IM - Sustainability

Notes

Sustainability What is “sustainable management” and “sustainable development”? Sustainable Management: The practice of balancing social, environmental, and economic capital across short-, medium-, and long-term horizons to ensure business viability without depleting resources. It aims for: • Neutral/Positive Impact: Minimizing harm ("footprint") or regenerating systems (e.g., circular economy). • Example: A company reducing carbon emissions while maintaining profitability. Sustainable Development: A broader societal goal (aligned with the UN’s 2030 Agenda) to meet present needs without compromising future generations. It integrates: • Environmental Preservation (e.g., ending deforestation). • Social Equity (e.g., poverty reduction). • Economic Growth (e.g., renewable energy investments). Key Link: Sustainable management operationalizes sustainable development within businesses. What are the possible global development scenarios? 1. Social Deficits: o Problem: Inequality in access to needs (healthcare, education) across genders, regions, and socio-economic groups. o Solution: Redistribute resources equitably (e.g., fair wages, inclusive policies). 2. Environmental Overshoot: o Pro...