Eco-Friendly and Fair 2018
DOI: 10.4324/9781351058353-18
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From sustainable sourcing to sustainable consumption

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“…A report by Oxfam (2019) found that businesses often engage in a practice called 'underground bidding', whereby the cheapest producer is found by taking price quotes from one factory to another to get them to lower their price. This practice is characterised by capitalist structures that emphasise the role of profit maximisation, structures which are inadequate to address social and environmental challenges (Mackey & Sisodia, 2013;Salvetti & Nijhof, 2018;Stubbs & Cocklin, 2008). Shareholder value theory, a concept discussed by Friedman (1962), believes that the sole responsibility of a business is to increase profits.…”
Section: What Explains This Relationship?mentioning
confidence: 99%
“…A report by Oxfam (2019) found that businesses often engage in a practice called 'underground bidding', whereby the cheapest producer is found by taking price quotes from one factory to another to get them to lower their price. This practice is characterised by capitalist structures that emphasise the role of profit maximisation, structures which are inadequate to address social and environmental challenges (Mackey & Sisodia, 2013;Salvetti & Nijhof, 2018;Stubbs & Cocklin, 2008). Shareholder value theory, a concept discussed by Friedman (1962), believes that the sole responsibility of a business is to increase profits.…”
Section: What Explains This Relationship?mentioning
confidence: 99%