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Highlights
This topic takes a completely novel and all-encompassing approach to sustainability. It is based on the notion that knowing how we operate in the environment through cognition and organizational frameworks (i.e. institutions) leads to a more prudent and responsible approach to life. The institutional underpinnings of our worldviews, as well as the tools we use to respond and act, are investigated. In science and engineering, mini-excursions are often used to highlight conditions. The topic introduces and investigates concrete sociopolitical instruments such as unintended side effects mitigation and triple bottom line bookkeeping. Their function as leading change in the transition towards environmentally friendly institutions is emphasized.
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A corporate responsibility policy, commonly referred as a sustainability report, is a list of responsibilities that have been prioritized. It establishes a structure for directing investment and attaining results but include stakeholders both internal and external. Any plan must begin with the reason for the situation of the business.
Common roadblocks to shifting toward sustainability include: Profit and growth take precedence over people and natural capital in managers' conflicting incentives. The job is insurmountable for organizational structures. Inadequate capital to invest in novel techniques of operation design and management.