(Green Hotels & Responsible Tourism Initiative) The negative effect of Business Travel: • Co2 emissions • Traffic congestion when huge events are on e.g. bee exhibition in the RDS In the opinion of the author there is always going to be a need for Business Travel but there are ways in which it can be reduced to be more eco-friendly, it’s not always about the price or the outside of a hotel or airline it’s about what goes on behind close doors. Benefits of Corporate Social Responsibility in Business Travel According the MIT Sloan Management Review and the Boston Consulting Group, who posted a report in February 2012, stating that sustainability and Corporate Social Responsibility (CSR) has a permanent place on 70% of management agenda. The reason they believe that is behind this is that Sustainability and CSR activities are adding to profit. The study is based on 3,000 respondents who have made changes to their structure of the company and have seen an increase in their profits due to been more aware of the
One way of doing this is by ensuring that the benefits and costs of environmental measures are well balanced (European Commission, 2015). Previously, integrating environmental sustainability and economic development was regional or local, but now it is global (Jeremic et al, 2014). There is a compromise between the environment and economic growth due to desire of high growth and excessive use of resources that eventually cause pollution in the environment. An example of this is in poorer countries they depend highly on rivers for water, soil for food and forests for fuel, due to the fact they need these natural resources desperately, they have little choice but to overuse these resources (Awan, 2013). The main question to ask here is how we can continue to be sustainable when higher economic growth leads to higher exploitation of resources (Awan, 2013).
The responsibility of combining social, environmental and economic is important to the life of TATA Steel. Also, the responsibility of this company is to look after the welfare of the employees and sustainability of the environment. 7. History as per the case and provide argument on the PROS and CONS on the Tata Motors acquisition of JLR? ANS.
The bulk of corporations prioritize their wealth over the condition of the Earth beneath them. Economic growth is important for the people, yes; it is how we develop as a society, but at what cost? The Earth takes the brunt of society 's success, and denying the inevitable will not stop it from occurring. In fact, denying climate change will only harm society and the Earth further; because by denying it, those who deny climate change are willingly aiding the damage and the danger climate change brings. Climate change is denied is due to the prioritization of business and the economy.
On the consumer sides of things, a challenge can be figuring out the best way to sell a product or even get consumers. A challenge that is designed for innovative approaches that target new product development and Products- service systems are a challenge for current consumption and production patterns by rethinking consumer needs. So, a lot of the challenges in sustainability in corporations have to do with the obvious which is, the buyer, always has to remember to up your businesses ability in things so you are ahead of the competitors. In this article one of the challenges had to do with drastic changes in meeting consumer needs. “Companies incorporating D4S (design for sustainability) into long-term product innovation strategies strive to alleviate the negative environmental, social, and economic impacts along a product’s supply chain and through its life cycle—the ―cradle-to-cradle‖ mentality.” (“Design for Sustainability: Current Trends in Sustainable Product Design and Development.” Design for Sustainability: Current Trends in Sustainable Product Design and Development, 2009.)
Economic pillar is also being mentioned. It concentrates on the advancement of businesses in India. Likewise, India is exploding in population, thus the authors urged the importance on having a fairly sustainable economic model that guarantees profitable allocation of natural resources for a far more feasible economy. Furthermore, energy harvesting is also taken into account. This is crucial as it focuses on contemporary ways to obtain energy from useless waste by-products.
They believe that they will achieve it through a culture of excellence and teamwork by accomplishing the company mission. Eco World Development Group Berhad also wants to be known as the leaders and to lead with passion in pursuit of all world class product designs. ("Annual Report 2013," 2014). Eco World wishes to deliver unmatched service quality to their customers at all the times which is higher than the customers’ expectation. More than that, Eco World insists to compromise about their standards in building an environmental-friendly and ecologically-sound neighbourhoods.
Coca-Cola Enterprises believes that immediate action is to be undergone in regard to climate change one of the biggest risks for their organization. The organization recognizes the pert they must participate in addressing environmental impacts such as climate change. By saying this they are trying to grow a low-carbon company and motivate consumers and stakeholders to lead a better outlook for a more dependable future. Coca-Cola enterprises has come up with a strategy to reduce the carbon footprint of their organization. It focuses on three subjects; measuring the carbon footprint, setting targets and coming up with roadmaps to help reduce carbon and driving innovation.
These trees are habitats, destruction would lead to harmful consequences such as climate change or even aid Global warming. The issue is that we are destroying our know ecosystem. There will a time when will we suffer at the cost of our own doing, this is the time to stand for the sustainability of our planet. Thus it is our duty to find solutions to increase our planet’s sustainability instead of destroying it. Simple measures like going eco-friendly can make a
The primary ones are ,Firstly the planet and its people need a new system. Secondly there are different gaps in society. Lastly, there are significant benefits of implementing sustainable business approach in business. ( Helen Duce) It 's not just about going green or saving the earth but its rather deep rooted and about changing the outdated system that has lost trust of people to a more customer focussed system where it is not just about earning