Environmental Ethics: A Key Role in Corporate Performance

The business organizations flourish only because of the growth of consumerism. The growth of consumerism will lead to high rate of consumption of natural resources, which further raise many environmental problems. Business organizations use natural resources in order to produce their products which deplete water resources, destroy forests and pollute the atmosphere. These business organizations have a social responsibility to bear, since they have played a major role in environmental degradation. Environmental problems thus pose challenges and opportunities to business organizations. Thus, environmental considerations play a key role in corporate strategy. Markets of new millennium will be able to create wealth if they respond to the challenges of sustainable development, as unsustainable products will become obsolete. Therefore, in the present study concept of environmental ethics, ethical issues and ethical practices of environment was discussed followed by case studies, which proves that incorporating environmental issues in their businesses proves to enhance corporate performance.