Transnational Corporations, Biosphere Stewardship, and Sustainable Futures

Österblom, Henrik and Bebbington, Jan and Blasiak, Robert and Sobkowiak, Madlen and Folke, Carl (2022) Transnational Corporations, Biosphere Stewardship, and Sustainable Futures. Annual Review of Environment and Resources, 47 (1). ISSN 1543-5938

[img]
Text (Österblom_et al_R1_final)
O_sterblom_et_al_R1_final.docx - Accepted Version
Available under License Creative Commons Attribution.

Download (499kB)

Abstract

Corporations are perceived as increasingly powerful and critically important to ensuring that irreversible climatological or ecological tipping points on Earth are not crossed. Environmental impacts of corporate activities include pollution of soils, freshwater and the ocean, depletion of ecosystems and species, unsustainable use of resources, changes to air quality, and alteration of the global climate. Negative social impacts include unacceptable working conditions, erosion of traditional practices, and increased inequalities. Multiple formal and informal mechanisms have been developed, and innovative examples of corporate biosphere stewardship have resulted in progress. However, the biosphere crisis underscores that such efforts have been insufficient and that transformative change is urgently needed. We provide suggestions for aligning corporate activities with the biosphere and argue that such corporate biosphere stewardship requires more ambitious approaches taken by corporations, combined with new and formalized public governance approaches by governments.

Item Type:
Journal Article
Journal or Publication Title:
Annual Review of Environment and Resources
Uncontrolled Keywords:
/dk/atira/pure/subjectarea/aacsb/disciplinebasedresearch
Subjects:
ID Code:
171787
Deposited By:
Deposited On:
13 Jun 2022 15:40
Refereed?:
Yes
Published?:
Published
Last Modified:
22 Jan 2023 02:19