Dairy Farm Company Sustainability

1354 Words3 Pages
bulb-icon

Recommended: What are the effects of sustainability on the environment

Sustainability is one of the important things for company to be thinks of and maintain it in order to make the company sustainable. There are 3 factors for company sustainability, those factors are; Economic, Social, and Environments. In this report, the company is Dairy Farm international holding Ltd to be identified their sustainability.
The result of this report is that Dairy Farm international holding Ltd. has done well on their sustainability of the company. We can see that by looking to their effort in social environment event and also from their financial performance as the part of the indicators for sustainability. One of keys indicator in environment is that Dairy Farm is care with the environment by their Green Ambassador programme. The purpose of the programme is to promote energy conservation and plastic bags reductions. Even though they are doing well on this sustainability key indicator, they are still needed to keep improving their sustainability so that they can keep sustainable in the future. One of the suggestions in this report is they are suggested to keep on the good financial performance and keep improving it in order for them to keep sustainable in the future.

Introduction

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.

Dairy farm group is a leading pan-Asia retailer. In December 2013, based ...

... middle of paper ...

...lity of their company and also for their CSR. However, some improvement and innovation are still needed to make Dairy Farm more sustainable in the future. The suggestions for the future of sustainability of Dairy Farm are; first, it would be good if they have one green policy that every member of dairy farm group should follow it. Second, there are a lot of things that we can do in environment factors for sustainability, for instance they could implementing the 3R (Reuse, reduce, recycle). Third, regarding the financial performance they need to remain the good performance and also keep improving the financial performance in order to make the business more sustain the future. Fourth, in term of social factors they can provide training, more safety to their employee and make more social event like charity etc. With all these the can be more sustainable in the future.

Show More
Related

  • Brewing Change at Breckenridge Brewery

    1661 Words  | 4 Pages

    It will be advantageous for the company if they can project themselves as responsible corporate citizen and an environment friendly company. Social enrichment schemes, recycling schemes and educational funds can be initiated to cater to this cause and long term goal.

    Read More

  • Riordan Manufacturing and Strategic Planning

    1907 Words  | 4 Pages

    Wheelen, T. L., & Hunger, J. D. (2010). In Concepts in Strategic Management and Business Policy Achieving Sustainability, Twelfth Edition. Pearson Education.

    Read More

  • Place Strategy for Dairy Farmers Milk

    1268 Words  | 3 Pages

    There is a food court on level 3, and more than 15 caf© shops are

    Read More

  • Clover Valley Dairy Case Study Summary

    824 Words  | 2 Pages

    Your valuable suggestions are much appreciated and are really very helpful in what we are trying to do here. I want to share my thoughts about the market testing we want to conduct and also discuss with you the ideas you have proposed, with the objective of finalizing them and ensuring we have the right approach for this initiative. I have outlined below my thinking on key aspects for your consideration, with the objective of ensuring the right strategy for this key initiative at Clover Valley.

    Read More

  • The Sustainability Strategy of Nike Company

    2752 Words  | 6 Pages

    This paper critically analyzes Nike company sustainability strategy. Every investor or a group of investors wishes to see the business profitable at the current time as well as having good prospects for future (Werbach, 2009). For this reason, business sustainability strategy is very important. A strategy is a plan that guides the company or a business firm towards a certain direction or set goals. Thus, sustainability strategy is an action plan that a company set in order to maintain the plan toward the achievement of company’s goals in future. Sustainability strategy puts into consideration aspects such as the source of raw materials, competition, human resource development, and sustainability, and the general business environment. Thus, in evaluating a business’ sustainability, it is important to consider the business planning in this direction (Heslin and Ochoa 2008)

    Read More

  • The Concepts of Sustainability

    2727 Words  | 6 Pages

    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

    Read More

  • The Purchasing Process of Woolworths

    631 Words  | 2 Pages

    Svensson, G. and Wagner, B. (2012b), “Implementation of a sustainable business cycle: the case of a Swedish dairy producer”, Supply Chain Management: An International Journal, Vol. 17 No. 1, pp. 93-7

    Read More

  • Background Study Of Milk Industry

    2023 Words  | 5 Pages

    ...of growth. The future may also see the dairy industry, increasing its physical presence in key export markets where its products have achieved substantial market shares. Dairy processors predict trends that will have the greatest impact on dairy farming and manufacturing in the next five years:

