CASE STUDY: Coal seam gas: the sustainable business response Coal seam gas is a

Question

CASE STUDY: Coal seam gas: the sustainable business response Coal seam gas is a volatile and divisive fuel, dubbed by the industry as a greenhouse hero, but perceived by environmentalists as a water villain.' In Australia, the rapid expansion of coal seam gas (CSG) mining may risk other important natural resources. The resources at risk include clean, fertile agricultural land; safe, long-term water supplies; and a safe and pleasant countryside. Other risks include uncertain environmental damage, growing social disharmony and a break-down in corporate management regulators and systems that are struggling to keep pace with the development of CSG.

Explanation / Answer

Shared value approach is the approach used for doing business with the social problems. The social problems may be like pollution, gree house gas and CO2, etc.

Here in this case Coal Seam gas is very harmful to the environment as it is a water villian. It harms the natural resources. It harms agriculture land and water reaources. The CSG operations provide the alternative solutions to this problems.This provide more social and ethical responsibility on the shoulder on the mining companies. The shared value provide the ethical way to handle the problem related to the nature. The government have the more intervention on the social issues. So the company has to work as per the rules and regulations of the government. The company needs to work with collaboration with the government so as to share the benefits it would be helpful to the organization in order to retain in the environment. The win win situation is the situation when the organization ripes the benefits with less efforts and resources. The shared value approach would helps the company to think over the social problems which arises from the business operations. The organization deals with social issues thinks ethically. So, the situation of ethical thinking would leads to win win situation.

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