Thursday, May 21, 2020

Sustainable Development and Businesses Essay - 1049 Words

For decades now, environmental, social, and economical issues have arisen in society and businesses. Only recently has the issues established extensive attention within society, sustainable development is acknowledged by the majority to mean ‘development that meets the needs of the present without compromising the ability of future generations to meet their own needs’ (Commission 1987). This essay will look into the practices of ANZ as a sustainable business and examine their ecological, economic and social environments. Sustainability is a concept that supports strong economic, environmental and social development within the business. Through this practice, the business will be able to have a comprehensive understanding of the importance†¦show more content†¦The social aspect focuses on the well-being of people. We have an ethical responsibility to do something about human inequality, social injustice, and poverty. This pillar supports initiatives like peace, social justice, reducing poverty and non-discriminant work places. The financial factors that has encouraged western society to engage themselves in sustainability are being able to reduce all forms of energy and resources costs. As this is a highly used component within the workplace, businesses are able to immediately measure the savings that they have made therefore motivating the overall business to continue to reduce their costs. As for the brand and reputation of the business, will demonstrate to customers that they are responsible for their actions and utilising natural resources. This will not only impact the business itself, but engage their stakeholders in building a stronger relationship and ensuring that they can trust and cooperate with the business. Through maintaining the company’s brand and reputation, it will also increase their profitability and revenue growth. The environmental factors that can benefit the organisations is they are able to reduce any carbon emissions, and carbon footprint. This will ensure that they are highly aware of preserving the natural resources, creating aShow MoreRelatedHow Sustainable Development Urban Areas Is Wicked Problems For Modern Share Economy Businesses Such As Uber And Dropbox1070 Words   |  5 PagesThis essay will analyse and examine how sustainable development in urban areas generates wicked problems for modern share economy businesses such as Uber and Airbnb. A wicked problem is defined as a social or cultural problem that is difficult or impossible to overcome. Some of these problems are encountered by businesses, Uber and Airbnb which are effected by complex economic, legal, political and social factors. 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