Importance of Sustainability Strategy - Report

Added on - 28 May 2020

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Running head: SUSTAINABILITY INDICATORS MONITORING SYSTEMSUSTAINABILITY INDICATORS MONITORING SYSTEMName of the studentName of the UniversityAuthor Note
SUSTAINABILITY INDICATORS MONITORING SYSTEM1Executive Summary:The report has been developed to get an insight of the importance of the sustainabilitystrategy for the future of an organisation and hence the importance of a monitoring system.This report has been designed with consideration of a restaurant (Café Sydney) and themonitoring system for the same. The three dimensions of sustainability have also beenevaluated in the report with appropriate tables to measure its different components. Finally,the paper has been concluded with a deep insight of the environmental dimension, itsindicator, its measurement and the limitations associated with the indicators.
SUSTAINABILITY INDICATORS MONITORING SYSTEM2Table of ContentsIntroduction:................................................................................................................................3Cafe Sydney:...............................................................................................................................6Dunphy Phase:............................................................................................................................7Methodology:..............................................................................................................................8TBL Dimension:.........................................................................................................................8GRI Dimension:........................................................................................................................10Assessment:...............................................................................................................................10Conclusion:...............................................................................................................................12References:................................................................................................................................13
SUSTAINABILITY INDICATORS MONITORING SYSTEM3Introduction:Sustainability of a firm represents the efficacy of an enterprise to maintain itsproductivity and satisfactorily level. The enterprise also holds the responsibility to keep theirstakeholders satisfied. Hence, it is mandatory for an enterprise to keep a monitoring systemfor the same. This paper discusses the development of the sustainability indicators monitoringsystem. The paper has taken references to the works done in developing the monitoringsystems along with their characteristics and efficient indicators described in the same. CafeSydney has been taken as the subject of the paper, and the system has been developed for thesame. The paper focusses on three key dimensions namely environmental, economic andsocio-cultural factors collectively called as TBL (Triple Bottom Line). The paper has beenconcluded with an evaluation of the environmental dimension along with its limitations.A monitoring system for sustainability evaluates the health of all the operating systemand defines the need for development or maintenance of the system (Zhang et al., 2016). Theconsidered subject of the paper is an energy plant, and hence the monitoring system forsustainability of the enterprise should be developed depending on the same. The climatechange, the risk associated with the energy firms and other essential factors are to beconsidered before developing a system for the subject. The monitoring system is developedby taking consideration of environmental, socio-cultural and economic factors as criticaldimensions. Some previous works related to the same have been discussed in the followingsections along with the strength and limitation of the discussed works.Parmenter, (2015) has defined seven key characteristics of the indicators that amonitoring system should possess. The most considerable of them is the method of collectingand processing data, the purpose of collection, types of data collected, the frequency ofcollected data. The book offers an insight explaining of the characteristics and have alsoexplained the influence that these indicators propose on the monitoring system. The authorhas also offered a preferred method for the assessment of the monitoring system in the book.The assessment method suggests that the utility, feasibility, propriety and accuracy should beevaluated to develop a review of the monitoring system. The topics discussed in the bookoffers a clearer understanding of the same because of the descriptive research on the discussedtopics.Röschet al. (2017) in their paper have discussed the whereabouts of the sustainabilityof a German energy system. The paper has also discussed over the indicator system for the
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