    Read More

  • The Importance Of Sustainable Human Resource Management

    835 Words  | 2 Pages

    7). Their definition was as follows: “ It is in the hands of humanity to make development sustainable… to meet the needs and aspirations of the present without compromising the ability of future generations to meet their own. (SHRM, 2011, p. 7).” Sustainability is the organization’s commitment to balance financial performance with contributors to the quality of life of employees, society at large, and environmentally sensitive initiatives (SHRM, 2011, p. 2). Workplace sustainability requires observation of the following: work force diversity, environmental impact, bribery and corruption, community involvement, ethical sourcing of goods, human rights, product safety, and product usefulness (Epstein & Roy, 2001, p. 588). Creation of a stable, sustainability culture can support the company’s efforts to reach its long term goals; however, sustainable practices are more often found in medium and large staff-sized organizations, publicly and for-profit companies and multinational companies (SHRM, 2011, p.

    Read More

  • Agricultural Industry-Lipton Tea

    1326 Words  | 3 Pages

    Sustainable development at its core contains three main elements: Environmental Protection, Social Equity and Economic Growth a concept often referred to as the triple bottom line: Business that looks to its impacts in terms of finance the environment and people. In agricultural sustainability we are in fact considering the effects of the agricultural sector on these three factors, sustainable agriculture has to be able to preserve the environment, control and protect the energy, water and soil while enhancing the well-being of the farmers in a safe climate relieved from any surroundings that might threaten the health of the workers while ensuring high quality products. While the two terms ‘sustainability’ and CSR had been used interchangeably some authors like to distinguish their meaning stating that sustainability only comes to light to justify the existence of CSR and as a concept represents the ways of doing business and the responsibilities undertaken by the companies regarding their impact on the environment and society as a whole. The industry faces with many challenges few mentioned as main issues are: environmental protection related mostly to resource scarcity, working conditions and health standards.

    Read More

  • Disadvantages Of Green Economy

    897 Words  | 2 Pages

    But, integration of green economy is a slow-moving process which is substantiated by small initiatives and investments in pursuit of a prolonged effect. It requires slow redefining of the business model by inculcating key sustainable agents. Thus the transition needs to be carefully strategized and timed to manoeuvre the business towards sustainable development. It requires adoption of new skills, continuous innovation, risky investment and change in the value proposition. Some of the key business actions that need to be adopted in attempt of a green makeover are:

    Read More

  • Ethics And Values In Business Sustainability

    649 Words  | 2 Pages

    Business sustainability consists of three components, these are: social, economic and environmental. The business has to consider these three components as the business must make a maximized profit (economic) but must not in any way damage the environment in the long term (environmental). The business must also take care of social issue and people and communities as they are support the business.

    Read More

  • The Benefits Of Sustainable Agriculture

    2176 Words  | 5 Pages

    (The Sustainability of Irish Agriculture, n.d.) Sustainability is very important on my home farm. Practices have been put in place that won’t cause harm to the environment. My home farm is a small, family enterprise and I feel that new approaches are needed in order to maintain the farms sustainability status. Non-renewable inputs that are harmful to the environment or to the health of farmers should be minimised. As well as this, farmers have knowledge and skills that could be put into use, therefore substituting human capital for costly external outputs. Sustainable agriculture outcomes can be positive for food productivity, reduced pesticide use and carbon balances. (Agricultural Sustainability: concepts, principles and evidence, 2007) In this essay, I will discuss the principles and practices of sustainable agriculture, identifying how they may relate to my home farm. I will then discuss whether or not present activities can change to more sustainable methods in the

    Read More

  • Reflection Paper On Sustainability

    833 Words  | 2 Pages

    Sustainability simply defined to me as balancing act between the development of sustainability is necessary for both planet Earth and humans to survive. This is reinforced in the World Commission on Environment and Development report (1987) that sustainable development must meet the needs of the present without compromising the well-being of future generations”. The Earth Charter Organization widened the idea of sustainability to respect for a culture of peace, universal human rights, nature, and economic justice (What is sustainability?, n.d.).

    Read More

  • Green Manufacturing Essay

    1072 Words  | 3 Pages

    “Get Smart About Green Manufacturing” is the tittle of the first article. The contents of this article is about how to minimize manufacturing’s environmental impact. Nowadays, they are many company that already involved in green initiatives. In order to continuous improvement, they have to reduce the environmental impact. There are some options to make manufacturing operations more green or getting green, such as taking a class, hiring a consultant or reading about well-known and successful companies. One company should set their goals and target so that they can see and check their track improvements. Besides, it also can help manager who in charge in facilities to assure the accounting department to invest in new technologies, when necessary. The company who has not take green steps in manufa...

    Read More

More about Dairy Farm Company Sustainability

Open Document