Uploaded on Mar 10, 2023
PPT on Corporate Sustainability
Corporate Sustainability
Corporate
Sustainability
INTRODUCTION
Sustainability is one of the most pressing issues in
the world at the moment. As we’re facing a climate
catastrophe, many of us are seeking out ways we
can reduce our impact on the environment.
Source: www.futurelearn.com
DEFINITION
We can define corporate sustainability as the
strategy whereby a business delivers its goods and
services in a manner that is both environmentally
sustainable and supports its economic growth.
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PRIORITY
Corporate sustainability prioritises long-term growth
through sustainable methods as opposed to
focussing on short-term financial gains.
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IMPLEMENTATION
By implementing a corporate sustainability strategy,
your business should be committing to using natural
resources responsibly, investing for the long-term
wellbeing of the planet and ensuring that all people
involved in your business process are treated fairly.
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CONCEPT OF SUSTAINABLE DEVELOPMENT
This idea was born from the concept of sustainable
development, which is growth and development that
meets the current needs of today without
compromising any natural resources that future
generations depend on.
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WHAT IS SUSTAINABILITY?
There are a number of different definitions of
sustainability, but looking at the word
etymologically, to ‘sustain’ means to keep
something going or provide support. In this way, we
can view sustainability as an approach to sustaining
life and supporting the planet.
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WHY IS SUSTAINABILITY IMPORTANT?
Sustainability is important because we live on a
planet of finite resources, but often we treat it like
our resources are infinite.
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VALUE IN INDIVIDUAL CHANGE
Although governments and corporations should
take a great deal of the responsibility for
implementing sustainable changes and solutions,
it’s important to see the value in individual change.
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The Environmental Pillar
The environmental pillar often gets the most
attention. Many companies are focused on reducing
their carbon footprints, packaging waste, water
usage, and other damage to the environment.
Besides helping the planet, these practices can
have a positive financial impact.
Source: www.investopedia.com
The Social Pillar
The social pillar ties to the concept of social license.
A sustainable business should have the support
and approval of its employees, stakeholders, and
the community it operates in.
Source: www.investopedia.com
The Economic Pillar
The economic pillar of sustainability is where most
businesses feel they are on firmer ground. To be
sustainable, a business must be profitable. That said,
profit cannot trump the other two pillars.
Source: www.investopedia.com
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