Table of Contents INTRODUCTION...........................................................................................................................1 Critically evaluate key sustainability concerns and the impact of business activities on such concerns.......................................................................................................................................1 Critically evaluate a range of relevant theories like Triple Bottom Line, Corporate Social Responsibility, business ethics and the role of the market..........................................................4 Propose and critically evaluate appropriate sustainable business strategies...............................7 End-Product Responsibility........................................................................................................9 CONCLUSION................................................................................................................................9 REFERENCES..............................................................................................................................11
INTRODUCTION Managing sustainability practices holistically within the firms is challenging and requires a sound and effective management framework that helps to integrates the all associated practices and performance dimensions to act for excellence. In other words, Corporate sustainable management is the core essential form of things which found that the high sustainability companies significantly outperform their counterparts. Sustainability is the core valuable element for the business organization which makes the company more competitive. In present business era it makes the process more reliable. Present study will talk about the implementation of sustainability at an organizational level for this study will briefly outline about theUAE United Arab Emirates.Further in this report, study will outline about the key sustainability concerns and the impact of business activities on these concerns. Also, it will provides a range of theories and models like Triple Bottom Line, Corporate Social Responsibility and business ethics. Critically evaluate key sustainability concerns and the impact of business activities on such concerns. Implementation sustainability is the important duty for the organization strategies and operations which makes the high impact on the overall generation. Top environmental problems and their impact on Global business (Bepari and Mollik, 2016). There are so many issues that has been recently faced by the organization in UAE. Like Pollution, waste disposal, Climate change, drought inadequate access to water etc. so all of these goals and targets. There are given some following goals which clearly makes. Ultimately, it makes the Sustainability Issues Sustainability issues are a subject at the the forefront of the minds which clearly mentioned the high demanding force. When we look at the impacts everyday living has on the environment. Such issues might have hive the negative impact on the overall things which is ineffectively makes the wrong impact on the overall performance.Public Policy & Climate change this is the most significant challenge of current and future generations. There are some issues & Challenges consists in sustainability:- Public Policy & Climate Change :Climate change is the most difficult issue that has been found in the place (Bocken, Rana and Short, 2015). Due to which many of the hospitality firms get affected and facing range of issues. UAE having a dry weather due to which clients not preferably accepting the issues. So overall, it has been concluded that due to sudden changes in 1
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political environment can definitely affect the whole business activities which is not good for the company. Collaborating for sustainability :This is the another issue that might influence the organisation and affect the company functional activities. Such activities and goals heavily impact the business functions at global level. Business needs to speak with one voice with competitors and affected stakeholders to tackle sustainability challenges. Rapidly growing inequality :This is the growing issue facing by the businesses. Growing inequality at levels not seen since the industrial revolution has resulted in increased public scrutiny of (Burchell, Kennedy and Murray, 2015). Such inequality concerns somehow affect the company internal environment such as employee staff. A call for global system change :There has been made changes in daily life or in the societies. So basically, it is must required for the business who effectively facing the high advantageous results. Due to pressurising things change is very much required. The main issue has been occurred in the environment is because the businesses does not able to respond to the call for change and control the role towards a sustainable future. Environmental Concerns Demographic Displacement :Rising sea levels are one of the top environmental factors that threaten business as usual. Apart from this it makes the things more applicable and and make things more effectively concerning. Uncertainty:Uncertaintythatclimatechangebringsaboutisoneofthemost compelling ways the environment affect the systematic change. Uncertainty in within the environment makes range of risky situations (Caiado and et.al., 2017). The type, timing, locations and magnitude of change uncertain the things. So the it has been analysed that how such issues can affect the business and its outcomes. Such influence can be positive or negative for the company organization. Expense :due to heavy expenses company could not able to invest in some other funds which is the another most challenging task for the company. Along with this form of developing the way. Such issues in the economy limit the expansion opportunity for the company which somehow affect the whole organization. Consumer dynamic nature :another issue that has been faced by the company in environmental challenges. Organizations facing issues to creating positive aspect of the business 2
