...Environmental Issues Faced by Business and Society Environmental issues are a big problem in modern society especially when big businesses take natural resources from the earth to keep up with demands and dispose of waste which in turn damages the environment in the process. As societies grow so does the demand for natural resources. Environmental issues that business face include water pollution, air pollution, the use and degradation of natural resources, and global warming. All these factors have pressured businesses to adopt and abide by good social ethical behavior and develop alternative resources without endangering the welfare of the society. Environmental Issues Faced by Business and Society Is it wrong to intrude into ecosystems and harm living organisms? That seems doubtful given how unrealistic it is. It’s almost impossible to do no harm to ecosystems in business because we need the earth’s resources to conduct business and sell products, and many companies have no choice but to dispose of waste and pollute one way or another. Businesses have traditionally shown no regard towards the environment and the societies in which it operated. Environmental protection was rarely seen as an issue and people thought that the world’s resources could be taken without end and without any harm done. Pollution could damage the environment, but the damage done was considered to be insignificant because the world was seen...
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...UNIVERSITY OF HELSINKI DEPARTMENT OF FOREST ECONOMICS Environmental Marketing Strategy and its Implementation in Forest Industries Jari Kärnä Academic Dissertation To be presented, with the permission of the Faculty of Agriculture and Forestry of the University of Helsinki for public defence in Auditorium XII of the University main building Aleksanterinkatu 5, on Friday 11th April 2003 at 12 o'clock. Environmental Marketing Strategy and its Implementation in Forest Industries Academic Dissertation Opponent: Professor Juha S. Niemelä Seinäjoki Institute for Rural Research and Training University of Helsinki juha.s.niemela@helsinki.fi Supervisor: Professor Heikki Juslin Department of Forest Economics University of Helsinki heikki.juslin@helsinki.fi Pre-examiners: Professor Hanna Pesonen School of Business and Economics University of Jyväskylä hpesonen@tase.jyu.fi Professor Harri Westermarck Department of Economics University of Helsinki harri.westermarck@helsinki.fi Author's address: Jari Kärnä Finnish Forest Research Institute, Vantaa Research Centre PO Box 18, FIN-01301 Vantaa jari.karna@metla.fi ISBN 952-10-0963-2 (paperback) ISBN 952-10-0964-0 (pdf) ISSN 1236-6226 http://ethesis.helsinki.fi Hakapaino, Helsinki 2003 2 Abstrakti Väitöskirja käsittelee ympäristöasioiden integrointia metsäteollisuusyritysten ja heidän teollisten asiakkaidensa markkinoinnin suunnitteluun. Tutkimus koostuu neljästä julkaistusta ja kahdesta julkaistavaksi...
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...jklzxcvbnmqwertyuiopasdfghjklzxcvb AF301 ACCOUNTING THEORY nmqwertyuiopasdfghjklzxcvbnmqwer & APPLICATIONS tyuiopasdfghjklzxcvbnmqwertyuiopas dfghjklzxcvbnmqwertyuiopasdfghjklzx Group Seminar Report cvbnmqwertyuiopasdfghjklzxcvbnmq TOPIC:2 – CORPORATE SOCIAL wertyuiopasdfghjklzxcvbnmqwertyuio & ENVIRONMENTAL REPORTING pasdfghjklzxcvbnmqwertyuiopasdfghj klzxcvbnmqwertyuiopasdfghjklzxcvbn mqwertyuiopasdfghjklzxcvbnmqwerty uiopasdfghjklzxcvbnmqwertyuiopasdf ghjklzxcvbnmqwertyuiopasdfghjklzxc vbnmqwertyuiopasdfghjklzxcvbnmrty uiopasdfghjklzxcvbnmqwertyuiopasdf ghjklzxcvbnmqwertyuiopasdzxcvbnm STUDENT NAME MELISA SINGH ASHVINI SAHAYAM SHABINA FARNAAZ SHANEEL PRASAD KRITHNEEL SINGH TOTORIAL DAY / TIME TUTORS NAME GROUP MEMBERS STUDENT ID NUMBER S11066108 S11065177 S11065043 S11065627 S11065615 THURSDAY 8 – 10AM MISS FAZEENA HUSSAIN TABLE OF CONTENTS DECLARATION OF ORIGINALITY ........................................................................................... 3 ACKNOWLEDGEMENT .............................................................................................................. 4 IMPORTANCE OF ACCOUNTING FOR SOCIAL AND ENVIRONMENTAL ISSUES ......... 5 INTRODUCTION .......................................................................................................................... 6 THEORETICAL UNDERPINNING .............................................................................................. 8 LITERATURE REVIEW .......
