This, the first session, is built around implicit opportunities for sustainability. Videos and activities are based on why sustainable practices are necessary and to challenge participants’ views. The first video entitled “The Journey of Sustainable Business” explains the current environmental situation, the activities that have led to it and what some companies are doing to ensure their operations are sustainable.…
In a profit-driven market, executive decisions are based on capital gain instead of long-term sustainability of the planet. Too many pollutions have killed the sea life in the oceans, the streams, the ground soil, the ozone, and all of these practices have poisoned the planet. Business leaders need to change their philosophy of sustainment through capital gain to sustainment through environmental sustainability and be a socially responsible company to stay competitive in today 's market…
As one of the important things that Debora mentions, sustainable business practices can be used as some guidelines to ensure that every business entity achieves sustainability, while at the same time being able to make their profits. This means that businesses would be able to meet their targets of profits, be able to sustain their workers and make sure that people do not interfere with the main purpose of sustaining the business and the planet. This is in consideration of the fact that people and businesses rely on the resources that are generated by the planet. With every business targeting to make profits, the planet should not get depleted just because of the projections of the business entities, there needs to be a balance among people, the business targets or profits, and the planet’s state of resources.…
Sustainability has become a great topic of interest in many arenas. Particularly, leading organizations are recognizing sustainability needs to be an essential aspect of their long term strategies. With this recognition, better business practices are being sought by investors as well as sustainability is becoming a driving force for better efficiencies and innovation. Two organizations, Wal-Mart and Starbucks, have both took on sustainability as long term initiatives to address their customer needs and affect how their suppliers operate.…
McManus, B. (2009). Vital to Business Survival: Assessing the Impact of Environmental Pressures. GreenBiz, 1-4.…
Sustainability to me in the business world means that an organization operates environmentally responsible and safe. The different methods utilized and products produced must have no harmful effects on the environment due to their existence. It is imperative for all businesses to be sustainable and find ways to incorporate it in order to be able to succeed in today’s business environment. This process has become part of the new and changing culture and different competition method. Yes a green company does impact my choice when I purchase my cleaning products from the local grocery store. I pay the extra money, but at the same time I know I am doing my part by taking care of the environment.…
The first words in the article are “Going green can be profitable”, and this is an important thing to remember. Being socially conscious and environmentally friendly can positively impact the bottom line of an organization. This has mistakenly led some organizations to decide that the most effective way to contribute to society and the earth is to create a focus on how to reduce costs and increase profits environmentally.…
Conducting business in global markets can be very stressful. With regards to environmental factors, the way that business conducted is very important. We now live in a society where…
Business sustainability is a business approach have policies of environmental and human rights which means the business creates long-term shareholder value from no negative influence opportunities and managing risks on global or local society, environment, community and economy [3]. Smukowski [2] claimed that the concept of business sustainability is a prior plan of the long-term viability and optimizing resource needs, reducing environmental, energy or social impacts which will not damage the profitability of business. It can be summary from above that sustainable business means the enterprise consider not only financial factors, but also more comprehensive concern the impact of environmental and resource efficiency.…
Many companies talk about reducing greenhouse gas (GHG) emissions, but too often there’s a large gap between words and action. Most companies seem to be holding off on taking any real steps to reduce their environmental footprint because they believe the investment cost is too high.…
This is an overview of our presentation: first, we will define business sustainability. Then, we will talk about the importance of business sustainability at Indooroopilly, afterwards going over three sustainable business practices in place right now. Subsequently, we will…
The purpose of this report is to (a.) Explain the current economic system and identify conditions that may lead to a more sustainable economy; (b.) Create a vision and strategy for Colourful Corporation to participate and contribute successfully to this new more sustainable economy, and ;(c.) Outline the impacts that this will have on the CEO’s governance of the company.…
Recently, environmental issues have converted into a major concern on a global scope leading to economic instabilities; these issues range from preservation and energy use, to deforestation and water shortage. (Videen, 2011) As a result, a phenomenon that has appeared over 20 years, “Green Movement”, has become a center of the discussion. (Fok, 2012) The term “Green” became popular in the context of describing the environmental conscious company, which is concerned primarily with pursuing business practices that would help to ensure long-term sustainability. The concept of sustainable development has been formalized and stabilized over decades; United Nations defined it as “development which meets the needs of the present without compromising the ability of future generation to meet their own needs”. (UN DESA, 1987) Constant social and political attention to these matters encourages firms to sustain awareness about externalities their operating activities have on the environment, and whether their resource management decisions are viable in the long-run. Social permission theory also challenges to prove the moral foundations for business stakeholders. It implies that a business is not autonomous entity. The behavior of the businesses is legitimized by the social norms of their founder-society; thereby, society has ultimate control over the businesses’ moral obligations and responsibilities. (Hussain, 1999) Therefore, the purpose of this paper is to argue that businesses do have a moral responsibility to the society, which, in fact, forces them to go green. Moreover, in today’s rapidly growing economy, businesses are expected to fully understand that the resources available for future generation are greatly affected by their actions.…
Progressively, world frontrunners are observing environment modification and sustainable growth as worldwide matters that necessitate concentrated universal determinations as well as the UK has a key part to play in convincing other nations to pledge to this cause. It has been observed that the economy of the UK, as well as the businesses, rest on international trade and resources. Nonetheless, aspects such as environment variation and an increasing population of the globe demonstrate that there is an additional burden on energy, natural resources as well as the broader environment (Gupta, 2013). Businesses should make sure they utilise tools to help decrease the ecological influences of their procedures and supply chains, comprising ecological administration structures as well as tools to report greenhouse gas productions. On the other hand, products must be manufactured by considering the environmental factors and thus, they must be eco-friendly. It is also observed that ‘Eco-innovations’ are novel or enhanced innovations, goods or services which lessen the effect on the surroundings along with the usage of natural resources. Thus, the products such as food items should be manufactured as per the environment of the country. Similarly, the production units should likewise protect energy and fuels in order to…
It is also vital for businesses that are trying to become more environmentally friendly - so even if you’re more motivated by saving the planet than making money, there might be a place for you in the world of business.…