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[Earth Charter+5 Progress Report] The Earth Charter and Business

Mukherjee, Mohit
Mackey, Brendan
Vilela, Mirian
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Abstract
There is growing appreciation within the business sector regarding the need for ethics for sustainability. Business leaders are recognizing that the reasons for incorporating the sustainability agenda into their modus operandi go beyond image building and meeting legal requirements regarding environmental protection, labor rights, etc. Increasingly, businesses are finding that a commitment to sustainability can make a positive contribution to their overall financial performance and can provide a means to gain critical market advantage. Companies that take a lead in implementing environmentally and socially responsible measures benefit from the enhanced public perception, raised employee morale and job satisfaction, and direct cost savings associated with more efficient use of energy and materials. The corporate sector is under increasing pressure from both customers and shareholders to demonstrate how company goals and operations match social and environmental values. There is increasing demand from consumers and shareholders for companies to be transparent about their performance with regard to sustainable development principles
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Book chapter
Date
2005
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With permission of the license/copyright holder
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