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Environmental Impact Assessments from a Business Perspective: Extending Knowledge and Guiding Business Practice

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  • Hermann Lion
  • Jerome Donovan
  • Rowan Bedggood

Abstract

Economic growth and development remain embedded in the very core of our current international economic system and the so called “material economy”. However, depleting natural resources and environmental degradation, which now threaten the well-being of future generations, has challenged this premise, and placed sustainable development as a necessary objective of business activity and expansion. Environmental impact assessments (EIAs) have emerged as a key tool for governments, businesses, and NGOs to manage the negative impact of their activities on the environment. Businesses in particular play a key role in averting or mitigating current environmental trends given that the economic growth they have stimulated has serious consequences for both the environment and social well-being. However, research on the use of EIAs has been conducted mostly from a governmental perspective producing a clear gap between research development and business (corporate) practice. To bridge this gap in knowledge, we develop a new EIA process tailored to real world business constraints and provide a range of propositions which we hope will stimulate future research efforts toward understanding and guiding how businesses integrate environmental issues into their decision-making processes. Copyright Springer Science+Business Media Dordrecht 2013

Suggested Citation

  • Hermann Lion & Jerome Donovan & Rowan Bedggood, 2013. "Environmental Impact Assessments from a Business Perspective: Extending Knowledge and Guiding Business Practice," Journal of Business Ethics, Springer, vol. 117(4), pages 789-805, November.
    • Handle: RePEc:kap:jbuset:v:117:y:2013:i:4:p:789-805
    DOI: 10.1007/s10551-013-1721-3
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    References listed on IDEAS

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    4. Ikenna Elias Asogwa & Maria Estela Varua & Peter Humphreys & Rina Datt, 2021. "Understanding Sustainability Reporting in Non-Governmental Organisations: A Systematic Review of Reporting Practices, Drivers, Barriers and Paths for Future Research," Sustainability, MDPI, vol. 13(18), pages 1-26, September.

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