subject: The Economic Benefits From Sustainable Business [print this page] A Guide to Maximizing your Financial Performance
Managing Risk (& Opportunity) relies on making sound business decisions based on assessing a business idea, understanding its impact and addressing the financial capacity of the Sustainability consulting to drive the idea to deliver its full potential.
This requires a process of integrating innovative business thinking with sound financial analysis and controls. Funded by Sustainability consultants Zero Waste SA and delivered by 2XE and Practice Strategies this program will guide companies through on how to:
Identify environmental sustainable opportunities
Draw on resource efficiency and innovation to create real business gains
Analyze business sustainability projects expressed in real financial returns
Use simple but highly effective financial tools to analyze and monitor the financial performance of a business sustainability project
Economic sustainability
The Venn diagram of sustainable development shown above has many versions, but was first used by economist Edward Barber (1987). However, Pearce, Barber and Markandya (1989) criticized the Venn approach due to the intractability of operational zing separate indices of economic, environmental, and social Sustainable business consulting and somehow combining them. They also noted that the Venn approach was inconsistent with the land Commission Report, which emphasized the interlink ages between economic development, environmental degradation, and population pressure instead of three objectives. Economists have since focused on viewing the economy and the environment as a single interlinked system with a unified valuation methodology.
The sustainable development debate is based on the assumption that societies need to manage three types of capital (economic, social, and natural), which may be non- Sustainable supply chain and whose consumption might be irreversible. Daly (1991), for example, points to the fact that natural capital can not necessarily be substituted by economic capital. While it is possible that we can find ways to replace some natural resources, it is much more unlikely that they will ever be able to replace eco-system services, such as the protection provided by the ozone layer, or the climate stabilizing function of the Amazonian forest. In fact natural capital, social capital and economic capital are often will be hold.
