Going Green. Environmentally Friendly Business

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Seminar paper from the year 2010 in the subject Business economics - Business Ethics, Corporate Ethics, grade: 1,3, , language: En...

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Seminar paper from the year 2010 in the subject Business economics - Business Ethics, Corporate Ethics, grade: 1,3, , language: English, abstract: This report includes broad topics such as how businesses are going greener and why they have chosen to become more environmentally friendly. Also including research about benefits, rewards and incentives that motivate companies to go green and which industry is putting in the most initiative to become eco-friendly and as conclusion we made some recommendations for the future. In our report, we try to explain that the challenge of a sustainable society is to achieve a competitive and eco-efficient economy, combining increased productivity with less consumption of natural resources. It is all about preventing the over-exploitation of environmental resources, the underutilization of labour resources, and integrating the economy with environmental sustainability criteria. Furthermore our report is going to analyze businesses' green initiatives and the reasoning for them doing so. The key question we try to answer is, how big of an impact are these initiatives actually having on the environment? To answer this question we analyzed articles and graphs related to environmental sustainability, governmental strategies and the impact of green businesses in order to suggest strategies to our businesses, such as tax incentives, trade agreements or export subventions on environmental friendly products. It was fundamental to make some secondary research in order to answer our key questions. The well-being of our environment is a big issue today. We are on the verge of a climate change and the consequences if we do nothing to try to stop it may be severe. Not only is this an interesting topic but it needs to be more publicized. A lot of businesses are doing their part trying to help the world and they are using many different strategies to do so. This articles show us why and exactly how organizations are going about becoming eco-friendly and if their efforts are actually helping.