Monday, March 27, 2006
Companies and Environmental Costs
... The interests of shareholders, over time, will be best served by companies that maximize their financial performance by strategically managing their economic, social, environmental and ethical performance. ...
This is also expressed in Paul Hawken's Natural Capital.
I touched on this previously as well:
... Basically, growth for its own sake is a bad idea. That being said, this behavior is not and should not be typical of capitalism. It happens, yes, but it should not nor do I think it is typical. Additionally, the company that grows as a by-product of its financial health is in a good position to act in a more environmentally and socially responsible manner. This type of company has responsible leader aware of its place in the system.
There are also many arguments that a society with a strong business sector is healthier and can also be a way out of poverty. ...