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what are the effects of sustainability on the environment
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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 ...
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...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.
In relation to sustainability, more and more this aspect is becoming very important for a company’s bottom line and for them to differentiate themselves from their competition that fails to establish a sustainability program. In a macro sense, it ethically responsible to establish a sustainability program to identify ways that the firm can make a difference globally and reduce their overall expense and
Stakeholders and investors are no longer only interested in financial performances, they are interested in the governance of the company like what business practices and business models are implemented, social performances, how the company is giving back to society, how costumers are handled, environment and how diversity at work placed is addressed. Hence relevant information must be provided to the stakeholders to assure them that the company has a sustainable business model (Ridehalgh, 2012).
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.
Improving sustainability within the firms upgrades talented workers to be more proficient and profitable as a factor of their commitment to the organization. It is comprehended that organizations pay special mind to reasonable procedures as there can be an orderly way to deal with spotlight on business targets like decreasing expense of job,, expanding income, overall industry and benefit et cetera (Bob Willard 2012). Thus, firms can hope to produce better profits for their speculations for their partners and shareholders and enhance the organization’s advancement sustainability is
Sustainability is an “enduring and balanced approach to economic activity, environmental responsibility and societal benefit”- Tata Steel. Sustainability is about meeting the ...
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.
In food service it is important to realize and address hot button issues within the industry to begin to understand what the target market wants, increase revenue and decrease cost centers. In researching the increasingly pressing issue of food sustainability in global food service it was discovered that implementations are initially expensive and require large amounts of dedication but are ultimately huge factors in increasing brand loyalty and recognition and gaining popularity within the “green” market segment. It was the goal of this paper to outline specific concerns posed by the issue of food sustainability as well as methods of the industry’s participation in its solutions and to analyze the progress made to increase awareness of the issue among staff, suppliers and customers. Ultimately, it was found that restaurants are escalating their dedication to the trend in multiple areas of operations including: operational systems, waste management, and service.
Traditionally, financial reporting discloses only financial information to determine its financial performance. However, nowadays, success of one business is no longer solely depending on monetary gain, instead the impacts of companies’ activities have on society and environment as a whole is highly important. This trend has come across to increase the public expectation for organization to take responsibility for their non-financial impacts for example the impacts on the environment and community. Hence, Triple Bottom Line (TBL) which was first described in 1994 by John Elkington can be an ideal integrated approach that fit in to this approach in order to support the sustainability growth of the companies. Triple Bottom Line incorporate three dimension of performance and measurement namely social (people), environment (planet) and financial (profit) which attached to the theory of sustainable development reporting. It is an expansion of the traditional performance framework as it takes into consideration not just financial outcome but also social and environmental performance that businesses are dealing with. The explanations of the three pillars are as follow.
With today’s development of society, an increasing number of people focus on natural resources and sustainable, restaurants are seeking a new way to establish a sustainable strategy. The case study describes sustainability and analyze its impact within the industry, using McDonald’s as main case study.
A globally sustainable organization has the ability to meet the needs of present without compromising the ability of future generations to meet their needs. Organizations are getting more and more concerned with sustainability and corporate social responsibility. A sustainable organization always give importance to the economic, social and environmental benefits when doing business. Instead of only looking for economic bottom line such as profits and shareholder returns, global firms need to pursue a balanced set of “triple bottom line”, which consists of economic, social, and environmental performance, and satisfy the demands of all stakeholder groups. A stakeholder is someone who is dependent on or affected by organizational
Sustainability is about the planet- healthy relation among people, profit and planet. Individual effort to earn money by business activity in the earth should be harmless to environment where it operates and beneficial to the people surviving in that society.
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.
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
and also supply lamb to local butchers. This can sometimes prove to be a costly enterprise for
In this assignment I will conduct a detailed analysis for sustainability issues of the whole value chain from farm to shop for “Kwik Koffee” company. Our goal is to meet consumers with unique coffees whose crops do not adversely affect the environment and humans. Bearing in mind the superior quality and the distinctive flavors of these cafes, we seek to contribute to sustainability by enhancing these coffee producers in harmony with sustainable practices. Sustainability is a production model that aims at delivering better economic results for both human and the natural environment (Kuhlman and Farrington, 2010). “Environmental sustainability means ensuring that the overall productivity of accumulated human and physical capital resulting from