Sustainability Planning Assessment for Angel Broking
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AI Summary
This report outlines a sustainability policy for Angel Broking, including strategies for low energy use, waste management, and life cycle management. The report also covers implementation, outcomes, and performance indicators, as well as strategies for continuous improvement and monitoring progress.
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Sustainability Planning Assessment Project 5
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TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................2
Scope............................................................................................................................................2
Policy...........................................................................................................................................2
Consult with stakeholders on policy development process.........................................................2
Strategies......................................................................................................................................2
Recommendation for policy........................................................................................................3
Policy...........................................................................................................................................3
Implementation, outcomes and performance indicators..............................................................3
Promote the workplace sustainability policy...............................................................................3
Inform those involved in implementing the policy......................................................................4
Communication............................................................................................................................4
Strategies for continuous improvement.......................................................................................4
Responsibility for recording systems to track continuous improvements...................................5
Feedback to key personnel and stakeholders...............................................................................5
Success or otherwise policy.........................................................................................................5
Monitor........................................................................................................................................5
Modification................................................................................................................................6
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7
INTRODUCTION...........................................................................................................................2
Scope............................................................................................................................................2
Policy...........................................................................................................................................2
Consult with stakeholders on policy development process.........................................................2
Strategies......................................................................................................................................2
Recommendation for policy........................................................................................................3
Policy...........................................................................................................................................3
Implementation, outcomes and performance indicators..............................................................3
Promote the workplace sustainability policy...............................................................................3
Inform those involved in implementing the policy......................................................................4
Communication............................................................................................................................4
Strategies for continuous improvement.......................................................................................4
Responsibility for recording systems to track continuous improvements...................................5
Feedback to key personnel and stakeholders...............................................................................5
Success or otherwise policy.........................................................................................................5
Monitor........................................................................................................................................5
Modification................................................................................................................................6
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7
INTRODUCTION
The present study is based upon the fictional company i.e. Angel broking which provide
mortgage broking facility. Thus, each organizations needs to comply with sustainably aspect and
that is why, the present report will define the sustainability policy in which all the key points
included that help to make the environment free from pollution.
Scope
With the help of present sustainability policy, company wants to making use of low
energy light bulbs and disposal of waste. Along with this, company should also use the resource
that help to improve the environment and minimize the chances of pollution as well.
Policy
Through the secondary sources, it has been identified that almost each organization
comply with effective sustainability policy that helps to improve the environment. The sources
are:
Laws and regulation
Regulatory authorities
Staff who are experts
External specialists
Secondary source
Consult with stakeholders on policy development process
In order to develop a policy, there is a need to consult with stakeholders so that it assist to
generate the better outcome. In this, Madelow stakeholder matrix has been used where key
stakeholders are determined that assists to generate the better outcome (De Matteis and et.al.,
2021). Also, to consult with stakeholder, a formal meeting also introduced where all the
stakeholders are involved in order to generate better outcome. This in turn assist to create a valid
outcome and all the stakeholders also present their views regarding sustainable policy.
Strategies
There are different strategies involved in sustainable policy that helps to meet the
sustainable aim, these are as mentioned below:
The present study is based upon the fictional company i.e. Angel broking which provide
mortgage broking facility. Thus, each organizations needs to comply with sustainably aspect and
that is why, the present report will define the sustainability policy in which all the key points
included that help to make the environment free from pollution.
Scope
With the help of present sustainability policy, company wants to making use of low
energy light bulbs and disposal of waste. Along with this, company should also use the resource
that help to improve the environment and minimize the chances of pollution as well.
Policy
Through the secondary sources, it has been identified that almost each organization
comply with effective sustainability policy that helps to improve the environment. The sources
are:
Laws and regulation
Regulatory authorities
Staff who are experts
External specialists
Secondary source
Consult with stakeholders on policy development process
In order to develop a policy, there is a need to consult with stakeholders so that it assist to
generate the better outcome. In this, Madelow stakeholder matrix has been used where key
stakeholders are determined that assists to generate the better outcome (De Matteis and et.al.,
2021). Also, to consult with stakeholder, a formal meeting also introduced where all the
stakeholders are involved in order to generate better outcome. This in turn assist to create a valid
outcome and all the stakeholders also present their views regarding sustainable policy.
