Stakeholders and Sustainability: An Evolving Theory
This conceptual article has three parts: In the first, I discuss the shortcomings of treating the environment as a stakeholder and conclude that doing so is theoretically vague and lacks prescriptive force. In the second part, I recommend moving from broad notions of preserving nature and appeals to beauty to a more concrete analytic framework provided by the idea of human sustainability. Using sustainability as the focus of concern is significant as it provides us with a more tenable and quantifiable standard for action, as in the case of carbon offsets and development of measures such as the United Nations Sustainability Indicators. In the final section, I draw on notions of stewardship to suggest that stakeholder management has a positive responsibility to promote sustainability. Copyright Springer Science+Business Media B.V. 2012
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Volume (Year): 109 (2012)
Issue (Month): 1 (August)
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References listed on IDEAS
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- Shona L. Russell & Ian Thompson, 2008. "Accounting for a Sustainable Scotland," Public Money & Management, Chartered Institute of Public Finance and Accountancy, vol. 28(6), pages 367-374, December.
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- Post, James E., 1991. "Managing as if the earth mattered," Business Horizons, Elsevier, vol. 34(4), pages 32-38.
- Wicks, Andrew C. & Gilbert, Daniel R. & Freeman, R. Edward, 1994. "A Feminist Reinterpretation of The Stakeholder Concept," Business Ethics Quarterly, Cambridge University Press, vol. 4(04), pages 475-497, October.
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