Professional Documents
Culture Documents
Economics
Ethics
Session 9
1
Table of Content
Chapter 5 of Velasquez
2
Why would we care?
What does it mean for business?
Risk of
Instrumental
Environment
& Rights
Livable Ecological approach;
environment Non-humans have
intrinsic value
Extreme: ban on pollution
What does it mean for business?
Risk of
Instrumental
Mission-based
No reason that
Nature gets less Intrinsic
Why would we care? (Brennan and Lo, 2011)
Nitrogen
Biodiversity
Cycle
Losses
(Extinction
Rate)
7
8
Exercise: Climate Change
11
Issues (Meyer, 2008)
x 130 improvement
15
How to solve it?
16
How to solve it?
http://www.youtube.com/watch?v=1af08PSlaIs
How to solve it?
http://www.youtube.com/watch?v=1af08PS
laIs
Sustainability
Two articles on UV
One on climate change compensation by Daniel
Farber (2007)
Overview of environmental ethics by Brennan
and Lo (2011)
21
Issues (D. Farber in UV)
Is compensation warrented? Which claim?
Catastrophic event? Only measurable? Mid-range
impact (natural system, sea level, water)
Informational and symbolic claims
Back to moral responsibility question
Which institutional process (litigation)?
Beyond clean-up and property devaluations,
environmental values
Private insurance but not for catastrophic risk, litigation
(but need for proof of negligence), government (special
case)
Who pays? Beneficiaries? Poluter? Public? Climate change
winners? 22
Table of Content
23
From separation to integration
Questions:
ENDS
Questions:
Principles for Stakeholder Cooperation:
Purpose
What are the major tradeoffs that we make
and
in managing our stakeholder relationships?
Values
What are we doing to improve these
tradeoffs?
all stakeholders
2 and Principles for specific
Stakeholder
Principles stakeholders Management
Questions:
What are our most vocal critics saying about
Purpose us?
and Is there a way of opening a dialogue with our
critics so that we can learn from them how to
Values
realize our purpose and principles in a better
Internallly - focused
way?
What issues are on the horizon in society that
will affect the kind of company that we want to
Stakeholders be in the next ten years?
and What obligations, principles, and governance
Principles mechanisms do we want to use to interact with
stakeholders who have become our critics (or
stakeholders we have not explicitly
recognized earlier)?
Purpose
and
The Basic Value Proposition (goals/ ends)
Values
Societal Context
And Understanding the Broader Societal
Responsibility Standards of Conduct/ Principles (values)
Table of Content
29
30
31
According to the article, in 2012, the
average multiple of CEO compensation to
that of rank-and-file workers was 204, up
20% since 2009. In other words, the
average CEO made 204 times what the
average worker earned in wages and
benefits.
32
Great sportsmen !
But indecent salary?
Fair Wage of sportsmen
* Low social value (SROI) %
wage?
* Why thousands time more
than engineers?
35
Some issues
36
Which criteria for wages in companies?
Choices Mesurable
Seniority, Social mission
Competition,
Painful
Studies
Place 37