Environmental Sustainability Importance

Great Essays
Why is sustainability important in the business environment?
‘A process of change in which the exploitation of resources, the direction of investments, the orientation of technological development and institutional change are all in harmony and enhance both current and future potential to meet human needs and aspirations’. (UN WCED, 1987)
Sustainability is an ambiguous topic, however this is divided in three which are:
Environmental sustainability - for environmental sustainability is the ability to preserve over time the three functions of the environment: the role of supplier of resources, waste receptor function and the direct source of utility. Within a territorial system for environmental sustainability is the ability to value the environment
…show more content…
In particular is the ability to generate income and employment for the livelihood of people. Within a territorial system for economic sustainability is the ability to produce and maintain in the territory of the maximum added value by combining the resources effectively in order to enhance the specificity of the products and local services.
Social sustainability - Social sustainability can be defined as the ability to guarantee human welfare conditions (safety, health, education) equally distributed to classes and gender. Within a territorial system for social sustainability is the ability of individuals to act effectively together on the basis of shared conceptions about the project, encouraged by co-operation between the various institutional levels.

The concept of sustainable development is embodied in an ethical and political principle, which implies that economic and social dynamics of modern economies are compatible with the improvement of living conditions and the ability of natural resources to reproduce indefinitely. Sustainability is important for business environment due to the fact that corporations operate in a market affected by social-environment and social economy. Therefore these ambiguity lead business to integrate in order to survive as an enterprise (Galea,
…show more content…
For instance, the perception on the part of the interlocutors of facing a serious dialogue can be tackled since it helps minimize conflicts (or to optimize synergies) with stakeholders, whether they are consumers, local communities or subcontractors.

An additional potential benefit for the company is the possibility to improve the company 's reputation.
Partaking in the social and environmental sustainability is, in fact, an important signal to stakeholders on the reputation of the company and on the social and environmental quality of its products, in a context of asymmetric information in which consumers and citizens know little about product characteristics, the production processes of the company, the raw materials used, the business climate and social impact and the territory.

Recent empirical results show that sustainability paths in businesses generate a transfer of value from shareholders to stakeholders: the productivity of sustainable enterprises (net of all the contributing factors, the economic cycle, the enterprises) characteristics, according to many studies, it is

Related Documents

  • Improved Essays

    “Ethical business practices increase their competitiveness in their respective industries, helping to further substantiate the notion that a culture of ethics is crucial to sustainable excellence” (Forbes.com, 2013). The company should keep its own interests while contributes and give feedback to the stakeholders, and the company would stand out in masses of competitors in this manner. To be an ethical business will bring you more benefits in the long term time frame. This is the only way that builds the good image of the brand so that the company gain more trust and favor from not just only internal stakeholder, but also external…

    • 1369 Words
    • 6 Pages
    Improved Essays
  • Improved Essays

    2.0 SUSTAINABLE SUPPLY CHAIN Sustainable Supply Chain can be define as management of supply chain need to be consider of environmental issues, social, as well as economic impacts. ( Cody Sisco, Blythe Chorn and Peder Michael Pruzan-Jorgensen, 2010). Based on this authors also explained about the encouragement of good governance practices in term of goods and services in the sustainable supply chain. Sustainable supply chain is very crucial point need to be consider in the supply chain management in order to protect environmental, increase of lifestyle, and make the prediction for a long term issues as well. Hence, the sustainable of supply chain can be adapted in the business one of that is through the integrated of supplier.…

    • 1246 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    Business Ethics and Social Responsibility Ethics is a concept of what is right and what is wrong. Ethical principles guide individuals’ behaviors toward moral and immoral activities. In the business world, an emerging concern for most firms is Corporate Social Responsibility. The effect of corporate responsibilities on the company’s public image and reputation is very effective. The company’s actions should safeguard the environment for new generations, as well as working toward sustainable development.…

    • 769 Words
    • 4 Pages
    Improved Essays
  • Superior Essays

    The essence of organisational sustainability is based on the principle of enhancing the social, economic and environmental conditions in which the business operates. Hence the sustainability policy of any business is based on articulating…

    • 1438 Words
    • 6 Pages
    Superior Essays
  • Improved Essays

    Specific HR policies, philosophies that support or bring about change in environmental issues. 5. How to maintain eco-friendly and sustainability in an organisation along with the other objectives of the organization. GRAPHICAL LINKAGE BETWEEN WORKING AND HORIZONTAL LIFE AND ITS IMPACT ON INDIVIDUALS ATTITUDE IN AN ORGANISATION (2)Fig1. ELEMENTS OF GREEN HRM Green HRM is the use of HRM policies to promote the sustainable use of Human as well as Capital resources in an optimised manner in a country like India which is at its developing stage.…

    • 1239 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    According to the article, if the framework that is used for core business is used for social responsibility, then CSR is a source of opportunity, innovation and competitive advantage. A new approach is proposed to develop a relationship between business and society that does not treat corporate success and social welfare as a zero-sum game. The framework which can be used by the companies to identify possible social consequences of action, to discover the opportunities to benefit the society and themselves, to discover CSR initiative to address, and to find the most effective way to do so. Successful corporations need a healthy society and vice versa. The effective integration of CSR can increase the opportunities, efficiency, innovation, heathy environment free from…

    • 1050 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    CSR Analysis Of IKEA

    • 997 Words
    • 4 Pages

    In terms of being socially responsible, JYSK builds a strong relationship between its employees and clients, to ensure their needs are met, and it is essential through communication. The information given by JYSK, emphasizes the importance of integrating environment in the organization, retail stores and the products they sell. As a large corporation, JYSK highlights the influence of sustainability, which consist of society, environment and the economy, which is key in their organization’s CSR. As the company continues to run an organization while being socially responsible, is a challenge. However, JYSK’s goal is to always update their methods and create new developments, by understanding and learning about their surroundings.…

    • 997 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Business ethics refers to an essential and historic aspect of every business organization. It concerns the moral and traditional values that an enterprise follows and promotes to the general public. These include; producing good quality products, providing effective services to customers, supporting social causes such as contributing to environmental and health campaigns etc. In today's globalised world the concept of business ethics becomes all the more important as certain business organizations tend to operate below the permissible quality standards thereby encouraging unethical standards to penetrate among members of the local community within which the business operates. There are several reasons as to why business ethics are important for an organization.…

    • 1516 Words
    • 7 Pages
    Improved Essays
  • Great Essays

    What Is Sustainability?

    • 2448 Words
    • 10 Pages

    Sustainability: Sustainability is defined as ability of the processes as well as systems. Generally the sustainability is coordinates by sustainable development, which would be involved in four co-dependent domains such as economics, ecology, culture and politics. Sustainability in biological terms or systems refers to stay productive as well as diverse. Sustainable development: Sustainable development is the idea that assumes critical path in business and industry of the 21st century. Industry part is in charge of considerable material streams inside human culture and the trade of material and vitality with the nature of environment.…

    • 2448 Words
    • 10 Pages
    Great Essays
  • Superior Essays

    Sustainability report is essential since it helps in revealing the growth of the brand value and the growth of the shareholder. It also aids in the better management and understanding good communicative system. A sustainability report in the accounting helps in the protection of the business reputation (Fries et al…

    • 809 Words
    • 4 Pages
    Superior Essays