ABSTRACT

Future generations have a stake in the present functioning of business and society. The imperative of responsibility suggests that organizations, communities and people have a non-reciprocal duty to care for future generations. Businesses should contribute to the conservation and restoration of nature, to the preservation of the culture of societies and to the development of new technologies in order to respect the interest of future generations. Caring for future generations need not only be done out of altruistic concern. Maintaining and developing ecological, social, cultural and intellectual capital creates strength in business organizations. Businesses that seek to sustain themselves in the long-term cannot avoid considering future generations as important stakeholders whose interests should be defined and served.