In: Accounting
Provide an example of how a company may change its processes to make its manufacturing more efficient or environmentally sustainable. How will the company benefit?
In a society people live within the umbrella of a natural environment, thus a safe and protective environment must be provided. The company should change the manufacturing process and adapt to environmentally sustainable environment for safety and overall health of personnel.
For example: Samsung company gives a high priority on the protection of the environment from the moment it starts planning of it's product until the final disposal of the product. It actively participates in efforts to focus on a circular economy. The company utmost priority is finding new ways of innovation and going beyond the conventional approach of usage of resources once and discarding them, its puts efforts to ensure that resources can be effectively reused by recycling, recovering, and reusing after the lifespan of the company's product. It targets on reducing the consumption amount of natural resources required in the process of production, thus resulting to a reduction in the pollutants and greenhouse gas from the incineration of waste, and causing a prevention to the underground water and soil contamination due to the landfills
When the company put efforts in adapting to safe environment, in the long run it would help them to benefit and succeed. A strong commitment to protect natural environmental helps in the continuous innovation to decrease the damage to environment; thus contributes in promotion to the economic growth. It will be very beneficial for the society and results to create a good image of the company for the consumers