Sustainability And Its Impact On Society, Environment And Economic Performance

When talking about sustainability numerous people associate it with just protecting the environment. Sustainability is far more than going green, but it is a principle that many companies have adopted and have worked persistently to improve over the last several years. Sustainability is defined as the ability to continue a behavior indeterminately, but it also includes improving human life overall. Sustainable development is broken down into three pillars: economic, social, and environmental (Harich & Bangerter, 2014). Economics is the study of how people use resources, which correlates to the goal of sustainable development by using resources to their full potential (Laszlo, C., & Zhexembayeva, N., 2011, p. 60). Economic sustainable development allows companies to give their customers what they want without overusing mutual resources. Social development combines the social world with the physical realm to provide a good quality of life (Benoit, 2010, p. 7). Social sustainability focuses on the well-being of people and their communities. Environmental development, the most recognizable, includes protecting the environment by reducing pollution, recycling, switching of electronic devices when not in use, etc. All three of these pillars make up what is known as sustainable development. In this paper, I researched a company and their involvement in sustainability and how it applies to the

Sustainability from a strategic business perspective is the potential for the long-term well-being of the natural environment, including all biological entities, as mutually beneficial interactions among nature and individuals, organizations, and business strategies. (O.C Ferrell, Fraedrich, Ferrell, 2015). Business sustainably is often defined as managing the triple bottom line – a process by which companies manage their financial, social and environmental risks, obligations and opportunities. These three impacts are sometimes referred to as profits, people and planet. (Business sustainability definition from financial times lexicon, no date). This essay will discuss the idea of sustainability being an important element within a businesses and its core strategies and the importance of it within different businesses. Secondly, this study will look at how different stakeholders are affected and influenced by sustainability as this could be seen as a catalyst to improving the environment as a whole and. Then this study will look at how businesses not focusing

As we have seen an increase in awareness around sustainability and climate change, with the help of Al Gore’s Inconvenient Truth documentary in 2006, we see organizations moving towards mitigating the effects of climate change in various ways (Al Gore, n.d). As this corporate social responsibility has become more prevalent, organizations are now pushing their green agenda by publishing sustainability reports, doing mass marketing and implementing sustainable business practices to portray the image that they too are working towards protecting the earth’s natural environment all the while focusing on their underlying goal of selling their products and

Sustainability has achieved a more ecological tone in the past few decades in terms of a business model, but it originally derives from the concept that a business is successful due to the interconnected areas of economics, culture and ecology. Sustainability is now becoming a somewhat fad and thus it is understandable that it could be misconstrued by some as a form of “greenwashing”. Greenwashing is the idea that a company markets their “green” or environmentally friendly changes in policy and values, despite no actual concrete changes in these areas, for example some argue that Fiji Water greenwasher in terms of their marketing as an environmentally friendly water company despite their little effort to actually go carbon-neutral. Many companies are seeing the

In the article “Are You Being Green Washed?” Robbins (2008) states the image of “greenwashing” which is that numerous number of companies promote their services and their products as environmentally friendly but in reality it is harmful for the environment. The author illustrates that by giving some example of companies that claim they are eco- friendly such as Palm oil and Rayon. He states the impacts of such claim on the environment and consumers in some ways. However, in order to protect the environment form the negative impacts of globalization and consumerism, government and individual must make a joint effort by enact laws and educate people and companies about the impacts of such problem.

There are several companies that partake in this greenwashing mindset. According to our book “Sustainability: Essentials for Business” on page 329, it gives a list of 10 different companies that were found to be the worst at greenwashing. Some of this companies are very well known such as Kraft’s Post Select Cereals, Tyson Chicken, and even General Motors. Kraft’s Post Select Cereals said that they were using natural ingredients but they actually were using genetically engineered corn. Tyson chicken also claimed they were using natural ingredients but they were using antibiotics in the chicken. General Motors was displaying SUVs in natural

When I was five years old I began school. In Kindergarden we learned basic things like letters, numbers, and how not to be fully engulfed in flames. For some reason, 2004 was the height of anti-fire education in Missouri and before I knew how to tie my shoes I knew that if I ever was ablaze, to cover my face, fall to my knees, and roll back and fourth. This is what my institution placed serious value upon and because I was a student of that institution I also placed serious value upon it. The same idea must be applied to a university's teaching of environmental sustainability. This is discussed in David Orr's "What is Education For?" Through choosing a curriculum a university chooses what it places value onto, by making the environment a priority it showcases to the future generations that environmental wellness is an important responsibility for them to take ownership.

