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Redefining the Corporation for a Sustainable New Economy

Sjafjell, Beate

Journal of law and society, 2018-03, Vol.45 (1), p.29-45 [Periódico revisado por pares]

Oxford: Blackwell Publishing Ltd

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  • Título:
    Redefining the Corporation for a Sustainable New Economy
  • Autor: Sjafjell, Beate
  • Assuntos: Boundaries ; Business ; Comparative analysis ; Economic growth ; Economic systems ; I. Enterprise ; Jurisdiction ; Primacy ; Reforms ; Sustainability ; Sustainable development
  • É parte de: Journal of law and society, 2018-03, Vol.45 (1), p.29-45
  • Notas: Sustainable Market Actors for Responsible Trade (SMART) receives funding from the European Union's Horizon 2020 research and innovation programme under Grant Agreement No 693642, and I gratefully acknowledge its support. Warmest thanks to Bronwen Morgan for organizing the colloquium where this article was first presented, to the participants for stimulating discussions, and to the three reviewers for insightful suggestions and constructive criticism.
  • Descrição: 'Business as usual' is a very certain path towards a very uncertain future. On the 'business as usual' trajectory, the achievement of the UN Sustainable Development Goals (SDGs), epitomizing the overarching goals of global society, is unlikely. A fundamental transition away from 'business as usual' and onto a sustainable path is necessary. However, the SDGs themselves do not seem informed by a recognition of a potential conflict between indefinite economic growth and planetary boundaries. This article posits that this is symptomatic of our economic system, and turns to the dominant business form – the corporation – to discuss its significance as a barrier to and potential as a driver for sustainability. Drawing on multi-jurisdictional, comparative research, the article presents a reform proposal, challenging the shareholder-primacy drive, and ending on a positive note with the potential of corporate contribution to systemic change.
  • Editor: Oxford: Blackwell Publishing Ltd
  • Idioma: Inglês;Norueguês
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