Strategies
There are different strategies involved in sustainable policy that helps to meet the
sustainable aim, these are as mentioned below:
To making use of low energy light bulbs throughout the premises so that it does not cause
consume extra light within a workplace.
Reduce the toxic material because it releases the gas that affect the environment.
Employing life cycle management approach so that effective results determine in order to
improve the performance of employees.
Produce a waste management system that help to dump all wastage in that areas in order
to minimize the negative impact over environment.
Recommendation for policy
It has been identified that the policy related to sustainability is time effective but not cost
effective. That is why, there is a need to make modification within a policy that help to improve
the chances of implementation (Skene, 2021). For that, it is recommended to use the concept of
triple bottom line, the designed policy must comply all the three aspect i.e. people, profit and
planet. Under this, company can develop a sustainability policy by comprising waste
management, use of lights and bulb that do not use high cost of energy.
Policy
In order to show commitment, it is necessary to set up a goal and use KPI for
sustainability at strategic, tactical and team levels. Like, the quoted firm uses benchmarking in
order to determine whether it consume low cost of energy. Thus, sustainability is also present as
a business opportunity and a commitment to sustainability always help to build more innovative
culture in order to look for improvements.
Implementation, outcomes and performance indicators.
Before, implementation of any policy, there is a need to get an agreement and
commitment from management and that is why, all the relevant stakeholders must be involved
where measures and strategies must be discussed. At the end, a policy document should be
signed by stakeholder to show their agreement.
Promote the workplace sustainability policy
Promoting a policy is all about educating the employees and maintain support. Thus, the
benefits involved in it are reduction in cost, increases profitability, raise the brand image and
compliance with environmental regulation (Lin, 2021). In order to promote the benefits to others,
there are different ways which include website, emails, newsletter, sign and billboard etc.
consume extra light within a workplace.
Reduce the toxic material because it releases the gas that affect the environment.
Employing life cycle management approach so that effective results determine in order to
improve the performance of employees.
Produce a waste management system that help to dump all wastage in that areas in order
to minimize the negative impact over environment.
Recommendation for policy
It has been identified that the policy related to sustainability is time effective but not cost
effective. That is why, there is a need to make modification within a policy that help to improve
the chances of implementation (Skene, 2021). For that, it is recommended to use the concept of
triple bottom line, the designed policy must comply all the three aspect i.e. people, profit and
planet. Under this, company can develop a sustainability policy by comprising waste
management, use of lights and bulb that do not use high cost of energy.
Policy
In order to show commitment, it is necessary to set up a goal and use KPI for
sustainability at strategic, tactical and team levels. Like, the quoted firm uses benchmarking in
order to determine whether it consume low cost of energy. Thus, sustainability is also present as
a business opportunity and a commitment to sustainability always help to build more innovative
culture in order to look for improvements.
Implementation, outcomes and performance indicators.
Before, implementation of any policy, there is a need to get an agreement and
commitment from management and that is why, all the relevant stakeholders must be involved
where measures and strategies must be discussed. At the end, a policy document should be
signed by stakeholder to show their agreement.
Promote the workplace sustainability policy
Promoting a policy is all about educating the employees and maintain support. Thus, the
benefits involved in it are reduction in cost, increases profitability, raise the brand image and
compliance with environmental regulation (Lin, 2021). In order to promote the benefits to others,
there are different ways which include website, emails, newsletter, sign and billboard etc.
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Inform those involved in implementing the policy
For implementing policy, staff should have a clear communication that helps to
successfully implement. Such that sustainability policy includes reduction of paper by 50% and
that is why, Angel Broker need to ensure that printer machine and photocopy machine should use
whenever necessary. Use scrap paper for notes and avoid printing out for communicate the news.
