Sustainability focuses on meeting the needs of the present without compromising the ability of future generations to meet their needs. The concept of business sustainability comprises three pillars: economic, environmental and social (Human & Labor) – also known as people, planet and profits. (Investopedia https://www.investopedia.com/terms/s/sustainability.asp_). The focus recently (including by regulators) has added a fourth pillar – governance (anti-bribery and corruption). Organizations in the pursuit of profit have been implicated in a number of scandals involving bribery & corruption, fraud, labour and human rights abuses, and environmental degradation. What role does law and ethics play in holding companies and individuals responsible for such scandals? How can companies ensure that they pay attention to social, environmental and governance factors and remain profitable? How do individuals and organizations decide what is the right thing to do? This course will require students to understand broad business sustainability issues and to apply ethical reasoning processes to decision making.
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I enjoy law and story-telling, which makes the module a pretty exciting one to me (Many may disagree with me).
You will learn about the scandals of many companies, what makes the world so uncertain and our future so bleak, and some ways you can make the world a better place. The content may be quite dry if you do not enjoy learning about law and ethics, and the assignments are quite demanding in that you have to do your own research, deal with critics, and be the critic in future (but hey this would be what you may encounter at work so might as well practice now right).
Highly recommended for those who want to do compliance related work.May 26, 2021
