Sustainability and Company Law: An Improbable Union?
European Company Law, Vol. 8, No. 2-3, pp 54-55, 2011
4 Pages Posted: 4 Mar 2011 Last revised: 10 Aug 2011
Date Written: 2011
While many business leaders speak of the economic case for environmental and social responsibility, and "sustainability" has gained broad acceptance as a crucial goal for any civilised society, many business managers and corporate regulators continue to believe that dealing with climate change and other pressing ecological problems should be left to environmental law. Company law, on the other hand, they believe should be reserved for furthering business activity and economic prosperity. It is a curious division of labour that is not justified. If sustainability is to become a meaningful normative framework for enlightened corporate behaviour, it must be incorporated into company law itself.
The author is a member of the project team of the Sustainable Companies project at the Faculty of Law, University of Oslo.
Keywords: Sustainabilitiy, company law, climate change, csr
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