Contents
Acknowledgment: ......................................................................................................................... 2
Introduction ................................................................................................................................... 2
01. In recent years, sustainability has become an increasingly important issue for businesses
around the world. .......................................................................................................................... 3
02. Sustainability is a multifaceted concept that encompasses environmental, social, and
economic dimensions. ................................................................................................................... 5
03. In today's world, sustainability practices in businesses are becoming increasingly
important. ...................................................................................................................................... 6
04. Sustainability has become a critical issue for businesses in recent years, as consumers and
stakeholders increasingly demand environmental and social responsibility. ......................... 8
05. Sustainability has become an increasingly important issue for businesses, and measuring
and reporting on sustainability performance has become a critical part of business
operations....................................................................................................................................... 9
06. As sustainability becomes an increasingly important issue for businesses, it is important
for businesses to evaluate their existing position with regards to sustainability practices. . 11
07. Sustainable practices are becoming increasingly important for businesses to adopt. .... 13
08. The implementation of sustainability practices in business has become increasingly
important as organizations recognize the impact they have on the environment, society, and
the economy. ................................................................................................................................ 15
Conclusion ................................................................................................................................... 16
References .................................................................................................................................... 17
Acknowledgment:
I understand the significance of sustainability in the current global context and how it affects
businesses across various industries. Through this essay, I have aimed to address key dimensions
of sustainability, including environmental, social, and economic practices, as well as the relevance
of various drivers of sustainable practices.
I have also highlighted the barriers or challenges businesses face in implementing sustainability
practices, and discussed the various performance measures used to measure sustainability. In
evaluating the status of a business in relation to sustainability, I have emphasized the importance
of choosing appropriate sustainability practices and assessing their implications on business
operations.
Finally, I have evaluated the implementation of sustainability practices in a chosen business,
providing an overview of the current status and identifying opportunities for improvement. I hope
this essay serves as a useful resource for individuals and organizations seeking to understand the
importance of sustainability in business and the steps needed to create a more sustainable future.
Introduction
In recent years, sustainability has become a critical issue for businesses across the globe. The
concept of sustainability refers to the ability to meet the needs of the present generation without
compromising the ability of future generations to meet their own needs. In the context of business,
sustainability is increasingly recognized as a key driver of competitiveness and long-term success.
This essay aims to provide an in-depth analysis of the relevance of sustainability to business. It
will critically assess the key dimensions of sustainability, including environmental, social, and
economic practices, and discuss the various challenges and barriers businesses face in
implementing sustainable practices. Additionally, the essay will evaluate the relevance of various
drivers of sustainable practices and highlight the appropriateness of different sustainability
practices.
Furthermore, the essay will explain the various performance measures used to measure
sustainability, as well as their importance in reporting sustainability. The status of a business in
relation to various sustainability practices will also be evaluated, with a focus on identifying
opportunities for improvement. Lastly, the implementation of sustainability practices in a chosen
business will be evaluated, with a particular emphasis on the business-related implications of
sustainability practices.
In conclusion, this essay aims to provide a comprehensive understanding of sustainability and its
relevance to business. By providing a critical analysis of key dimensions and drivers of sustainable
practices, as well as the challenges and opportunities in implementing sustainable practices, this
essay aims to serve as a valuable resource for businesses seeking to create a more sustainable
future.
01. In recent years, sustainability has become an increasingly important issue
for businesses around the world.
With global challenges such as climate change, resource depletion, and environmental
degradation, companies are recognizing the need to adopt sustainable practices to ensure longterm viability and to minimize their impact on the environment. In this essay, we will explore the
relevance of sustainability to businesses and discuss the benefits of sustainable practices.
Sustainability refers to the ability to meet present needs without compromising the ability of future
generations to meet their own needs. It encompasses a range of issues, including environmental
protection, social responsibility, and economic viability. Businesses have a significant role to play
in promoting sustainability, as they have a considerable impact on the environment and society.
By adopting sustainable practices, businesses can reduce their environmental footprint, minimize
waste, conserve resources, and promote social equity. (Anon., n.d.)
One of the most significant benefits of sustainability for businesses is cost savings. Sustainable
practices often involve reducing waste, conserving resources, and improving energy efficiency.
