Tag: Sustainability

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The risk and promise of business ethics

“The matter has a name: business ethics. And a secret, that is its rules. But my guess is that this matter belongs to the variety of phenomena like the raison d’etat or English cuisine that appear in the form of a mystery, because they have to keep secret that they do not exist.”*

When you look into the real world you can hardly find any substantial objection to Niklas Luhmann’s verdict. Quite on the contrary there is tantamount evidence that business behaves without any reference to ethics, not even to the ethics of rogues.… Read more

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Economic Sustainability Revisited

When business people and management scholars speak of sustainability, they most often refer to the idea of a triple bottom line for planet, people and profit – sustainability as the integration of ecological, social and economic goals or dimensions. The focus of research, just as the activities of “sustainability managers”, is on calculating and evaluating ecological and social sustainability. Carbon footprinting, lifecycle analysis, employee motivation and human capital as an asset – these topics are often driving sustainability debates in companies.… Read more

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Why monetize sustainability?

When talking about corporate responsibility, the issue of measurement comes up after a while. And rightly so, because if you cannot measure it you can hardly formulate goals, develop programs for implementation and evaluate your success in achieving them. But what is measured? The answer is simple: money. Regardless if you are trying to measure your company’s ecological or societal impact, most of the times you end up with calculating in Euro, Dollar, Pound and other currencies.… Read more

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Degrowth capitalism — Oxymoron or blind spot?

In the persistent controversy over the necessity and possibility of ongoing economic growth for ecological sustainability and societal well-being, growth critics gather around Serge Latouche’s décroissance — degrowth. Being sort of a degrowth economist myself, I started to wonder about something you might wish to call “degrowth capitalism”. Having my disciplinary background in management science, it always appeared to me as a strange blind spot in the degrowth debate. The level of the firm is all too easily neglected, with the minor exceptions of social entrepreneurship.… Read more

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Educating Sustainability Management

The other day I was teaching an introductory course on Sustainaibility Management to PhD students (mostly Engineers, some MBAs, some Computer Scientists). This is always an exciting experience, many different rationalities and perspectives on the issue. We discussed a case study, the sustainability report of BMW, and some important realities of corporate sustainability became clear to me.

First, for some companies, sustainability provokes some kind of “organizational schizophrenia” i.e. they refer, in the same paragraph, to sustainability and ecological awareness as well as to the overarching goal of earning profits with even the most unsustainable products.… Read more