Pace of Environmental Degradation

WORLD ECONOMIC FORUM
DISCUSSION
SAFEGUARDING OUR PLANET

INTRODUCTION
• THE CHANGES IN THE GLOBAL CLIMATE HAS INCREASED THE PACE OF
ENVIRONMENTAL DEGRADATION WITH MELTING ICE PEAKS, RISING WATER LEVEL,
POLLUTION OF AIR AND WATER, AND DEPLETION OF NATURAL RESOURCES
• THE RAPID INDUSTRIALIZATION AND GROWTH OF TECHNOLOGIES THAT PROMISED
OF A BETTER LIFESTYLE, CONTRIBUTED SIGNIFICANTLY TO GLOBAL CLIMATE
CHANGE
• IN THIS RELATION, SCHALTEGGER AND BURRITT (2017) OPINED THAT THE MOST OF
THE COMPANIES HAVE TAKEN THE INITIATIVE OF ECO- FRIENDLY TECHNOLOGIES

SAFEGUARDING OUR PLANET
• THE MAJOR ISSUE THAT WAS EXHIBITED THROUGH THE ANNUAL MEETING ON
“SAFEGUARDING OUR PLANET” WAS THE ENVIRONMENTAL DEGRADATION
AND THE DIFFERENT CAUSES THAT CONTRIBUTED TO THE CATASTROPHIC
CHANGE IN THE GLOBAL CLIMATE
• THE MEETING OF WORLD ECONOMIC FORUM CRITICALLY EVALUATES THE
DIFFERENT SOURCES OF ECONOMIC, SOCIAL AND ENVIRONMENTAL
SUSTENANCE RELATED CONCERNS

SAFEGUARDING OUR PLANET
• IN THIS CONNECTION, THE MEETING ON “SAFEGUARDING OUR PLANET”
ADMINISTERED THE NEEDS OF ENVIRONMENTAL SUSTENANCE
(WEFORUM.ORG 2019)
• IT HAS BEEN NOTED THAT THE INCREASING RATE OF POLLUTION FROM THE
DIFFERENT INDUSTRIES AND THE ENHANCED POPULATION IN MOST OF THE
COUNTRIES SIGNIFICANTLY CONTRIBUTED TO GLOBAL WARMING AND OTHER
DEGRADATION BASED CONCERNS

SAFEGUARDING OUR PLANET
• HOWEVER, THE INCREASED INITIAL COST OF IMPLEMENTING THE ECO-
FRIENDLY TECHNOLOGIES RESTRICTED THE CAPABILITY OF THE
ORGANIZATIONS IN MAINTAINING THEIR STANDARDS TO SUIT THE
ENVIRONMENTAL CONCERNS
• THE MEETING CRITICALLY ENUMERATED THE DIFFERENT HUMAN RELATED
FACTORS THAT CONTRIBUTED TO THE INCREASING RATE OF ENVIRONMENTAL
CONCERNS

SAFEGUARDING OUR PLANET
• THE VIDEO “SAFEGUARDING OUR PLANET” EXAMINED THE VIEWPOINTS OF
THE SPOKESPERSON FROM THE MAHINDRA GROUP AND THE MANNER IN
WHICH THEY THE ORGANIZATION AIMED AT MINIMIZING THEIR CARBON
FOOTPRINTS WHILE OPERATING ON THE DEDICATED PROCESSES
(WEFORUM.ORG 2019)

SAFEGUARDING OUR PLANET
• IT MIGHT BE NOTED THAT MOST OF THE LARGE MULTINATIONAL
ORGANIZATIONS HAVE TAKEN THE INITIATIVE OF MINIMIZING CARBON
FOOTPRINTS AS THEIR CSR EFFORTS (PINKSE AND GROOT 2015)
• HOWEVER, ONE OF THE MAJOR ISSUE THAT IS BEING FACED BY THE
ORGANIZATION IS DUE TO THE INCREASED SHORT TERM COST OF
IMPLEMENTING THE ECO- FRIENDLY TECHNOLOGIES (WEFORUM.ORG 2019)

SAFEGUARDING OUR PLANET
• ON THE OTHER HAND, THE POLITICAL SCENARIO AD THE GOVERNMENT IS
ALSO NOTED TO PLAY AN IMPORTANT ROLE IN ADHERING TO THE
ENVIRONMENTAL CONCERNS
• THE LEGISLATIONS AND REGULATIONS RELATED TO ENVIRONMENTAL
CONCERNS ARE THE MAJOR MONITORING AND CONTROLLING ACTIVITIES
THAT ARE BEING UNDERTAKEN BY THE GOVERNMENTS WITH THE PURPOSE
OF CONTRIBUTING TO CONSERVATION RELATED OBJECTIVES (JAMALI, KARAM
AND BLOWFIELD 2017)

SAFEGUARDING OUR PLANET
• IT HAS BEEN NOTED THAT THE LIMITED FUNDING OF THE ORGANIZATIONS
AND THE MOTIF OF THE SAME TO GAIN LARGER MARGINS
• THE RISE IN POPULATION ALSO CREATED PRESSURE ON THE AVAILABILITY OF
NATURAL RESOURCES. IT HAS BEEN NOTED THAT THE BUSINESS
COMMUNITIES TOOK THE INITIATIVE OF IMPROVING THE LIVING STANDARDS
WHILE INCREASING THEIR ENVIRONMENTAL SUSTENANCE RELATED
OPERATIONS

CONCLUSION
• THEREFORE, FROM THE ANALYSIS OF THE VIDEO “SAFEGUARDING OUR
PLANET” IT MIGHT BE STATED THAT THE INCREASED ENVIRONMENTAL
CONCERNS ARE SPECIFICALLY RELATED TO THE MULTI- DIMENSIONAL
FACTORS, INCLUDING THE ACTIVITIES OF BUSINESS COMMUNITIES AND THE
INDIVIDUALS
• THEREFORE, THE DIFFERENT CONSERVATION RELATED OPERATIONS ARE
ASCERTAINED BY THE ORGANIZATIONS WITH THE MOTIF OF INCREASING THE
ENVIRONMENTAL SUSTENANCE

REFERENCES
• JAMALI, D., KARAM, C. AND BLOWFIELD, M., 2017. INTRODUCTION: CORPORATE SOCIAL RESPONSIBILITY
IN DEVELOPING COUNTRIES: A DEVELOPMENT-ORIENTED APPROACH. IN DEVELOPMENT-ORIENTED
CORPORATE SOCIAL RESPONSIBILITY: VOLUME 2 (PP. 1-12). ROUTLEDGE.
• PINKSE, J. AND GROOT, K., 2015. SUSTAINABLE ENTREPRENEURSHIP AND CORPORATE POLITICAL
ACTIVITY: OVERCOMING MARKET BARRIERS IN THE CLEAN ENERGY SECTOR. ENTREPRENEURSHIP
THEORY AND PRACTICE, 39(3), PP.633-654. SCHALTEGGER, S. AND BURRITT, R., 2017. CONTEMPORARY
ENVIRONMENTAL ACCOUNTING: ISSUES, CONCEPTS AND PRACTICE. ROUTLEDGE.
• WEFORUM.ORG., 2019. SAFEGUARDING OUR PLANET. [ONLINE] WORLD ECONOMIC FORUM. AVAILABLE
AT: HTTPS://WWW.WEFORUM.ORG/EVENTS/WORLD-ECONOMIC-FORUM-ANNUAL-MEETING-2019/
SESSIONS/OUR-PLANET [ACCESSED 15 DEC. 2019].