Is ‘emissions trading’ a possible solution to environmental degradation?
• NGOs have traditionally played a strong role in raising awareness of environmental and ethical issues in business, sometimes through controversial means. However, there is a growing trend for them to also collaborate with business and for business to engage with them in dialogue rather than the more confrontational relationships of the past. These kinds of partnership are likely to increase. For example, the Institute for One World Health find innovative solutions to address the fact that while 90% of the world’s disease burden falls on developing countries, only 3% of R&D in pharmaceutical companies is aimed at these diseases. The institute takes on drug development projects that are dropped for lack of funding from university departments and pharmaceutical companies. If the idea is in patent, they persuade the owner to donate the intellectual property, find non-commercial funding and persuade various researchers to contribute expertise pro bono. Can business procurement ever be eth
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