Sustainable Business Management: Practices and Benchmarking

This report provides an overview of sustainable business management, emphasizing its significance in enhancing long-term economic, environmental, and social values. It examines the aspects and impacts of business practices on sustainability, focusing on human, social, and economic sustainability. The report also discusses the environmental management systems approach, highlighting its benefits such as improved compliance and pollution prevention. It benchmarks current sustainable business practices against national and international industry norms like the European eco label, and compares the sustainable projects of the University of Bedfordshire with those of other UK universities, including the University of Birmingham, Imperial College London, University of Bristol, and Durham University, as well as Western Michigan University in the United States. The conclusion emphasizes the crucial role of sustainable business management practices in achieving environmental goals and ensuring effective business functioning.

Sustainable Business
Management

Table of Contents:
• Introduction
• The aspects and impacts of business practices on business sustainability.
• Environmental management systems approach
• Comparison between the sustainable project
• Benchmark current sustainable business practice against national and international industry norms.
• Conclusion
• References

INTRODUCTION
Sustainable business management can be describe as the study that is
significant for increasing long term economic, environmental as well
as social values that will lead to affect business. It is essential for
companies to consider sustainable management practices so that it is
able to enhance and increase business performance (Goni and et.al.,
2021). This type of practices is useful for growth and development of
business with the maintaining proper sustainable initiatives.

The aspects and impacts of business
practices on business sustainability.
Business sustainability will lead to have major positive impact on business and
it will lead to influence performance and productivity of business. It is
essential for organisation to consider business sustainability aspects as this
will help in increasing overall activities of business. It has been determined
that University of Bedfordshire is considering sustainable business
management practices while conducting its activities and task.

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Human sustainability is significant for maintaining as well as improving the human capital
with in the society (Dentoni, Pinkse and Lubberink, 2021). This is including investments
in the health and education system with the motive of access to services, nutrition, skills as
well as knowledge. Social sustainability includes the aims of preserve social capital with
the motive of investing and creating services that constitute the framework of our society.
The aim of economic sustainability is to maintain the capital intact and this is focusing on
improving the standards of living.

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Gain competitive advantages – It is essential for company to focus on gaining competitive
edge over other rival companies as this will lead to have direct impact on business. It has
been analysed that sustainable business practices will help in gaining competitive
advantages over other rival companies and it will lead to increase business practices (Ullah
and et.al., 2021). University of Bedfordshire can be consider as the leader of the other
universities as it is considering different types of business activities for encouraging and
improving social and environmental sustainability.

Environmental management
systems approach
Environmental management system approach can be describe as the set of
processes as well as practices that assist company to reduce environmental impacts
as well as increase its operating efficiency. This is useful for providing information
as well as resources required to successfully and effectively implementation of
environmental management system approach with the motive of overcome issues
of business as well as enhance overall performance and capabilities.

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There crucial benefits of environmental management
system is that it helps n enhancing compliances of the
business. Through this system approach, environmental
performance of the business could be improved. This is
consider to be significant for prevention of pollution as
well as resource conservation.

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Preservation approach – As per this approach it is important that man or human
beings are not disturbing the national system as well as adapting it as it is. This the
support of this approach environment could be protected from the harmful activities
of human. It has been analysed that human beings are conducting different
activities and task which could lead to have impact over the environmental such as
deforestation, increasing waste, misuse of water resources and so on.

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It has been identified that waste disposal practices helps University of
Bedfordshire to classify different type of waste in accurate manner so it could
be disposed successfully. In order to implement recycling practices the
University of Bedfordshire has put dustbin at various location of the university
that is helps in dividing the waste into mixed and general recycle manner.

Benchmark current sustainable business practice
against national and international industry
norms.
There are various kinds of sustainable business practices that will assist company to
become sustainable. It is important for business to effectively and efficiently conduct
sustainable business practices so that its practices could be successfully and effectively
accomplished. It has been analysed that there are different national and international
industry norms which could lead to affect sustainable business practices as well as its
functioning in market area (Oskam, Bossink and de Man, 2021).

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Economic value – This is refer as the activities of business that helps in
earning profits by providing high quality products and services to its
customers. It is essential that company is considering economic value so that it
can earn appropriate amount of profits and successfully run business practices.
This is crucial for providing salary to the workforce that is effectively
conducting business practices.