This research paper was written with the purpose of providing some answers as to why sustainability reporting in the United States should be mandated by regulators. The paper briefly describes the GRI standards and guidelines, the benefits of sustainability reporting, some relative advantages limitations in adopting sustainability reporting, as well as provides a few examples of companies that have successfully adopted

In this day and age companies have mastered the technique of misleading customers by fabricating false claims about a green product or service that they swear to provide. This insincere display of information is called ‘Greenwashing’, a spin-off of ‘Whitewashing’. Greenwashing could be said to be a global phenomenon and it’s commonly seen in advertisements, on products packing, websites, emails, speeches, and videos (just to name a few). Greenwashing is a thought out process, a planned and typically well designed campaign. There is a wide range of reasons why companies are eager to partake in greenwashing; divert attention for regulatory change, to persuade critics or consumers, expand the company's

Dmitry Orlov held a conference titled Definancialisation, Deglobalisation, Relocalisation in 2009. His discussion mainly focused on the sustainability of our economy. Sustainability occurs when our way of living is proportionately matched with our economic standing and well-being. The sustainability rate in our country is too low and should be increased by the reserves for the production of items such as oil and fossil fuels. However, he proposed that sustainability did not need to be factored in with the fatality percentage. He strongly believes that citizens should prepare for economic hard times without an abundant amount of money, less imported goods, and the capabilities of providing their own needs. His thoughts could work in theory and could help our economy, currently, if we followed his suggestions.

Sustainability is a topic that has become very important in recent years. Sustainability is defined as, “the ability to continue a defined behavior indefinitely.” ("Finding and Resolving the Root Causes of the Sustainability Problem", 2014)

Sustainability is “development that meets the needs of the present without compromising the ability of future generations” (Report of the World Commission on Environment and Development: Our Common Future 1987). The concept of sustainability comprises of four pillars: environmental; economic; political and social; as can be seen in the image below. Environmental sustainability is the use and management of the environment in a way that it does not deplete our finite resources. Economic sustainability is a long term sustainable economy that supports its community and political sustainability is the collaboration of different bodies of government to achieve a sustainable future. Now social sustainability is hard to define as it encapsulates many different factors; however to be very broad it is to achieve social justice. The real objective for sustainability is that all four pillars work together equally in a precautionary principle;

Sustainability when we try to understand in the context of corporate is recognizing that the corporation’s long

Corporations can adopt triple bottom line approach to business sustainability. The triple bottom line reporting provides a balance of information about the economic, social and environmental performance of organisations. But this approach has its own deficiencies and is not suitable in practice. The best approach to sustainability reporting is the Global Reporting Initiative’s Sustainability Reporting Guidelines. These guidelines are generally accepted as current `best pra ctice`. The sustainability indicators are organised under three categories of economic performance, environmental performance and social performance. Management approach on disclosure is required under each category which covers policies, responsibilities and goals.

In such apprehensive condition, our firm is experiencing a serious issue being an environmental group is emphasizing non biodegradable materials of SafePack. There is an increased emphasis on sustainability of environment. The sustainability of environmental is completely associated with making better decision and performing corrective actions that are favorable in sustaining the nature of world, with particular emphasis on preserving the environment’s capability for the life of humans. Presently, it’s a significant topic, as it’s comprehended by businesses and individuals and has inclusive impact on the environment. The sustainability of environment is intimately associated with effective decision making with major objective