Companies are key players in the green economy transformation. BONN PERSPECTIVES considers what sustainable business management means in the 21st century.
More and more private companies are realising that responsible management can pay dividends. Companies that are quick to focus on environmental impacts will have a competitive advantage, improve their risk management and assume their social responsibility. The restructuring needed for the transition from a ‘brown’ to a ‘green’ society depends on the ability of private enterprises to innovate and reconfigure. They are both the pacesetters and beneficiaries of the green economy transformation. This shift requires determined effort yet also holds out major opportunities, as the international workshop ‘Climate Change Adaptation a Case for Business?’ has shown. BONN PERSPECTIVES therefore directs particular attention to the role of industry and its interplay with the political sphere and civil society as a part of the green economy transformation.