Introduction to Sustainability: From Profit to Purpose PDF

Summary

This document introduces the concept of sustainability from a business perspective. It discusses the triple bottom line approach (people, planet, prosperity), and explores how businesses can incorporate sustainability into their strategies. The document also examines the various elements of sustainability, including different perspectives, and useful timelines

Full Transcript

Introduction to Sustainability: from profit to purpose Dipartimento di Scienze Economiche e Aziendali "Marco Fanno" Management for Sustainable Firms Sustainable Business Models October 7th, 2024 “Rapid urban and industrial growth in recent decades have placed huge pressure on the...

Introduction to Sustainability: from profit to purpose Dipartimento di Scienze Economiche e Aziendali "Marco Fanno" Management for Sustainable Firms Sustainable Business Models October 7th, 2024 “Rapid urban and industrial growth in recent decades have placed huge pressure on the world’s natural resources, leading to threats of resource scarcity” UN’s Internatinal Resource Panel “Business as usual” are heading for trouble Earth’s resources are limited Precious metals are ending due to pervasive mining in the past 250 years. Water, air, and forests are technically renewable but are increasingly stressed. Strong population growth, exploding demand among consumers for more goods and services. Planet’s ability to to absorb and process the waste disminishes by the years. Global resource extractions (DE) by four categories (biomass, fossil fuels, metal ores and non-metallic minerals), 2010–2050 for Existing Trends Did you know? Is it always on the same day? - Lifestyles - Institutional contexts - Economic growth - Productive sectors... These are elements of differentiation!!! the world is coming to an end What is sustainability? Sustainable Development Timeline The concept of sustainable development appeared for the first time in World Conservation Strategy (WCS) 1980 “Our Common Future” 1972 1987 Report (Brundtland Report) 1st UN Conference on the Human Environment (UNCHE) For the first time “sustainable Creation of the United Nations Environment Program (UNEP) development” was defined establishing links between social, economic, cultural and environment Creation of the International issues Panel on Climate Change (IPCC) 1988 It is responsible for the scientific processes of global warming. 1992 Earth Summit – United Nations Conference on Environment and Development in Rio de Janeiro Sustainable Development Timeline United Nations Millennium Summit in New York Eight Millennium Development Goals (MDGs) set for 2015 1995 World Summit on Social 2000 Development in Copenhagen 2005 Signature of the Kyoto Protocol 2012 Rio+20 Summit – UN Conference on Sustainable Development (UNCSD) The Triple Bottom-Line People considers all stakeholders (versus solely The bottom-line categories shareholders) including employees, communities are often referred to as the within which an organization operates, individuals three “P’s”: people, planet, throughout the supply chain, future generations, and customers—just to name a few. Social and prosperity Planet considers the relationship between an Prosperity considers the organization or business economic indicators over and the natural which an organization or environment and its business has influence— ecological systems. for example, paying Economical Environmental livable wages, ethical Elkington, J. "Cannibals with sourcing, and workplace Forks: The Triple Bottom Line of 21st Century Business," 1997. health and safety. Which challenges do you see in the TBL approach? https://answergarden.ch/4196192 https://www.weforum.org/agenda/2021/01/what-is-the-difference-between-stakeholder-capitalism-shareholder-capitalism-and-state-capitalism- davos-agenda-2021/ Exploring the purpose Exploring firms’ purposes In pairs or groups of 3 students select 2 companies from the list of companies mapped with the Purpose Power Index Read, analyze and compare the selected companies' stated purposes in TBL key (economic – environmental – social) Discussion (padlet) Exploring firms’ purposes Exploring and discussing purpose https://unipd.padlet.org/eleonora_dimaria/from-profit-to-purpose-raz1ofvs7qlzf0ns

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