Sustainability in Business: Importance, Strategies, and Barriers

Sustainability in business

Table of content
INTRODUCTION
MAIN BODY
Key findings
CONCLUSION
REFERENCES
APPENDIX

In organisation, management is mainly concerned with
the sustainability that help them to prioritize
resources allocation and set goals. Sustainability
within private enterprise level ca first be thought of
the primarily in term of the financial sustainability-
which is ability of these private companies to
generate cash flow and profit in order to sustain the
business operation. Sustainable organisations strive
to enhance their net social contribution by managing
environmental and social risk.
INTRODUCTION

Suppliers of the Goldman Sachs include small
and diverse vendor at world wide as it
purchase the goods and services worth around
$265 million from these diverse and small
businesses. As part of company's overall
sustainability program, their vendor diversity
program breaks down the barriers to market
access for diverse and small enterprise to
unlock the commercial opportunities with the
Goldman Sachs.
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Ethical initiatives- They have applied
highest ethical standards to their wok.
Their reputation and future of firm,
rely on their collective commitment to
create value and driving result very
honestly along with integrity.
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Goldman Sachs is an American
multinational financial service
company and investment bank. Its
headquarter is situated in the New
York city. This company was
founded by the Marcus Goldman
and Samuel Sachs. Since respective
firm has began in the 1869 as a
family business, it become leader
within the field of the investing.
Background of chosen business and
importance of the sustainability

According to R Lozano - 2018, Beyond helping the
curb global challenges, the sustainability can
drive success of a business. Nowadays, mostly
investors uses the social, environmental,, and
governance metrics in order to analyze the
organizational sustainable practices (Telford,
2019). Therefore, in relation to the Goldman
Sachs, there are some importance of the
sustainability which are mentioned here,
Importance of the sustainability

 Provide competitive advantage- The sustainability does not detract from
organizational objectives and infusing a company with the purpose that
can help in attract a skilled and motivated workforce that drive the
financial success.
 Reduce cost- Greening a business taken initial investment, but after,
company will save money by prioritizing the sustainability.
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