Historically, Sustainability in the Business World Has Been Measured via the Businesses' Environmental Impacts
Sustainability used to be measured with this single set of metrics.
Jun 9, 2021Updated 3 days ago
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Third party organizations (NGOs) and governments (national and local) for decades have been measuring the impacts that corporations have on the natural world through state level environmental reporting.
The name of the game was compliance: i.e. abiding by existing environmental laws and regulations in order to not actively destroy the natural world. Actively making the community a better place was rarely part of the equation.
Since the 1970s, starting with the Clean Water and Clean Air legislation, the Environmental Protection Agency began monitoring and regulating how businesses interact with the environment. This included preventing businesses from polluting as well as protecting local animals and land.
The EPA is part of the executive branch, so its regulations and enforcement have changed over time, with former President Barack Obama being more strict on enforcement where former President Donald Trump often focused on deregulating. The environmental responsibility of corporations was therefore often tied to the whims of the president and his administration.
Lisa agrees with this fact based on:
this is how regulation has historically worked
How Important Are EPA Regulations for Businesses Going Green?
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