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Sustainability and Innovation: A Case Study of Deloitte

   

Added on  2023-06-05

7 Pages1642 Words85 Views
Academic communication business and economics 1
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Academic communication business and economics 2
Defining the issue
Social Sustainability is a Corporate Social Responsibility issue that describes how
various processes and systems, environmentally, socially and economically, are maintained
(Ward 2016, p. 46). It also refers to the commitment of an organization to practice social
sustainability and also how to become good stewards of social landscape and the environment in
which they operate in. this also includes building resilient infrastructure, fostering innovation and
to promote sustainable and inclusive industrialization. Construction of new infrastructures by
exploiting smart technologies potential or reconfiguring the infrastructure already in place
reduces the environmental impact caused by the organization.
Analyzing the issue
Deloitte investing in innovation and infrastructure could be crucial in driving its
development and economic growth agenda. This is due to the fact that, over half of the
population in the world live in cities making renewable energy and mass transport more
important, also the growth of new information and communication technologies and industries.
In order for Deloitte to facilitate sustainable development, there is a need for them to promote a
sustainable industry and to also invest in innovation and scientific research. Also, Deloitte
improves and manages its environmental and social impact by innovating its organization,
strategy and operations.
Sustainability is key to driving technological and organizational innovations which
results in a reduction in input costs (Owen 2018, p. 60). Therefore, Deloitte should put more
emphasis on sustainability towards profitability and also considering environmental and social
responsibility bottom lines. There is a growing sense that taking after environment and society,

Academic communication business and economics 3
the organization initiates greater efficiencies in fostering infrastructure, promoting innovation
which will translate to the purchasing power of the local customers increasing.
Sustainable and inclusive industrial development for Deloitte is their primary source
where they generate income which translates to rapid and sustainable increases in living
standards and also provides solutions to environmentally sound industrialization technologically.
Also, it is recognized that corporations like Deloitte are engines for economic development and
innovation, therefore, there is a need for them to be proactive in balancing this with
environmental protection and also society equity (Mukherjee 2017, p.46). The contribution of the
organization’s sustainable development to sustainability is twofold where it helps the company
focus on areas like environment, infrastructure improvements, economic and social performances
and also provides the government, civil society and the company a goal to look forward to
industrial and economic sustainability.
The sustainable development shows the focus areas of the organization, which in this
case are innovation, industrial and infrastructural areas and also contributes to the societal goals
and vision that the organization should work toward. By doing this, it should help the company
to promote innovation and sustainable industrialization and also build infrastructure that is
resilient which will help them achieve their business goals and objectives and to also benefit the
society in the long run.
Deloitte might face some challenges as the world is being changed by sustainability-
related megatrends. The challenge of demographic shifts, resource scarcity and climate change
might hinder their vision as these challenges redefine public policies, societal expectations,
regulatory frameworks and hence investments outcomes and business environments. These

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