Question

Business ethics question

Our natural resources are valuable and important to sustain so that we have continued access to these resources in the future.

Please answer the following:

What is a company’s obligation to contribute to the natural resource’s sustainability?

If so, what does that obligation look like? Is this limited to local resources or globally as well?

Answer 1

What is a company's obligation to contribute to the natural resource's sustainability? If so, what does that obligation look like? Is this limited to local resources or globally as well?

Companies all around the globe use natural resources in their operations to some extent. The scarce resources are getting depleted quickly due to the rigorous use by organizations. Similarly, the carbon emissions due to the operations of companies are creating long term problems for the environment and therefore it is the obligation of companies to contribute to the natural resources sustainability. It is companies obligation to ensure that it takes effective action in order to reduce the overall global warming emissions. Companies around the globe must be aware of the fact that the natural resources are scarce in nature and unsustainable use of these resources will create a wide difference between the demand and availability of these resources. It is is the obligation of organisations to commit themselves towards contribution for a sustainable use of natural resources in order to to keep the environment clean and preserve it.

The obligation of the organisation should not be limited to local resources but should entail sustainability of global resources as well. For small and medium size organisation working in one country only, the concern should be directed at local resources mostly but companies that are multinational should also worry about the Global resources because they make use of the Global resources for creating profits for their stakeholders.