Question

In: Economics

Discusses four reasons that firms should care about sustainability. Which one of the reasons would the...

Discusses four reasons that firms should care about sustainability. Which one of the reasons would the CEO of Enbridge use to explain why Enbridge cares about Sustainability?

Solutions

Expert Solution

In the present progressively serious scene, an ever-increasing number of organizations understand that being sustainable is in excess of a natural motion—it bodes well.

Reasons

  • Guarantee a bearable future: The most compelling motivation to think about our planet is pretty self-evident: So that we as an animal type can keep on flourishing with it. We have a good and moral commitment to one another, people in the future and different species to support this spot. At the point when we don't act mindfully, we are deciding to compound the issues people in the future will confront. The decisions we make right currently directly affect what's to come—that is a genuine duty.
  • Nature is the best originator: There is not any more rich or proficient planner than nature. In nature, there is no waste. Everything fills something different—a ceaseless pattern of life, passing and resurrection. Nature has been effectively developing, changing and finding better approaches to prevail for ages. What better plan to copy? Zero-squander is a high bar, however, it is the best quality level. What's more, it's certainly feasible. Numerous organizations have just been testing and prevailing in the realm of zero-squander.
  • Consumer demand: Being green not just sets aside cash, it likewise makes new income by drawing in clients who care about an organization's ecological impression.
  • Risk mitigation. With energy costs rising and vulnerability in supply, it is significant that organizations start reconsidering how they get and use inputs,
  • Resource limitations: Regular assets like petroleum products and water are limited. As shortage builds, cost likewise increments. "Eventually the assets with which we rely on will be more costly or we won't have the option to get it. Individuals who care about the climate have for quite some time been changing lights, purchasing nearby, reusing, treating the soil food scraps and purchasing electric vehicles. At the point when a business does the equal, it achieves quite a lot more. Being green not just sets aside cash, it additionally makes new income by pulling in clients who care about an organization's natural impression.

Enbridge cares about sustainability for all the above-mentioned reasons

Over many years, Enbridge has held itself to exclusive requirements of corporate social obligation and that keeps on being the way Enbridge characterize manageability today: leading business in a socially capable and moral way; securing the climate and the wellbeing of individuals; and drawing in, gaining from, regarding and supporting the networks and societies with which we work.

Enbridge responsibility to supportability supports its drawn-out vision: to be the main energy framework organization in North America. To Enbridge, that implies the company is conveying the energy individuals need and want: Enbridge is putting security first, it is ensuring its current circumstance and making the progress with society to a lower-carbon energy future. The group is invigorated and pleased and exhibit certifiable consideration for the effect it has on its networks, the climate and with one another. Enbridge is contributing and joining forces to improve life in its networks.

While Enbridge centre on making long haul an incentive for its investors, Enbridge remember that best by satisfying the duty they have to the entirety of its partners—inside and outside of the organization – to guarantee its procedures, choices and activities consider everybody's inclinations


Related Solutions

Explain at least three reasons why firms would care about allocating support/service department costs and provide...
Explain at least three reasons why firms would care about allocating support/service department costs and provide examples. please provid the answers with apa style referencing
Should firms care about their Scope 3 emissions? Do they care? It is often argued that...
Should firms care about their Scope 3 emissions? Do they care? It is often argued that ESG portfolios perform better during crisis periods. Provide one counter example. In which way is Bitcoin (mining) contributing to climate change?
Which of the following is not one of the reasons commonly suggested explaining why firms provide...
Which of the following is not one of the reasons commonly suggested explaining why firms provide employee benefits instead of simply paying higher cash wages? A. Employers don’t have enough cash to pay higher wages. B. Employer-provided benefits promote employee productivity. C. Percentage loadings for administrative expenses in group insurance premiums are lower than for individual insurance. D. They provide tax savings for both employer and employee.
Why would business ethicists care about the living wage? Why should business professionals care about or...
Why would business ethicists care about the living wage? Why should business professionals care about or support a living wage?
Should we care about the "hidden cities?" What role would it have on international business?
Should we care about the "hidden cities?" What role would it have on international business?
1. Why would the body closely regulate blood calcium levels? Your answer should include four reasons....
1. Why would the body closely regulate blood calcium levels? Your answer should include four reasons. 2.  Explain the role of the hormone calcitonin. Include the following in your response. • What triggers the hormone • The source of the hormone, where does it come from • The specific action(s) of the hormone • When is this hormone most active, what part of the lifecycle and why is this?
Explain the concept of Global Sustainability. Give three (3) reasons why it has emerged as one...
Explain the concept of Global Sustainability. Give three (3) reasons why it has emerged as one of the major business issues facing multinational corporations today. If you were the CEO of Coca Cola, discuss two (2) actions you would take to address the sustainability issues facing your company?
According to some, one of the reasons for controlling the rising cost of care is that...
According to some, one of the reasons for controlling the rising cost of care is that it makes American business less competitive internationally. This will be the topic of this week’s discussion question. First, discuss the notion that the market for labor is competitive, especially in healthcare. What happens when a firm or industry passes high labor costs to consumers? What happens if an industry is strongly unionized? List and discuss the possible adverse effects of rising medical cost on...
What are some reasons for changes in beta and should one should be more concerned with...
What are some reasons for changes in beta and should one should be more concerned with a negative versus positive factor.
1) Which one is not true about overall cost leadership? Select one: 1. Often firms avoid...
1) Which one is not true about overall cost leadership? Select one: 1. Often firms avoid marginal customer accounts. 2. This strategy usually provides substantial entry barriers. 3. Overall cost leadership always implies some limitations on the overall market share achievable. 4. Firms can achieve overall cost leadership by tight cost and overhead control. 2)A firm successfully implementing a differentiation strategy would expect _______ Select one: 1. to charge premium prices 2. customers to perceive the product as standard 3....
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT