Search results
Results From The WOW.Com Content Network
If an organization’s current business model is inherently unsustainable, becoming truly sustainable requires a complete makeover of the business model (e.g. from selling cars to offering car sharing and other mobility services). This can present a major challenge due to the differences between the old and the new model and the respective ...
The Circles of Sustainability approach is explicitly critical of other domain models such as the triple bottom line that treat economics as if it is outside the social, or that treat the environment as an externality. It uses a four-domain model – economics, ecology, politics and culture. In each of these domains there are 7 subdomains.
The phrase, "people, planet, and profit" to describe the triple bottom line and the goal of sustainability, was coined by John Elkington in 1994 while at SustainAbility, [3] [9] and was later used as the title of the Anglo-Dutch oil company Shell's first sustainability report in 1997. As a result, one country in which the 3P concept took deep ...
Circular business models, as the economic model more broadly, can have different emphases and various objectives, for example: extend the life of materials and products, where possible over multiple 'use cycles'; use a 'waste = food' approach to help recover materials, and ensure those biological materials returned to earth are benign, not ...
Sustainability is regarded as a "normative concept".[5] [22] [23] [2] This means it is based on what people value or find desirable: "The quest for sustainability involves connecting what is known through scientific study to applications in pursuit of what people want for the future."
This defines sustainopreneurship, setting it apart from general entrepreneurship, with its focus on cause-oriented intentions that drive business activities. Sustainability problems are identified through key sources in the global sustainable development discourse, such as Agenda 21, the Millennium Declaration, and the WSSD Plan of Implementation.
Thus, the sustainable management requires finding out what business activities fit into the Earth’s carrying capacity, and also defining the optimal levels of those activities. [5] Sustainability values form the basis of the strategic management, process the costs and benefits of the firm’s operations, and are measured against the survival ...
Investors may also use ESG data beyond assessing material risks to the organization in their evaluation of enterprise value, specifically by designing models based on assumptions that the identification, assessment, and management of sustainability-related risks and opportunities with respect to all organizational stakeholders leads to higher ...