By adopting these practices, companies can reduce their operating costs and improve their bottom
line. For example, a company that switches to renewable energy sources can reduce its energy
costs and improve its profitability over time.
Sustainability can also enhance a company's reputation and brand value. Consumers are
increasingly concerned about the impact of products and services on the environment and society.
By adopting sustainable practices, businesses can differentiate themselves from their competitors
and attract environmentally conscious consumers. A company that is seen as environmentally
responsible and socially conscious is more likely to build trust and loyalty with its customers.
Another benefit of sustainability for businesses is risk mitigation. Climate change, resource
depletion, and other sustainability challenges pose significant risks to businesses. By adopting
sustainable practices, companies can mitigate these risks and ensure long-term viability. For
example, a company that relies heavily on fossil fuels may face supply chain disruptions or
regulatory risks in the face of climate change. By investing in renewable energy sources and
reducing its carbon footprint, the company can reduce these risks and ensure its long-term viability.
(Anon., n.d.)
Sustainability can also promote innovation and creativity within businesses. Sustainable practices
often require companies to rethink their processes, products, and services. By adopting sustainable
practices, businesses can create new products and services that are more environmentally friendly
and socially responsible. For example, a company that produces eco-friendly products may find
that it can tap into a growing market of environmentally conscious consumers and gain a
competitive advantage.
sustainability is highly relevant to businesses in today's world. By adopting sustainable practices,
companies can reduce their environmental footprint, minimize waste, conserve resources, and
promote social equity. Sustainability can also lead to cost savings, enhance a company's reputation
and brand value, mitigate risks, and promote innovation and creativity. As sustainability becomes
increasingly important to consumers, businesses that fail to adopt sustainable practices may find
themselves at a competitive disadvantage. Therefore, businesses should embrace sustainability and
work to create a more sustainable future for themselves and for future generations.
02. Sustainability is a multifaceted concept that encompasses environmental,
social, and economic dimensions.
The three dimensions of sustainability are interrelated and must be addressed simultaneously to
achieve long-term viability. In this essay, we will critically assess the key dimensions of
sustainability and the practices within each. (Anon., n.d.)
The environmental dimension of sustainability focuses on the protection and conservation of
natural resources and ecosystems. This dimension is concerned with reducing the negative impact
of human activities on the environment and preserving natural resources for future generations.
Practices within this dimension include reducing greenhouse gas emissions, conserving water and
energy, promoting renewable energy sources, and reducing waste.
One of the most effective practices within the environmental dimension is the adoption of
renewable energy sources. By reducing reliance on fossil fuels and switching to renewable energy
sources such as solar, wind, and hydro power, companies can reduce their carbon footprint and
contribute to mitigating climate change. Another important practice within the environmental
dimension is the implementation of sustainable waste management practices. By reducing waste
and promoting recycling and composting, companies can reduce their environmental impact and
conserve natural resources. (Anon., n.d.)
The social dimension of sustainability is concerned with promoting social equity, human rights,
and fair labor practices. This dimension is focused on ensuring that businesses operate in a way
that benefits society as a whole and promotes social justice. Practices within this dimension include
promoting diversity and inclusion, protecting human rights, ensuring fair labor practices, and
supporting local communities.
One of the most effective practices within the social dimension is the adoption of fair labor
practices. This includes ensuring that workers are paid fair wages, have access to safe working
conditions, and are not subject to discrimination or exploitation. Another important practice within
the social dimension is the promotion of diversity and inclusion within the workplace. By creating
a diverse and inclusive work environment, companies can benefit from a range of perspectives and
ideas, and create a more equitable workplace culture.
The economic dimension of sustainability is concerned with creating economic value while
minimizing negative impacts on the environment and society. This dimension is focused on
ensuring that businesses operate in a way that is financially viable and sustainable over the long
term. Practices within this dimension include investing in sustainable technologies, promoting
responsible financial practices, and creating shared value for stakeholders.
One of the most effective practices within the economic dimension is the adoption of responsible
financial practices. This includes ensuring that financial decision-making takes into account longterm sustainability and the impact on stakeholders. Another important practice within the
economic dimension is the creation of shared value for stakeholders. This involves creating
economic value while also benefiting society and the environment, for example, through the
development of sustainable products and services.
