The ethical dilemma of sustainable development: Guyana

Abstract

Purpose -The purpose of this paper is to provide the ethical justification for an argument regarding compensatory sustainability programs in general and for small developing nations such as Guyana. Design/methodology/approach -This is a conceptual paper. A logical argument is presented and objections are analyzed. Findings -Compensatory sustainability programs can be seen to be justified by influential ethical theories such as Utilitarianism and Distributive Justice. Free market objections to compensatory sustainability initiatives are shown to be ethically and practically problematic.Research limitations/implications -While this is a conceptual study, further empirical research is needed regarding the interplay between the social, economic and ecological systems in developing countries, leading to the formulation of the specifics of practical legislation. Practical implications -The findings in this paper will lead to innovative policy decisions that will increase sustainable practices in small developing countries. Originality/value -During the Copenhagen climate change conference in 2009, it was agreed that developing countries should be compensated for their participation in sustainability initiatives. The ethical and theoretical parameters of this debate were not articulated in a sustained and comprehensive manner. The paper provides the theoretical underpinnings for compensatory sustainability programs in third world countries. In the context of defending their argument, the authors also examine larger philosophical issues regarding human nature in general and how these debates relate to the issues of sustainability and globalization.

Role of Organizational Ethics in Sustainable Development: A Conceptual Framework

“…Pursuing ethical business objectives serves sustainable development around the world, for example, sustaining a clean environment benefits everyone and promotes the sustainability of the planet [85]. The pursuit of ethical business objectives can be observed through corporate social responsibility (CSR) policy and performance.…”

“…Companies should identify who the major stakeholders are. They must pay attention to the expectations of stakeholders [85]. Thus, it is necessary for companies to identify the expectations of different stakeholders [86,87].…”

Moderating role of ethics between Sustainability and Environmental Social Governance

“…The need for development of ethical sensibility is more important than ever because of the disconnect between human action and rationality according to ecocentric values (Chauı´, 1995). Furthermore, ethical values and norms perceive that harmful attitudes, dangerous conduct, and dilemma situations are permanent risks that must be controlled and limited (Depoo and Rosner, 2016).…”