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.

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various national and international industry norms that needs to be consider by the organisation for
sustainably conducting business practices.
European eco label – The European eco label can be describe as the voluntary standard for encourage
businesses to market products as well as services which are kinder to the environment. This consist of
different activities as well as wide range of products and services in the European Union. This includes
cleaning products, paper products, appliances, textile as well as home or garden products. It is essential for
consideration of European eco label while conducting business practices as well as enhancing sustainable
business practices.

Comparison between university
It has been analyzed and observed that University of Bedfordshire has become very
attentive towards the sustainable management and many effective practices are also
being adopted by the such as water and electric conservation, developing recycling
program, along with more sustainable use of renewable energy. Efforts like making use
of eco-friendly incentives along with solar system and other measures are also taken to
reduce the emission of carbon gases along with ensuring conservation of environment.

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University of Birmingham which is a well known public research university located in Edgbaston,
Birmingham, United Kingdom is also becoming more attentive towards sustainable business management
which consists of incorporation of social, economic and environmental factors within the business decisions.
Adoption of solar energy and reduction within the use of plastic has been also made by the University of
Birmingham. Imperial College London which is a world-class university with a mission to benefit society
through excellence in science, engineering, medicine and business has also become more concern towards the
conservation and protection of the environment and also adopted use of many eco-friendly invectives such as
planting of trees on regular basis and many other ways to preserve and reduce use of natural resources.

Comparison between the sustainable project
of University of Bedfordshire with another 2
UK universities
The University of Bedfordshire is considering different approaches and practices for
sustainable business management. This consist of waste disposal, recycling, combi
heating, solar panels, rain water harvesting and life campaign. All of these are the crucial
initiative taken by the University of Bedfordshire for consideration of environment as well
as reducing negative influence of business on environment. 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.

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• Where as there are other university that is not able to take environmental management
practices in successful manner such as University of Bristol and Durham University.
• It has been identified that the University of Bristol has been effectively and actively involved
in the process of addressing sustainability issues with the impactful operations, teaching,
research as well as community for many years. The University of Bristol includes energy,
carbon and water management practices with the encouraging energy as well as water
efficient practices along with the investing in its estate to reduce.

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The Durham University is majorly focusing on the water management practices. This
university is conducting different task and activities that is helpful for management
water in correct and accurate manner. This is very good initiative of the Durham
University so that water could be protected from various dangers such as chemical and
pollutions. This is significant method of engaging with the environmental management
practices as well as enhancing sustainable development activities of environment.

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Western Michigan University of United States is focusing on different principles of
responsible management. This university is instilling sustainable business practices
today, future corporation can be restore environmental quality as well as promote
stable , healthy communities. The Western Michigan University is working towards
providing the most comprehensive exposure to sustainability in the state of
Michigan.

Conclusion
From the above report it could be concluded that sustainability business management
practices play very important role and it will lead to have crucial impact on successful
and effective functioning of the business. it has been analysed that organisation needs to
consider business sustainability aspects as this will help in increasing overall activities
of business. This will lead to have positive impact on business practices and
performance with the motive of accomplishing environmental goals.

References
• Goni, F.A. and et.al., 2021. Sustainable business model: A review and framework
development. Clean Technologies and Environmental Policy, 23(3), pp.889-897.
• Mattera, M., and et.al., 2021. Facing a global crisis-how sustainable business
models helped firms overcome COVID. Corporate Governance: The International
Journal of Business in Society.
• Dentoni, D., Pinkse, J. and Lubberink, R., 2021. Linking sustainable business
models to socio-ecological resilience through cross-sector partnerships: A complex
adaptive systems view. Business & Society, 60(5), pp.1216-1252.
• Ullah, H., and et.al., 2021. Multidimensional perspective of green financial
innovation between green intellectual capital on sustainable business: the case of
Pakistan. Environmental Science and Pollution Research, pp.1-17.

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