The stakeholder model for environmentally sustainable business has failed because we don't have an accounting system to measure the present costs of environmental irresponsibility.

Question

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The stakeholder model for environmentally sustainable business has not failed solely due to the lack of an accounting system to measure present costs of environmental irresponsibility. While challenges in measuring and accounting for these costs exist, the model also considers long-term impacts and encourages businesses to take a broader view of their responsibilities to the environment, communities, and future generations. Additionally, advancements in sustainability accounting and reporting are helping to address these measurement challenges.

The Stakeholder Model for Environmentally Sustainable Business Has Failed Because