If life on our one and only planet is to be pulled back from the brink, the time for voluntary ecological measures from businesses has surely passed
That it has come to this was foretold, most notably in 1972 with the publication of the Limits to Growth, which was scorned at the time but whose model scenarios for societal collapse are worryingly on track. Photograph: Karim Sahib/AFP via GettyThe sheer magnitude of the biodiversity crisis is laid bare in the biannual Living Planet Index compiled by the World Wildlife Fund and the Zoological Society of London.
There is a conflation of capitalism with reality, that this is the only way things operate. There are other ways of organising our relationships with nature and each otherIf capitalism is the overriding driver of runaway consumption of resources, and so the collapse of biological systems, it is remarkable how it has been nearly absent in debates around the ecological crisis.
While the unleashing of the profit motive has brought wealth, comfort and luxury to many, it has also led to widening inequality in the rich world, while two billion people, a quarter of humanity, remain mired in poverty. All the while, accelerating deterioration of ecosystems, climate and water bodies may render the capitalist experiment little more than a blip in the human story.
One response to making those costs visible is the production of so-called “natural capital accounts”, effectively a mechanism of confronting economic sectors with the true costs of their services or products.
So where does that leave the role of private companies? Lucy Gaffney is the director of the Business for Biodiversity platform, an initiative funded by the National Parks & Wildlife Service and Department of Agriculture, which aims to get every Irish business to incorporate nature into their decision-making.
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