Information, management and culture and procedures are important factors for sustainable manufacturing to be implemented in organizations. Sustainability can be addressed in all the phases of product development: Research, Development and Commercialization of a product. Intel is one company that strives to make its products sustainable throughout the 2-
The strategic connection of different components- parks, preserves, wetlands and other green spaces- is vital in maintaining the ecological balance. Further integrating green infrastructure with other developments related to smart cities helps in building a sustainable community. Critical public investment: The function and benefits of green infrastructure are well known. Recognizing the public benefits is an important first step in providing adequate funding. Green infrastructure provides solutions that address both human needs and benefit the environment and community.
If only environmental sustainability gave proven return on investment (ROI), it would be easy being green. Corporate executives would be echoing the same thing. The problem is, executives haven’t always connected the dots between the green of profit and the green of environmentalism.1 It is only in recent times, that we humans have been able to look beyond the obvious to understand the implications of not only not complying with sustainable development practices but rather more importantly knowing about the potential benefits of undertaking them. These practices, once viewed as a cost centre are now being identified as profit centres and measures to build both tangible and intangible values not only for a firm or a company but potentially an
This is a way to strengthen the corporate strategy by integrating the social conditions. The best way to be the good corporate citizenship is to specify clear and measurable goals, and to track their results over time. However, the company’s strategy should go beyond than just being the good corporate citizenship – this is regarded as strategic CSR implementation. Strategic CSR implementation provides the firm a unique position and a tandem compound that are involved in both “inside-out” and “outside-in” dimensions (Porter & Kramer, 2006). It is also highly important to integrate inside-out and outside-in practices.
Introduction Corporate social responsibility is an organizational philosophy, which primarily emphasizes on the significance of focusing on the best interests of the entire society. Corporate organizations have a responsibility to assess the societal and environmental impacts they cause, apart from the achievement of their organizational goals and objectives (Coombs & Holladay, 2012). In the early growth phases, business organizations focus mainly on the achievement of financial goals. However, as the businesses grow, they interact with a wider range of stakeholders, and have a role to play in the wellbeing of their employees, customers, and the entire society at large (Hawkins, 2006). For this reason, there is a need for business firms to
Green innovation is believed to provide continuous seeking ways to innovate each stage of supply chain in order to gain competitive advantage and decrease the environmental problems in industry . Hence, it can be considered that green innovation concept is underlying GSCM practices. It is supported by
Corporate social responsibility (CSR) is a form of corporate self-regulated business model and its policy functions as a self-regulatory mechanism which monitors and ensures its compliance with ethical standards and nature of law. CSR 's responsibility is to create positive impact on the environment and all the stakeholders. The basic objective of CSR in these days is to maximize the company 's overall impact on the society and stakeholders. Most of the companies have integrated the CSR policies and practices into their processes and operations. CSR programs ranges from community development to development in education, environment and healthcare etc.
Good Corporate Governance serves to decrease corporate dangers and embarrassments. A set of principles is basically kept up by all organizations and all standards of moral practices are imparted to the stakeholders. Along these lines, this research paper would empower a superior comprehension of the moral and corporate governance issues tormenting a percentage of the best organizations of the world. Section 205 of the Companies act 2013, deals with the functions of a company secretary. Further, Rule 10 of the companies (Appointment and Remuneration of managerial personnel) rules, 2014 discusses how company secretaries help to control and direct the organization to accomplish world class
According to Elkington (1997) there are three main pillars of sustainability, economic, ecological and social systems which benefit the future generation this is known as “triple bottom line” concept. These are characterized as sustainability which is ‘ecological sustainability’ and conceptualisation of sustainable development is a process of change that has sustainability added to its list of objectives (Lele, 1991). According to the World business Council for Sustainable Development stated that sustainability offers business the notion of being able to merge the environmental protection and socio- economic development with improved business performance (WBCSD, 2010). Sustainable development means a potential nascent green-tech venture in order to achieve triple bottom line of combined economic, social, and environmental value (Meyskens & Carsrud,