Industrial Ecology: a new platform for enhancing SME social responsiblity
Industrial ecology is an important complement to economics. Whereas conventional economics deals with the flow of money through the economic system, industrial ecology or the « economics of resources » deals with the flow of resources (material, land, energy etc) through the economic system.
Ramesh Ramaswamy, January 2003
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Summary :
Industrial ecology is an indispensable tool of SMEs for enhancing their social responsibility towards: producers (greater consciousness in using biodegradable & recyclable materials, lesser waste, more profits); consumers (better quality products); the environment (lesser toxic wastes); and society at large (more socially responsible enterprises, healthier environment).