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The main weaknesses of a voluntary approach include a lack of accountability and uniformity, as participation is not mandatory, leading to inconsistent compliance among organizations. This can result in free-riders who benefit from the efforts of others without contributing themselves. Additionally, voluntary measures may not be sufficient to achieve significant environmental or social goals, as they often lack the enforcement mechanisms necessary to drive meaningful change. Lastly, they may not provide adequate incentives for companies to prioritize long-term sustainability over short-term profits.

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1w ago

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