In conclusion, sustainability is a complex concept that requires businesses to address
environmental, social, and economic dimensions simultaneously. Practices within each dimension
must be implemented effectively to achieve long-term sustainability. Practices within the
environmental dimension include reducing greenhouse gas emissions, promoting renewable
energy sources, and implementing sustainable waste management practices. Practices within the
social dimension include promoting diversity and inclusion, protecting human rights, and ensuring
fair labor practices. Practices within the economic dimension include investing in sustainable
technologies, promoting responsible financial practices, and creating shared value for
stakeholders. By adopting sustainable practices within each dimension, businesses can ensure
long-term viability while also promoting social and environmental responsibility.
03. In today's world, sustainability practices in businesses are becoming
increasingly important.
Consumers are more aware than ever before about the environmental and social impact of the
products they buy, and as a result, businesses are under pressure to adopt sustainable practices.
However, there are several drivers of sustainability practices in a business, and their relevance can
vary depending on the industry, market, and other factors. (Anon., n.d.)
One of the primary drivers of sustainability practices in a business is government regulation. Many
governments around the world are implementing regulations and policies that aim to reduce
greenhouse gas emissions, promote renewable energy, and protect the environment. For example,
the European Union's Green Deal initiative aims to make Europe the first climate-neutral continent
by 2050. Companies that fail to comply with these regulations face penalties and other legal
consequences, which can have a significant impact on their bottom line. Therefore, government
regulation is a strong driver of sustainability practices in businesses.
Another driver of sustainability practices is stakeholder pressure. This includes pressure from
customers, investors, employees, and other stakeholders who demand that companies operate in
an environmentally and socially responsible manner. Customers, in particular, are becoming
increasingly conscious of the impact their purchasing decisions have on the environment, and are
often willing to pay a premium for products and services that are produced sustainably. Investors,
on the other hand, are more likely to invest in companies that prioritize sustainability, as they
believe that these companies are better positioned to succeed in the long run. Therefore,
stakeholder pressure can be a significant driver of sustainability practices in businesses.
A third driver of sustainability practices is financial benefits. Although sustainability initiatives
often require significant investments, they can also generate financial benefits in the long run. For
example, companies that adopt renewable energy sources can reduce their energy costs over time,
while those that reduce waste and improve efficiency can save money on materials and labor.
Moreover, companies that prioritize sustainability often enjoy a competitive advantage, as they are
able to differentiate themselves from their competitors and appeal to environmentally conscious
consumers. Therefore, financial benefits can be a strong driver of sustainability practices in
businesses.
A fourth driver of sustainability practices is ethical considerations. Many businesses prioritize
sustainability because they believe it is the right thing to do. They recognize that their actions have
an impact on the environment and society, and therefore feel a sense of responsibility to operate
in a sustainable manner. For example, some companies may prioritize fair labor practices and
environmental protection because they believe it aligns with their values and mission. Therefore,
ethical considerations can be a strong driver of sustainability practices in businesses.
In conclusion, sustainability practices in businesses are driven by a variety of factors, including
government regulation, stakeholder pressure, financial benefits, and ethical considerations. The
relevance of these drivers can vary depending on the industry, market, and other factors. However,
it is clear that sustainability is becoming increasingly important in today's world, and companies
that fail to prioritize sustainability may struggle to remain competitive in the long run.
04. Sustainability has become a critical issue for businesses in recent years, as
consumers and stakeholders increasingly demand environmental and social
responsibility.
However, there are significant barriers and challenges that businesses face when trying to adopt
sustainable practices. In this essay, we will appreciate the barriers and challenges businesses face
in relation to sustainability. (Anon., n.d.)
One of the primary barriers to sustainability is cost. Implementing sustainable practices can be
expensive, particularly for small businesses. For example, investing in renewable energy sources
such as solar panels or wind turbines requires significant capital expenditure. Similarly,
implementing sustainable waste management practices can require significant investment in
infrastructure and technology. This can be particularly challenging for small businesses that may
not have the financial resources to invest in sustainability initiatives.
Another significant barrier to sustainability is lack of expertise. Adopting sustainable practices
requires a high level of technical expertise, particularly in areas such as energy management, waste
reduction, and supply chain sustainability. Many businesses may lack the necessary expertise or
resources to effectively implement sustainable practices. This can result in unsustainable practices
being continued, despite the desire to transition to more sustainable practices.
