Social Sustainability For Business

Social Sustainability for Business demonstrates the need for a transformational change to the way businesses across the globe operate. What has become the standard, accepted "business model," with a focus on corporate profit, shareholder wealth maximization, and GDP growth, is no longer a sustainable business model for workers, consumers, communities, society, the planet, or any of its inhabitants and ecosystems. The authors argue that the current commercial system depletes natural resources, denigrates human rights, and inhibits positive social and technological innovation. To address these issues, they focus on societal goals—such as a sustainable planet, meeting human rights of workers, and safe products for consumers—and outline steps that organizations and individuals must take to achieve them. Readers will gain insight into the psychological barriers to and influences on sustainable behavior. They will also learn how reconsidering corporate social responsibility and business ethics can stop and reverse the destruction of a profit-based approach. Cases on modern examples of sustainability or lack thereof explain how establishing and maintaining a socially sustainable business system can protect the environment, meet the rights of its people, and ensure that their needs are met tomorrow. End-of-chapter and end-of-case discussion questions will help students in sustainability classes to think critically about the practical impact of the topics discussed.

How can we raise the standard of living of the world’s poor and maintain high levels of social health and well-being in the developed world, while simultaneously reducing the environmental damage wrought by human activity? The social dimension of sustainability is becoming recognized as a necessary if not sufficient condition for attaining economic and environmental sustainability. The requisite dialogue requires inclusion at multi-levels. This collection of works is an ambitious and multi-disciplinary effort to indemnify and articulate the design, implementation and implications of inclusion. Included are theoretical and empirical pieces that examine the related issues at the local, national and international levels. Contributors are grounded in Sociology, Economics, Business Administration, Public Administration, Public Health, Psychology, Anthropology, Social Work, Education, and Natural Resource Management.

This open access book discusses the challenges and opportunities faced by companies in an age that increasingly values sustainability and demands corporate responsibility. Beginning with the historical development of corporate responsibility, this book moves from academic theory to practical application. It points to ways in which companies can successfully manage their transition to a more responsible, sustainable way of doing business, common mistakes to avoid and how the UN Sustainable Development Goals are integral to any sustainability transformation. Practical cases illustrate key points. Drawing on thirty years of sustainability research and extensive corporate experience, the author provides tools such as a Step-by-Step strategic guide on integrating sustainability in collaboration with stakeholders including employees, customers, suppliers and investors. The book is particularly relevant for SMEs and companies operating in emerging markets. From a broader perspective, the value of externalities, full cost pricing, alternative economic theories and circular economy are also addressed.

Zusammenfassung: This book provides a holistic conceptualization of social sustainability, going beyond the topics of diversity, equity, and inclusion, and showcases how the United Nations' Sustainable Development Goals (SDGs) emphasizing social sustainability can be integrated into business studies' curricula in different parts of the world. A unique collection of literature comprising educational principles, content, activities, and cases will guide educators, managers of business study programs, and higher education leaders in developing engaging, high-impact educational experiences that enable students to solve grand societal challenges and grow as ethical, inclusive leaders. This handbook features a wide-range of tested teaching innovations. These cover education models addressing newest trends, such as utilizing artificial intelligence and blockchain technologies in education about-and-for socially sustainable business or skill development for enabling circular economy and sustainable production and consumption patterns. The classical, impactful yet underutilized in business studies instructional techniques such as storytelling and theatre are also discussed comprehensively. The cross-disciplinary approach of the handbook speaks to scholars aiming to research and implement business education, which connects social, environmental, and economic dimensions in quality education that promotes sustainable development. Aušrinė Šilenskytė is a Program Manager (Bachelor's in International Business) and an Ambassador for Internationalization at the School of Management, University of Vaasa, Finland. Miguel Cordova is Associate Professor and Internationalization Leader for the Management Department and Management School at Pontificia Universidad Católica del Perú (PUCP), Peru. Marina A. Schmitz serves as a researcher and lecturer at the Coca-Cola Chair of Sustainable Development at IEDC-Bled School of Management, Slovenia and as a senior CSR expert at Polymundo AG in Heilbronn, Germany. Soo Min Toh is Professor of Organizational Behavior and Human Resource Management at the University of Toronto Mississauga, Canada and Visiting Fellow at the University of Edinburgh Business School, UK

In a dramatic departure from its voluntary origins, corporate social responsibility (CSR) is rapidly shifting to hold multinational companies accountable for more than traditional shareholder performance. This CSR movement is embracing new environmental, social and governance (ESG) frameworks that both promote global sustainability goals and enhance accountability for negative impacts businesses can have on ‘planet and people’. This collection of essays by leading businesspeople, international civil servants, legal practitioners, academics, and other experts offers a forward-looking and pragmatic perspective that illuminates the major themes in this movement towards increasingly sustainable, transparent and accountable business practices. The collection shows how CSR has evolved to account for societal pressures, environmental, climate change and human rights impacts, international policy imperatives and the practical challenges of regulating commercial activity that transcends borders. The chapters offer an in-depth examination of current issues including: international frameworks and multistakeholder initiatives catalysing foundational change; the shifting emphasis on corporate imperatives to avoid harm to third parties; trends in CSR, focused on assuring the planet's future sustainability and social stability; regulatory initiatives around the globe, including Europe, North America, Asia and Africa; and extended accountability for activities of corporate group members and supply chains. The pressure and business case for companies to incorporate CSR into corporate governance is intensifying with each quarter, shareholder meeting, and regulatory agenda. The integration of CSR and new ESG frameworks into multinational corporate strategy and operations is key to sustainable business models that can generate long-term value for the organization and all stakeholders. Their acceptance as cornerstones of 21st century business practice appears inevitable. Taking full account of the imperative for companies and their lawyers to grapple with the practical and legal challenges in this area, this volume is an invaluable and pragmatic addition to the practitioners’ toolbox at this important juncture in an ever-more dynamic field.

When you see or read about excessive corporate profiteering, business malpractices, poor social welfare, and environmental and ecological disasters, do you have an urge to do something? With so many analysis reports, academic journals, news coverage, and documentaries on the subject, why is there so little action? Most management gurus and executives recognize that it is possible to achieve a triple bottom line – running a business for the benefit of the people, the planet, and profit at the same time. To achieve this, businesses have to solve their internal issues involving the leadership team, the management team, and the technical team. Drawing from leadership and management practices, practical case studies, and using energy, water, raw material, waste and its associated environmental impact as examples, People, Planet, Profit describes the ten internal issues – five technical, two leadership, and three managerial – and solutions to these issues. A coherent, joined-up, and concerted effort allows responsible businesses to initiate, gain momentum, and achieve success in reducing their environmental impact. The same tools can then be applied to other areas of a triple bottom line.

Women and Sustainability in Business: A Global Perspective, brings together original research from a dozen countries, concerning the issues and challenges facing women in sustainable business. This is a recurrent topic among researchers, regulators, companies and rating agencies. Governments pay special attention to how women impact the economy when shaping their strategies on economic sustainability. Women’s contribution to business is fundamental to creating a sustainable economy, such that businesses try to strengthen ‘women’s presence’ within their organisations, especially on their boards. Today, sustainable companies cannot survive without strategies involving women. Stakeholders, regulators, NGOs and rating agencies track both women-focused strategies and the corporate sustainability reports of companies. Well-designed strategies for women workers help companies to develop their financial and social sustainability initiatives progressively. This book analyses the practice of women in sustainable business, in terms of company performance, social responsibility, board management, entrepreneurship, employment, education, management, social sustainability, environmental politics and technology, from a wide range of diverse, regional perspectives and highlights the differences between the underdeveloped, developing and developed world.