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Global Capitalism versus Climate Change: The business of growing business must be environmentally responsible

May 1st, 2008 · No Comments

Author: HENG Dyna

Publication date: Unknown

Language: English

Type of documents: Essay

Abstract

The business of growing business must be environmentally responsible business. To overcome the climate change issue, I argue that the driving force of CSR is not be enough to save our planet unless companies act in their business interests rather than moral responsibility or risk management. Individuals, who are both consumers and investors, have the power to put pressure on firms and shape the direction of business operations. In other words, individuals have the power to changes the behavior of states and private sector through their responsibility and values. Consumers’ responsibility and values is a strong driving force to save our planet as a result of virtuous cycle of global consumers` environmental consciousness, corporate acting in their self-interests, and inter-governmental cooperation. Consumer is the king and thus consumer’s responsibility, values, tastes, and needs are much more powerful than CSR to push global capitalism to produce innovation, green IT, and low-carbon society.

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