EDIBM Unit 103: Sustainable Business Development and Practices Report

This report delves into the multifaceted aspects of sustainable business, beginning with an introduction to sustainable development and its importance. It explores the aims and objectives of businesses in relation to sustainability, emphasizing the need for environmental protection and resource utilization. The literature review covers global warming, sustainability, and the impact on the 3Ps (People, Planet, Profit). The report examines the roles of government and companies in promoting sustainability, followed by a critical review of current practices. It outlines steps companies should take, including redefining business models and understanding the impact of sustainable steps on profit. It also addresses educating stakeholders and promoting innovative strategies. The report concludes with recommendations for companies and a discussion of socially responsible investments, aiming to provide a comprehensive understanding of sustainable business practices and their implications.

Running Head: SUSTAINABLE BUSINESS 0
Sustainable business
(Student Name)
3/7/2019

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Table of Contents
Introduction................................................................................................................................2
Aims & Objectives.....................................................................................................................2
Literature Review.......................................................................................................................3
Global warming......................................................................................................................3
Sustainability..........................................................................................................................3
Impact on 3ps.........................................................................................................................3
Role of Government...............................................................................................................5
Role of companies..................................................................................................................5
Critical Review...........................................................................................................................6
Steps should take by companies.................................................................................................6
Redefining the business..........................................................................................................6
Impact of Sustainable step on profit.......................................................................................7
Way to educate internal and external stakeholders................................................................7
Environmental Standards........................................................................................................7
Importance of promoting innovative strategies......................................................................8
Companies adopted sustainable practices..............................................................................8
Socially Responsible Investments..........................................................................................8
Recommendations......................................................................................................................9
Conclusion..................................................................................................................................9
References................................................................................................................................10

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Introduction
Sustainable development is the growth that convenes the requirements of the current situation
without cooperation the capability of prospect cohort to convene their individual
requirements. It is perceived as the mean to achieve a balanced civilization that exists in sync
with their environment while at the same time it also progressing economically (Carley and
Christie, 2017). In the recent, the business evaluates the worldwide trade surroundings to gain
a company considerate of the chance as well as confront it present. They extend destructive
approaches for recovering each portion of their venture. To do this, the companies place a
comprehensive as well as incorporated tactical organization structure for put together with
executing the trade plan to adopt sustainable development in their business (Nilsson, Griggs
and Visbeck, 2016). One of the companies Woolworths Limited is one of the Australian
public corporations with the annual sales of over more than 30 billion. The corporation is
dedicated towards development of its surroundings footprints throughout a appropriate
sustainable tactics. The sustainable strategy of the company focus on many of the significant
issues related with environment, staff, public as well as economic responsibilities of the
business (Zhang et al., 2015).
In the following part there will be detailed discussion on the sustainable development and the
impact of sustainability on the environment and the benefit of sustainable development on the
growth of organization.
Aims & Objectives
Every individual are aware about the facts that business are working in the society and for the
society therefore, it is one of the major responsibility of the companies to keep their
surroundings healthy. The companies are using the natural resources, therefore it is one of the
objectives of the company to protect the resources and utilize the resources of the society in
effective manner. The main objective of the report is to analyse the sustainability
development issues faced by the society and steps taken to protect such resources in effective
and efficient manner

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Literature Review
Global warming
The global warming refers to the rise in the temperature of the environment that is result from
the human activities as well as industries. It has develop into perchance one of the majority
convoluted issues that are in front of the globe privileged in order to defend the world as well
as the prospect. The earth has affectionate by 1 degree F over the past hundred years. The
global warming has much complication as well as has huge effects in the earth (Hughes et al.,
2017).
Sustainability
Sustainability refers to the utilization of resources in effective and efficient manner.
Sustainably include the process in which convene the need of the current lacking conciliation
the capability of the prospect cohort to convene their individual requirements. The
fundamental measure of the environmental sustainability ate those that are related with the
endowed environment managing putting the capacity as well as the eco-efficiency that cannot
be alters until the society changes the manner it produces as well as consumes (Clayton and
Radcliffe, 2015).
Impact on 3ps
According to the survey it has been analyzed that only 28% primary producers accept that
human activities is one the major cause of climate changes that are compared to 58% of the
urban dwellers. The global warming affected the physical, peripheral as well as policy at
greater level. They are explained in below points:
Physical evidence
The reliable rainfall as well as predictable temperature ranges plays a crucial role according
to change in global warming. Due to the global warning, dissolve of glaciers will generate a
overabundance of the harms for the person sort as well as animals that are living in the earth.
The level of sea is rises due to the global warming that lead to the flooding that will in turn
make chaos in the life of human being. The global warming is also leading to more
evaporation that caused the rainfall at greater level. The animals as well as plants cannot
easily adapt to increase the rainfall (Epstein, 2018).

