Harmony between a business's internal and external environment is extremely important for its sustainability. Companies with an economic system and a social structure should continue their activities by evaluating all factors in the internal and external environment.
The state and non-governmental organizations have taken action to minimize problems such as natural pollution, lack of resources, and deterioration of public health that arise as a result of the activities of companies. To ensure the welfare and security of societies and future generations, states and non-governmental organizations produce solutions within three basic sustainability dimensions. These three basic dimensions are: Businesses that incorporate economic, social, and environmental aspects are called "green businesses."
In the realm of business, ethics and responsibility are not mere buzzwords, but guiding principles that shape every action. The decisions businesses make are not just influenced by economic factors, but also by ethical and moral values. These values not only impact the internal dynamics of businesses, but also serve as a crucial determinant of their standing in the external environment.
Environmental ethics are the responsibilities that people have to protect the environment. After the Industrial Revolution, most ecosystems and living species were greatly damaged. Therefore, states have produced different solutions to reduce this damage and draw attention to the concept of "environmental ethics." Solutions within the scope of environmental ethics aim to ensure the protection of ecology. Due to the importance of environmental ethics, the concept of "social responsibility" has come to the fore in businesses.
The concept of corporate social responsibility covers four primary responsibilities. These four primary responsibilities are economic, humanitarian, ethical, and legal. While economic duties include paying taxes, paying salaries to employees, and contributing to the country's economy, ethical responsibilities aim to provide social benefits. Circular economy represents an approach that supports sustainability not only from an environmental perspective but also from an economic and social perspective. This model plays a vital role in issues such as protecting natural resources, reducing the amount of waste, and supporting economic development.
Ultimately, the circular economy is not just a concept, but a powerful tool that businesses can wield to achieve goals such as sustainable use of natural resources, efficient waste management, and robust economic development. By embracing this model, businesses can play a pivotal role in driving essential steps towards sustainability, both in environmental and financial terms.
Author:
Utku Bayazıt
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