sustainability issues in the business setting.pptx

sustainability issues

1. SUSTAINABILITY ISSUES

2. Topics of Discussion Environmental Policy and Regulation Business Response to Sustainability Issues Alternative Energy Strategic Implementation of Environmental Responsibility

3. SUSTAINABILITY > often related to “sustainable development” defined as development that meets the needs of the present, without compromising the ability of future generations to meet their own demand (UN Brundtland Commission) CORPORATE SUSTAINABILITY > doing business without negatively impacting the environment, community or society as a whole. (Harvard Business School Online)

4. ESG Framework (Environmental, Social & Governance) ESG Framework > it refers to a set of standards to understand and measure an organization’s operation in a sustainable manner. > popularized in the 21 st century, often related to sustainability and CSR. E – Environmental Knowing an organization’s operation attributes towards environmental stewardship and addresses certain environmental issues (e.g. climate change, waste management, pollution, deforestation) S – Social Impact of an organization has on people, culture and community (e.g. diversity, human rights) G – Governance Considerations on how business is run and ensuring strong shareholders’ right (e.g. compensation, risk management, ethics)

5. Triple Bottom Line A business concept stating firms should prioritize assessing their social and environmental impact alongside with their financial performance, instead of focusing solely on profit maximization or the traditional “bottom line”. Components: P – Profit : financial performance, generate income P – People : societal impact or commitment to people P – Planet : making positive impact in the environment

6. Some global issues that sustainable business strategies help to address include : Climate Change 5. Pollution Income Inequality 6. Racial Injustice Depletion of Natural Resources 7. Gender Inequality Human Rights Issues 8. Fair Working Conditions

7. I. Environmental Policy and Regulation Measures that government, corporations, and other related organizations implement to manage and counter the effects of human activities in terms of natural and ecosystem damages. In a national level, Philippine Environmental Laws are collection of laws, directives, policies, regulations, and agreements enforced by the Philippine government and other organizations to regulate human treatment of the environment. Examples: Republic Act No. 8749 : “Clean Air Act” Republic Act No. 9003 : “Ecological Solid Waste Management”

8. Compliance Strategy Environmental Assessments and Monitoring Obtain Necessary Permits and Certifications Implement Pollution Control Measures Education and Information Dissemination Implementation of Sustainable Practices

9. II. Business Response to Sustainability Issues Sustainability Practices Adoption Innovative and Sustainable Products / Services Stakeholder Engagement Compliance and Risk Management Measuring and Reporting Impact Innovation Investment Commitment to Global Programs & Initiatives

10. III. Alternative Energy Strategic Implementation of Environmental Responsibility Environmental Responsibility > refers to the ethical obligation of an individual, businesses, organizations, and government to protect the environment. It involves actions in environmental impact/consequences accountability, reduce environmental impact (conservation/preservation) and revert harm caused (restoration). Alternative Energy > energy sources that doesn’t utilize fossil fuels, does not cause pollution, and be produced long-term without being depleted. > examples include energies in solar, wind, geothermal, hydropower, biomass, ocean, and waste-to-energy facility.

11. Advantages & Disadvantages of Alternative Energy Advantages Disadvantages Won’t Run Out High installation / construction cost Lower Maintenance Requirements Possible irregularities Money-saving Carbon footprint in Installations Numerous environmental benefits Supply Chain Constraints Cleaner water and air Storage technologies Job opportunities Waste reduction

12. How Do Businesses Adopt? Integrate Corporate Environmental Responsibility (CER) into Business Goals Evaluate Company’s Environmental Impact and Energy Needs Opt for Sustainable and Eco-Friendly Energy Alternatives Formulate Tactical Execution Plan Sustainability Initiatives Track, Communicate, and Improve Boost Business Image by Embracing Environment Stewardship

13. Conclusion With the traditional framework of business’ purpose to maximize wealth, certain issues in excessive consumption, natural resource depletion, and negative social effects arise over the decade. As a result, the effects of these past activities are reflected on certain present concerns such as pollution, climate change and social injustices. With a purpose to address these effects, drivers such as the government and changing consumer perspective encourages businesses to implement sustainability practices in their operation which now becomes an important and essential business strategy trend.

14. Thank You !!!