Essay doughnut economic framework

Question 1

Give an example of a company using Doughnut Economics.

Answer 1

Patagonia—uses recycled materials, repairs products, and donates to environmental causes.

Question 2

How has Unilever applied sustainability?

Answer 2

By cutting carbon emissions and improving worker conditions.

Question 3

What is doughtnut exonomic framework

Answer 3

Doughnut Economics is based on two main ideas: the social foundation and the ecological ceiling. The inner ring of the doughnut represents basic needs like food, health, and education.

The outer ring represents the limits of our planet, such as pollution and climate change.

The goal is for businesses to operate in the safe space between these two limits, helping people and the environment at the same time.

Question 4

How Businesses Can Help

Answer 4

1. Using Resources Wisely

Companies can move away from wasteful habits by reusing and recycling materials. This reduces pollution and saves natural resources.

2. Helping Nature Recover

Instead of just reducing harm, businesses can take steps to restore the environment. This includes using farming methods that improve soil health and switching to clean energy sources.

3. Fair Pay and Job Opportunities

A fair economy means businesses should pay workers properly, give employees a share in profits, and buy materials from suppliers who treat workers well.

4. Using Technology for Good

Companies can use smart technology to track supply chains, reduce waste, and lower their carbon footprint.

5. Changing How Money Works

Businesses should make sure their financial decisions support long-term environmental and social well-being. This means investing in sustainable projects and prioritizing ethical business practices.

Question 5

Challenges and Solutions

Answer 5

1. Businesses Are Slow to Change

Problem: Many companies focus only on short-term profits and are not willing to change their ways.

Solution: Governments and investors can offer financial rewards to companies that follow sustainable practices.

2. High Costs

Problem: Switching to eco-friendly materials and processes can be expensive.

Solution: Over time, companies can save money by reducing waste and gaining loyal customers who support sustainable businesses.

3. No Clear Rules

Problem: It can be hard to measure how well a company is following Doughnut Economics.

Solution: Creating global rules and reporting systems can help businesses track their progress.

4. Consumer Habits
   Problem: Many people prefer cheap products, even if they are harmful to the environment.

Solution: Businesses should educate consumers and offer affordable eco-friendly alternatives.