A Conceptual Approach to the Ecological Footprint as an Indicator of the Environmental Sustainability of Business: A Short Note

Authors: Chee Kong Yap1*, Chee Seng Leow2 and Wing Sum Vincent Leong2

DOI: 10.23880/oajar-16000354

Volume 9, Issue 1

Abstract

This study aims to create a conceptual framework for the ecological footprint as an indicator of the environmental sustainability of business based on a relevant literature review. A theoretical-based conceptual framework study used journal articles searched on reliable internet sources. Based on the literature review, five advantages can be highlighted as a) Identifying Opportunities for Improvement, b) Supporting Informed Decision-Making, c) Demonstrating Corporate Responsibility, d) Contributing to Long-Term Environmental Well-Being, and e) Aligning with Regulatory Compliance. Therefore, measuring ecological footprints can offer advantages and valuable insights. Businesses need to approach it cautiously and consider the potential limitations and complexities associated with this approach. The present proposed conceptual approach could provide a comprehensive view of a business's resource consumption, waste generation, and greenhouse gas emissions, allowing for a quantifiable assessment of its environmental impact and progress towards sustainability goals.

Keywords: ESG; Green Environment; Business

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