Corporate Sustainability


Chrisnoblet3

Uploaded on Mar 10, 2023

Category Business

PPT on Corporate Sustainability

Category Business

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Corporate Sustainability

Corporate Sustainability INTRODUCTION Sustainability is one of the most pressing issues in the world at the moment. As we’re facing a climate catastrophe, many of us are seeking out ways we can reduce our impact on the environment. Source: www.futurelearn.com DEFINITION We can define corporate sustainability as the strategy whereby a business delivers its goods and services in a manner that is both environmentally sustainable and supports its economic growth. Source: www.futurelearn.com PRIORITY Corporate sustainability prioritises long-term growth through sustainable methods as opposed to focussing on short-term financial gains. Source: www.futurelearn.com IMPLEMENTATION By implementing a corporate sustainability strategy, your business should be committing to using natural resources responsibly, investing for the long-term wellbeing of the planet and ensuring that all people involved in your business process are treated fairly. Source: www.futurelearn.com CONCEPT OF SUSTAINABLE DEVELOPMENT This idea was born from the concept of sustainable development, which is growth and development that meets the current needs of today without compromising any natural resources that future generations depend on. Source: www.futurelearn.com WHAT IS SUSTAINABILITY? There are a number of different definitions of sustainability, but looking at the word etymologically, to ‘sustain’ means to keep something going or provide support. In this way, we can view sustainability as an approach to sustaining life and supporting the planet. Source: www.futurelearn.com WHY IS SUSTAINABILITY IMPORTANT? Sustainability is important because we live on a planet of finite resources, but often we treat it like our resources are infinite. Source: www.futurelearn.com VALUE IN INDIVIDUAL CHANGE Although governments and corporations should take a great deal of the responsibility for implementing sustainable changes and solutions, it’s important to see the value in individual change. Source: www.futurelearn.com The Environmental Pillar The environmental pillar often gets the most attention. Many companies are focused on reducing their carbon footprints, packaging waste, water usage, and other damage to the environment. Besides helping the planet, these practices can have a positive financial impact. Source: www.investopedia.com The Social Pillar The social pillar ties to the concept of social license. A sustainable business should have the support and approval of its employees, stakeholders, and the community it operates in. Source: www.investopedia.com The Economic Pillar The economic pillar of sustainability is where most businesses feel they are on firmer ground. To be sustainable, a business must be profitable. That said, profit cannot trump the other two pillars. Source: www.investopedia.com