Resistance to change is also a significant challenge for businesses seeking to adopt sustainable
practices. Change can be difficult, particularly if there is resistance from employees or other
stakeholders. For example, employees may resist changes to their work practices, particularly if
they perceive the changes to be inconvenient or disruptive. Similarly, suppliers or customers may
resist changes to the supply chain or product design. This resistance can make it difficult for
businesses to implement sustainable practices, particularly if they are dependent on these
stakeholders.
Another challenge for businesses seeking to adopt sustainable practices is the lack of clear
standards or guidelines. Sustainability is a complex and multifaceted issue, and there is often a
lack of clarity around what constitutes sustainable practices. This can make it difficult for
businesses to know where to focus their efforts and how to measure their progress. Additionally,
the lack of clear standards can result in inconsistencies and confusion among stakeholders.
Finally, a lack of government support can also be a barrier to sustainability. While government
regulations can be a driver for sustainability practices, there is often a lack of support for
sustainable practices from governments. This can result in businesses being left to implement
sustainable practices on their own, without the support or guidance of government policies or
incentives.
In conclusion, businesses face significant barriers and challenges when trying to adopt sustainable
practices. These barriers include cost, lack of expertise, resistance to change, lack of clear
standards or guidelines, and a lack of government support. These challenges can make it difficult
for businesses to transition to sustainable practices, particularly for small businesses or those
lacking resources. However, with increasing demand for sustainability from consumers and
stakeholders, it is essential for businesses to overcome these barriers and adopt sustainable
practices in order to ensure their long-term viability and contribute to a more sustainable future.
05. Sustainability has become an increasingly important issue for businesses,
and measuring and reporting on sustainability performance has become a
critical part of business operations.
In this essay, we will explain the different performance measures used to measure sustainability
and how sustainability is reported in businesses. (Anon., n.d.)
There are three key dimensions of sustainability: environmental, social, and economic. Each of
these dimensions can be measured using a range of performance measures. Environmental
performance measures typically focus on the management of natural resources and the reduction
of negative environmental impacts. Common measures include greenhouse gas emissions, water
usage, waste production, and energy consumption. Social performance measures focus on the
impact of business operations on society, including measures such as labor practices, human rights,
and community engagement. Economic performance measures focus on the financial performance
of the business, including measures such as revenue, profit, and return on investment.
To effectively measure sustainability performance, businesses typically use a range of metrics and
key performance indicators (KPIs). These KPIs are used to track progress over time and to identify
areas where sustainability performance can be improved. Examples of sustainability KPIs include
the percentage of renewable energy used by the business, the number of employees who receive
training on sustainability practices, and the percentage of suppliers who meet sustainability
standards.
In addition to measuring sustainability performance, businesses also report on their sustainability
practices and performance to stakeholders. Sustainability reporting typically includes information
on the business's sustainability strategy, goals, and performance metrics. Sustainability reports
may also include case studies or examples of specific sustainability initiatives undertaken by the
business.
There are several different frameworks and guidelines for sustainability reporting, including the
Global Reporting Initiative (GRI) and the Sustainability Accounting Standards Board (SASB).
These frameworks provide guidelines for the disclosure of sustainability information, including
the scope of information to be reported and the format in which it should be presented.
Sustainability reporting can take a range of forms, including standalone sustainability reports,
integrated annual reports, and website disclosures. Some businesses also choose to report on
sustainability performance through third-party certifications or ratings, such as the LEED
certification for buildings or the Dow Jones Sustainability Index for companies.
While sustainability reporting has become more common among businesses, there are still
challenges associated with reporting sustainability performance. One of the primary challenges is
the lack of standardization in sustainability reporting. There is no universally accepted framework
or set of metrics for reporting sustainability performance, which can make it difficult for
stakeholders to compare performance across different businesses.
Another challenge is the lack of transparency in sustainability reporting. Some businesses may
choose to report only on positive sustainability performance, while downplaying or omitting
negative impacts. This can make it difficult for stakeholders to make informed decisions about the
sustainability of the business.
In conclusion, measuring and reporting on sustainability performance has become a critical part of
business operations. Businesses use a range of performance measures and KPIs to track
sustainability performance, and sustainability reporting provides stakeholders with information on
the business's sustainability practices and performance. However, there are still challenges
associated with sustainability reporting, including the lack of standardization and transparency. As
sustainability continues to be a key issue for businesses, it is essential for businesses to improve
their sustainability reporting practices in order to provide stakeholders with the information they
need to make informed decisions.
