Question

In: Finance

Whether economic, social and sustainability are interconnected and whether companies which recognize an interconnection in their...

Whether economic, social and sustainability are interconnected and whether companies which recognize an interconnection in their strategy perform better than companies which do not.

Solutions

Expert Solution

The Sustainable Development of business not only cover the financial growth of company but also answer the problem link to very broad area like stop of environmental degradation , falling natural resources, geopolitical instability and bad effect of weather change.The Sustainable Development is only key point for serving long. Every company should try to achieve the target to be sustainable. The science and practice of sustainable development should be incorporated in the company policy.

The three key pillars of sustainable growth are:

  • Social and Human sustainability: The purpose of human sustainability to achieve the target of better and well qualified human capital in society. The Social sustainability goals to reserve social capital for future use by investing in social related activities. The current goal houses a superior view of relation to culture and business benefits in globalization.
  • Economic Sustainability:The purpose of economic sustainability to keep proper usage of capital. In the normal business term, it refers to the most efficient utilization of all assets and capital to maintain company profitability over time.
  • Environmental sustainability: the purpose of environmental sustainability to improve company profit through the protection of natural resources . Company should initiates actions to improve environment factor with profit maximization,

The combination and interconnection of all above issues is the only key of success in long run.


Related Solutions

How each of the pillars of sustainability(Social sustainability,Economic sustainability,Environmental sustainability) could be realized in (Construction &...
How each of the pillars of sustainability(Social sustainability,Economic sustainability,Environmental sustainability) could be realized in (Construction & Demolition Waste Management) practice?
Business Ethics, Corporate Social Responsibility and Sustainability Business ethics, corporate social responsibility and sustainability are hot...
Business Ethics, Corporate Social Responsibility and Sustainability Business ethics, corporate social responsibility and sustainability are hot topics in engineering management. Having a grasp of these issues is vital for future leaders of engineering industries in the 21st Century. After conducting a comprehensive review of literature in the context of an engineering sector of your choice, find out what ethics, corporate social responsibility and sustainability (or a subset of these topics) means and what approaches is currently use to lead the...
You have analysed the Sustainability/Corporate Social Responsibility (CSR) report of 1 of 4 companies: BlueScope Steel;...
You have analysed the Sustainability/Corporate Social Responsibility (CSR) report of 1 of 4 companies: BlueScope Steel; Commonwealth Bank; NRMA Insurance;or Telstra. Thinking about the disclosure in your company’s report in relation to the SDGs, critically analyse it using one example of social and environmental disclosure. How does/does not your company addressthis goal(s) and broader issues? Give examples
Think of a social problem instead of sustainability and try to design social campaign ideas to...
Think of a social problem instead of sustainability and try to design social campaign ideas to change behaviours. Write these ideas and solutions in details as, problem, solutions and how to do
Which of the following is NOT an accurate description for epithelial cells? a. interconnected c. held...
Which of the following is NOT an accurate description for epithelial cells? a. interconnected c. held together by tight junctions b. symmetrical d. glycoprotein-covered Lipopolysaccharides, flagellin, and double-stranded DNA are microbe-associated molecular patterns recognized by a. tight junctions. c. tumor necrosis factors. b. ribosomes. d. pattern recognition receptors. Which of the following statements is true? a. Type I and type II interferons have the same effect on the body. b. Interferon-alpha promotes phagocytosis. c. Type II interferons increase MHC antigens...
understand sustainability in terms of social, economical, political influences?
understand sustainability in terms of social, economical, political influences?
1. Why is it significant for companies to recognize and address the priorities and needs of...
1. Why is it significant for companies to recognize and address the priorities and needs of different stakeholder groups? 2. Name another company in the Healthcare industry that provides benefits to multiple stakeholders, and briefly explain who those stakeholders are and how they benefit.
1. Sustainability has been defined as the quadruple bottom line which includes consideration of economic, environmental,...
1. Sustainability has been defined as the quadruple bottom line which includes consideration of economic, environmental, intergenerational and social factors. How do these four pillars play out in your former or current industry? 2. When we add global considerations to sustainable development, what new considerations arise? 3. What is the role of leadership in sustainability?
globalization and industry are, essentially, the interconnection and interdependence of international borders which includes free trade,...
globalization and industry are, essentially, the interconnection and interdependence of international borders which includes free trade, immigration, investment, information, and technology. What are some of the consequences?
Marvin R. Ellison regarding sustainability or corporate social responsibility. Explain how he supports a corporate sustainability...
Marvin R. Ellison regarding sustainability or corporate social responsibility. Explain how he supports a corporate sustainability policy in his organization
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT