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Going for woke: Companies treading a fine line on social licence
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Going for woke: Companies treading a fine line on social licence
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Source: The Conversation (Au and NZ) â By Sukhbir Sandhu, Associate Professor in Sustainability and Ethics, University of South Australia
More than half of Australian companies plan to scale back environmental initiatives to weather the financial harm caused by the COVID pandemic, a report released this month suggests. But such a move would be bad for business, and the planet.
Over the past few decades, regulatory and societal pressures have prompted businesses to adopt environmental initiatives at a growing rate. The measures may involve divesting from fossil fuels, preventing pollution, developing eco-friendly products or even collaborating with competitors to help other organisations in their supply chains, such as distributors and retailers, become sustainable.
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