which clearly mentioned and making the goals and objectives accordingly (Davies, 2016). Consumer cultural demands. So this the another environmental challenge for the organization. Business Response to Environmental Concerns In order to cope up with the sustainability issues. UAE organisation can successfully apply some range strategies and tactics. Like as given below: Green Lights :Green light is the way through company can get over from his sustainability issues. In other words, company can also engaged with the green projects to make stakeholders happy and satisfied. Such activities or practices is helpful in reducing emissions of air pollutions and remove so city issues as well. By providing green services or develop green theme it will give a positive impact on the overall system. Green purchasing issues or pressures are those where OECD regions.For example :Masdar City Combines passive and intelligent design to demonstrate how an urban environment can accommodate denser populations more efficiently. The focus of the city has been goes towards the sustainability. The reason is this building consuming or required 40% less water consumption which is lower than other building in Abu Dhabi. The main purpose behind this project is to accelerate the quality of life within the lowestenvironmentalfootprint.ThecityofAbuDhabiisinspiredbythesustainability development. This city also involves in the development of sustainability like it has sustainable community, residential parks, Plazas and neighbourhood amenities etc. Market Research :This is the another opportunity which should be taken by the companiesinordertomaintainedtheproperratioofsustainability(Kolb,Fröhlichand Schmidpeter, 2017). Companies respond to the new changes in which clearly mentioned the new strategies and tactics which makes the system more energetic and targeting. UAE companies search for the new tactics which somehow helps to bring the new management task and also makes the largest popular sites. In order to protect the business from uncertainties.It is essential for the companies to fix the Maintained Ecosystem :Ecosystem is connected with the company organization which certainly connected with the company society as well. Ecosystem technique successfully applies by the organization to make stakeholders happy and on the same side to protect the additional cost of the company organization. Like using organic resources (Yawar and Seuring, 2017). By reducing the greenhouse emissions and increased carbon dioxide. It will be given positive impact on the company performance.In order to maintained the Eco-system another example of 3
sustainability is Blood Batteries(Blood Batteries.2018). The reason this is so important is that many of the people who support the new energy technologies. So the concept behind this initiative is to consume less use of phones as it contains magnetic steels, high speed cutting goals and in alloys used in jet turbines generators. Corporate Social Responsibility (CSR) Corporate Social Responsibilities is a self regulating business model that helps a company be socially accountable towards the society development. Also it requires to understand the objectives and firms to bring new goals and results (Kopnina and Blewitt, 2018). Along with that, such business performance also making good impact on the system to build and implement sustainability at an organization level. To highly engaged with the services and growth of the makes the system more complicated and generating the highest growing task. In present era CSR is the most essential part for the organization which effectively make the good impact on the society. Environment labour practices by treating employees fairly and ethically, companies can demonstrate their social responsibility. This is the process makes the work more challenging work and systematic target performance (Luederitz and et.al., 2017). CSR is also very necessary and important in every aspect like Corporate social responsibility programs are a great way to raise morale in the workplace. For a company to be socially active is the positive sign for every organization. CSR is primarily strategy for the companies who always sustained with the high advanced performance. Critically evaluate a range of relevant theories like Triple Bottom Line, Corporate Social Responsibility, business ethics and the role of the market. The basic purpose of maintaining the sustainability is to protect and save the environment sustainability and global warming. Global warming is the most serious concern threat to human being and environment which is resulted form. Dioxide is the most important anthropogenic green houses gases caused. So In order to reduced the negative impact of chemical gases for that it is required to manage the work task more flexible and reliable. In order to maintained sustainability growth company can adopt some of the strategies and alternative way of solutions towards reducing global warming. Triple Bottom Line TripleBottomlineisthekindofaccountingframeworkwiththreepartssocial environment (Cherrafi and et.al., 2017). This system is eventually develop to measure the study 4
