The company’s strategy, decisions and actions are guided by the basic principle of sustainability. Mercedes Benz defines sustainability as directing business capably to ensure long-term success in harmony with the environment and society. Benz is continually moving toward their objectives by making sustainability a solidly incorporated part of their operations and by requiring and advancing a sense of awareness for sustainable operations among all of their leadership team and workers. Additionally, they incorporate their business partners in this process and spread this message and concerns on these issues with their stakeholders. The administration structures, procedures and frameworks are composed according to this idea of sustainability.
Their sustainability methodology is embedded in their corporate culture, which is centred on their four core principles of passion, respect, integrity and discipline. The automotive manufacturer believes that they can only guarantee sustained productivity and society’s acknowledgment of their business activities if they consider all the effects their business processes have on the earth and society, and if they adjust their corporate targets with environmental and social necessities. This strategy, named Sustainability Program 2020, consists of six main dimensions. Moreover, these not only characterizes the areas that they plan o take action in the next years, but also is used to measure their performance.
For Mercedes, there are three key elements for product responsibility, which are the greatest possible customer experience and benefit, the highest safety standards, and the greatest eco-friendliness and effectiveness. To accomplish this o...
... middle of paper ...
Support of social sustainability initiatives, regional commitment at locations, cross-regional commitment. They make positive contributions to our social environment that extend beyond their business activity. Together with their employees they strive to help master social challenges in many charitable community projects around the world.
Responsible business partners
Mercedes Benz is committed to compliance with legal and ethical standards, which must be maintained along with their entire supply chain. By frequently offering supplier events, they promote dialog and training in which they likewise address our sustainability prerequisites. As a team with other car makers, Benz also provide supplier training courses. Moreover, the execution of their sustainability standards in the supply chain is an essential topic in their stakeholder dialogs.
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- Introduction and the objective of the study Nike is one of the biggest footwear and apparel manufacturing companies in the word. The company came into existence in 1964 by Bill Boweman and Phil Knight and named it as the Blue Ribbon Sports. The company changed the name to Nike, which is Greek word meaning victory, in 1972 after producing a good brand of shoes that became popular among the athletes (NIKE, Inc., 2001). Since then, the company has been successful, dominating the world market of athletic shoes.... [tags: business strategy, Bowerman, Knight]
2752 words (7.9 pages)
- Early pioneer of ecological substantiality, Herman Daly, proposed a problem of environmental maintenance. He proposed, (1.) renewable resources of harvest should not exceed the rate of regeneration (sustainable yield), (2.) the rates of waste generation from projects should not exceed assimilative capacity of the environment and, (3.) non renewable resources should require comparable development of renewable substitutes for that resource. (Daly, 1990) Despite his insight and projections, human continue to over use natural capital.... [tags: Sustainability, Ecology, Natural environment]
933 words (2.7 pages)
- Sustainability is often defined as managing the triple bottom line. The triple bottom line is a process by which companies manage their financial, social and environmental risks, obligations, and opportunities. The triple bottom line is also referred to as the 3 P’s (profits, people and planet). Sustainability represents flexibility over time in that businesses create economic value, healthy ecosystems and strong communities. A sustainable business varies depending on the field. For example, in manufacturing, a sustainable business may include waste elimination and greenhouse gas reduction, whereas in retail, experts focus on ways to minimize waste in packaging and ways to facilitate energy... [tags: Sustainability, Triple bottom line]
845 words (2.4 pages)
- I. Introduction What is sustainability. There is a Native American (n.d.) proverb which says: ‘When the last tree has been cut down, the last fish caught, the last river poisoned, only then will we realize that one cannot eat money’. Defining sustainability is a challenge itself, achieving it is even more arduous but what it is certain is the consequence of not acting sustainable. For too long the main goal of western countries has been profit, ignoring the extended list of benefits deriving from acting sustainable.... [tags: Sustainability, Natural environment]
1521 words (4.3 pages)
- Prior understanding about sustainability My initial understanding of the Sustainability was all only about saving the environment by adopting environment friendly “green” measures. My concepts of Sustainability measures limited to the companies spending in recycling and innovation in technology, which helps to do more with fewer natural resources, consumer behaviour and the legislations’ measures by framing the rules such as carbon tax to reduce the companies’ carbon foot print and from damaging the environment.... [tags: Sustainability, Sustainable development]
1542 words (4.4 pages)
- For the organization evaluation for sustainability within an organization for an industry I am geared towards is Eventfull Planning located in Indianapolis, where they organize all service coordination from individual to the whole package deal. I interviewed Laura Lim, who is from Washington, DC, who now lives in Indianapolis and is the owner and principle designer for Eventfull Planning. Lim is a mother to one and a wife to a restaurant manager at Ocean Prime that is also in Indianapolis. Lim took off when she got the opportunity to work in New York City with Gucci.... [tags: Sustainability, Management]
877 words (2.5 pages)
- The sustainability is harmonized through close connection with triple bottom line including economic, social and environmental performance. As a result of such correlation the companies should reflect their activities in long-term economic approaches and refrain from involvement in short term detrimental behaviours not environmentally attractive. Examples of those behaviours provided in Harvard Business Review (2013) illustrating transparency as more sustainable principle over corruption, appropriate employment practices as more sustainable than sweatshops, and philanthropy as a tool of sustainability within the society.... [tags: Sustainability, Natural environment, Biodiversity]
723 words (2.1 pages)
- Sustainability and corporate governance 1. Introduction(214) Sustainability is a development pattern - to meet the human needs of nowadays society. In parallel, to satisfy the needs of our generation. It is premised on the basis of environmental protection. The principles of sustainability combine economic, environment with the social system, they are three closely interrelated elements. As the CIMA report says: ‘Natural capital underpins all other forms of capital, including financial – ultimately we rely on it for everything.’ Currently, the increasing population means the incremental demand of natural resources.... [tags: Sustainability, Natural environment, Cost]
1190 words (3.4 pages)
- The Extent to Which the Principle of Sustainability Guides Land Use Policy Development The idea of developing in such a way that the present can meet their needs without future generations needs being compromised is not a new one. It has been practiced and continues to be practiced by many groups of people across the world. For example, this principle is embedded in Aboriginal beliefs that they come from the land, and must return to the land and so must be custodians to the land.... [tags: Papers]
1258 words (3.6 pages)
- Sustainability for MNEs has been a continuous goal for over forty years, starting with agricultural concepts. Intervention began considered by world authorities as early as 1980, as described in “The World Conservation Strategy” (Allen, 1980). Because of global attention on sustainable growth and development and conservation of resources, global climate conferences began convening in 1997 (Cadieux & Conklin, 2011). Sustainability has become a global concept and an institutional concept that is not only part of an institution’s Global Citizenship and Governance, but is also overseen as part of the institution’s Code of Conduct.... [tags: Sustainability, Corporate social responsibility]
1098 words (3.1 pages)
- How Does An Author Real Experiences Affect Their Literacy Work?
- Google 's Temporary Content And Lack Of Records
- The Popular Brands Of Clothing
- Skill Development : Entrepreneurial Education
- The Basic Requirements For Successful Venture Creation
- The Bad Math Behind Corporate America 's Education Agenda