| Title | New Trends In Measuring Sustainable Business |
|---|---|
| ID_Doc | 34755 |
| Authors | Arp, AK; Plesea, DA; Murswieck, R |
| Title | New Trends In Measuring Sustainable Business |
| Year | 2019 |
| Published | |
| Abstract | Sustainable business as an inherent part of the economy faces new dimensions of topicality. Formerly, the company's impact on the environment was measured with respect to its CO2 emissions, the usage of fossil fuels or it's consumption of natural resources. In order to evaluate or compare the companies' environmental governance, different models were implemented. Nowadays, the company's negative externalities are being considered multidimensionally and applied to the whole value chain of business. New environmental topics such as the pollution of the sea by plastic waste and microplastics, the loss of topsoil through intensive farming and the depletion of natural resources are being hotly discussed worldwide. These challenges are enhanced by the increasing world population and the accession of wealth of the emerging markets and BRIC countries, thus resulting in sustainable growth being the only solution to the conflict of objectives. Rating models that evaluate the sustainability of investments in the financial markets are already approved and used in politics, as well as help investors measure and compare companies' impact on the environment. Due to the new eco-friendly megatrend and challenges, the authors deal with the question whether the actual sustainable practices and measurement models are still contemporary. |
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