NEW APPROACHES IN HRM

32 Figure 1 . Conceptual framework of sustainable development There are many definitions of the green economy concept, formulated based on different aspects or different contexts of economic activity taken into consideration. All of them seek to promote human wellbeing, social equity, resilience, and environmental sustainability. The Danish 92 Group definition recall that the green economy is not a state, but a process of transformation and a constant dynamic progression: „ The green economy does away with the systemic distortions and dysfunctionalities of the current mainstream economy and results in human well-being and equitable access to opportunity for all people while safeguarding environmental and economic integrity in order to remain within the planet’s finite carrying capacity. The economy cannot be green without being equitable. ” (Danish 92 Group, 2012). The green economy approach to economic activities has three different aspects: Ø low carbon Ø resource-efficient Ø socially inclusive approach. Low carbon economy A concept which relates to the very complex area of climate change policy. The low carbon economy is generally regarded as an economy that generates minimum greenhouse gas emissions. Human well-being Ecosystem Economy Resource Efficiency Green Economy Sustainable Consumption and Production Sustainable Development