Identify and reduce the impact of the organisations activities on the

Identify and reduce the impact of the organisations

This preview shows page 3 - 4 out of 4 pages.

1)Identify and reduce the impactof the organisation’s activities on the environment. Implement hazard identification and reduction of likelihood of adverse incident and re-engineering of processes. Have an effective 2) Adopt the concept of Environmental Sustainability as a philosophical approach. 3) Commit to enhanced Sustainability Reporting to stakeholders to demonstrate goodwill and commitment to ESG principles. Environment sustainability ( Q6*2: Concept of environment sustainability and benefits) - Definition: Environmental sustainability is defined as responsible interaction with the environment to meet the resource and services needs of current and future generations without compromising the health of the ecosystems that provide them. 环境可持续性被定义为与环境的负责任互动,以满足当代和后代的资源和服务需求,同时不损 害提供这些资源的生态系统的健 - 6 Economic benefits of adopting environmentally sustainable practices 1) Encourages business process re-engineering with improved efficiency and lower costs using fewer resources including greater energy efficiency, improved waste management, lower cost transportation and packaging 2) Increases competitive advantage where customer buying preferences favour businesses with a better environmental performance 3) Encourages innovation of new products and services that meet the increasing demand for socially and environmentally conscious alternatives and adaptability to meet changes in the environment
Image of page 3
4) Contributes to management actions which prevent attracting greater regulatory supervision and/or penalties and fines 5) Increases the ability to attract talent and be an employer of preference 6) Improves stakeholder engagement and decreases reputational risk - Example of environmentally sustainable business practices 1) Ikea: supply chain: 50% of wood is from sustainable forestry and 100% of cotton from farms that meet mandated reduced levels of water, energy and chemical. Encourages business process re-engineering; 2) Unilever: Sustainable Living Plan target for sourcing, supply chain and production on everything from energy and water use to treatment of suppliers and communities where they operate. Encourages business process re-engineering 3) Nike: used recycled material in products and redesigned boxes to reduce packaging waste. Encourages innovation of new products
Image of page 4

You've reached the end of your free preview.

Want to read all 4 pages?

  • Three '16

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture