Over the past few decades, sustainability has been defined and explained in various forms but every so often has emphasized on environmental concerns (Sheth et al. 2011, 21). Based on the most generally recognized and used definition from the Bruntland Commission, sustainability is being regarded as “meeting the needs of the present without compromising the ability of future generations to meet their own needs” (UNECE 2014). The importance of environmental quality and the conservation of nature’s assets in consumption are being emphasized in the definition (Strong 1997, quoted in Huang and Rust 2011, 41). The Bruntland Report gives emphasis to the need to integrate business economic objectives, social development and the responsibility to the environment (Sorin, B 2013, 8). Sustainability development is comprehended as a dynamic and indefinable concept (Moldan and Dahl 2007 as quoted in Hosseini and Kaneko 2012, 197), that four integrated and interlinked pillars are involved, namely environmental, social, institutional and economic (Karlsson et al. 2007 as quoted in Hosseini and Kaneko 2012, 197). The key to sustainability connotes three Ps: people, planet and profits, also widely known as triple bottom line (TBL) (Slaper and Hall 2011, 4). TBL framework is more than the traditional measures of earnings, return on investment and shareholder value to take account of environmental and social extents (Slaper and Hall 2011, 4). In a nutshell, TBL framework has its focus on not only economic performance, but also asserts the importance of ecological and social impacts and should be taken into account as the implication that assesses business outcomes (Sheth et al. 2011, 21).
In the 1990s, there was a rise of interest in eco-labels, co...
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...portunities in different ways such as greater responsibility, boost sales through differentiation of products or more selection available for consumers in eco-purchasing (Horne 2009, 180). Eco-label by its nature has intensively linked with the force that is caused by all parties in society to progressively transform these patterns in a more sustainable way (Boer 2003, 263). As a matter of fact that there are excessive products and information and lack of independent, readily accessible and comprehensible information about environmental performance (Horne 2009, 181), government interventions in both legislation setting and strategy and goal setting play a significant role in order to improve consumer protection or to achieve sustainability objectives (Boer 2003, 263); labelling is not enough to reach the objectives if it is only an isolated action (Boer 2003, 263).
As a company, sustainability is very crucial these days. They need to be sustainable in three aspect, social, environment and economic. In this report we will identify the sustainability of Dairy Farm international holding Ltd. in Singapore through TBL triple bottom line (social, economic, environment). It will also discussed whether they are already performing well or not to be sustainable. Suggestion for future decision making is also provide in this report.
One pivotal point regarding the debate on environmental ethics and the course humans should take is regarding future generations. How do the actions we take today impact those who inherit this planet after us? Some people argue that we do not inherit this world from our parents, but rather borrow it from our future children. Regarding the text Sustainability and Responsibility to the Future, several different viewpoints are offered regarding both sides of the ethics of environmentalism.
Kotler, P. (2011). Reinventing marketing to manage the environmental imperative. Journal of Marketing, 75(4), 132-135.
Sustainability grows into a collective tenure in commercial morals, environs and is extensively used by the administrations, businesses, advisers etc. In recent times the conception of sustainability is widened,nowadays it not only comprisesecologicaldeliberation but also monetary and communityconcern. (Elkington, 1998).
Sustainability contains three dimensions which are environment, economy and social (ibid.) and Tassal is dealing with all of them. To implant theory in to practices, the biggest Salmon company create an annually sustainable report, which included financial information and more importantly, the goal and process on their sustainability commitments.
Triple bottom line is defined as “a corporation’s ultimate success or health can and should be measured not just by the traditional financial bottom line, but also by its social/ethical and environmental performance” (Norman and MacDonald, 2003). There are many advantages when it comes to being a triple bottom line corporation. While incorporating the triple bottom line, you are also incorporating sustainability you’re your business. Therefore, becoming a triple bottom line corporation means it is one step higher towards helping save the planet. Becoming sustainable is cost efficient. Although it may cost a significant amount of money to convert, it will pay itself off in the long run. Additionally, it will help reduce expenses while saving
The more experience you have putting these tips into practice, the more they will become instinct. And by making informed decisions and ensuring that the product’s claims are accurate, you can feel good about the choices you make and their positive impact on the environment. If more greenwashing means that marketers are increasingly responding to the demand for sustainable products, this could be a positive trend. If left unchecked, greenwashing creates significant risks. Consumers will give up on marketers and manufacturers, and give up on the hope that their spending might be put to good use. Recent developments suggest companies should be prepared for the new wave of measures. Greenwashing has become a buzz word for consumers and the media. Unfortunately, the rules are not always clear when it comes to responsible environmental marketing.
Sustainability is a concept with a diverse array of meanings and definitions – a widely used glamorous, ambiguous, ambivalent and vague concept that is used by different stakeholder groups in various ways. Presumably to avoid noodling over a terminology or to avoid the confrontation with a definition, most widely the concept is broken down a planning process (c.f. e.g. Döring & Muraca, 2010). That is why most common sustainability is understood as sustainable development.1
Sustainability could be defined in many ways. It could be defined as the process to sustain a process or develop new technologies to reduce environment pollution. It also means a measurement how badly the environment is being polluted by other factors. I have to admit that sustainability is a great idea related to many fields such as healthy, economy, food, social, and etc. However, I still remember the first day of “Sustainable Business” class, Professor Laverty showed to my class an example of sustainable product with the idea of “produce more with less waste”. This example narrows me down to one idea of “Sustainable Business”, which is producing the product and services in an efficient and sustainable way without causing harms to environment. In this essay, I want to emphasize into impacts of businesses on environments, profitability of sustainable business, and responsibility of business.
As human beings we have a responsibility to protect ourselves, each other and our environment. The term environment refers to a complex set of social/cultural conditions that affect an individual or community. However, there are events and processes that occur in the environment that human beings have no control over. Environmental science, the systematic study of processes and materials in our environment, identifies temperature, precipitation and humidity as a few natural conditions. Natural conditions force us to be reactive, while things that we can control, such as consumption and waste, allow us to be proactive.
The future, it seems so far off; depending on one’s perspective, it is a week, a month or years. The future, from an environmental perspective is now. Changing behaviour in the present will set the world up for a better future. Understanding sustainability and what it means to be eco-literate is seemingly hard for some, which begs the question, when should ecologising education begin? This essay aims to summarise the extent of educating for a sustainable future and analyse how relevant it is. The concept of ecological literacy is explored along with its benefits and limitations. This essay was written from the viewpoint that everyone has a role in moving towards sustainability, beginning as early as early childhood.
Environmental sustainability is making decisions and taking actions in the interest of protecting the natural world, preserving the capability of the environment to support human life and ensuring that humans use the environment in a way that does not harm the environment. It also questions how economic development affects our environment vice versa.
Sustainable development means that the present generations should be able to make use of resources to live better lives in such a manner that it doesn’t compromise the ability of future generations to survive and make better lives for themselves as well. For sustainable development to occur, there needs to be sustainable economic, ecological and community development. Society needs to be educated about ways in which they can use resources, especially natural, in such a manner that it doesn’t cause harm to the environment and put future generations lives at risk.
The sustainability of the ecosystems on which the global economy depends must be guaranteed. And the economic partners must be satisfied that the basis of exchange is equitable” (World). This quote demonstrates the complexities of sustainability. Another thing corporations should focus on when trying to be sustainable is their environmental impact.
Environmental pollution has always remained a serious problem in society today. Our planet is often being polluted by many toxins that are not only deadly to us, but our wildlife too. Environmental pollution leads to air pollution, environmental crisis, and global warming. Now there are many different ways that can help these topics be preventable. People need to understand what environmental sustainability truly is. Learning environmental sustainability will give people the tools and knowledge to help sustain our planet before it is too late. Planet earth is our home and people need to understand the damage being done to it. Understanding these important key factors will lead our planet to become healthier and a better place for life to live.