How Can Companies Support Environmental Rights?
More than ever, the corporate world is focused on concepts surrounding social impact, sustainability, as well as the development of metrics and standards surrounding environmental, social and governance factors.
Support for environmental rights and hopes to address environmental issues are often front and center within these discussions. In fact, many have questioned how the environment will be able to sustain growing international trade and economic activity. Sourcing of raw materials, production of goods, and related transportation and distribution networks by nature result in at least some degradation of land, water and/or air.
Many corporate decision-makers recognize the need to balance goals of increased profits with broader societal interests, including environmental sustainability. This is an important component of today’s popular view on corporate governance – stakeholder capitalism.
So, how can companies practically support environmental rights?
For continued progress in environmental sustainability, corporate decision-makers should maintain focus on concrete actions available to address environmental issues specific to their company profile and operations.
The below questions and considerations may be useful in this analysis:
HOW CAN COMPANIES OPTIMIZE POSITIVE ENVIRONMENTAL IMPACT?
HOW CAN COMPANIES MINIMIZE AND RECTIFY NEGATIVE ENVIRONMENTAL IMPACT?
The Path to Environmental Sustainability
As explained by the World Trade Organization, the path forward is not to reduce international trade, but rather to continue to promote environmental rights among private and public stakeholders and to participate in global innovation in this area, such as towards more sustainable and efficient use of materials and energy.
Looking to the future, socially conscious supply chains are integral in the effort to prevent exponential degradation of the environment, address environmental issues, and to protect the environmental rights of all peoples.