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Policy
The overflow belongings of climate-related strategy which are executed in the developed
world are the second aspect of threat of the climate change. The develop nations participate
as a well-known role in the economy world, and economic trend in these realms often have a
worldwide impact. In the recent scenario, it is estimated that the economic growth among
developed countries has been declined from approximately 3.8 percent in 2007 to 1.8 percent
in the year of 2008. The similar trend has been estimated for the rising countries and for the
globe has a whole. The policy that is affected from the climate change is becoming clearer
with the Federal Government Clean Energy Future policies which are connected with the
price on carbon as well a Carbon Farming Initiative (Mossler et al., 2017). The price on the
carbon could have unavoidable as well as indirect impacts on the businesses of farm, while
increase in the cost of fertilizer, usage of chemical, fuel and power usage that affected the
overall agricultural sector at greater level. Moreover, changes in the climate or the adoption
of the guidelines to deal with climate changes in the urbanized nations can sluggish their rate
of development. It also represents the negative implication for the international trade, flow of
finance and the commodity price which can be ultimately enlargement in the increasing
countries. The slower development of economy is the merely one of the probable overflow
possessions of efforts to struggle vary of climate amongst developed nations and the pertinent
sectoral guidelines can also have serious consequence. The best example that can be represent
is the shift to biofuel feedstock production which is stimulated by the subsided of agriculture
and other inducement which is measured one of the major feature causal to the pointed boost
in the price of food in latest years that generated the radical brunt on importers of low-income
net foodstuff that also cover numerous African countries (Van Der Werf et al., 2017).
Peripheral
It includes the changes in market as well as societal expectations. Such impact of climate
change depends majorly from societal response to climate change. Due to the global
warming, the demand of environmentally concerned consumers is changes. The system of
agriculture is expected be pact a crippling gust. Although the mounting term in some of the
part will enlarge, the mutual impact of lack, stern endure, lack of accrue snowmelt, lower
groundwater tables, superior amount as well as assortment of vermin and beating of arable
ground causes severe crop failure as well as livestock shortages worldwide. The another
potential impact would be the brunt on the deal of efforts by urbanized countries, to make

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sure that manufacture in further countries is not injurious to the whole environment. Many
other developed countries are shifting their metal making and further production goods with
elevated carbon footprints to other emergent countries and make sure that that the
construction manner in the concluding convene the uppermost global plane. Unless the ample
preparations are provided for the business and transfer of the spotless equipment which is
required to convene these principles, devastating the deal disputed could be ensure (Liu et al.,
2016).
Role of Government
The climate changes such as natural disasters such as poaching, tsunamis of endangered
species or other natural activities have all directed the collective steps to the system of
environment as well as the requirement to extend and develop the capability to recoil from a
huge series of ecological built in a sustainable way. The government and sustainable
regulation has taken the initiative to conserve the resources in effective way. In the United
States, the federal ecological as well as power system have play a crucial role in hoisting the
consciousness of the matter related to sustainability and also create normative retort that will
broaden with endorse the request of sustainable practices. It forces the companies to follow
their regulation to make participation in the activities (Dyllick and Muff, 2016). The
regulations have strong effects on the sustainable activities of the companies. The corporation
have qualifies the impending impact of the ecological as well as social bylaw on their trade. It
has been analyses that only 40% of the individuals feel to prepare their pact with the rule in
the subsequently three to five years as well as they are confident for handling the issues from
change in climate. Failure to attain conformity in the current Copenhagen UN Climate
Change Conference was represented by respondents to such analysis as double as probable to
enhance the vagueness (Hofman, Moon and Wu, 2017).
Role of companies
The company has adopted various sustainable steps to protect the environment as well as to
grow sustainably in the market. Most of the companies work as middle man which converts
the natural resources into the usable resources products. Such companies are very well
positioned to implement the resources-preservation strategies of the ecosystem. As most of
the organization would able to find the benefits in the emerging climate change market as
they concentrate on decreasing their emission of GHG by changing product or the process.

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Some of the companies also doing their business in emission credit as to capitalize on their
new market of the commodity as well as concentrate on marketing the novel skills of
management or the technologies that help in producing fewer amount of greenhouse gases.
Most of the company’s focus on investing the green products in the marker that would help
them in recognizing as one of the key factor to achieve growth in the market with better
quality as well as environmental stability (De los Rios and Charnley, 2017).
Critical Review
The sustainability represents as one of the major challenges to the present as well as future
management practices. Dimension of the environmental, economic as well as social raise the
query of meeting their requirements. For such reason, the global environment in the recent,
challenge the tackling require Non-Governmental Organization, individual, private, public,
NGOs a swell a governmental sectors commitments. Such sectors is required to address the
issues which include efficiency of environment, seizing the advantage of growth of
renewable power, fulfilling the green customers as well as trade sustainability among others.
In a bid to achieve sustainability, most of the companies meet key confront for instance,
according to finding there are major confront that may be pragmatic on the world of business
and therefore, the specialist would able to find the common grounds for competitive reasons
(Amui et al., 2017).
Steps should take by companies
Redefining the business
The companies need to manage their existing business model sustainably and need to define
their company in order to remain competitive. Engaging in the practice of CSR is also one of
the significant steps that the corporation could use to deal with the environmental, social as
well as economic confronts they faces. The CSR is one of the responses to such pressure; the
companies have sought to enhance the competitive positioning by connecting with the
sustainability as well as corporate strategy. It includes translating the core issues into the core
language of business management which include capital acquisition, strategic direction as
well as market growth (Lonial and Carter, 2015).

