Capitalism, the sustainability crisis and the limitations of current business governance

Sjafjell, Beate and Richardson, Benjamin 2015, Capitalism, the sustainability crisis and the limitations of current business governance. In Sjafjell, Beate and Richardson, Benjamin J. (ed), Company law and sustainability: legal barriers and opportunities, Cambridge University Press, New York, N.Y., pp.1-34.

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Title Capitalism, the sustainability crisis and the limitations of current business governance
Author(s) Sjafjell, Beate
Richardson, Benjamin
Title of book Company law and sustainability: legal barriers and opportunities
Editor(s) Sjafjell, Beate
Richardson, Benjamin J.
Publication date 2015
Chapter number 1
Total chapters 8
Start page 1
End page 34
Total pages 34
Publisher Cambridge University Press
Place of Publication New York, N.Y.
Summary This book investigates the limitations of corporate governance and somerelated business laws, and their potential reform in furthering environmentallysustainable development, or ‘sustainability’, as this term is moreconveniently known. The central idea is that promoting sustainabilitycannot be left solely to corporate volunteerism, but also requires enablinglegal frameworks that go beyond conventional environmental regulationto ensconce within company law the necessary standards and procedures.While the book is strongly motivated by the threat of global climatechange, which challenges the traditional assumptions and purpose ofbusiness enterprise over the long term, along withmany other domains ofhuman endeavour, a range of other environmental problems such as theloss of biodiversity also suggests that a different approach to businessactivity is needed. Arising from the work of the Sustainable CompaniesProject, led by Professor Beate Sj°afjell at the University of Oslo,1 this volumeoffersmulti-jurisdictional perspectives fromscholars of business andenvironmental law. Over eight chapters, a mosaic of analyses, spanningcompany law, accounting standards, and financial markets regulation,identify both the barriers to and the opportunities to promote sustainabilityin the context of corporations and their financial investors. Thebook concludes with some ideas to further ‘sustainable companies’, aphrase intended to capture the ideal of corporations and other businessentities acting within environmentally sustainable parameters. The focusof the book is to deepen our understanding of the barriers to creatingsustainable companies, rather than outlining a blueprint for reform.
ISBN 1316319067
Language eng
Field of Research 1801 Law
Socio Economic Objective 0 Not Applicable
HERDC Research category B1.1 Book chapter
ERA Research output type B Book chapter
Copyright notice ©2015, Cambridge University Press
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