Business: The Importance Of Sustainability Principles

Encouraging transparency and product quality is a good practise for the business as well as society. The company believes that all people deserve safety, healthy working environments that are free from pressure. So they have come up with a liable sourcing driver and collaborative initiatives which helps the pride and respect for men and women who works in the organisation. Strengthening local communities which was establishment local communities will make value for the business as well as society. A good community’s stand-in social firmness and more inclusive economic growth will help in turn support a better customer base, assistant talent pool and supplier base for the business.

Firms which are managing environmental affairs their relations with consumers, vendors, regulators, and other industries are increasing and improving their sustainability to the success. The environmental strategies include developing green business, divesting environmental-damaging business, Struggle to become low cost producer, through energy conservation and waste minimization, and implementing different strategy through green product features. The firms can include environmental representative in their board of directors, announce bonus for the favorable environmental results, establish environmental oriented objectives, include environmental values in mission statements, and provide environmental training program for firm managers and employees. WHY FIRMS SHOULD “BE GREEN”

Everyone will logically be obligated to imbibe the principles of CSR towards the workplace and stakeholders. This corporate action will eventually lead to the community development and improved quality of lives of its citizens. Furthermore, will vehemently resist any known unethical behavior perpetuated within or outside the workplace. To that effect, I will institute an ethical code of conduct that will elaborately spell out what is expected from employees within the workplace and outside the workplace.

We, at LG Electronics, will: 1) Comply with international conventions, standards, and local laws associated with the environment and engage in voluntary activities to improve the environment. 2) Develop and implement a system to reduce greenhouse gas emissions, measure and improve the performance of this system, and always make the results available to the public. 3) Identify and meet the needs of green consumers, by promoting the sustainability of our products and stimulating the consumption of greener

CORPORATE SOCIAL RESPONSIBILITY Zodiac Aerospace intends to conduct a strong social policy based on integration through employment, respect for equality of opportunity, combating discrimination and promoting diversity. This mainly reflects the principles and values of the company. Zodiac Aerospace group operates in relation to its employees, clients and partners as an organization free of any form of discrimination. Stakeholder analysis of the company Zodiac Aerospace follows two main guiding principles in analyzing stakeholders: • Recognizing the responsibility of members of the Supervisory Board towards the Group’s shareholders • Increasing the group’s footprint on its global environment and consideration for all parties involved.

When we refer the environment in business we must think about how humanity can create businesses that will impact the world, without hurting the environment. In the employment area companies usually need to pay close attention to important points and situations that may affect people and not just their collaborators or the areas where the company and its headquarters are located. The responsibility with community, safety, health includes the support for social initiatives through support and projects that encourage cultural education, sport and citizenship and preservation of the environment that builds the lasting relationship with the contribution to the economic and

“In a truly great company profits and cash flow become like blood and water to a healthy body: They are absolutely essential for life but they are not the very point of life”–Jim Collins. This quote points to the fact that the long-run success of the business is found in a balanced combination between profit-seeking and sustainability goals. As the Corporate Sustainability section of Swedish Match illustrates, responsibility and sustainability embraced by a culture of transparency across the value chain are the two main pillars of successful operations. In the following paragraphs, the Corporate Sustainability report of Swedish Match will be discussed from a metaphor perspective in an attempt to outline the main messages this report aims to

A company that starts by showing care and responsibility towards their employees is more likely to exhibit credibility when carrying out corporate social responsibility with external stakeholders and the community in which the company

They have committed to the principles of sustainability in their growth model and have taken various steps to help enhancing and conserve natural environment. They believe in creating sustainable solutions to enrich their stakeholder by generating values apart from innovating new product and services to improve quality of life and performance. They have their strong fundamental philosophy of Growth is Energy, Growth is Value, Growth is Happiness, Growth is Life which helps them to shape up their vision towards society. Reliance place sustainable development at the core of their business and aligned their sustainable strategy to their business goals. Their concern for safety, environment, and stakeholders are taken into account during their decision to build and develop projects.

The company is fully committed to assuming its responsibilities with respect to workplace health and safety by carefully managing hazards-either eliminating or diminishing them – reducing work-related accidents and illnesses, and measuring its

Transparency can be defined as about being open, honest, and responsible in the way someone carries on their business. This mean sharing, to whatever extent possible, fact about the company on how it is set up, how it operates, what is salaries and bonuses are based on and how its workers are expected to treat customers and each other. Transparency important for the long-term health of a company because it is to avoid damage reputation of the business, attract and retain good employees, boost employee morale, trust and loyalty and for longer term business performance and sustainability. Transparency can be included trustworthiness of a company and company relations. It is important for a company to take into consideration and be responsible to the needs of all organization’s employees and other economic agents because it can give serious impact for the future of an organization.