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Impact of Sustainable step on profit
The company should ensure that their sustainability steps do not effect on their profit margin
as well as expectation of the stakeholders. There are three aspect of the sustainability which
involve economic, social as well as ecological. The role of the company in deal with or
covering all such feature depends on the organization practices adopted by the company.
Thus, the corporation endeavors into the prospect as they should take enthusiastic curiosity
on the amount of tactical options it is one of the essential things for the success and growth of
the company. The corporation should also examine the worldwide economic rules that would
help them in adjusting based on the provision of such regulations (Jones, Harrison and Felps,
2018).
Way to educate internal and external stakeholders
The sustainability has become one of the essential to the companies of all the sizes, as they
need an internal champion who allocates the interest of high priority stakeholders with the
internal decision makers. Normally, only the string practices within the company prevail. Due
to such reason, they need to invoke the structures as well as system which ensure the practice
of firm sustainability (Adams et al., 2016).
Environmental Standards
The company should adopt environmental standards to attain sustainable growth in their
business. Such standards that can adopt by the companies are explained in below points
 LEED: it is one of the green buildings that have a potential impact on the wellbeing a
well as health of the populace and the earth. They employ the possessions, make the
squander as well as expensive to uphold and function. Therefore, the green structure
is one of the perform of building, operating as well as designing of building to
maximize the productivity and heath, use limited resources, reduces the wastages and
negative impact on environment.
 GWP: Global warming potential (GWP) play a vital role in maintaining sustainability
in business. It is the process in which the standard ratios are major used to convert the
various gases into equivalent amount of CO2. Such ratios are majorly based on the
global warming potential of each gas that present their total warming impact relative
to CO2 over set of period (Ismaeel, 2016).

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Importance of promoting innovative strategies
Major companies focus on innovating green product that plays a vital role in the growth of
any business. The importance is explained in below points:
 The company can able to grow sustainably with the help of adopting innovation in
their business model
 They can able to control over their overall cost to the company that benefited to the
profit margin
 The company can satisfy their stakeholders in more effective manner
 They can able to discover new market and able to compete in the market in more
efficient manner (Battistella et al., 2017).
Companies adopted sustainable practices
 The company Nestle assist lots of customers for effortless way in to a protected,
vigorous as well as pleasant diet during a means of sustainable to eradicate the
hazardous tendency that is dedicated to the environmentally trade practices.
 Coca-Cola Enterprises has made the efforts of CSR; stakeholder rendezvous is
reinforcing to assist determines the key aim as well as confront. While collaborating
with the suppliers, CCE extend equipment to trim down the ecological impacts in
their supply chain and at the similar time, influence them to carry out in accountable
practices (Kuo et al., 2017).
Socially Responsible Investments
One of the leading companies Woolworth is committed towards the social development as
they expand their initiative towards the social development such as MySchool, EduPlant set
up by the company and also introduced a program to enhance the plight of orphans as well as
other vulnerable children (Schaltegger, Ludeke-Freund and Hansen, 2016).
Recommendations
There are certain recommendations provided for the companies as they are explained in
below points:

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 The companies need to adopt the process of recycling to protect the environment. By
reusing the material can help in lowering the footprints of environment even more.
 The companies need to control over their wastage disposal. The efficient way of
minimizing the toxic waste production and composing the organic matter wherever
possible.
 The companies need to concentrate on enhancing the efficiency of energy. Most of the
companies are utilizing more fuels that generate greenhouse gas. It needs to be control
on time to protect the overall environment.
Conclusion
From the above analysis it can be concluded that sustainable development has an essential
role in protecting the environment. The environment is greatly affected from the activities of
companies and human beings. It need to be control on time due to the reason it cause global
warming that affected overall environment of the planet at greater level. Government and
companies has taken the sustainable steps to protect the environment but it need to be taken
seriously by them else the planet will not take time to destroy due to the reason of carefree
attitude towards the environment. Some of the leading companies such as Woolworth, Nestle
has taken the sustainable steps but they need to be continued to protect the future
environment from unfair means.

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