pages The Sargasso Sea as an Underlying Metaphor in Wide Sargasso Sea Why did Jean Rhys name her novel about the Creole madwoman in the attic from Jane Eyre after a mysterious body of water in the middle of the Atlantic Ocean? As there is no mention made of the Sargasso Sea in the novel itself, one might wonder why she chose to title her novel after it. In a 1958 letter to a friend and colleague, she describes her changing titles for the novel: “I

Going Green – An Impact to our Environment

1460 words - 6 pages Going Green - An Impact to our EnvironmentSummary of Going Green ArticlesA changing awareness regarding our environment has become the forethought of many homes and businesses. Changes enacted by manufacturers, communities and individuals have allowed the average American to make changes in their everyday's lives, making an impact on the environment, one person at a time. The "Going Green" trend is allowing us to make changes in our homes, our

Discuss the extent to which humans have had an impact on the environment - Penrith.High.School - Essay

589 words - 3 pages Discuss the extent to which human alterations to biomes have had an impact on the environment? Introduction – · Opening sentence : Human beings have continuously continued with interference of different biomes and thus bringing various modifications and impacts to these biomes. · Intro : The extent of human alterations to biomes vary from negative effects to the environment caused by agriculture to the adverse effects of deforestation on the

The Effect of Introducing a New Species to the Indigenous Population in an Environment

1331 words - 5 pages The Effect of Introducing a New Species to the Indigenous Population in an Environment There are numerous amounts of ways and examples of when people have used Biological Control. This occurs when living organisms, such as predators, pathogens and parasitism are used to control pest insects, weeds, or diseases. This typically involves some human activity. There are many different examples worldwide of how people have used

The ICU as an Effective Learning Environment

1879 words - 8 pages . Hannafin, Land & Oliver (1999) described learning environment as a typically constructivist in nature, engaging learners in “sense-making” or reasoning about extensive resource set, including four components which are enabling context, resources, a set of tools and scaffolds. This paper is going to discuss the significance of my clinical area as a context for learning and how myself as practitioner can give to an effective learning

Is the environment an international security issue?

2480 words - 10 pages spending that traditionally attaches to security issues.` (Sheehan, 2005: 99) The purpose of this essay is to identify the existence of a link between environmental issues and security issues and to conclude whether it is useful to see environment as an international security threat instead of leaving it on the low politics shelf. To perform this task the essay will analyze both proponents and critics of environmental security.Supporters of

Similar Essays

Milton Friedman's Essay Analysis Of The Social Responsibility To Increase Profit

876 words - 4 pages In this essay we are taking a look at the famous Milton Friedman's essay "The Social Responsibility of Business is to Increase Profit ". The following paper is an attempt to critically evaluate the article in consideration of Freeman Stakeholder Theory. First thing let us start with a little overview of what Milton Friedman exposed in his article. It seems that the whole point of his essay revolves around one basic statement which clearly says

The Underlying Themes In An Inspector Calls

3067 words - 12 pages The Underlying Themes in An Inspector Calls ‘We don’t live alone we are members of one body we are responsible for each other`. These were the exact words of Inspector Goole the character produced by J.B Priestly. Throughout the whole play these words were the most important and the most meaningful words transferred from J.B Priestly to the audience, these words remind us that there are people around us and we

The Odyssey: An Underlying Theme Of Xenia

1365 words - 6 pages needed for someone to ensure that it was carried out. What is more, a place for sleeping was made for Odysseus, and it was made with much care and effort to be comfortable. It states, “…the great lady called her maids, and sent them to make a kingly bed, with purple rugs piled up, and sheets outspread, and fleecy coverlets in an eastern colonnade (VII: 359-362). The Greeks, when confronted with instances of xenia, made sure to keep the guest as

Pollution And Environment Essay Man Has No Responsibility To The Environment

1463 words - 6 pages Man Has No Responsibility to the Environment Since the 1960s, questions concerning environmental ethics have loomed large in the public awareness. At the heart of all of these questions is one single issue that has caused confusion among many people involved in this controversy. There has been much debate on this issue, but little has been fruitful, and this can in part be blamed on the fact that the debate is of a particularly low quality