By reaching this objective, the company can also attract a larger number of investors, and increase its investment capital. In addition to this, the company can use this strategy in order to market its innovative products and services. Stonyfield Farm is another company that uses life cycle thinking and assessment techniques (Schatsky, 2012). This is intended to help the company identify packaging systems with improved environmental performance. The company managed to find bioplastic packaging materials that determine fewer greenhouse gas emissions in comparison with other materials, at reduced costs (Deloitte, 2009). Companies mostly use life cycle thinking and assessment in order to improve their product development process. In addition to this, such practices are used when companies want to build production plants and want to establish the environmental impact of their production process.
b) the need for improving environmental sustainability practices has determined companies to use life cycle thinking and assessment techniques. Such techniques are intended to better determine and evaluate the effects that companies' activities have on the environment. This increased interest in life cycle assessment is determined by the pressure exerted by stakeholders, like customers, employees, governments on companies towards improving such practices and improving their use of natural resources.
There are numerous companies that have requested the help of specialists in the field when developing strategies based on life cycle assessment. Daimler is one of these companies. The car maker has clearly stated its intentions towards environmental sustainability. The company has developed an integrated approach to sustainability. Therefore, Daimler considers that it is best to address economic, environmental, and social responsibility together. In addition to this, the company is continuously working towards improving the production process. Daimler's sustainability program focuses on several issues: sustainability management, product responsibility, industrial environmental protection, employees, and the social environment. This complex approach to environmental sustainability reflects the company's intensified efforts in reducing the impact of its activity on the environment (Daimler, 2012). The company focuses on promoting environmental sustainability, so that its example is followed by other companies also.
c) the sustainable business development strategy of numerous companies includes life cycle thinking and assessment techniques. These tools are used by companies in their attempt to improve their image as environmentally responsible companies. They use life cycle assessment when trying to determine the effects that their products and services have on the environment (PepsiCo, 2011). This technique is also used in order to develop efficient product development...
Social/Environmental Sustainability Determining the limits of companies' corporate social responsibility is not easy. Businesses which treat corporate social responsibility and environmental sustainability like any other corporate goal are on the right track. Having made that decision implies that companies should have specific targets to meet, just as they do for sales or production or other business functions. Once companies have met certain targets in both environmental and societal responsibility, then they
S. Green Building Council (USGBC) in 2000 and has since led to over 9 billion square feet of facility space being in compliance. In addition, LEED has taken on the most challenging areas of quantifying through cost analysis the contributions of these initiative to the bottom line of companies (Haxton, Beckstead, 2008). The results have shown a 35% reduction in operating costs while reducing energy costs while also reducing emissions and
Bottom line, firms can become more competitive with sustainable development (World Business Council for Sustainable Development, 2002), for a wide variety of reasons, including from a cost perspective. Bibliography 1. World Business Council for Sustainable Development. 2002. The Business Case for Sustainable Development. On the Internet at http://www.wbcsd.org/web/publications/business-case.pdf. Last retrieved on January 12, 2012 Student 3 One explanation for which sustainable development has become such a used notion in the last years is
Environmental Sustainability At this point in time, there is a tremendous difference in European and American approaches to environmental sustainability, with the result being that the U.S. is falling behind Europe in its ability to foster and maintain sustainable development practices. This has a negative impact on American progress, as encouraging consumptive development places the U.S. In a less competitive position than other developed nations, while saddling it with some of
Kadembo supports the efforts of Transparency International (2006) in its internationals efforts against corruption. He supports there recommends the following instruments in fighting corruption, including: 1) Transparency 2) Codes of conduct 3) Civil society participation and oversight 4) Whistleblower protection 5) Reducing incentives for corruption 6) Conflict of interest rules 7) Integrity pacts and debarment 8) Rigorous prosecution In Kadembo's research, he has found that countries in Africa in which these suggestions have been implemented (at least where
Environmental Industrial Management Corporate social responsibility (CSR) has been a hot topic in business circles for decades. The topic has gained even greater attention in the last few decades in the wake of increased attention to the impact of business activities on the environment, economy, and the society (Flammer, 2013; Schrempf-Stirling, Palazzo and Phillips, 2016). This paper discusses the principles of CSR; the integration of social, economic, and environmental aspects in
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