BUSINESS SOCIETY AND ENVIRONMENT

Running Head: BUSINESS SOCIETY AND ENVIRONMENT
BUSINESS SOCIETY AND ENVIRONMENT
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1BUSINESS SOCIETY AND ENVIRONMENT
Introduction
The sustainable development goals are entitled to safeguard the world from further
degradation and apocalypse due to the indiscriminate abuses to nature around the world. In the
recent times it becomes an important issue for the countries to step ahead in order to ensure the
safety and security of the world. In this regard, not only the environmental concerns are taking
into consideration but the social malice in terms of the poverty, peace and prosperity for all are
also incorporated into the global resolutions that the nations across the globe are trying to put
focus on under the guidance of United Nations (Nilsson, Griggs & Visbeck, 2016). As a matter
of fact, the Sustainable Development Goals were come into effect from January 2016 with the
purpose to make a world free from all the social malice and environmental problems (Le Blanc,
2015). The SDG framework is not only encapsulate into the global society building process but
also attached with the national development planning so that in both the macro and micro level
the strategy will get success. Therefore, the partnership of government, private sector and civil
society is required in order to achieve the goals profoundly. In this context, this essay is trying to
identify the role and benefits for each player due to the implementation of SDGs and intends to
evaluate the relevance and pragmatism behind the SDGs.
Role of the corporate organisations
There are some basic benefits that the organisations can get in order to implement
sustainable development goals all over the world. For an instance, Nam (2015) advocated that
corporate security and resilience can be established due to the extensive implementation of the
sustainable development goals. National policy making and interests are contributed a lot in
influencing the business orientation of the global business organisation. In respect to this, it can

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be argued that the business interests of the corporate houses are aligned with the purpose of the
sustainable development goals. The national sustainable framework incorporates the program in
its practice so that if the organisations also intend to get license to operate in a particular country
they can get it easily by assimilating the organisational purpose with the sustainable development
goals. On the other hand, Kolk (2016) articulated that competitive advantage for the business
organisation is also considered to be a major aspect in course of attaching their interests with the
sustainable development goals. It is essential for the big business houses to procure a sustainable
approach for establishing better brand image. Therefore, accompanying with the sustainable
development goals help those to maximise their business exposure internationally because most
of the nations are already initiated the program domestically.
Besides this, according to Baumgartner and Rauter (2017) the sustainable development
goals leads towards opening a great number of business opportunity for all the business
organisations. As per the report of Dyllick and Muff (2016) it can be stated that there are more
than $12 trillion in profit for the corporate business houses by 2030. Globalisation has made the
world open for all and a sense of liberalism transcended from the business world to the social
structure. As a result of that there are scope for huge demand in the labour market for food and
agriculture, health and wellbeing and energy and materials based on sustainable innovations. In
course of the discussion, Barkemeyer et al. (2014) opined that it is important for the
organisations to grab the opportunity as the people are keener to use sustainable products. In
association to this, Adomßent et al. (2014) stated that the estimated growth in sustainable product
demand will cross the barrier of $12 trillion within 2030. Therefore, it will be a smart move for
the private sectors to turn their gaze on producing sustainable products for sustainable future. On
the other hand, Kurucz et al. (2017) focused primarily on the healthcare industry where it was

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found that facilities for the underserved population had become a core trend in the practice of the
healthcare organisation. It has a close resemblance with the sustainable development goals that
manifested equal treatment and privileges for all. Furthermore, the technological advancement
also makes the healthcare service facility easier for people. With the remote patient monitoring
practice the healthcare organisations calculates a profit of more than $300 billion. In this regard,
the role of the healthcare organisations is also stapled with the motive to reduce illness to a great
extent. Therefore, putting emphasis on the sustainable development has been incorporated into
the framework of the organisation. New innovation and technology further make the situation
better for the patients with chronic diseases. As a result of that coping with the government
regulation is identified as a key factor for the development of the healthcare facilities robustly.
Moreover, from the research of Hajer et al. (2015) it can be derived that the assimilation
between private and public sectors makes a hospitable situation for the business organisations to
continue their market orientation profoundly. In other words, it can be stated that the
collaboration between the private and public sector also helps to build a rock-solid sustainable
framework. The public sectors as depended on the government therefore compel to follow the
government policy extensively. As most of the government are trying to introduce the
sustainable development goals so that it also affects the day to day activities of the public sectors
as well. Amidst of this, the private sectors are willing to merge with the public sectors due to a
number of reason. The most important factor is to enter into the foreign market effectively. As a
result of that those private sectors are bound to follow the sustainable programs planned by the
government. Therefore, Baumgartner and Rauter (2017) advocated that strong market incentives
are identified as one of the driving factors that helps the organisation to set more effectiveness in
the process of joint venture between the public and private companies. It is also seemed to be a