ENBUS 102 Sept. 22nd Slide Show Notes

ENBUS 102 Sept. 22nd Slide Show Notes - ENBUS Sept 22nd...

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ENBUS Sept. 22 nd Notes: History of Environment and Business: First phase: compliance - This phase began by Rachel Carson’s launch of the book Silent Spring in 1963 (included the impact of pesticides (DDT) upon the environment (birds)). This conflicted with the chemical industry (producers of pesticides), and then there was the introduced a number of environmental regulations. - video: there were no regulations (kids sprayed with chemicals while having lunch) Second phase: beyond compliance (stakeholder involvement) - Started to put pressure on companies – initiated by Bhopal disaster in 1984 (Dow Chemical in India) - Information to stakeholders were being published, including their environmental and societal impacts - Not only meeting the demands of legislation – stakeholder pressure (Exxon Valdez, Brent Spa – after use of oil rigs, companies were allowed to dump oil from the platform into the ocean – was stopped by media reaction) Third phase: Eco-efficiency - ‘Doing more with less’ – be more efficient to save money, and you could show your lessened impact on the environment (win-win situation) - Term often associated with (World) Business Council for Sustainable Development Fourth phase: sustainable development - Rio Summit (Brundtland Definition) - Triple-Bottom-Line – economy, environment, and society are all equally important to business) Key Events Fifth phase: corporate social responsibility - adding social and governance issues - ENRON scandal: publishing reports of their balance was untrue (didn’t have as much as it said
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ENBUS 102 Sept. 22nd Slide Show Notes - ENBUS Sept 22nd...

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