Also there is a need to assign the responsibility that help to implement policy and for that
a team must be hire. This in turn assist to generate effective results and make entire organization
sustainable.
Communication
Once the plan implement, there is a need to communicate the ways to all the people and
for that official mail is forwarded to all the members so that they can understand the issue and
determine own roles and responsibilities. Further, it can be stated that through effective
communication channel, individual can understand the sustainability policy for Angel Broking.
Strategies for continuous improvement
The continuous improvement, company uses Plan, do, Check and Act model (PDCA) that
helps to implement the policy. These are: Plan: Here, KPI are set in order to make improvement and also develop action plan to
attain KPI and set a budget (Yusoff and et.al., 2021). Do: Communicate the same to all stakeholder to implement the plan. Check: Monitor the performance to ensure the action plan is followed by comparing KPI
with set standards. Act: Identify the error and adjust the problem accordingly.
Strategies:
Train the staff members to make them aware about the changes in policy
Offer reward to the employees to motivate them
Use feedback to understand the weakness.
For implementing policy, staff should have a clear communication that helps to
successfully implement. Such that sustainability policy includes reduction of paper by 50% and
that is why, Angel Broker need to ensure that printer machine and photocopy machine should use
whenever necessary. Use scrap paper for notes and avoid printing out for communicate the news.
Also there is a need to assign the responsibility that help to implement policy and for that
a team must be hire. This in turn assist to generate effective results and make entire organization
sustainable.
Communication
Once the plan implement, there is a need to communicate the ways to all the people and
for that official mail is forwarded to all the members so that they can understand the issue and
determine own roles and responsibilities. Further, it can be stated that through effective
communication channel, individual can understand the sustainability policy for Angel Broking.
Strategies for continuous improvement
The continuous improvement, company uses Plan, do, Check and Act model (PDCA) that
helps to implement the policy. These are: Plan: Here, KPI are set in order to make improvement and also develop action plan to
attain KPI and set a budget (Yusoff and et.al., 2021). Do: Communicate the same to all stakeholder to implement the plan. Check: Monitor the performance to ensure the action plan is followed by comparing KPI
with set standards. Act: Identify the error and adjust the problem accordingly.
Strategies:
Train the staff members to make them aware about the changes in policy
Offer reward to the employees to motivate them
Use feedback to understand the weakness.
Responsibility for recording systems to track continuous improvements
To track the performance, team is already hired and it will consist of staff who keep
identify the changes and uses effective methods of tracking as well. This includes:
Regular audit
Team meeting to identify the changes required
Complaints, feedback and suggestion forms
Comparing the progress to sustainability targets
Feedback to key personnel and stakeholders
To document the outcomes, there is a need to review the policy and this can be developed
by consulting with key stakeholders. However, taking a feedback regarding the sustainability
policy, there is a need to use different methods like feedback from staff, audit and inspection,
progress and outcomes, changes in procedure ad rewards. This in turn help to identify the views
and communicate the same to key stakeholder to proceed towards a planning for a set and
defined sustainable policies.
Success or otherwise policy.
The success of a policy can be determining by feedback that help to understand the key
issues that need to incorporate (Lăzăroiu and et.al., 2020). To develop a sustainable policy in
effective manner, there is a need to investigate in such areas like feedback collected, reward and
incentive, new procedure etc. Apart from this the success is also ensure by monitoring the areas
for improvement like non-compliance, negative feedback. This help to ascertain the success
criteria of a company.