06. As sustainability becomes an increasingly important issue for businesses, it
is important for businesses to evaluate their existing position with regards to
sustainability practices.
In this essay, we will evaluate the existing position of a hypothetical business, ABC Corporation,
with regards to different sustainability practices.
Environmental Practices: ABC Corporation has implemented several environmental sustainability
practices, including the use of renewable energy sources and the reduction of greenhouse gas
emissions. The business has installed solar panels on the roof of its headquarters, which provide a
significant portion of the building's energy needs. Additionally, the business has implemented
energy-efficient lighting and HVAC systems, which have reduced energy consumption and
greenhouse gas emissions. (Anon., n.d.)
However, ABC Corporation could improve its environmental sustainability practices by reducing
waste production and improving the management of natural resources. The business could
implement recycling programs and reduce the use of single-use plastics, as well as implement
water-saving technologies to reduce water usage.
Social Practices: ABC Corporation has implemented several social sustainability practices,
including the provision of fair labor practices and community engagement. The business has
implemented a comprehensive labor policy that ensures fair treatment of employees, including fair
wages and benefits. Additionally, the business has engaged in several community outreach
programs, including donating to local charities and volunteering in local schools.
However, ABC Corporation could improve its social sustainability practices by improving
diversity and inclusion in its workforce and supply chain. The business could implement diversity
and inclusion training for employees and suppliers, and ensure that it works with suppliers who
have fair labor practices.
Economic Practices: ABC Corporation has implemented several economic sustainability practices,
including the development of sustainable business models and the promotion of responsible
investment. The business has developed several sustainable products and services, which help to
reduce negative impacts on the environment and society. Additionally, the business has promoted
responsible investment practices, including the incorporation of environmental, social, and
governance (ESG) factors into investment decisions.
However, ABC Corporation could improve its economic sustainability practices by promoting
greater transparency in its financial reporting and improving its supply chain management
practices. The business could implement greater transparency in its financial reporting by
providing stakeholders with more detailed information on its financial performance and
sustainability practices. Additionally, the business could improve its supply chain management
practices by ensuring that it works with suppliers who have sustainable practices.
while ABC Corporation has implemented several sustainability practices across its operations,
there is still room for improvement in each of the three dimensions of sustainability:
environmental, social, and economic. To improve its sustainability practices, ABC Corporation
could implement additional measures to reduce waste production, improve diversity and inclusion,
and promote greater transparency in its financial reporting and supply chain management practices.
By doing so, ABC Corporation could position itself as a leader in sustainability practices and
contribute to a more sustainable future for all.
07. Sustainable practices are becoming increasingly important for businesses to
adopt.
Such practices are aimed at reducing the impact of business operations on the environment,
society, and economy. However, the suitability of different sustainable practices varies depending
on the nature of the business and its operating environment. In this essay, we will highlight the
suitability of various sustainable practices for businesses.
The first sustainable practice that is suitable for businesses is the use of renewable energy.
Renewable energy is energy that comes from sources that are naturally replenished, such as solar,
wind, and hydro power. Businesses that adopt renewable energy can reduce their carbon footprint
and contribute to mitigating climate change. This sustainable practice is suitable for businesses
that consume a significant amount of energy, such as manufacturing companies and data centers.
However, the suitability of renewable energy depends on the availability of these resources in the
business's operating environment.
The second sustainable practice that is suitable for businesses is waste reduction and management.
This involves reducing the amount of waste generated by a business and ensuring that the waste is
disposed of in an environmentally friendly way. This sustainable practice is suitable for businesses
that generate a significant amount of waste, such as restaurants and retail stores. By reducing waste,
businesses can save money on disposal costs and reduce their impact on the environment. Waste
reduction and management can be achieved through recycling, composting, and reducing
packaging materials.
The third sustainable practice that is suitable for businesses is sustainable sourcing. This involves
sourcing materials, products, and services from suppliers who meet certain environmental and
social standards. By sourcing sustainably, businesses can ensure that their operations have a
minimal impact on the environment and society. This sustainable practice is suitable for businesses
in industries that have a significant impact on the environment and society, such as the fashion and
food industries. However, the suitability of sustainable sourcing depends on the availability of
sustainable suppliers in the business's operating environment.
