Attitudes of business leaders and professional ecologists toward corporate social funding of environmental conservation

A study of South Africa's business leaders and professional ecologists reveals strong support for corporate social funding. However, the average level from after-tax profits considered appropriate for corporate social funding by business leaders (3%) is appreciably lower than the ecologists...

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Main Authors: G. R. Preston, R. F. Fuggle, W. R. Siegfried
Format: Article
Language:English
Published: AOSIS 1990-09-01
Series:South African Journal of Business Management
Online Access:https://sajbm.org/index.php/sajbm/article/view/921
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author G. R. Preston
R. F. Fuggle
W. R. Siegfried
author_facet G. R. Preston
R. F. Fuggle
W. R. Siegfried
author_sort G. R. Preston
collection DOAJ
description A study of South Africa's business leaders and professional ecologists reveals strong support for corporate social funding. However, the average level from after-tax profits considered appropriate for corporate social funding by business leaders (3%) is appreciably lower than the ecologists' average of 14,5%. Both business leaders and professional ecologists believe that environmental conservation deserves greater financial support than it currently receives. Education is rated as the most worthy sphere for corporate social funding by both groups. Whereas ecologists rate job creation and housing as of equal concern to environmental conservation, and health and welfare of lesser concern, business leaders rate them all as of greater worthiness for funding than environmental conservation. Both groups regard rural development as a less important target for funding (although the ecologists place a greater emphasis on this sphere than the business leaders do), and deem the arts and sport to be of low priority. The business leaders' preferences for funding follow their perceptions of the priority issues facing South Africa at present, whereas ecologists believe that such funding should be selective, rather than effectively being a back-up for government responsibilities. The expressed concern for support of population control, acknowledged to be the most serious conservation issue in South Africa at present, is offset by the low level of actual corporate support for this issue. Business leaders, in particular, claim that corporate social funding of environmental conservation is backed by shareholders.
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spelling doaj.art-b2327f48db1b461184698da318ce8bd92022-12-22T02:22:49ZengAOSISSouth African Journal of Business Management2078-55852078-59761990-09-01213798510.4102/sajbm.v21i3.921641Attitudes of business leaders and professional ecologists toward corporate social funding of environmental conservationG. R. Preston0R. F. Fuggle1W. R. Siegfried2Department of Environmental and Geographical Science, University of Cape TownDepartment of Environmental and Geographical Science, University of Cape TownPercy FitzPatrick Institute of African Ornithology, University of Cape TownA study of South Africa's business leaders and professional ecologists reveals strong support for corporate social funding. However, the average level from after-tax profits considered appropriate for corporate social funding by business leaders (3%) is appreciably lower than the ecologists' average of 14,5%. Both business leaders and professional ecologists believe that environmental conservation deserves greater financial support than it currently receives. Education is rated as the most worthy sphere for corporate social funding by both groups. Whereas ecologists rate job creation and housing as of equal concern to environmental conservation, and health and welfare of lesser concern, business leaders rate them all as of greater worthiness for funding than environmental conservation. Both groups regard rural development as a less important target for funding (although the ecologists place a greater emphasis on this sphere than the business leaders do), and deem the arts and sport to be of low priority. The business leaders' preferences for funding follow their perceptions of the priority issues facing South Africa at present, whereas ecologists believe that such funding should be selective, rather than effectively being a back-up for government responsibilities. The expressed concern for support of population control, acknowledged to be the most serious conservation issue in South Africa at present, is offset by the low level of actual corporate support for this issue. Business leaders, in particular, claim that corporate social funding of environmental conservation is backed by shareholders.https://sajbm.org/index.php/sajbm/article/view/921
spellingShingle G. R. Preston
R. F. Fuggle
W. R. Siegfried
Attitudes of business leaders and professional ecologists toward corporate social funding of environmental conservation
South African Journal of Business Management
title Attitudes of business leaders and professional ecologists toward corporate social funding of environmental conservation
title_full Attitudes of business leaders and professional ecologists toward corporate social funding of environmental conservation
title_fullStr Attitudes of business leaders and professional ecologists toward corporate social funding of environmental conservation
title_full_unstemmed Attitudes of business leaders and professional ecologists toward corporate social funding of environmental conservation
title_short Attitudes of business leaders and professional ecologists toward corporate social funding of environmental conservation
title_sort attitudes of business leaders and professional ecologists toward corporate social funding of environmental conservation
url https://sajbm.org/index.php/sajbm/article/view/921
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