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framework. Which has been adopted the TBL framework to better evaluate their performance in broader perspective to create greater business value. The basic purpose of following model is to focus on the social activities and environmental concerns just to maintained the positive, people and planet. This model mainly feel and make the the things perfectly fine. People People must be considered as the employees the lobar involved in a corporations work and the wider community where a corporations does business. In this task every company supposed to pay fair salary and wages to their employees (Patala and et.al., 2016). Another way to look at people is how much does a company pays fair wages and takes steps to ensure human working conditions at suppliers factories. So basically this model helps company to come back to their position again and gain the attention level of the stakeholders. Planet Planet is the covered business talks which certainly makes the good effective working goals. Planet piece the planet piece of the Triple bottom line indicates that an organizations tries to reduce its ecological footprint(Rau, Goggins and Fahy, 2018). So basically, this step will further helps to reducing waste, investing. Renewable energy. This model effectively helps organization to implement the certain business objectives. Profit Profit is the another element of making business sustainable and growing. Most of the sustainable businesses does not opposed to people or planet. Some business organization also invest the high amount on the sustainability development which is also very fruitful for the organization as well to develop the things into more developing manner. Like Emirates Global Aluminium company who generated their sustainability report towards value commitments, aspirations and achievements in environment. Profit is refers to the company value which they generated from economic value (Evans and et.al., 2017). This profit is essential for the organization from where they have generated from the public. This has been given the positive and make the whole system more generating the whole business results. Corporate Social Responsibility (CSR) Models CSR is the well defined concept which become dominant in business reporting. It is a mandatory policy which has been adopted by the every organisation just to seek the interest of stakeholders or maintained the sustainability growth in future as well (Upward and Jones, 2016). 5
CSR isthe potentialway to maintainedthegood relationwiththe globalcorporations, government. Local society get also influenced by the activities of CSR. In general terms, CSR is the concept whereby companies integrates social and environmental concerns in their business operation also helps to interact the good terms with the stakeholders as well. Such business model effectively work actively and give good impact on the business activities will have an effect not just upon itself but also upon the external environment (Bocken, Rana and Short, 2015). There are three principles of sustainability which should abide by the organizations. Such as given below: Sustainability The word sustainability concern with the effect or step taking in present it will give several options in future. If resources are utilised in the present then they are no longer available for use in the future. Sustainability refers the activity in which the use of regenerated resources are more frequent. Such system maintained the quality of life and also generating the effective working task. Accountability Accountability is the another principle of CSR which refers to the action which might impact the external environment (Morioka and de Carvalho, 2016). In this term company is not just only responsible for the employees or owner. Also they responsible for maintaining the full responsibility of the society as well. Accountability is the best way to measure the appropriate measures of environment also helpful tool to identify the actual performance of the company towards environment sustainability growth. Transparency Transparency is the another principle which has been reflect the external environment and might impact the company external environment growth. Such system basically makes the process unrealistic and following the best way to accomplish the task. Business Ethics and the role of the Market Business ethics towards the sustainability is refers to the process where the organization make sure the performance of itself and also following the effective services and principles towards maintaining the best environment practices (Elia, Gnoni and Tornese, 2017). Like organisation ethics impact a company at three different levels. Three levels are personal, professional and organizational. Business ethics are ethically reliable for both the parties which 6
effectively. There are several practices that company could adopt in order to build the great and form a different formalities. Along with that, some companies annually invest on sustainability of society that makes the company more sustainable and gives the productive outcomes at the end. Also the study concluded about the approach which makes the highest amount of creating target and following the best result and growth. All such CSR activities somehow helps in reducing carbon footprint and make the country environment positive. Organization plays a most important role in environment (Kopnina and Blewitt, 2018). Along with that, it defines the effective decision making that retrieve the goals and objectives accordingly. Business should ensure and have necessary tools that ensure employee are equipped with adequate tools which enables them to behave ethically in the organization. Along with that, company should also understand the things more reliable to manage the system in more generalised manner. Taking acre of employees is the another major business ethics which should be followed by the business organization. Also it would be very productive and effective in case of any discrimination process of making things more generalising. Organisation ethics also includes the care of employees. Such as provide them healthy working environment, workplace safety, attractive perks and employee benefits etc. Propose and critically evaluate appropriate sustainable business strategies. Sustainable business strategy is creating a competitive advantage which keeps business remain in the market. The introduction is the way to promote the business goals more influencing andsustainable(JohnsonandSchaltegger,2016).Suchstrategiesneedsandformulate sustainable construction business strategies which has been creating competitive business edge in the following market growth. Also influencing the business into more reliable. Companies adopt new practices and adopt the sustainability strategies into their business strategy. Organization trying to inclined the sustainability strategies to respond the ethical or sustainability issues. There are several benefits that company could gain in future and and make the good impact on the stakeholders. In order to critique that, sometimes in order to planning the sustainability strategy Focus implementation activity tends to focus upon the control of sustainability which might have impact is risky on company operational activity. So while planning the sustainable strategies there are some more barriers that affect the business activity in negative way (Belal, 2016). In order to get overcome from all such barriers, organization can acquire some more strategies like to better identify the material which present strategic threats and opportunity for the company 7
