Abstract

There are two accounts of the normative foundation of intergenerationel business ethics, agent-variant theories and agent-invariant theories. Each of them faces a specific challenge: agent-variant theories have to deal with the inverse non-identity problem, while agent-invariant theories are vulnerable to the moral crowding-out effect. Both are particularly difficult to deal with within a reductivist approach that conceives of corporations as distinct moral agents whose responsibility cannot be reduced to the responsibility of either individual agents or higher-level institutions. This might be a reason to favour reductivist approaches in intergenerational contexts.