The precautionary principle: A framework for sustainable business decision-making

Abstract

The Precautionary Principle calls for preventive actions when an activity is believed to threaten human health or the environment, even if there is no scientifically established evidence. In a recent conference at the Wingspread Center in Racine, Wisconsin, a cross-section of environmental leaders met to establish a concensus statement on this principle and steps corporate strategies can take for implementing the principle on a company-wide basis.