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...Introduction Business and environment are two aspects which are interlinked which each and other. When we talk about business, we can never neglect the environment factor and vice-versa. If a person opens a business of manufacturing Glue and Adhesives, He has to be aware of the environmental factor. The interaction\relation between environment and business can be positive as well as negative. The positive relation between these two components could be the awareness which is being spread all over the world about the importance of environment in someone's in today's world. Business produces the goods and services that meet our needs, wants and desires. It is this process that has lead to much of the destruction of the environment that has taken place. This damage continues on a daily basis. Purpose There can be little doubt that mankind and indeed the whole planet is facing an environmental crisis. The environment crisis can be seen as global warming, ozone depletion, acid rain, tropical deforestation or top soil erosion. The role of business is playing a crucial role in creating this crisis and what it can do to help protect the environment in the future. So the purpose is to know how the business can help our environment and in which way it can bring up the positive change. The goals are: * To know how the business is affecting the environment. * To know in what way the business can contribute to the society. * To know what is the present scenario of the businesses...
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...ENVIRONMENTAL ISSUES IN BUSINESS Name: Institution: Instructor: Introduction Environmental management refers to the process of dealing with various environmental issues that arise from an organization’s operations. Environmental management includes all the technologies and activities essential in controlling the environmental performance of an organization. Environmental management systems (EMS) refers to the comprehensive management strategies organizations apply in responding to environmental issues through the integration of environment-conscious thinking in all business management aspects and operating systems. The environmental management systems focus on ensuring that organizations manage various environmental impacts associated with their activities. Environmental management systems are critical components of organizations alongside strategic planning, public relations productivity, and product quality. Environmental management systems are critical in the marketplace success of various organizations since consumers are attracted to businesses that focus on sustainable development and environmental integrity issues. The ISO 14000 family of international certifications provide guidelines about different environmental management issues and they are the benchmarks used by many multinational companies in evaluating their environmental activities (Rondinelli and Vastag 2000). For instance, the ISO 14001 certification provides the conditions of developing environmental...
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...Corporate Environmental Responsibility Dewan Mahboob Hossain (1) Jahangir Alam Chowdhury (2) (1) Dewan Mahboob Hossain Assistant Professor Department of Accounting & Information Systems University of Dhaka, Dhaka, Bangladesh Email: dewanmahboob@univdhaka.edu (2) M. Jahangir Alam Chowdhury, PhD (Stirling, UK) Professor, Department of Finance, and Executive Director Center for Microfinance and Development University of Dhaka Dhaka - 1000, Bangladesh. Email: mjac_dubd@yahoo.com Introduction Abstract Climate change, as an international environmental issue, is getting a lot of attention. The negative effects of climate change have become one of the most talked about issues among Governments, scientists, environmentalists and others. It is said that business activities are affecting the climate negatively. In order to minimize the negative effects of climate change, the activities of the businesses should be controlled and encouraged to perform in a socially responsible manner. The article focuses on the responsibilities and the responses of businesses on climate change issues. The article first highlights on two prominent issues: Corporate Social Responsibility and Corporate Environmental Responsibility. Then the article introduces climate change as an international environmental concern. Then, by going through several published literature, the article highlights various responsibilities of business towards climate change issues. The article...
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...Sony today announced its "Environmental Vision Towards Sustainability" which outlines the Sony Group's fundamental environmental policy. This document expresses a higher-level statement of Sony's objectives than that contained in "Green Management 2002". It states both the basic philosophy and specific numerical targets and announces the target of "double eco- efficiency." The growth of stakeholders concerned with environmental issues is clear: consumers are expressing increasing concern, companies are being rated according to environmental measures and SRIs (Socially Responsible Investments) have appeared. In addition, many nations are introducing environmental taxes and schemes for CO2 emission rights. From now, environmental policy will become increasingly important in economic terms. To realize the development of a sustainable economy, Sony thinks it is necessary to combine ecology and economy together in management policy. The degree to which such a concept is reflected in company policy will have an effect on mid/long-term corporate value. The "Environmental Vision Towards Sustainability" works from the highest concept to the most specific targets to realize a sustainable society. 1. VISION Sony recognizes that global environmental improvement is the most important issue for humanity in the 21st century. Sony aims, through continuous technological innovation and new business initiatives, to contribute positively to the natural environment and the...
