How does a firm determine if the goods supplied by its input markets are produced in a sustainable manner? How does a consumer determine if the products he or she buys were produced from such raw materials? A new movement has sought to develop accreditation labeling to provide the needed knowledge.
The Forest Stewardship Council accredits forests that are well managed, and provides labeling for their products down the production chain. The Marine Stewardship Council does the same for fisheries and their products.
Friday, March 04, 2005
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