Sustainable business practices—an environmental economics perspective

Tommy Lundgren*, Lammertjan Dam, Bert Scholtens

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingChapter

4 Citations (Scopus)

Abstract

In this chapter, we will discuss corporate social responsibility (CSR) from an environmental economics perspective. The discussion is based on existing research and aims to illuminate some concepts and create an explanatory framework for understanding the corporate behavior referred to as CSR and especially the environmental responsibility dimension. We argue that a theory about CSR would have to include trade-offs between personal taste and values, social norms, and market imperfections. The challenge with progressing academic research about CSR would be improving environmental accounting frameworks, both at the national level and at firm level. The system of double bookkeeping needs to be accompanied by environmental, social, and material flows accounts in a more detailed manner than what we see today. If not, any proposed theory about CSR would run the risk of being moot as it would be impossible to put it to the test.

Original languageEnglish
Title of host publicationChallenges in Managing Sustainable Business
Subtitle of host publicationReporting, Taxation, Ethics and Governance
PublisherPalgrave Macmillan
Pages205-229
Number of pages25
ISBN (Electronic)9783319932668
ISBN (Print)9783319932651
DOIs
Publication statusPublished - 1 Jan 2018

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