International
economic development is the biggest challenge that global businesses face
today. Companies are increasingly being held responsible for impacts of their
products, processes and services on society and the environment. These impacts
concern environmental effects and social effects in balance with the economic
aspects of the company. This
responsibility is called Corporate Responsibility or Corporate Citizenship and
can include, but is not limited to, climate change, clean water, child labor, biodiversity,
human rights, occupational health and safety, and poverty. Many
companies are actively integrating sustainability principles into their
business strategies by pursuing goals that go far beyond a concern for
reputation management. Global
corporations are saving energy and developing green products, which can help
companies capture value through growth and return on capital. Increasingly more executives from large
corporations state that sustainability programs make a positive contribution to
their companies’ short- and long-term value.
- Professor: Barbara Son
International
economic development is the biggest challenge that global businesses face
today. Companies are increasingly being held responsible for impacts of their
products, processes and services on society and the environment. These impacts
concern environmental effects and social effects in balance with the economic
aspects of the company. This
responsibility is called Corporate Responsibility or Corporate Citizenship and
can include, but is not limited to, climate change, clean water, child labor, biodiversity,
human rights, occupational health and safety, and poverty. Many
companies are actively integrating sustainability principles into their
business strategies by pursuing goals that go far beyond a concern for
reputation management. Global
corporations are saving energy and developing green products, which can help
companies capture value through growth and return on capital. Increasingly more executives from large
corporations state that sustainability programs make a positive contribution to
their companies’ short- and long-term value.
- Professor: Craig Mayberry
- Professor: Robert Robertson
The field of industrial ecology is playing an instrumental role in the redesign and realignment of industrial systems and activities to be more ecologically and socially responsible. Critical to the field of industrial ecology is life cycle assessment (LCA), which involves methods, techniques, process and procedures analysis of the full range of environmental impacts, product or service life cycles, and supply chains. Developing countries and emerging economies are also harnessing the potential in LCA for sustainable development. Governments play a very important role with the leverage they have through procurement, regulation, international treaties, tax incentives, public outreach, and other policy tools. Incorporating life cycle assessments into the design and development processes for products and policies is changing the way people live, their mindset and the expectations they have for the future.
- Professor: Craig Mayberry