So it has come to this. Despite a mountain of scientific evidence emphasising the catastrophic implications of human-induced climate change, governments seem unable to take any significant steps to break humanity’s addiction to fossil fuels. As Chris Hayes recently noted, having been confronted with the fact of our addiction we now are in the full throws of denial; ‘it’s not that bad’, ‘we need fossil fuels to prosper and grow’, ‘one more fossil fuel development won’t matter’, ‘how bad can it be?’ etc. For governments and politicians long inculcated in the interests of the market and short-term corporate profit, the maintenance of a habitable atmosphere now appears something we are willing to forgo.
Guest post by Professor Dirk Matten
Nearly a decade ago, The Economist ran a special report on corporate social responsibility (CSR) which opened with the line: ‘CSR has won the battle of ideas’. What was true back then in 2005 is certainly a truism today. Hardly any major company does not tell you on their website, their reports or other communications what they are doing with regard to CSR (or whichever other label they choose for this).