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...Executive summary This report seeks to define Environmental sustainability and examine its importance in the contemporary world of corporate dominance in the world arena. Business activities are regularly having an increasing contribution to environmental problems and threatening sustainability. Phenomena like climate change and extreme weather events have evidenced the effects of relentless use and overuse of natural resources. The need for environmental sustainability has become important now more than ever following the occurrence of repeated natural disasters and studies showing the ill effects on human health. It has been established that the misuse of natural resources can threaten the existence of future generations. The role of businesses, civil society and governments has been discussed in the context of environmental sustainability in this report with focus on climate change. The oil and gas sector is an important sector in terms of sustainability related to the environment. The sector has been scrutinized widely for occurrences like leakages and oil spills. The companies in this sector have a huge impact on the environment. The importance of oil companies in the path to sustainable development has been discussed. The multinational giants British Petroleum and ExxonMobil have been used as case studies to understand the kind of initiatives being taken in this sector for a sustainable environment. Lastly, the challenges related to the sector in implementing these initiatives...
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...THE ROLE OF SOCIAL AND ENVIRONMENTAL REPORTING IN THE ORGANIZATIONS Author: Mohamed Anas (2015) INTRODUCTION There has been an increase in demand for environmental and social reporting as well as other non-financial information by shareholders and users of financial statements. In early 2000’s the stakeholders and shareholders are only concerned with the financial performance but now the trend has changed as that the shareholders and stakeholders who believed that the organization should be responsible to the environment and society in which they operate the business, and therefore it needs to be good for the community. This has caused that many laws and regulations such as environmental and social laws, employment laws, anti-corruption laws and good governance laws developed by the states to protect the environment and social issues icons. The concept of social responsibility has been raised in the context of this because the organization must be committed to run the business ethically and contribute for the growth of the economy, and at the same time improving the standard of life of employees and their families as well as for the society they operate their business and future generation. REQUIREMNT OF THE CURRENT CONCEPTUAL FRAMEWORK Conceptual framework is a guideline issued by international accounting standard board (IASB) for the development of international accounting standards (IAS). It is a practical tool that assist IASB to develop standards and assist preparers...
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...** Explain the ethical issues a business needs to consider in its operational activities. BUSINESS ETHICS: - is the application of ethical values (the standards that are set by a business or individuals that control their behaviour) to business behaviour. - apply to: all aspects of business conduct, all levels of the organization, all activities that affects stakeholders and the organization as a whole. P1 ETHICAL ISSUES: 1. Corporate governance and corporate social responsibility Corporate governance – the people and procedures for taking the major decisions within a business. It is "the system by which companies are directed and controlled". Corporate social responsibility (CSR) – refers to the extent that a business considers what it does in relation to a wider world. It is the policy of the business towards all stakeholders that takes their interests into account. It is when a firm establishes its own policies regarding its standards of behaviour and its relationship with stakeholders. 2. Environmental ethical issues and sustainability Environmental ethical issues – are problems with the planet's systems (air, water, soil, etc.) that have developed as a result of human interference or mistreatment of the planet. Sustainability - is the capacity to endure. For humans, sustainability is the long-term maintenance of responsibility, which has environmental, economic, and social dimensions, and encompasses the concept of the responsible management of resource...
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...chosen Malaysia for marketing one of its top-selling products, which has been established in many other countries over the years. In order to establish their business in Malaysia effectively, the company needs to understand all the issues such as technological, ethical, legal rules, regulations economy, political, and background of the country that could have direct or indirect impact on the Riordan Manufacturing process. In addition, there are many ethical issues that connected to the plastic industry that Riordan manufacturing needs to take into consideration when expanding their market into Malaysia. Furthermore, ethical issues are one of the most important problems that the company needs to take into consideration, when operation its manufacturing plant in an international market like Malaysia. There are three different ethical issues that Riordan Manufacturing might faces such as (1) The environmental issues (2) Business corruption and (3) Safety issues in an international market. Environmental Issues Environmental issues have become very common with the plastic industries and are one of the most relevant ethical issues that multinational companies are faced with when operating in international markets. Hence, Riordan manufacturing company will need to make sure that they abide by all the international environmental standards set be the Malaysian government. In addition, Malaysia has had negative results with past manufacturing companies and its processing. The company...
