Sustainable Business Management: Incrementing Resilience to Climate Change Impacts
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This report discusses sustainable business management and how to increment resilience to climate change impacts. It also addresses present and future risks and opportunities for Bedfordshire businesses, and reports on practical issues and solutions for the business case provided. Subject: BSS017-2 Sustainable Business Management
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BSS017-2 Sustainable Business Management
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Table of Contents INTRODUCTION...........................................................................................................................1 MAIN BODY...................................................................................................................................1 Increment of the resilience of their business to local climate change impacts.......................1 Address present and future, risks and opportunities for Bedfordshire businesses.................2 Report on at least four practical issues and solutions for the business case provided............5 CONCLUSION................................................................................................................................6 References:.......................................................................................................................................7
INTRODUCTION Sustainable business management can be defined as the corporate sustainability which is a management and administration of environmental and social along with the financial aspects of the business in order to ensure the responsible and ethical process of coordinating such concerns in an organizations(Nosratabadi, Mosavi, Shamshirband and Chau, 2019). Organization chosen here is the Adnams Southwold, which is one of theBrewery Adnams established in 1890 and headquartered in United Kingdom. They deals with the products and services such as cask ale and pasteurised bottled beers and also the production of gin, vodka and whisky. The following discussion is made on the increment of the resilience of their business to local climate change impacts and addressing present and future, risks and opportunities for Bedfordshire businesses. Moreover, how sustainability poses at least two areas of threats and opportunities to the case study business and reporting on at least four practical issues and solutions for the business case provided. MAIN BODY Increment of the resilience of their business to local climate change impacts Climate resilience of the business can be achieved through three independent outcomes such as: Resilient people and livelihoods is one of the independent outcome through which climate resilience of the business can be achievedwhich means that the individuals and society has the power to recover quickly from any disaster regarding any Adnams issue. So local climate change in the organization can have a least impact on such society who are resilient in nature. Resilient Businesses and Economies is an another independent outcome through which climate resilience of the business can be achievedwhich means that the competitors of the business should have the resilient nature so that any disaster occurs, easy recovery can be possible from the end of other businesses and economy related to the associated business. Resilient Environmental Systems is also one of the independent outcome through which climate resilience of the business can be achievedwhich means that the environment which is affecting the business must have the fast recovery feature so that any disaster cannot hamper the business working environment and culture as well(Bilan, Pimonenko and Starchenko, 2020). Steps to build climate resilience of the business such as : 1
Awareness-raising and advocacy is the first stage to build climate resilience of the business which states that it is important for the organization to increase the awareness of the sustainable nature of the business so that so that stakeholders of the firm can easily be resilient towards the local climate change of the Adnams. Climate risk assessments is the second stage to build climate resilience of the business which states that it is essential for the business to conduct the proper assessments related to the climate risk for better increment of the resilience of the organization. Implement appropriate actions is the third stage to build climate resilience of the business which states that after analysing the assessments of climate risk, it is necessary to take the corrective actions for the same in order to mitigate it safely. Mobilize resources is the fourth stage to build climate resilience of the business which states that it is significant for the organization to introduce the mobile and flexible resources regarding climate sustainability for better reach of the solutions. Monitor and track progress is the fifth stage to build climate resilience of the business which states that it is crucial to track the progression so that the monitoring can be done appropriately in a successful manner for better increment of the resilience of their business to local climate change impacts.Share knowledge is the sixth stage to build climate resilience of the business which states that it is imperative for the firm to create awareness for the same among all their internal ad external stakeholders of the Adnams in order to generate reports on sustainability to climate change(Kopnina and Blewitt, 2018). Address present and future, risks and opportunities for Bedfordshire businesses Social Infrastructure for an Aging Society and Declining Population Risks The risk associatedwith thisstatementof sustainabilityare such that the people will reduce their visits to the store due to the delayed demanded changes of ageing population which can decline the number of customers as well due to the declining in population. Social infrastructure is therefore a risk for sustainability. Opportunities Theopportunitywiththisstatementofsustainabilityaresuchthatthe Adnams must initiate and introduce the products and services for the ageing society also so that there could not be any decline in the number of sakes and customers. Social infrastructure is hence an also be the opportunity for sustainability. Solutions 2
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ThesolutionsforthesamearesuchthattheAdnamsmustformulatethe policy of corporate actions guidelines with CSR management committee and public services along with the planning and strategies(Geissdoerfer, Vladimirova and Evans, 2018). Safety and Reliability through Products and Stores Risks The risk with thisstatementof sustainabilityare such that theimpacton operations management because of the natural disaster along with the reduction in customers due to the privacy related incidents which is followed by the economic loss and information systems stoppages. Opportunities The opportunity with this statement of sustainability are such that there can be the sales opportunities for providing products and services as per the needs and requirements of the customers and current trend going on. Also by applying the CRM strategies for better integration of customers information. Solutions The solutions associated with it are such that the Adnams must implement the quality policy and information security policy along with the privacy standards and socialvaluecreationsubcommitteewhichisfollowedbythehealthoriented products and release of food product traceability information(Lozano, 2018). Non-Wasteful Usage of Products, Ingredients and Energy Risks The risk with this statement of sustainability are such that physical damage to stores and distribution networks to climate change. Increment in cost and difficulty in raw materials procurement. Societal criticism and increment of waste. Opportunities The opportunity with thisstatementof sustainabilityare such that energy conservationandrevisedenergymix.Promotionofenvironmentalprotection activities and ethical consumption along with the recycling and reduced waste as well. Solutions 3
