SUSTAINABLE DEVELOPMENT2 Introduction The intent of this paper is to present the sustainable strategies and the drivers adopted by four different organizations that areWesfarmers, Procter & Gamble, StarHub, and Marks & Spencer for the development of business, society, and environment. The gathered information is being presented in a table with proper reference. After this, the paper is discussing in detail about the sustainable practice of one organization from the presented list of four organizations. EventDriversReference for Research Wesfarmers Shortage of water Climate Change Resilience Gouldson, A. (2016).The Governance of Corporate Responses to Climate Change: An International Comparison. Retrieved from https://onlinelibrary.wiley.com/doi/full/10.1002/bse.192 5 Carbon emission Involving with Paris Agreement United Nations Climate Change. (2019).The Paris Agreement. Retrieved fromhttps://unfccc.int/process- and-meetings/the-paris-agreement/d2hhdC1pcy
SUSTAINABLE DEVELOPMENT3 Increasing Racism Having a diversified workforce including indigenous people Dal, A., Gebremedhin, T., & Sayem, M. (2013). A Case Study of Affirmative Action Australian-style for Indigenous People.Australian Journal of Labour Economics, 16(2), 277-294. Procter & Gamble Finite Resources 100% of the company’s products reusable or recyclable (Mahoney, 2019) Mahoney, S. (2019).To Reduce Plastic Use, Olay Tests Innovative Refill Pods. Retrieved from https://www.mediapost.com/publications/article/336776/ to-reduce-plastic-use-olay-tests-innovative-refil.html Increasing consumption 100% of leading brands will allow and encourage responsible consumption Franke, M. (2007).Sustainable Manufacturing. Retrieved from http://www.oecd.org/greengrowth/38876439.pdf Increasing demand for electricity 100% renewable electricity and reduce the emission of Weisbrod, A., Bjork, A., & McLaughlin, D. (2017). Framework for evaluating sustainably sourced renewable materials. Retrieved from https://www.tandfonline.com/doi/full/10.1080/16258312
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SUSTAINABLE DEVELOPMENT4 Greenhouse gases in all the sites of P&G .2016.1258895 StarHub Increasing energy Consumption Energy efficient technical centers and energy efficient technologies Nanyang Technology University. (2016).Corporate Sustainability Case Studies. Retrieved from http://www.nbs.ntu.edu.sg/Research/ResearchCentres/cb s/AboutUs/Documents/7_Starhub.pdf Increasing pollution Electronic waste (E-waste) recycling program Asia Cloud Forum. (2013).StarHub unveils "MediaHub" -- social media analytics lab. Retrieved from https://www.enterpriseinnovation.net/article/starhub- unveils-mediahub-social-media-analytics-lab-516831099 Increasing harm to the children due to using mobile at a younger age JuniorProtect Service as the Value-Added Service for parents (Seng, 2017) Seng, N.C. (2017).StarHub's JuniorProject Plus gives parents more powerful web filtering tools for home broadband and mobile lines. Retrieved from https://www.hardwarezone.com.sg/tech-news-starhubs- juniorprotect-plus-gives-parents-more-powerful-web- filtering-tools-home-broadband Marks & Spencer Reducing Wastage Making entire packaging at M&S broadly Zwick, S. (2017).How Marks & Spencer is helping to build a global ‘sustainability tribe’. Retrieved from https://www.eco-business.com/news/how-marks-
SUSTAINABLE DEVELOPMENT5 recyclablespencer-is-helping-to-build-a-global-sustainability-tribe/ Exploitation of animals Sustainable sources for cotton Hobbs, T. (2017).M&S on how SMEs can turn sustainability into a success. Retrieved from https://www.marketingweek.com/2017/12/13/marks- and-spencer-sustainability-new-research/ Increasing global warming Cutting emissions from the supply chain by 13.3 tons Business in the Community Ireland. (2017).M&S Sustainability Programme Plan A turns 10 and has saved £750 million in costs. Retrieved from https://www.bitc.ie/newsroom/members-news/plan-a- has-saved-ms-750-million-in-costs-over-the-last-ten- years/ Wesfarmers Sustainable Strategies Wesfarmers is one of the sustainable corporations and will remain sustainable if it continuously gains financial success. Under its sustainability company address different range of other matters that are important in their own way and eventually influence financial outcomes. The company is aimed towards operating its businesses in accord with its 10 community and environmental principles in consideration to five key areas of sourcing, environment, people, governance, and community. Climate Change Resilience – Wesfarmers through its Climate Change Resilience it strives to decrease the intensity of the emissions of the business and enhance their resilience to climate change. The company acknowledges that the entire world is experiencing change because of climate change. Numbers of communities are today experiencing the negative impact of the increasing temperature, increasing scarce supply of the food, and shortage of