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...ZENITH International Journal of Multidisciplinary Research Vol.2 Issue 4, April 2012, ISSN 2231 5780 GREEN MARKETING – CHALLENGES AND OPPORTUNITIES DR.V.MOHANASUNDARAM* *Professor and Head, Vivekanandha Institute of Engineering and Technology for Women, Tiruchengode – 637205 Tamilnadu. INTRODUCTION Although environmental issues influence all human activities, few academic disciplines have integrated green issues into their literature. As society becomes more concerned with the natural environment, businesses have begun to modify their behavior in an attempt to address society's "new" concerns. Some businesses have been quick to accept concepts like environmental management systems and waste minimization, and have integrated environmental issues into all organizational activities. One business area where environmental issues have received a great deal of discussion in the popular and professional press is marketing. Terms like "Green Marketing" and "Environmental Marketing" appear frequently in the popular press. Many governments around the world have become so concerned about green marketing activities that they have attempted to regulate them. One of the biggest problems with the green marketing area is that there has been little attempt to academically examine environmental or green marketing. This paper attempts 1) To introduce the terms and concepts of green marketing; 2) To discuss why going green is important; 3) To know why the manufacturers and marketers launch...
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...[pic] McDonald's and the Environmental Defense Fund: a case study of a green alliance Sharon Livesey Originally published in…The Journal of Business Communication • January 1999 In 1987, the United Nations World Commission on Environment and Development, which had convened to address the global ecological crisis, produced Our Common Future (the Brundtland Report). This watershed event established the conceptual underpinnings for environmental politics and debate in the 1990s by reframing the problem of the natural environment as one of sustainable development. In the wake of this reframing, a new practice in environmental management emerged - that of green alliances or partnerships between business and ecology groups (Westley & Vredenburg, 1991, pp. 71-72). These alliances, considered one of the ten most significant trends in environmental management and the greening of industry (Gladwin, 1993, p. 46), appeared to signal a sea change in the way business, as well as environmentalists, could respond to the ecological impacts of firms' economic activities. Indeed, environmental partnerships offered both business and ecology groups the potential for a new rhetorical stance. Business communication scholarship has identified a variety of rhetorical strategies adopted by corporations in the face of environmental controversy: defensiveness and apologia (e.g., Ice, 1991; Tyler, 1992), competing information campaigns (e.g., Lange, 1993; Moore, 1993), or retreat (e.g., Seiter...
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...sustainability as business conditions change. However, only recently corporations started integrating sustainability as the part of their business strategy as they came to recognize that it is an essential part in growing and establishing themselves as the leader in the competing environment. A well-executed sustainability strategy can enhance the company’s value and reinforce competitive advantage in the market while protecting the capital base. The balance of power has shifted between corporations and it is important to balance economic prosperity along with environmental and social dimensions. Sustainable business strategy represents a marked shift in traditional business practices and companies who do not adapt to the changes in these practices in order to achieve sustainable profitability will be more likely to face the brand value decline or even extinction in the future. For instance, the change represents the need to understand how all three dimensions affect each other and companies ought to consciously create new consumer preferences. However, a lot of companies still are missing guidelines to implementing a marketing strategy of sustainability as an essential part, which is at the core of ensuring organizational, social, economic and environment growth while managing overconsumption issues (White, 2011). Current researches tend to focus on developing a more sustainable approach on product design, pricing, promotion and distribution when it comes to the sustainable business strategy...
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...Professional Development: Contemporary Issues Presented by Tsang, Kwong Yuk (Mia) Content Environmental Issues Background Impact: Regulation and requirement International, nation and local regulations Primary challenges RCL response Skills and knowledge required of future managers Personal assessment Conclusion Environmental Issues Air emission Greenhouse gas: CO2 , CH4 ,O3 Air pollution: Sox , NOx , CO, CFCs Generated by diesel engines Global warming and climate change Rising annual temperature Rising sea level Extreme weather (IMO, 2009) Marine Pollution Discharge of waste: solid waste (garbage and plastic), hazardous wastes Discharge of wastewater: graywater, blackwater Ocean acidification:pH values are altering the complex web of systems that allow life to thrive (Copeland, 2008) Background Not concerning the environmental issues in the early 90’s : In 1993, the U.S. Coast Guard caught the Royal Caribbean ship dumping oil off the coast of the Bahamas Other 87 confirmed illegal discharges from cruise ships (Hinckley, 2007) Wake-up call “Regrettably, there have been violations of environmental laws involving cruise lines in the past. These incidents have served as an important wake-up call, causing our industry to redouble its efforts to improve its environmental performance.” (CLIA, 2011) Impact: Regulations and standards International level: International Maritime Organisation...
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