Monitor
To monitor the record, chosen firm can use below mentioned evidence like:
Regular audit and on the spot checking the documentation
Meeting notes and minutes
complaints, feedback, suggestion forms
Staff incentives and rewards
To track the performance, team is already hired and it will consist of staff who keep
identify the changes and uses effective methods of tracking as well. This includes:
Regular audit
Team meeting to identify the changes required
Complaints, feedback and suggestion forms
Comparing the progress to sustainability targets
Feedback to key personnel and stakeholders
To document the outcomes, there is a need to review the policy and this can be developed
by consulting with key stakeholders. However, taking a feedback regarding the sustainability
policy, there is a need to use different methods like feedback from staff, audit and inspection,
progress and outcomes, changes in procedure ad rewards. This in turn help to identify the views
and communicate the same to key stakeholder to proceed towards a planning for a set and
defined sustainable policies.
Success or otherwise policy.
The success of a policy can be determining by feedback that help to understand the key
issues that need to incorporate (Lăzăroiu and et.al., 2020). To develop a sustainable policy in
effective manner, there is a need to investigate in such areas like feedback collected, reward and
incentive, new procedure etc. Apart from this the success is also ensure by monitoring the areas
for improvement like non-compliance, negative feedback. This help to ascertain the success
criteria of a company.
Monitor
To monitor the record, chosen firm can use below mentioned evidence like:
Regular audit and on the spot checking the documentation
Meeting notes and minutes
complaints, feedback, suggestion forms
Staff incentives and rewards
Modification
By using the feedback, it has been identified that there is a need to reinforce the
requirement through effective communication and training. For better communication, there is a
need to create a communication plan and examine there is a breakdown or not. Also, determine
the requirement that all the staff member understand procedure effectively or not. This in turn
causes effective impact and implement the policy at workplace.
CONCLUSION
By summing up above, it has been concluded that with the help of effective sustainability
plan, company can run its business operation in smooth manner. By complying with all the
above discussed points, Angel Broking is able to minimize the negative impact over
environment.
By using the feedback, it has been identified that there is a need to reinforce the
requirement through effective communication and training. For better communication, there is a
need to create a communication plan and examine there is a breakdown or not. Also, determine
the requirement that all the staff member understand procedure effectively or not. This in turn
causes effective impact and implement the policy at workplace.
CONCLUSION
By summing up above, it has been concluded that with the help of effective sustainability
plan, company can run its business operation in smooth manner. By complying with all the
above discussed points, Angel Broking is able to minimize the negative impact over
environment.
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REFERENCES
Books and Journals
De Matteis, F. and et.al., 2021. Cities' role in environmental sustainability policy: The Italian
experience. Cities. 111. p.102991.
Lăzăroiu, G. and et.al., 2020. Environmentally responsible behavior and sustainability policy
adoption in green public procurement. Sustainability. 12(5). p.2110.
Lin, B.C.A., 2021. Institutional Failure and Sustainability Policy. Journal of Economic
Issues. 55(2). pp.454-460.
Skene, K. R., 2021. Sustainability policy and practice: Is Nature an appropriate
mentor?. Environment, Development and Sustainability, pp.1-19.
Yusoff, M.N.A.M. and et.al., 2021. Sustainability of palm biodiesel in transportation: a review
on biofuel standard, policy and international collaboration between Malaysia and
Colombia. Bioenergy research. 14(1). pp.43-60.
Books and Journals
De Matteis, F. and et.al., 2021. Cities' role in environmental sustainability policy: The Italian
experience. Cities. 111. p.102991.
Lăzăroiu, G. and et.al., 2020. Environmentally responsible behavior and sustainability policy
adoption in green public procurement. Sustainability. 12(5). p.2110.
Lin, B.C.A., 2021. Institutional Failure and Sustainability Policy. Journal of Economic
Issues. 55(2). pp.454-460.
Skene, K. R., 2021. Sustainability policy and practice: Is Nature an appropriate
mentor?. Environment, Development and Sustainability, pp.1-19.
Yusoff, M.N.A.M. and et.al., 2021. Sustainability of palm biodiesel in transportation: a review
on biofuel standard, policy and international collaboration between Malaysia and
Colombia. Bioenergy research. 14(1). pp.43-60.
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