The fourth sustainable practice that is suitable for businesses is employee engagement. This
involves engaging employees in sustainability initiatives and creating a culture of sustainability
within the business. By engaging employees, businesses can improve their sustainability
performance and create a sense of shared responsibility for the environment and society. This
sustainable practice is suitable for all businesses, regardless of their industry or size. Employee
engagement can be achieved through training, communication, and recognition programs.
The fifth sustainable practice that is suitable for businesses is community engagement. This
involves engaging with the local community and stakeholders to understand their needs and
concerns and to ensure that business operations have a positive impact on the community. By
engaging with the community, businesses can improve their reputation and contribute to the social
and economic development of the community. This sustainable practice is suitable for businesses
that have a significant impact on the local community, such as mining and extraction companies.
Community engagement can be achieved through dialogue, consultation, and community
investment programs.
businesses can adopt various sustainable practices to reduce their impact on the environment,
society, and economy. The suitability of these practices depends on the nature of the business and
its operating environment. Renewable energy, waste reduction and management, sustainable
sourcing, employee engagement, and community engagement are all sustainable practices that
businesses can adopt to improve their sustainability performance. However, it is important for
businesses to assess their sustainability practices regularly and adapt them to changing
circumstances to ensure that they remain effective and relevant.
08. The implementation of sustainability practices in business has become
increasingly important as organizations recognize the impact they have on the
environment, society, and the economy.
In this essay, we will evaluate the implementation of sustainability practices in business and
discuss the related implications.
Implementation of Sustainability Practices: The implementation of sustainability practices
involves the integration of environmental, social, and economic considerations into business
operations. This can include reducing waste production, implementing energy-efficient
technologies, promoting fair labor practices, and developing sustainable products and services.
The successful implementation of sustainability practices requires a strong commitment from
senior management, clear goals and targets, and the engagement of employees and stakeholders.
It also requires a continuous improvement approach, where organizations regularly monitor and
measure their sustainability performance, and make adjustments as needed.
Business Related Implications: There are several business-related implications of implementing
sustainability practices. First, sustainability practices can reduce costs by increasing energy
efficiency and reducing waste production. This can result in significant savings for businesses,
which can be reinvested in other areas of the organization.
Second, sustainability practices can improve brand reputation and enhance customer loyalty.
Consumers are increasingly interested in buying products and services from companies that
prioritize sustainability, and are willing to pay more for environmentally friendly and socially
responsible products.
Third, sustainability practices can help organizations comply with regulations and mitigate risk.
Regulatory bodies are increasingly imposing environmental and social requirements on
businesses, and those that fail to comply can face significant fines and reputational damage.
Implementing sustainability practices can help businesses meet these requirements and reduce the
risk of non-compliance.
However, there are also potential challenges associated with implementing sustainability practices.
For example, the initial cost of implementing sustainability practices can be high, which can be a
barrier for smaller businesses. Additionally, implementing sustainability practices can require
significant changes to business processes and culture, which can be difficult to achieve without
strong leadership and employee engagement.
Furthermore, there can be challenges associated with measuring sustainability performance. While
there are several metrics available to measure sustainability, it can be difficult to accurately
measure the impact of sustainability practices on business operations.
Conclusion: In conclusion, the implementation of sustainability practices in business has
significant implications for organizations, including cost savings, improved brand reputation, and
risk mitigation. However, there can also be challenges associated with implementing sustainability
practices, including high initial costs and difficulty measuring sustainability performance.
Despite these challenges, the benefits of implementing sustainability practices in business far
outweigh the costs. By integrating sustainability considerations into business operations,
organizations can contribute to a more sustainable future while also benefiting financially and
enhancing their brand reputation. Therefore, it is important for businesses to prioritize
sustainability and continuously strive to improve their sustainability practices.
Conclusion
The relevance of sustainability to business cannot be overstated. Sustainable practices are critical
for ensuring long-term competitiveness and success of businesses, while also contributing to a
more sustainable future for society and the environment.
This essay has assessed the key dimensions of sustainability, including environmental, social, and
economic practices, and highlighted the importance of each. It has also evaluated the relevance of
various drivers of sustainable practices, including regulations, consumer demand, and stakeholder
pressure.
