Around the world the focus is on the relationship between ethics and governance codes and how widely this should be interpreted. Sustainability has three main accepted dimensions: economic growth, social responsibility, and environmental protection. It is a truly multidimensional and multidisciplinary concept, and one which directly affects the risks and opportunities for markets and businesses. In three distinct parts, Sustainable Markets for Sustainable Business explores the relationship between markets and business and sustainable development, as well as issues such as climate change, pollution, land degradation and biodiversity loss. Firstly the authors, all experts from around the world, consider a variety of theoretical issues concerned with sustainability in the new environment. In Part Two the emphasis is on looking at these issues in the market and business practice under various guises. Although every chapter contains discussion and recommended solutions, the final part specifically focuses on future perspectives and the solution strategies for implementation of sustainability measures. Throughout the book the authors address the need for business and market sustainability reforms. The world's markets have the potential to improve the lives of billions in developing countries, reducing poverty and securing environmental quality for future generations. Often they fail to capture the full value of natural resources or promote the interests of poor people. Therefore, an effective public policy framework is required. Sustainable Markets for Sustainable Business and future titles in the Finance, Governance and Sustainability Series address this need.
Table of Contents
Part 1 Theoretical Perspectives and Current Issues: Causality and interaction: sustainable markets and sustainable business. The need for a theoretical reexamination of sustainability in economics and business. The relationship between sustainable markets and sustainable development. Part 2 Corporate and Market Approaches: The corporate world and sustainability: eco-efficiency and the doxic shareholder value. The role of small and medium-sized enterprises in sustainable development. The governance mindset: is sustainability a board issue? Sustainability issues in corporate social responsibility and strategy: sustainable or temporary competitive advantage in today's dynamic environment? Part 3 Future Perspectives and Solutions: Systemic crises in global markets: in search of regulatory and sustainable solutions. Disclosure of corporate environmental, social and governance data: toward effective and sustainable systems. What is sustainable: the need for sufficient reporting and its accounting implications. The future perspectives: what do we need for market and business sustainability?
Guler Aras is a professor of Finance at Yildiz Technical University, Istanbul, Turkey, and a Visiting Professor at Georgetown University McDonough School of Business.
’Professor Aras has tackled the very timely subject of business sustainability. She has put together a global perspective that presents best practices, discusses the role of businesses and markets, and provides examples of innovative approaches. The book will be a valuable resource not only for scholars but also for the wider business community and policy makers.’ Reena Aggarwal, Georgetown Center for Financial Markets and Policy, USA ’This work demonstrates the multi-dimensional elements of sustainability, moving beyond conceptions of sustainable enterprise and industry, to ask fundamental questions regarding the sustainability of markets. Can markets be made to work towards sustainable development rather than environmental destruction? The book highlights how new modes of regulation, governance, incentives and strategic thinking are essential to reformulate the fundamental objectives and operations of economic endeavour towards sustainable goals.’ Thomas Clarke, University of Technology, Sydney, Australia