Question

In: Accounting

Describe sustainability and sustainable business practices.

Describe sustainability and sustainable business practices.

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Expert Solution

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Sustainability: The concept can be simply explained as trying to meet the needs of present generation without jeopardizing the needs of future generation. It means every practice has to be ethical and environment friendly.

Sustainable business practices: These are followed by the business organisations to reduce the environmental footprint and produce eco-friendly products.

The most common sustainable practices are:

- Conserve water. Consider water as a precious resource though easily available.

- Preventing pollution majorly water and air pollution.

- Reducing the amount of waste produced by companies or adopting eco-friendly waste management practices.

-Adopting solar energy and to clean energy.

-Using sustainable ingredients and follow organic farming processes.

-Planting more and more number of trees. Sow seeds for the future.


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