Corporate sustainability has failed: Digitizing regeneration may still save us

Author

Simon J.D. SCHILLEBEECKX, Singapore Management UniversityFollow

Publication Type

Journal Article

Version

publishedVersion

Publication Date

11-2021

Abstract

The author proposes a focus on regeneration as a way for small carbon footprint firms (e.g., consulting, financial services firms) to make a positive sustainability impact. He highlights that service industry firms can proactively contribute to the regeneration of common pool resources, such as forests and lakes, which often become neglected or overused. What makes regeneration different compared to more traditional donations to a conservation nonprofit is the use of digital technology that enables an organization to lay claim to the eco­system benefits it generates through its support. The digitization of benefits claims provides a transparent accounting system for environmental benefits. Schillebeeckx explains how transparency and accountability can lay the foundation for firms to work together to preserve and restore common pool resources.

Discipline

Business Law, Public Responsibility, and Ethics | Strategic Management Policy

Research Areas

Strategy and Organisation

Publication

Amplify

Volume

34

Issue

10

First Page

16

Last Page

20

Publisher

Cutter IT

Citation

Simon J.D. SCHILLEBEECKX. Corporate sustainability has failed: Digitizing regeneration may still save us. (2021). Amplify. 34, (10), 16-20.
Available at: https://ink.library.smu.edu.sg/lkcsb_research/7413

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.