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could easily identified. Also, should require by the company to fully concentrate on the activities performed by the stakeholders. Strategies for sustainability in Business Awareness :Environment awareness is the most growing way to spread the information on sustainability. Many of the companies reported that sustainability is being the part of the community which helps people to get prosperity in future by saving resources. Such outcomes will definitely gives the positive outcomes like enriching jobs, effective lifestyle, rising learning and travel & transportation and good healthy life (Anbarasan, 2018). So the information regarding sustainability should be aware by the organization in different form. Organisation can also spread awareness of sustainability through organise events and campaign on based on sustainability. Like sustainable shopping basket is one of the idea which has been passed by the organization. Waste One of the easiest way to sustain the Eco-system which is reducing the wastage to make sustainable environment. So in order to that, this is based on the organization to focus on the less wastage thing which majorly brings the high growing matter and fact to reduce the highest possibilities of task. Organization situated in UAE can ensure the low wastage of material and make sure to make environment clean and eco-friendly. Also, company originated in UAE can useFSC woodto maintained the growth of forest rather than using wood which coming from trees. Forest for all Forever is the association which engaged with the activities which is related to the carbon benefits. Every cubic meter of wood used as substitute for other materials displaces an average of 1.1 tons CO. ExampleVelocity Worldis the organisation inn UAE which providing product or services at high quality (Choi and et.al., 2018). Company has been offering environment friendly services to the clients. As according to the report Annually UAE citizens generated 17.2 Kg of e-waste. Also in figures 600,000 tones in 2015 and forecasted amount for 2020 will be 900,000 tonnes (UAE - A Key Contributor In Driving Effective E-waste Management.2018). So the UAE engaged with the service to conserve –waste management by associating with international companies that recycle and refurbish e-waste. The biggest E-waste Recycling Plant is situated in Dubai as Dubai wholesale City which is now become the international leader which supplying end to end environment solutions for IT disposition and e-waste processing and recycling. So the UAE contributing well efforts towards 8
the business growth which also encouraging other countries to develop the new sustainability programs towards the company growth and also following the business task. Another example of DubaiisImdaadwhichistheanotherorganizationthatbasedontheconceptwaste management. Company offers waste management to other industries. It is famous in two specialisation Bio Medical Waste and Special waste (Choi and et.al., 2018). So overall, such strategies can be very useful for the organisation that they can adopt for sustainability. Transportation This is the major concerning part which company operate in which includes vehicle for transportation or the mode of going from one place to another. All the fuel vehicles somehow impact the overall environment and growth and direct impact on the Eco-system. So in order to reducing the formation of such vehicles which is based on green projects.Most essential and growing business task will definitely make the system more effectively done in most relying manner (Choi and et.al., 2018). Environmental awareness is the best way to control the efficient way of approaching in developing task. What is environmental awareness and plan which explore the effective services.Environmental resources are available to promote environmental success. End-Product Responsibility Most of the companies operate some form of transportation whether it is moving finished products from the place of manufacturer to the point of sale or employees. This is the another way through company can maintained the policies of business development task. Company also need to produced products which is ethically stable and impactful for the customers. As part of its business strategyit has stated its intention for that product is recyclable (Anbarasan, 2018). Such kinds of products are more useful and environmental sustainable. CONCLUSION On the basis of above section it has been concluded that how much sustainability implementation is required for the business task. Also it requires, that how it is most challenging for the businesses to handle. So the report explained about the economic, social issues that has beenfacedbytheorganization.Studyalsodiscussedaboutthebusinessresponseto environmental concern. Apart from this it has been clearly defined that it make the things more clearly explained that it helps to develop the possibilities of the environment sustainability. 9
Report also explained about the sustainability strategies that company could be adopt in their business functions. 10
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