Conflict translates environmental and social risk into business costs.

ABSTRACT: Sustainability science has grown as a field of inquiry, but has said little about the role of large-scale private sector actors in socio-ecological systems change. However, the shaping of global trends and transitions depends greatly on the private sector and its development impact. Market-based and command-and-control policy instruments have, along with corporate citizenship, been the predominant means for bringing sustainable development priorities into private sector decision-making. This research identifies conflict as a further means through which environmental and social risks are translated into business costs and decision making. Through in-depth interviews with finance, legal, and sustainability professionals in the extractive industries, and empirical case analysis of 50 projects

SUBMITTER: Franks DM 

PROVIDER: S-EPMC4040549 | biostudies-literature | 2014 May

REPOSITORIES: biostudies-literature