SUSTAINABLE DEVELOPMENT6 the water. The company desire to the proactive in relation to managing the above-specified risks because retorting to the climate change will offer major environmental, social, and economic benefits. The climate change division of the company responds in two ways. Firstly, the company monitor and manage its own emission of greenhouse gas and decrease it. Secondly, the company works in order to understand the particular risks raised by climate change for the business and addressing them (Gouldson, 2016). Involving with Paris agreement – The companies’ direct emission is raised from the company’s industrial businesses, comprising the utilization of the diesel and natural gas and emissions from coal mining. The key indirect emission source is electricity utilized by the company's operations. The company is capable to manage the increasingly direct and indirect emission by technology improvements in its industrial procedures and by initiatives that are energy efficient in the entire business. Wesfarmers has majorly accepted the intergovernmental panel related to climate change with the objective of gaining stable as well as reliable market, decreasing energy cost, and reducing emissions. Wesfarmers identify that there is a huge change in the climate because of the actions of human and business acknowledge that the company is performing a major part in mitigating this change. The company supports the commitment of Australian done under the Paris Agreement in order to limit global warming to 1.5°C-2°C above pre- industrial levels (United Nations Climate Change, 2019). Having diversified workforce including indigenous people – Wesfarmers is involved in increasing 24% of the employees identified as the Indigenous to around 5228, which makes the entire Wesfarmers Group the largest employer of the Indigenous community of Australian region (Wesfarmers, 2017). The company majorly believes that having diversity into the business strengthens the innovation and creativity in the team. The commitment of
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SUSTAINABLE DEVELOPMENT7 the company to diversity in the entire Group extends to all perspectives and individuals. Specific concentration is paid by the company in attaining a balance of women and men in a senior position of the management and enduring to increase employment of the Indigenous people. Wesfarmers is involved in developing and executing a Diversity policy that is focused to foster diversity at every level of the Group (Dal, Gebremedhin & Sayem, 2013). The above-specified drivers of the Wesfarmers Company are following the triple bottom line focusing on three parts that are social, environmental, and financial. The company is sustainable until it gains the financial outcome which gives motivation to the organization. Conclusion The above report has discussed regarding the sustainable strategies and drivers of sustainability of four organizations that is Wesfarmers, Procter & Gamble, StarHub, and Marks & Spencer. In addition to this, the report has provided a brief of the sustainable strategies of Wesfarmers which highlights that the company follows the triple bottom line framework.
SUSTAINABLE DEVELOPMENT8 References Dal, A., Gebremedhin, T., & Sayem, M. (2013). A Case Study of Affirmative Action Australian-style for Indigenous People.Australian Journal of Labour Economics, 16(2), 277-294. Gouldson, A. (2016).The Governance of Corporate Responses to Climate Change: An InternationalComparison.Retrievedfrom https://onlinelibrary.wiley.com/doi/full/10.1002/bse.1925 Mahoney, S. (2019).To Reduce Plastic Use, Olay Tests Innovative Refill Pods. Retrieved fromhttps://www.mediapost.com/publications/article/336776/to-reduce-plastic-use- olay-tests-innovative-refil.html Seng, N.C. (2017).StarHub's JuniorProject Plus gives parents more powerful web filtering toolsforhomebroadbandandmobilelines.Retrievedfrom https://www.hardwarezone.com.sg/tech-news-starhubs-juniorprotect-plus-gives- parents-more-powerful-web-filtering-tools-home-broadband UnitedNationsClimateChange.(2019).TheParisAgreement.Retrievedfrom https://unfccc.int/process-and-meetings/the-paris-agreement/d2hhdC1pcy Wesfarmers.(2017).SustainabilityReport.Retrievedfrom https://sustainability.wesfarmers.com.au/media/2464/2017-wesfarmers-sustainability- full-report.pdf