Ethics and Sustainability: Theory and Practice

Ethics and Sustainability
Theory and Practice

TABLE OF CONTENTS
Introduction......................................................................................................................................3
Role of business in general in relation to sustainability challenges................................................3
Critical evaluation of the contribution of sustainable business practices in general in relation to
specified variants.............................................................................................................................4
Climate change........................................................................................................................4
Social justice............................................................................................................................5
Economic prosperity................................................................................................................5
Critical evaluation of the management of triple bottom line sustainability of Coca Cola relating
to management of sustainable business practices............................................................................6
Corporate social responsibility and Coca Cola (Kenya)..................................................................8
Application of Business ethics and Coca Cola (Kenya)..................................................................9
Conclusion.....................................................................................................................................10
References......................................................................................................................................12

Introduction
Sustainable development can be stated as a global agenda of each organization because corporate
sustainability has been a buzzword for small as well as big companies (Valente, 2015). One of
the significant pillars of corporate sustainability is the environment pillar. Other two pillars
which are significantly assessed for sustainable business are an economic and social pillar.
Usually, most of the business considers that the economic pillar is one of the grounds relating to
sustainability at which they are strong. Present report emphasizes on the role of business in
relation to sustainable business practices in general relation to climate change, social justice and
economic prosperity. Further, critical evaluation relating to the management of triple bottom line
sustainability, corporate social responsibility and business ethics of Coca Cola Company has
been discussed in detail manner. Eventually, the main points of the whole discussion have been
provided in the form of summary in conclusion.
Role of business in general in relation to sustainability
challenges
In business, the role of sustainability is moving immensely from corporate sidelines to majority.
In the business various future uncertainties such as looming regulation on carbon emissions,
energy costs, distress regarding the access to raw material and accessibility of natural resources
like water does exist. Globally, the real aspect which is clear to all the companies is
environmental sustainability which is the major point of consideration (Spaargaren, Weenink,
and Lamers, 2016).
Business has a vital role in performing and coming up with solutions for sustainability
challenges. However, it doesn’t mean the actions that were taken in the business are on their
own. The solution can’t be approached by single effort; however, that is based on the integrated
fashion which means mutually with civil society or governments. By the joint efforts, the
appropriate solutions that are needed in the world can find out (Ogwoka, Namada, and Sikalieh,
2017.).

There are various challenges where without any doubt the business should seek global solutions.
The issue of climate change comes across; it will not consider regarding the national borders. It
not important, that is the USA in which CO2 is produced, or Europe or Australia. However, such
releases cannot be handled by global atmospheres (Higgins, and Coffey, 2016).
Thus for getting the solutions at some point worldwide agreement and worldwide solutions are
required due to which global business is required for implementing the solutions. Moreover, for
implementing the solutions at the national level, the solution must be inserted by the legislation.
Global conversation and organization such as World Business Council for Sustainable
Development are required to carry out the business successfully in this competitive world, apart
from this national discussions, and national legislation is also important to execute them (Jerono,
and Kimutai, 2018.).
As there is a forward-thinking influencer of industry, there is a pro-change. It is important to
make the transformative change for society. As the change will be implemented business sectors,
models and companies will sometimes observe opportunity and sometimes will observe risks in
such changes. Presently in the era of the industrial revolution, the problem of sustainability is
extremely rooted. It has been experienced from centuries the for full filling the needs firms and
companies take benefits from natural resources such as raw material and energy. Pre-modern
growth at the earlier phase was mostly controlled by ecological factors (França el at. 2017).
Critical evaluation of the contribution of sustainable
business practices in general in relation to specified
variants
Climate change
The fact cannot be denied that a green economy results in improved human well – being as well
as social equity. It significantly reduces risk relating to the environment and ecological scarcities.
In order to attain the same the main challenge which is to be faced by each business is climate
change. Through the application of sustainable financial investment, a transition to a green
economy is possible, and the same will assist in facing the challenges relating to climate change.
Compliance with international climate finance mechanism which comprises the Clean