Furthermore, this essay has acknowledged the barriers and challenges businesses face in relation
to sustainability, such as lack of resources, limited knowledge, and resistance to change. However,
it has also highlighted the various performance measures used to measure sustainability as a way
of reporting sustainability and identifying areas for improvement.
Moreover, this essay has evaluated the status of a business in relation to various sustainability
practices and highlighted the appropriateness of different sustainability practices. Lastly, the essay
has evaluated the implementation of sustainability practices in a chosen business and assessed its
business-related implications.
In conclusion, businesses must recognize the importance of sustainability and work towards
integrating sustainable practices into their operations. This will require collaboration and
cooperation between different stakeholders, including government, consumers, and civil society.
By doing so, businesses can achieve long-term success while also contributing to a more
sustainable future.
References
Anon.,
n.d.
[Online]
Available
at:
https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUK
EwiXvMy46uP9AhW0RWwGHX45DtYQFnoECAkQAQ&url=https%3A%2F%2Fwww.researchgate.ne
t%2Fpublication%2F349419252_Drivers_of_sustainability_practices_and_contributions_to_sustain
Anon.,
n.d.
Available
[Online]
at:
https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUK
EwiXvMy46uP9AhW0RWwGHX45DtYQFnoECBIQAQ&url=https%3A%2F%2Fwww.researchgate.net
%2Ffigure%2FDrivers-to-SustainablePractices_tbl3_323628924&usg=AOvVaw3JkFeMLyl5LtOKKI0hfeW
Anon.,
Available
n.d.
[Online]
at:
https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUK
EwjUtI_q6uP9AhXxRmwGHVhECHgQFnoECA0QAQ&url=https%3A%2F%2Fwww.researchgate.net
%2Fpublication%2F333078727_Business_Sustainability_Exploring_the_Meaning_and_Significance&u
Anon.,
n.d.
[Online]
Available
at:
https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUK
EwjUtI_q6uP9AhXxRmwGHVhECHgQFnoECBgQAQ&url=https%3A%2F%2Fwww.researchgate.net
%2Fprofile%2FJavier-Delgado-Ceballos%2Fpublication%2F257541849_Sustaining_Sustainability_in
Anon.,
n.d.
Available
[Online]
at:
https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUK
Ewje7oON6P9AhUmZWwGHYR4CV0QFnoECAkQAQ&url=https%3A%2F%2Fwww.researchgate.net%2Fpublicat
ion%2F310792086_Assessment_of_the_Economic_Social_and_Environmental_Dimensions_o
Anon.,
n.d.
Available
[Online]
at:
https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUK
Ewje7oON6P9AhUmZWwGHYR4CV0QFnoECBwQAQ&url=https%3A%2F%2Fwww.researchgate.net%2Fprofile
%2FJose-Luis-Alfaro-Navarro%2Fpublication%2F283124791_The_Effects_of_Environmenta
Anon.,
n.d.
Available
[Online]
at:
https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUK
EwidyYKn6P9AhVaSGwGHcurDD8QFnoECBEQAQ&url=https%3A%2F%2Fwww.researchgate.net%2Ffigure%2F
Drivers-to-Sustainable-Practices_tbl3_323628924&usg=AOvVaw3JkFeMLyl5LtOKKI0hfeW
Anon.,
n.d.
Available
[Online]
at:
https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUK
EwixoKG36P9AhXSR2wGHaPUBA4QFnoECBEQAQ&url=https%3A%2F%2Fwww.researchgate.net%2Fpublicatio
n%2F329574035_Barriers_to_sustainability_for_small_and_medium_enterprises_in_t
Anon.,
n.d.
Available
[Online]
at:
https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUK
Ewi_srvH6P9AhUrV2wGHSX1CBkQFnoECAgQAQ&url=https%3A%2F%2Fwww.researchgate.net%2Fpublicatio
n%2F329287168_Sustainability_Reporting_and_Performance_Measurement_Systems_How
Anon.,
n.d.
Available
[Online]
at:
https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUK
Ewi2odPh6P9AhXZSWwGHRwKCGgQFnoECAsQAQ&url=https%3A%2F%2Fwww.researchgate.net%2Ffigure%
2FPositioning-of-different-business-cases-of-and-for-sustainability_fig3_28357225