The Development of Sustainability Initiatives

Abstract

Sustainability is recognised as an important objective in business planning and is of equal relevance to policy makers. It is equally accepted, almost universally, that the resources of the planet are finite and are being overconsumed on an annual basis. The prognosis therefore is that resources are being depleted and competition for access to remaining resources must ensue, increasing the transaction costs of business activity. Given that there are no further resources available to the world, then attention must be paid to the best way of utilising those resources, implying possibly different ways of organising or collaboration. This involves strategic decisions at both local and global levels, and Game theory is recognised as a key strategic tool by policy makers and by business decision-makers. Surprisingly therefore, although it has been recognised that Game theory has relevance to addressing the problems of manufacturing due to resource depletion, no detailed work has been done in this area.

Citation

Seifi, S. and Crowther, D. (2020), "The Development of Sustainability Initiatives", Crowther, D. and Seifi, S. (Ed.) Governance and Sustainability (Developments in Corporate Governance and Responsibility, Vol. 15), Emerald Publishing Limited, Leeds, pp. 1-14. https://doi.org/10.1108/S2043-052320200000015001