“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 …show more content…
Now we will simply jump to another dimension of sustainability – the environment. An interesting metaphor is found in the following excerpt: “Swedish Match ‘s water footprint is low”. It is a direct transfer of meaning from something obvious and concrete such as a footprint to something abstract such as the impact of the company on water resources. It indicates that the company conducts business in a responsible and sustainable way with minimum repercussions for the natural resources. Even though companies are considered to be mainly profit-seeking, through this metaphor they encourage us to draw the conclusion that the environmental impact is deliberately tracked across the value chain on a regular basis so as to keep a balance between the business operations and their consequences on the planet. Consideration of the Planet, the third P of sustainability, is brought up to show that Swedish Match is following global trends that shape the future, because without water there is no …show more content…
For this reason, they state: “ The Company is impacted by and impacts a broad area of sustainability-related factors, including issues related to its role as a tobacco company, addressing, for example, relative risks of tobacco on health as well as providing less harmful alternatives to cigarette smoking”. In this case, they describe the company as it was an influential leader, capable of impacting and addressing serious societal issues on his way of making his vision a reality. The fact that in the annual report this excerpt is followed by mentioning “human rights issues”, “community initiatives”, “education and training” simply tells of the purpose of the company to show their huge contribution to the general
Sustainability is the practice of running a business in such a way that it has no negative impact on the environment, community, or society (Spiliakos, 2018). The goal of sustainability should be to have a positive impact on the world and to demonstrate the positive impact that a company has on the environment and society.
It is regularly named as one of Canada’s best employers and is also a consistent name among the Canada’s greenest employers. The corporation’s concern for a greener environment and the sustainability measures that it adopts for this purpose can be understood with help of the following
This day and age, change has become the new norm that shapes and develops the business world and global economy. A rising topic that has shepherd the direction of innovation is climate change and environmental awareness. The sustainability of a company encompasses their ability to manage social and environmental risks, obligations and opportunities. This concept is important for managers and to understand and implement because of government regulations and potential cost efficiency. In Oregon, there are numerous companies that express the importance of being sustainable.
This website is the homepage for the largest tobacco and smoking company in the United States. Resources include ingredient lists for cigarettes, health issues, legislative and regulatory issues. “Smoking.” Opposing Viewpoints in Context. N.p.:
An overall goal of Healthy People is to enhance the health of all population, predicted reduction for lung cancer from 2007 to 2020 is 10% (Cuyahoga County Board of Health, 2016). According to Center for Disease and Prevention (CDC) (2016), the Healthy People 2020 focuses on three main points when it comes to tobacco use. The first main area that Healthy People 2020 is focusing on when it comes to tobacco use is implementing policies to decrease the tobacco use, especially in younger generations (CDC, 2016). The second area of focus is on health system changes by increasing accessibility, affordability to smoking cessation treatments and resources (CDC, 2016). The third focus is on implementing policies to make tobacco less affordable, to limit publicizing, and to inhibit sales to underage population (CDC,
Legitimacy theory is a “positive theory” that asserts that businesses are bound by the implicit “social contract” that the corporation agrees to perform that are specifically relating to social and environmental issues (Rankin, et al. 2012, 142). To remain congruent with societal values in which it operates, a corporation can address attributes that relate to this theory through voluntary social and environmental disclosures made on platforms like its annual report (Coebergh 2011, 65). Virgin Australia has various groups of important stakeholders who can affect or is affected by both the actions and activities of the corporation (Laasch and Conaway 2014, 97). They are namely, guests, employees, investor groups and shareholders, unions, non-government
Modern day businesses have to be socially responsible; actions are taken to satisfy customers who might have a cause that they care deeply. Social responsibility occurs when a person or a company acts in an ethical and sensitive way towards important social issues of the day such as economic, environmental, and cultural concerns. Many businesses have a section of their website or business literature dedicated to social responsibility. Companies proudly detail the steps they are taking to address concerns that people have with the environment and economic issues. Having companies act in a socially responsible way is necessary because their actions have a tremendous positive impact on society.
Corporate social responsibility: It has started an initiative in which it gives one percent of its revenue i.e. sales, to grassroots environmental organizations. Not only that, but also it has convinced 1,400 other companies to join this "1% for the Planet" initiative which he refers to as an Earth tax. This helps it to make a positive contribution to the environment thus achieving its strategic goal. Benefits: a.
Evidently, environmental sustainability is the crown jewel that will be the hallmark of my success. Yet, it is already an immense component of my life. Recently, I have pledged to live my life by the expectations I have for the world. I use as little electricity as possible, use cold water whenever possible, and reduce my carbon footprint with every step I take. Clearly, environmental sustainability is a trait of mine that is one step short of genetic.
Another main goal for them includes respect to the earth and the environment. Their economic mission claims that they want their company to work on a sustainable financial basis with the intentions of profitable growth, and to increase
Introduction Sustainability has been mentioned as a goal of businesses. During the mid 1990s John Elkington created the triple bottom line plan under the concept of sustainability. Sustainability can be defined in many ways, but the simplest way is “Ability to sustain” (Sustainability, 2010). The triple bottom line is an accounting framework, and there are three dimensions of sustainability among them people, planet and profit (3Ps). The concept of TBL is to measure the profitable, social and environmental performance of the company.
1.1 Background Indonesia is one of the developing countries that have high levels of consumption and production of cigarette. Variation product and price cigarettes cause Indonesia has become one of the producers and consumers cigarette the largest in the world (Anies, 2006). According to the Director of the Directorate General of Customs and Excise, Frans Rupang, permitting the establishment of a cigarette production is relatively easy. Now we have at least 3,800 cigarette factories, including home-based classes. The amount was the largest in the world (http://bisniskeuangan.kompas.com accessed 25 April 2015).
The actual genuine value of conducting business that inspires creativity, further cooperation and facilitates efficiency. Balancing people needs and long-term economic development as well as sustainable marketing these aspects lead to strength and faith in companies while they make use of less resources and funds. On an operational basis, sustainable marketing aims at making use of social evolution and customer behavior. This results to the achievements of long-established profit options. Finally, it is meant to provide services and goods through the management that is done in a responsible way.
The conclusion conveyed at the end of this paper, will be that sustainable development is a concept with weaknesses however, the strengths outweigh them. To begin with, the concept of sustainable development famously culminated in 1987 with the United Nations 'Commission on Environment and Development ' also known as the 'Brundtland Report ' (Everard & Longhurt, 2017; pp. 1244). The article introduced, the most widely known definition of Sustainable development as "Development that meets the needs of the present without compromising the ability of future generations to meet their own needs" (World Commission on Environment and Development, 1987).
Goal Intended application This project aims to evaluate the environmental impacts of processed tobacco and cigarette paper production starting from acquisition of raw materials leading up to the product use by the consumer. This life cycle assessment can be used by a hypothetical health organization to educate people addicted to tobacco by underlying in detail the various health and environmental effects caused by cigarette production and consumption. Reason