Sustainable Business: Key Issues

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Sustainable Business: Key Issues is the first comprehensive introductory-level textbook to address the interface between environmental challenges and business solutions to provide an overview of the basic concepts of sustainability, sustainable business, and business ethics.

Fully updated for the third edition to take into account recent developments and trends, such as the climate emergency, COVID-19, and supply chain sustainability, this textbook introduces students to the background and key issues of sustainability and suggests ways in which these concepts can be applied in business practice. Though the book takes a business perspective, it is interdisciplinary in its nature and draws on knowledge from socio-economic, political, and environmental studies, thereby providing a critical understanding of sustainability in the changing paradigm of global business. It goes beyond the conventional theories of sustainability and addresses critical issues concerned with population, consumption, and economic growth. It discusses realistic ways forward, in particular, the circular economy and Cradle to Cradle frameworks. The book is both a theoretical and a practical study guide for undergraduate and postgraduate students of broad areas of sustainability, teaching ways to recognize opportunities for innovation and entrepreneurship at the intersection of environmental, economic, ethical, and social systems. It takes a strategic approach in applying the power of business methods and policy to address issues of global importance such as climate change, poverty, ecosystem degradation, and human rights.

This textbook is essential reading for students of business, management, and sustainability courses. It is written in an engaging and accessible style, with each chapter including case studies, discussion questions, and end of chapter summaries.

Author(s): Helen Kopnina, Rory Padfield, Josephine Mylan
Series: Key Issues in Environment and Sustainability
Edition: 3
Publisher: Routledge/Earthscan
Year: 2023

Language: English
Pages: 333
City: London

Cover
Half Title
Series Page
Title Page
Copyright Page
Dedication
Table of Contents
Figures
Tables
Boxes
Preface to the third edition
Abbreviations
Section I: Key Concepts
1 Introduction: Key Concepts in Sustainability and Business
What is this Book About?
Business Sustainability
Eco-Efficiency
What links Business, Ethics, and Sustainability?
Chapter Organization
Case Study: Patagonia – ‘Don’t Buy this Jacket’
Key Terms
Discussion Questions
End of Chapter Summary
Class Activity: How to Save the Planet: Degrowth vs Green Growth?
2 Business Ethics
Linking Sustainability and Ethics
Different Types of Ethics
Corporate Social Responsibility
Human Rights
Labour Issues: Poverty, Pay, and Working Conditions
Business and Poverty – ‘Bottom of the Pyramid’
Corporate Governance
Case Study: Volkswagen’s Response to the ‘Emissions Scandal’: Was it Ethical?
Key Terms
Discussion Questions
End of Chapter Summary
Class Activity: Volkswagen Management Game
Section II: Critical Evaluation: Key Challenges
3 Environmental Challenges
What is Meant by ‘Environment’?
Environmental Problems
Causes and Explanations
Commodification of Nature
Ecological Restoration and Pollution Control
Ethical Considerations
Case Study: Shell and the Sustainable Development Goals
Key Terms
Discussion Questions
End of Chapter Summary
Class Activity
4 Social and Economic Challenges
Poverty
Economic Development
Inequality and Development
Post-colonialism and Neo-Colonialism
Population Growth
What is Sustainable Development?
Business and Sustainable Development
Case Study: Who is the Victim of Climate Change?
Question
Key Terms
Discussion Questions
End of Chapter Summary
Class Activity: Debate Whether Economic Growth can be Decoupled from an Increase in Consumption of Natural Resources
5 Key Challenges for Making Sustainability a Reality
The Changing Global Business Environment
Paradoxes of Sustainability
Possibility Versus Dream
Practical Challenges
Globalization of Consumption
Disputing the Mainstream Sustainable Business Models
Short-Term Versus Long-Term Solutions
Critique of the Triple Bottom Line
Critique of ‘Sustainable’ Consumption
Rebound Effect
Tackling Oil Dependency and Climate Scepticism
Ethical Challenges
Intergenerational Justice
Biospheric Egalitarianism
Environmental Justice Versus Ecological Justice
Charity Paradox
The Question of Demographics
The Role of Decision-Makers
Case Study: Smartphones at School
Questions
Key Terms
Discussion Questions
End of Chapter Summary
Class Activity: No Impact Man
Section III: Globalization, Technology, and new Trends in Business
6 Globalization and Business
What is Meant by Globalization?
The Relationship Between Globalization and Sustainability
Globalization of Technology
Digital Technology
Globalization of Neo-Liberal Democracy
‘Groupthink’ or Cultural Hegemony: Global Spread
Theories of Development and Innovation
Case Study
Key Terms
Discussion Questions
End of Chapter Summary
Class Activity: Imagine you are the CEO of a Global Company
7 Strategic Change for Sustainability
Sustainability and Competitive Advantage
Role of Consultancies in Promoting Sustainability
Case Study: ‘B Corp’ Certification
Key Terms
Discussion Questions
End of Chapter Summary
Class Activity: Marketing a Green Enterprise
8 Human Resource Management, Green jobs and a Green Economy
Knowledge and Skills: Human Resource Development
Sustainability and HRM
Continuing Professional Development
UN Principles for Responsible Management Education
Sustainability and Leadership
Decent and Sustainable Work
Green Jobs in a Green(ing) Economy
Eco-Entrepreneurship
Case Study: Unilever, Oxfam, and Labour Rights in Vietnam
Key Terms
Discussion Questions
End of Chapter Summary
Class Activity: Imagine you are the Head of an HR Team
Section IV: Solutions
9 Creating Sustainable Business Practice
Government Regulation and Policy
Environmental Management Systems
Sustainable Supply Chain Management
Change Management
Eco-Labels
Corporate Reporting
Global Reporting Initiative
Green Accounting Systems and Investment Strategies
Case Study: Supply Chain Innovation within the Palm oil Industry
Key Terms
Discussion Questions
End of Chapter Summary
Class Activity: Companies Meeting SDGs
10 New Strategic Thinking
Structural and Social Solutions
Collaboration and Stakeholder Engagement
Communication: ‘Talking the Walk’ Initiatives
Understanding Sustainable Consumption
Consumer Choice Editing
Sharing Economy
Realizing Impacts: Direct and Indirect
Private and Public Action
Business and NGO Cooperation
Green and Ethical Investment
Business and Technological Solutions
Business Ecology
Industrial Ecology
Life Cycle Assessment
Sustainable Design
Biomimicry
The Blue Economy
Case Study: The Rise of ‘Slow Fashion’
Key Terms
Discussion Questions
End of Chapter Summary
Class Activity: Sustainable and Ethical Investment
11 Cradle to Cradle
Cradle to Cradle: The Cycle of Rebirth
Being ‘All Good’: Eco-Efficiency Versus Eco-Effectiveness
Nutrient Cycles
Challenges to C2C
Case Study: OLIO: Addressing Food Waste via an Innovative Circular Business Model
Key Terms
Discussion Questions
End of Chapter Summary
Class Activity: Converting an Existing Product into Cradle to Cradle
12 Towards a Circular Economy
From Optimizing Existing Models to Revolutionary Change
Background of the Circular Economy Concept
Case Study: Philips’ ‘Pay-Per-Lux’ Product-Service System for Lighting
Assessing Progress Towards Circularity
Scaling up Circular Economy
Closing the Loop
Summarizing Hopeful Sustainability Frameworks
Case Study: Creating a Circular Economy for Plastics: The Case of BarePack
Case Study: The Circular Economy – Business as Usual or a Necessary Change?
Key Terms
Discussion Questions
End of Chapter Summary
Class Activity: Cradle to Cradle and a Circular Economy
Glossary
Bibliography
Index