“This is the cutting-edge textbook on a managerial approach to corporate responsibility. Students and executives will benefit a great deal by studying the cases and best practices that are here. It's a terrific book.” —Ed Freeman, Elis and Signe Olsson Professor of Business Administration, Darden School of Business, University of Virginia Corporate Responsibility offers a concise and comprehensive introduction to the functional area of corporate responsibility. Readers will learn how corporate responsibility is good for business and how leaders balance their organization—s needs with responsibilities to key constituencies in society. Author Paul A. Argenti engages students with new and compelling cases by focusing on the social, reputational, or environmental consequences of corporate activities. Students will learn how to make difficult choices, promote responsible behavior within their organizations, and understand the role personal values play in developing effective leadership skills.
Chapter 3: Environmental Responsibility
When consumers think about corporate social responsibility, many first think about environment responsibility (often referred to as “sustainability.” There are many definitions of environmental responsibility as it pertains to the corporation. While the standard definition is “the duty that a company has to operate in a way that protects the environment,”1 researchers at the University of Michigan’s Erb Institute for Global Sustainable Enterprise define corporate environmental responsibility as “friendly actions not required by law, also referred to as going beyond compliance, the private provision of public goods, or voluntarily internalizing externalities.”2 The corporation’s responsibility to the environment can also be defined as delivering on stakeholder needs without compromising the ability to meet the needs of future stakeholders.3
Whatever definition you choose, however, ...