Social Challenges: Social Innovation through Social Responsibility
In: Periodica polytechnica. Social and management sciences, Volume 21, Issue 1, p. 27
ISSN: 1587-3803
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In: Periodica polytechnica. Social and management sciences, Volume 21, Issue 1, p. 27
ISSN: 1587-3803
In: Metszetek: társadalomtudományi folyóirat = Cross-Sections : social science journal, Volume 11, Issue 1, p. 123-137
ISSN: 2063-6415
The accumulation of capital constitutes an enormous obstacle to the sustainability transition.The role of the capital throughout the whole evolutionary process of civilization is undoubtedly impressive, as it has continuously delivered innovations in our everyday lives. Nevertheless, aswe argue in our study, a dominant part of capital accumulation has not fulfilled this functionin monetary and material terms as well recently; or performs at a low efficiency concerning theecological damage generated. Sustainability calls thus for an investment environment in thenear future that allows for the social benefits of capital accumulation through the expansionof the material services delivered, limiting the accumulation of material stocks, resulting insignificant adverse environmental impacts remarkably in the same time. We will introduceand compare the gains of savings and capital accumulation considering the monetary and thematerial dimensions of our socio-economic system, unveiling the relevance of the capital marketin sustainability transition in this way, beyond green finance.