ENBUS102 Lecture Notes - Lecture 3: European Environment Agency, Global Reporting Initiative, Bhopal Disaster

• School: University of Waterloo
• Department: Environment and Business
• Course: ENBUS102
• Professor: Michael Wood

Document Summary

There is no formal soluion for the problem without regulaions. Climate change caused by human made co2 emissions, depleion of forests and ish. Overcoming the tragedy: the role of an authority (co2 regulaion on car leet), the role of property rights (co2 emissions trading), the role of community (stakeholders, ngos, cooperaives: compliance. Launched by rachel carson"s silent spring, published in 1962: book outlined the impact of pesicides (ddt), upon the environment (birds, conlict with the chemical industry. Introducion of a number of environmental regulaions: beyond compliance: stakeholder involvement iniiated by bhopal disaster in 1984 informaion to stakeholders" not only meeing the demands of legislaion (ex. Doing more with less" term oten associated with (world) business council for sustainable development. Societal beneit of business vs. the societal responsibility of business is to increase proits. Measuring the impact of business (environment, social, sustainable value added)