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    Sustainability and Strategic Audit Oct. 28

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    BOMIEL Jaymar L.
    Sustainability

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    Sustainability and Strategic Audit Oct. 28

    Uploaded by

    BOMIEL Jaymar L.
    2 views10 pages
    Sustainability

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    PPT-Sustainability-and-Strategic-Audit-Oct.-28

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    Sustainability

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    2 views10 pages

    Sustainability and Strategic Audit Oct. 28

    Uploaded by

    BOMIEL Jaymar L.
    Sustainability

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 10

    SUSTAINABILITY IN BUSINESS

    SUBJECT: SUSTAINABILITY AND STRATEGIC AUDIT


    PROFESSOR: MS. CAROLINA T. BOSQUE
    DATE: October 28, 2024
    DEFINITION OF SUSTAINABILITY IN BUSINESS
    Sustainability in business refers to a
    company’s commitment to operate in a way
    that minimizes its negative impact on the
    environment and society while maximizing
    its positive impact. It involves integrating
    environmental, social and governance (ESG)
    considerations into every aspect of the
    business, from product design and sourcing
    Why does Sustainability in Business matter?

    • Ethical Responsibility: Businesses have a


    responsibility to operate in a way that doesn’t
    harm the environment or exploit people.
    • Long-term Viability: Sustainable practices
    ensure the long-term viability of businesses by
    conserving resources, reducing pollution and
    fostering a healthy society.
    Why does Sustainability in Business
    matter?

    • Competitive Advantage: Consumers are


    increasingly demanding products and
    services from companies with strong
    sustainability credentials.
    • Investor Appeal: ESG investing is on the
    rise, with investors seeking companies that
    demonstrate responsible practices.
    Why does Sustainability in
    Business matter?

    • Employee Engagement: Employees are more


    likely to be engaged and loyal to companies that
    prioritize sustainability.
    • Innovation and Efficiency: Sustainability
    initiatives often lead to innovation and efficiency
    improvement, reducing costs and boosting
    profitability.
    Key Aspects of Sustainability in
    Business
    • Environmental Sustainability: Reducing the
    company’s environmental footprint through
    measures like energy efficiency, renewable energy
    adoption, waste reduction and suatainable sourcing.
    • Social Sustainability: Promoting fair labor
    practices, ethical sourcing, community engagement,
    diversity and inclusion within the workplace.
    •Resource Efficiency: Sustainable resource management practices optimize resource use, leading to cost savings and economic efficiency.
    •Resource Efficiency: Sustainable resource management practices optimize resource use, leading to cost savings and economic efficiency.

    Key Aspects of Sustainability in


    Business
    • Governance Sustainability: Implementing
    strong corporate governance practices,
    transparency in reporting and accountability
    for ethical conduct.
    Steps in Creating a Sustainable
    Business Strategy
    1.Assess the problem: Identify the company’s
    current environmental and social impacts and
    define its sustainability goals.
    2.Establish a mission: Create a clear mission
    statement that reflects the company’s
    commitment to sustainability.
    Steps in Creating a Sustainable
    Business Strategy
    3. Craft a strategy: Develop a comprehensive
    plan that outlines specific actions to achieve
    sustainability goals.
    4. Implement and assess: Put the strategy
    into action and monitor progress, making
    adjustments as needed.
    Opportunities in Sustainable Business
    • Develop Innovative Solutions: Sustainability often
    drives innovation and the development of new technologies.
    • Build Brand Loyalty: Consumers are increasingly
    attracted to companies with strong sustainability
    commitments.
    • Attract and Retain Talent. Sustainability is a key factor
    for many job seekers, making it easier to attract and retain
    top talent.

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