Why Sustainability in Business?

 Why Sustainability in Business? 


Sustainability is becoming more important for any enterprise across all industries. Today 90% of the top executives believe the sustainability strategy is necessary to be competitive. Simply put, sustainability is a business approach to creating long-term value by taking into consideration how a given organisation operates in the ecological, social and economic environment. Sustainability is built on the assumption that developing such strategies foster company longevity. 



As the expectations on corporate responsibility increase, and as transparency becomes more prevalent, companies are recognising the need to act on sustainability. Professional communications and good intentions are no longer enough.


Business sustainability is the practice of operating a business without impacting the environment negatively. Some of the global business Enterprices started making strong commitments by adopting few strategies like,  waste management , reduce waste, water management, minimising the Carbon foot print, Greener supply chain, eliminating plastic bags, increase resource productivity and optimise material usage and many more … 

 

Climate change potentially represents a major threat to the well-being of the Human. The Economic growth should be lead by Ecology. Economy can not be at the cost of Ecosystem.  The caring for nature is an essential component of human well-being.

We have started experiencing the Impacts from climate change because of Global warming . These impacts extend well beyond an increase in temperature, affecting ecosystems and communities around the world. Things that we depend upon and value like water, energy, transportation, wildlife, agriculture, ecosystems and human health - are experiencing the effects of a changing climate. 

The Human civilisation produces about 60 giga tons of CO2 emissions of which 50% are absorbed by land and sea. The remaining 50% remains in the atmosphere leading to global warming. 

Management needs to make sure that the strategy of the business enterprise  and sustainability efforts are aligned. First and foremost business needs to address compliance. Build a strategy which is  proactive than reactive. Sustainable business is reaching limits of what it can accomplish in its present form. It is slowing the velocity at which we are approaching a crisis, but we are not changing the course. Instead of tinkering around the edges of the market with new products and services, business must now transform it. That is the focus of the next phase of business sustainability. 

The benefits of the Sustainability in Business

  • Reduce Business Costs
  • Improve Business’ Reputation
  • Provides Competitive Advantage
  • Increases bottom line

Comments

Post a Comment

Popular posts from this blog

Green Hydrogen to steer Indian Economy

Image
  Green Hydrogen to steer Indian Economy Green hydrogen is critical to India’s economic development and net zero ambitions. India is planning a massive expansion of green hydrogen production to control its dependence on energy  imports and to halt the economy off fossil fuels.  The recent floods, earthquakes and erratic rainfall are evidence of the unpredictable damages to human lives, businesses, and private and public properties. India has taken an ardent strategy to move away from dependence on fossil fuels to renewable sources progressively. Economic activities adhering to cleaner sources of energy would have a positive impact on protecting the environment and minimising havoc created by climate changes. India is one of the global leader who paid attention to climate change and has taken ambitious pro-active steps. Green hydrogen is widely expected to play a major role in decarbonising heavy industries, including oil refineries, steel mills and fertiliser plants. Indi...
Read more

Unprecedented Heatwave Shatters Records - Climate Crisis Escalates

Image
  Unprecedented Heatwave Shatters Records - Climate Crisis Escalates We are facing an alarming situation that demands immediate attention. ERA5, the EU-funded Copernicus Climate Change Service (C3S), has issued a dire warning: the world is undergoing an unprecedented climate crisis. The first three weeks of July have shattered all records, emerging as the hottest three-week period in history. But this alarming trend doesn't stop there – the entire month is set to become the hottest July and the hottest month ever recorded.  These extreme temperatures have plunged vast regions into the throes of heatwaves, wreaking havoc across North America, Asia (including China and India), and Europe. Wildfires have ravaged countries like Canada and Greece, causing severe damage to our environment, economies, and the health of millions. For North America, Asia, Africa, and Europe, this summer has turned cruel, and for our planet, it's an unfolding disaster. What's more, this crisis is ...
Read more