Corporate Sustainability Managing Responsible Business in a Globalised World

This chapter will assess climate change as a concern for business, both as a stand-alone issue and as part of the broader shift that scientists are calling the Anthropocene. It begins by examining the extent to which the market – comprised of corporations, the government and non-governmental organisations, as well as the many stakeholders in market transactions, such as the consumers, suppliers, buyers, insurance companies, banks, etc., is the cause of the climate crisis, but also discussing the extent to which the market must also be the solution. It then presents two models for examining the role that business can play in addressing the climate crisis. The first is Enterprise Integration, which works by fitting climate concerns within existing business objectives and parameters. The second is Market Transformation, which is based on the premise that systemic change is necessary to address the systems challenge of climate change. The chapter concludes with a call for business students and business leaders to think of their career as a vocation or a calling, one that recognises the vast power that business has to solve our climate challenges or bring us to ruin.