Dynamic Perspectives on Sustainable Business

Dynamic Perspectives on
Sustainable Business

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................2
Sustainability concerns................................................................................................................2
Theoretical perspectives...............................................................................................................4
Sustainable business strategies....................................................................................................6
CONCLUSION................................................................................................................................8
REFERENCES..............................................................................................................................10

INTRODUCTION
Sustainable business is said to an organisation whose activities have minimum negative
impacts together with potential positive effects on local or international environment, economy
and society (Halla and Binder, 2020). It have progressive environmental as well as human rights
policies. Sustainable business perspective considers not only investment returns and profits, also
looks on the ways on which operations of company affect natural resources, environment
addition to future generations. Present essay is prepared to understand dynamic perspectives of
sustainable business. The essay highlights about key sustainability concerns along with the
impacts that business activities have on these. Further, it includes range of suitable theories and
critical evaluation of appropriate sustainable business strategies.
For this, Tesco is taken into consideration which is multinational retailer specialised in
selling general merchandise together with groceries at corner store, supermarket, hyper market
and so many locations. It is UK based entity that is focused towards tackling international
climate change threat, providing protection to ecosystems and advocating sustainable agricultural
activities which safeguards soil health as well as biodiversity. Tesco is large company in retail
industry that was established in 1919 at Hackney, UK. It have around 6800 shops and employee
size of 400,000 colleagues that meets requirements of millions of customers each week at its
official stores and online. In last year, Tesco have achieved group sales of around £56.5 Billion,
£ 2518 Million of statutory operating profit, £2,063 Million retail free cash flow, £1.320 Billion
of Net Income and £63.911 Billion of revenues. The entity shares passion for products, places
addition to people which makes great efforts. Tesco offers right support for developing skills of
its people and provides perfect work life balance with collaborative aspects of working.
Retail industry is all about selling consumer commodities to consumer by using diverse
distribution channels for earning profit. The industry consistently accounts for nearby 5% Gross
Value Added in economy of UK and 14% investments are made by big enterprises. The industry
produces nearby £180 Billion worth of commodities for resale and supports other sectors with £
47 Billion output.
UK is a vast country in which around 67 million people lives. The country belongs to
European continent which comprises England, Scotland, Wales and Northern Ireland. In the
country, best business works to make profits and contributes in development of society and
economy as whole.
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