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.
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.
In our increasingly globalized world, accounting students need to understand the main features of financial reporting practices as they differ in different countries so that they will be able to distinguish accounting and reporting differences that would otherwise give rise to problems for report readers. It is also vitally necessary to understand the ongoing efforts to harmonize standards using International Financial Reporting Standards (IFRS).

Marketing has a vital role to play in creating a more sustainable society since it is through the marketing function that most of society’s consumption needs are identified, anticipated and satisfied. This course focuses upon sustainability-oriented marketing management decisions at product, corporate and society (briefly) levels; it will introduce an Integrated Sustainability Marketing Strategy and both the implementation and conceptual aspects would be covered.