What Needs to Be True?

Raz Godelnik ()
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Raz Godelnik: The New School

Chapter Chapter 7 in Rethinking Corporate Sustainability in the Era of Climate Crisis, 2021, pp 117-132 from Springer

Abstract: Abstract This chapter presents the first part of a roadmap aimed at realizing the shift from sustainability-as-usual to awakened sustainability. Applying inversion, I consider what needs to be true in the world to allow for this shift to take place. Lessig’s “New Chicago School” framework, which focuses on four forces (conditions) regulating behavior (law, markets, social norms, and architecture) provides a useful framework for this purpose, allowing us to give proper weight to the institutional environment’s impact on the behavior of companies. Building on existing research, the chapter lays out key changes in each condition that need to occur to make awakened sustainability possible: changes in corporate law (law), financial incentives (markets), social norms and meanings (social norms), and organizational culture (architecture).

Keywords: Social norms; Organizational culture; Green bond; Chicago new school; Corporate law; Green credit (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-77318-2_7

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DOI: 10.1007/978-3-030-77318-2_7

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