Climate Change: Businesses Must Innovate for Sustainability of Our Planet
Expected Learning Outcomes
• Understanding the relevance and the need for business houses to pay attention to environmental issues – climate change, global warming, etc.
• Debating the necessity of integrating ‘Triple Bottom Line’ approach with business philosophy.
• Debating on sustainability vs affordability in the light of increasing cost of sustainability adherence practices.
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1. Why is there so much attention on climate change? What is the impact of climate change on businesses? Cite examples of the associated opportunities and risks?
2. “It is absolutely relevant for the business sector in India to develop an understanding of climate change and the opportunities and risks associated with it...” Why is it important for business houses to be sensitised to the relevance of climate change?
3. It is suggested that companies should embrace ‘Triple Bottom Line’ (TBL) approach. What is the relevance of TBL for organisations? (Exhibit I)
4. Discuss how concepts such as ‘ethical products’, ‘organic products’, ‘fair trade’, etc., contribute to a company’s TBL.......................
Exhibits
Exhibit I: Triple Bottom Line Sustainability