Sustainable development:
Aldo Leopold (1949) once said, “Cease being intimidated by the argument that a right action is impossible because it does not yield maximum profits, or that a wrong action is to be condoned because it pays”. Sustainable development allows us to satisfy our needs the present without compromising future generations’ abilities to satisfy their needs. Sustainable development is made up of three aspects: economic, social and environmental sustainability. Once all three of these aspects are met it will allow for sustainability.
Moral dilemma:
Social and environmental sustainability arise moral dilemmas, specifically social dilemmas. This is due the fact that people may feel that companies do not have social or environmental …show more content…
• Differentiation of sustainability policies may provide a corporations with a competitive advantage
Negative Implications:
• May compromise certain stakeholders in specific decisions.
• Decreasing chances of making profits by making certain opportunities out of reach purely because of the application of sustainable business practices.
• Companies pay tax and still par-take in objectives set out for taxes.
• The use of staff and time to try and ensure that the company’s decision correlates with sustainable business practices.
• Additional costs and resources used in rehabilitation and development programmes.
Solutions:
• The South African government provides tax rebates to companies that act on social responsibilities and moral obligations such as learning programmes or charity drives.
• Coalition for inclusive capitalism, corporations must tend to opportunities that benefit a range of individuals especially the poor.
• Have a specialised unit for planning and researching on business decisions to correlate with sustainable business …show more content…
Their “farming for the future” initiative is targeted a green and less energy intense approach. They are achieving their goals through strict all natural regulations and practices.
The reduction of artificial fertiliser and pesticide has resulted in an improvement in the soil quality, whilst the yield of the crop of the crop has increased. Strict water regulations have seen the water usage decrease by 200 million litres; this is due to efficient equipment and wise water usage. Their carbon emission has also decreased by 40%.
As a result to their greener approach, sales and market share have increased as their sustainable development has given them a competitive advantage to their competitor. They is due to the fact that consumers would are willing to pay a higher price for products if operations are sustainable.
References:
Kretzschmar, L and Prinsloo, F and Prozesky, M and Rossouw, D and Sander, K and Siebrits, J and Woermann, M. (2012). Ethics for accountants and auditors. 3rd edition. Cape Town: Oxford university press Southern Africa.
Leopold, A . (1949). A sand county almanac. New York: Oxford university
Aldo Leopold (1949) once said, “Cease being intimidated by the argument that a right action is impossible because it does not yield maximum profits, or that a wrong action is to be condoned because it pays”. Sustainable development allows us to satisfy our needs the present without compromising future generations’ abilities to satisfy their needs. Sustainable development is made up of three aspects: economic, social and environmental sustainability. Once all three of these aspects are met it will allow for sustainability.
Moral dilemma:
Social and environmental sustainability arise moral dilemmas, specifically social dilemmas. This is due the fact that people may feel that companies do not have social or environmental …show more content…
• Differentiation of sustainability policies may provide a corporations with a competitive advantage
Negative Implications:
• May compromise certain stakeholders in specific decisions.
• Decreasing chances of making profits by making certain opportunities out of reach purely because of the application of sustainable business practices.
• Companies pay tax and still par-take in objectives set out for taxes.
• The use of staff and time to try and ensure that the company’s decision correlates with sustainable business practices.
• Additional costs and resources used in rehabilitation and development programmes.
Solutions:
• The South African government provides tax rebates to companies that act on social responsibilities and moral obligations such as learning programmes or charity drives.
• Coalition for inclusive capitalism, corporations must tend to opportunities that benefit a range of individuals especially the poor.
• Have a specialised unit for planning and researching on business decisions to correlate with sustainable business …show more content…
Their “farming for the future” initiative is targeted a green and less energy intense approach. They are achieving their goals through strict all natural regulations and practices.
The reduction of artificial fertiliser and pesticide has resulted in an improvement in the soil quality, whilst the yield of the crop of the crop has increased. Strict water regulations have seen the water usage decrease by 200 million litres; this is due to efficient equipment and wise water usage. Their carbon emission has also decreased by 40%.
As a result to their greener approach, sales and market share have increased as their sustainable development has given them a competitive advantage to their competitor. They is due to the fact that consumers would are willing to pay a higher price for products if operations are sustainable.
References:
Kretzschmar, L and Prinsloo, F and Prozesky, M and Rossouw, D and Sander, K and Siebrits, J and Woermann, M. (2012). Ethics for accountants and auditors. 3rd edition. Cape Town: Oxford university press Southern Africa.
Leopold, A . (1949). A sand county almanac. New York: Oxford university