23 May '12, 11am

Why businesses shouldn't ignore Rio+20

Why businesses shouldn't ignore Rio+20

It is awfully tempting to ignore the Rio+20 Earth Summit . If you've been listening to the echo chamber of low expectations surrounding the summit, you can't be blamed for doing so. Many companies and even some environmental NGOs are keeping their heads down. But it's not in business' best interest to ignore the summit. We're in the midst of a tipping of the scales of power, where nation states have less of it, and companies -- and some civil society groups -- have much more. General Motors, for example, now has annual revenue larger than Bangladesh's gross domestic product (GDP). Walmart's revenue surpasses Norway's GDP. Meanwhile, the Gates Foundation has a larger annual budget than the World Health Organization. Regardless of whether the shift in power to private sector leaders is right or fair, business must be part of the sustainable development dialogue. Even sustain...

Full article: http://www.greenbiz.com/blog/2012/05/23/why-businesses-sh...

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