Question

Why is sustainability so important to a company's bottom line (financial sheet)

Answer 1

Solution:

Sustainability in business means the prolonged periods of achieving the business excellence and superior financial performance. Sustainability is important for any business because it helps in making the business operations sustainable over a longer period and the business can have steady cash flows and healthy financial performance if their business operations are sustainable. Without sustainability the business will have fluctuating performance and the reliability of the business operations will be low hence attracting a bad reputation in the market which can damage the business in many ways.

Sustainle businesses have their business operations set up in a way that are set to perform for a longer period without much fluctuations in their performance. It takes time to develop a sustainable business and this is why many businesses do not prefer to take this long route and end up failing in their business. Sustainability helps businesses in developing a competitive advantage over its competitors and is a great way of ensuring a superior business performance and leading the market with their business offerings. This is why having a sustainable business approach is crucial for ensuring a sustainable business which can stay put in the market and refrain from failing.

This is why sustainability is crucial because of the benefits that sustainability brings with itself and helps the businesses develop a competitive advantage over its competitors and help in maintaining the status quo of business's competitive advantage for prolonged period. With sustainable business practices the cash lows into the business are regular and hence the financial performance of the business is kept stable and growing over the years of business sustainability. Hence, this is why sustainability is very crucial for the businesses and its financial performance.