Approaches to Sustainable Development for Business Performance and Clean Growth

Different Approaches to Sustainable Development

The objective of the UK government to foster ‘clean growth’ implies that businesses will have to deliver value to their customers and other stakeholders while reducing their impacts on the environment, such as CO2 emissions and waste. Some sectors will be more affected than others, but managers within each sector will use techniques derived from approaches such as those listed below to help them manage the transition.
1. Making use of academic literature, briefly summarise each of the approaches to
sustainable development below, explaining how suitable (or not) each might for the
analysis of business performance in the context of clean growth.
The Triple Bottom Line
 The Five Capitals
Natural Capitalism
Cradle to Cradle
The Circular Economy
 The Balanced Scorecard
2. Choose a type of business (such as a breakfast cereal manufacturer) from either the automotive, construction, energy or food sectors; then choose two approaches from the list above and briefly describe how each can be used to evaluate the chosen business in terms of its environmental impact, its responsibilities and its risks