Question

Are businesses pressured to adopt measures of social and environmental sustainability by society or forced regulators

Answer 1

Social sustainability refers to managing and identifying thee positives as well as negatives of business impacts. The business risk can be minimized to a large extent by implementing social responsibility. The company provide job security, safer working conditions and create more secure supply chain as the part of social responsibility. It is the basic obligation that a firm have towards the society for its well being.

Environmental sustainability is the basic responsibility off business towards environment. A business should maintain development without exploiting natural resources. Business should take all the necessary steps to reduce the air , water and land pollution that occurs due to its operations.

The firms are pressured to adopt environmental sustainability measures and social sustainability measures by forced regulators. Various government authorities ensures the proper implementation of social and environmental responsibility in business. Government have an important role in ensuring the performance of the firms according to the social norms. The government implement various rules and regulation to ensure the environmental responsibility in the business. The firms are compelled to provide timely reports to global reporting initiative based on the human rights and equality standards which comes under social responsibility. The global guiding principle requires business to accomplish specified standards on safety of labors, environmental protection, company efforts to ensure safety of health etc. Government also establishes a code of conduct for every organizations. Government sponsored guidelines are also implemented for the same purpose. The government set standards with th helps of policy frameworks with the aim off encouraging the firms to improve their performance. Government promotes social responsibility at national, local and state levels. There are other regulatory bodies which ensure environmental and social responsibilities of the firm. Thus in nut shell , firms are pressured to adopt the environmental and social responsibility by forced regulators.