Question

The natural environment poses a problem for economic theory. Even if we accept, for the sake of argument, that the free market serves both employer and employee, buyer and seller, equally, the environment may be harmed by market transactions. The air and water can suffer. Economists calls this the problem of externalities.

Do you think that companies are becoming greener or must the government and consumer movements compel this to happen? Will it happen fast enough to avert climate catastrophe? Or do you think that ‘greening’ is an inappropriate goal? (150 words)

What does sustainable enterprise mean and are there any? (150 words)

Answer 1

Yes, Companies are becoming greener and government, consumer movements must compel this to happen, with such Green initiatives and practices, they can avert climate catastrophe condition, as there are various green initiatives those are like Tree Plantation, Recycle of paper, use or print no paper, promote electronic transaction, Etc, Greening can be also another important goal for any organization, as It also serves society, community of stakeholders, further, societies, stakeholders become benefited with such Initiatives, poor situation of climate happened due to Air pollution, Water Pollution, many market transaction uses more printing of papers, such papers also come from Tree, If we start using less number of papers, so demand gets reduced, as a result production of such Paper will be limited over time, further, plantation program will help us to get more oxygen and clean the air, trees also can consume CO2 from Air, hence, we should do plantation of trees,

Sustainable enterprise can be defined as an enterprise that brings no or very minimum negative effect on environment, societies, and communities, they have sufficient policies, practices and environmental norms in place, Many business organization are performing their operations to make each initiatives environment friendly and they are implementing various necessary business practices, improving the cultural level of the organizations to make their venture perfectly sustainable, with such plan to make their enterprise sustainable, they not only bring more benefits to environment, but also, more profits can be generated with such practices, hence, stakeholders can be engaged effectively, there will be more buy in from stakeholders, Yes, there are sustainable enterprise, many organizations also claim that they are sustainable, as they are impacting environment positively, many organization uses natural sources like solar power, that eliminates pollution related issues, however, there are only few or rare number of sustainable organization in pure form,