Sustainable industry

There is an increasing link between businesses environmental performance and their profitability. Drivers for sustainable business practice include market trends, central government policy, resource scarcity, and environmental pressures like climate change. This paper focuses on the importance of market trends and government policy. Market trends are an important driver because environmental concerns are increasingly becoming part of consumer purchasing behaviour and are beginning to influence government purchasing. Government policy affects all businesses and is influenced at a high level by sustainable development aims. A relevant, specific shift in government policy is product stewardship, this initiative aims to encourage producers and other parties involved in products to internalise a substantial proportion of the environmental costs arising from the final disposal of their products. This paper finishes by posing challenges to the roading/land transport sector based on the characteristics of sustainable businesses.


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Filing Info

  • Accession Number: 01388856
  • Record Type: Publication
  • Source Agency: ARRB
  • Files: ATRI
  • Created Date: Aug 23 2012 1:20AM