2 Chapter ObjectivesTo define the nature of sustainability as it relates to social responsibilityTo explore a variety of environmental issues faced by business and societyTo examine the impact of environmental policy and regulationsTo discuss a strategic approach to respond to environmental issues
3 SustainabilitySustainability is the potential for long-term well-being of the natural environment, including all biological entities, as well as the interaction among nature and individuals, organizations, and business strategies.Sustainability includes the assessment and improvement of business strategies, economic sectors, work practices, technologies, and lifestyles while maintaining the natural environment.
4 Global Environmental Issues Natural environmentThe physical world, including all biological entities as well as the interaction among nature, individuals, and organizationsProtection of air, land, biodiversity, water, and renewable natural resourcesIncreasingly, companies are incorporating environmental issues into their overall business strategies
5 BiodiversityDeforestation, pollution, development, and urban sprawl have put increasing pressure on wildlife, plants, and their habitats.Many ecologists believe that the loss of species threatens the success of entire ecosystems.
6 Environmental Protection Agency (EPA) The most influential regulatory agency that deals with environmental issues and enforces environmental legislationProtects Americans from significant health risks in their work environmentManages environmental risksIs an integral part of U.S. policyContributes to diverse, sustainable, and economically productive communities and ecosystemsEnforces laws and provides informationPlays a leadership role in dealing with other countries’ environmental policies
7 Environmental Legislation Clean Air ActFederal Insecticide, Fungicide, and Rodenticide ActEndangered Species ActToxic Substances Control ActAmerican Clean Energy Act
8 Environmental Legislation Emergency Planning and Community Right-to-Know ActToxic Release InventoryPollution Prevention ActFood Quality Protection Act
9 Alternative EnergyAlternative energy sources reduce global carbon emissions and our dependence on traditional energy sources.
10 Business Response to Environmental Issues Green marketing is specific development, pricing, promotion, and distribution of products that produce less harm to the environment.
11 Other Environmental Initiatives Emissions reductionSocially responsible buying
12 Stakeholder Assessment A process requiring acknowledging and actively monitoring the environmental concerns of all legitimate stakeholders
13 Risk AnalysisAn analysis performed by a company to identify environmental issues that relate to manufacturing, marketing, consumption, and usage patterns associated with its products
14 The Strategic Environmental Audit Organizations conduct an independent audit and report the results to all interested stakeholders.Organizations developed ISO as a comprehensive set of environmental standards that encourage a cleaner, safer, healthier world.