Thesolutionsassociatedwithitaresuchthattheimplementationof fundamentalpoliciesrelatingtosustainableprocurementandCSRmanagement along with the energy efficient facilities and store resource recovery. Supporting the Active Role of Women, Youth and Seniors across the Group and in Society Risks The risk with this statement of sustainability are such that it leads to the personnelshortagesandincreasedcostofhiringbecauseofthereductionin workingpopulation.Moreover,incrementofdifficultyinsecuritythepersonnel which damages the mental health and harassment incidents Opportunities The opportunity with this statement of sustainability are such that increasing ofcompetitiveadvantagesanddiversitymanagementalongwiththeworklife balance and employee motivation. Moreover, labour productivity and reduced cost. Solutions The solution associated with it are such that the implementation of corporate ethics and culture committee and diversity promotion project along with the career education for students and corporate action guidelines(Moratis, Melissen and Idowu, 2018). Building an Ethical Society and Improving Resource Sustainability Together with Customers and Business Partners Risks The risk with this statement of sustainability are such that there is a problem insupplychainanddamagetosocialreputationalongwiththedifficultyin procuring raw materials and other natural resources. Opportunities Theopportunitywiththisstatementofsustainabilityaresuchthatstable procurement of high quality products and expanded sales opportunities along with the ethical consumption and sustainable raw material procurement. Solutions 4
The solution associated with it are such that implementation of policy on sustainable procurement and business partner questionnaires along with the CSR audits and partner action guidelines(Aagaard, 2019). Report on at least four practical issues and solutions for the business case provided Environmental Issue Environmental issues for the Adnams includes the pollution and waste disposal along with the water quality and water supply issues which is followed by the climate change and waste production and also the population growth. Moreover, ocean acidification and ozone layer depletion. Solution The environmental factors solutions includes that in which the companies reduces the carbon footprint and the waste which is created in the manufacturing process. Adnams is responsible to reduce the environmental impact on the organization. Social Issue Social issues for the Adnams includes the discrimination in the employment practices and labour unions along with the support of political aspirants and support of charitable causes which is followed by the support of educational institutions and marketing of products considered anti- social and also the export of products and policies regarding modernization(Dentchev, Rauter, Jóhannsdóttir and Jonker, 2018). Solution The social factors solutions includes the retention of employees and working towards the society. Adnams has created and developed many actions which will be helpful in developing the Adnams image. Economic Issue Economic factors for the Adnams includes the consumer confidence and economic growth and development along with the inflation and interest rates which is followedby the unemployment. Solution 5
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The economic factors solutions includes the decision which are taken in a most equitable and economical manner which will be helpful for the Adnams and also in the production of the beers. Waste hierarchy Issue Waste factors for the Adnams includes the air pollution and climate change along with the soil and water contamination which is followed by the harmful chemicals into the soil and toxic substances. Solution Adnams has developed the rain water harvesting which will be used in variety of ways in the business. The owner of the Adnams have identified that by saving the water which will be on the basis of efficiency ratios per product as this will be helpful to them in the growth and less cost. It is difficult for the Adnams to do the harvesting and use it in the activities of the business (Lahti, Wincent and Parida, 2018). CONCLUSION It is concluded that sustainable business management is an important concept to learn and study so that its applications can be applied in the real world organizations. This is because it can directly or indirectly impact the environment which can affect the business functioning. So therefore, it is important to analyse the increment of the resilience of their business to local climate change impacts and it is necessary to determine thepresent and future, risks and opportunities for Bedfordshire businesses. It is essential to examine that how sustainability poses at least two areas of threats and opportunities to the case study business and it is significant to gain the knowledge about at least four practical issues and solutions for the business case provided. Hence, this report covers all such areas in order to better understand the conception of sustainable business management. 6
References: Books and Journals Aagaard, A., 2019.Sustainable Business Models. Palgrave Macmillan. Bilan, Y.V., Pimonenko, T.V. and Starchenko, L.V., 2020. Sustainable business models for innovation and success: bibliometric analysis. Dentchev, N., Rauter, R., Jóhannsdóttir, L. and Jonker, J., 2018. Embracing the variety of sustainablebusinessmodels:Aprolificfieldofresearchandafutureresearch agenda.Journal of cleaner production,194, pp.695-703. Geissdoerfer, M., Vladimirova, D. and Evans, S., 2018. Sustainable business model innovation: A review.Journal of cleaner production,198, pp.401-416. Kopnina, H. and Blewitt, J., 2018.Sustainable business: Key issues. Routledge. Lahti, T., Wincent, J. and Parida, V., 2018. A definition and theoretical review of the circular economy, value creation, and sustainable business models: where are we now and where should research move in the future?.Sustainability.10(8). p.2799. Lozano, R., 2018. Sustainable business models: Providing a more holistic perspective.Business Strategy and the Environment.27(8). pp.1159-1166. Moratis, L., Melissen, F. and Idowu, S.O., 2018. Sustainable Business Models.Principles, Promise, and Practice. Cham, Switzerland: Springer. Nosratabadi, S., Mosavi, A., Shamshirband, S. and Chau, K.W., 2019. Sustainable business models: A review.Sustainability.11(6). p.1663. 7