Adopting Sustainable Business Practices: Great for Business, Great for the World

2012 ◽  
Vol 5 (4) ◽  
pp. 203-206
Author(s):  
Bruce Hagenau
2021 ◽  
Vol 69 (3) ◽  
pp. 29-36
Author(s):  
Milena Savić ◽  
Radmila Savić ◽  
Dragana Frfulanović

The pandemic that hit the world in 2020 significantly affected global business and the fashion industry. Companies have been forced to rethink their current way of doing business, while consumers have reviewed their priorities, emerging needs and constraints, care for health, the environment, and the community. All these aspects together have shaped a slightly different global fashion market and companies' business practices, which have made great efforts to maintain their status, audience, and sales. The focus of this paper is Milan's "Fashion Week" held during 2020 and innovative technological solutions that serve to compensate for the limitations imposed by circumstances. Also, there's a few words about other (un)predictable situations such as price fluctuations, closure of production plants, overcoming safety and environmental challenges, and sustainable business.


2020 ◽  
Author(s):  
Henrik von Storch

<p> <em>Deutsche Post DHL Group is the world’s leading logistic company. </em><em>The Group connects people and markets and is an enabler of global trade. It aspires to be the first choice for customers, employees and investors worldwide. To this end, Deutsche Post DHL Group is focusing on growth in its profitable core logistics businesses and accelerating the digital transformation in all business divisions. The Group contributes to the world through sustainable business practices, corporate citizenship and environmental activities. By the year 2050, Deutsche Post DHL Group aims to achieve zero emissions logistics. Deutsche Post DHL Group is home to two strong brands: DHL offers a comprehensive range of parcel and international express service, freight transport, and supply chain management services, as well as e-commerce logistics solutions. Deutsche Post is Europe’s leading postal and parcel service provider. Deutsche Post DHL Group employs approximately 550,000 people in over 220 countries and territories worldwide. The Group generated revenues of more than 63 billion Euros in 2019.</em> <em> </em> <em>Deutsche Post DHL Group’s greenhouse gas footprint was 28.95 million tonnes CO2e in 2019. We acknowledge our responsibility to tackle climate change and have committed to net-zero emissions by 2050 in 2017. We do not only rely on the further development of technologies to reduce our carbon footprint but also on collaboration with our customers and transport partners to achieve the aspired emission reduction. Less knowingly, companies like Deutsche Post DHL group need suitable and reasonable standards for carbon accounting to allocate emissions reduction to the party funding them. Based on the rationale that emissions reduction is not always possible or reasonable where the funds are located but at another location, the concept of carbon offsetting was invented based on the rules set out by the Kyoto Protocol. Carbon offsetting has never been acknowledged in international carbon accounting standards such as the greenhouse gas protocol. The rationale behind this is the target to drive emissions reduction in each and every emitting sector. This is why we call for a new approach to enable faster emissions reduction called insetting. With this approach, emissions reduction become tradable within the sector and independent of local availability of carbon reducing technologies, each and every emitter can contribute to reducing emissions in their sector.</em></p>


Author(s):  
Mkhothi Tshabalala ◽  
Andrisha Beharry Ramraj ◽  
Jayrusha Ramasamy-Gurayah

In this era of climate change, there has been urgent calls for entrepreneurs to adopt sustainable business practices. Entrepreneurs need to seek to increase their production efficiency. Entrepreneurs have looked at sustainability as a solution to improve value for society, the environment, and financial gains for their businesses. Businesses around the globe are embracing entrepreneurial business sustainability with the aim of increasing their triple bottom line. Climate change has challenged not only governments across the world but also businesses. Businesses around the globe are embracing entrepreneurial business sustainability with the aim of increasing their triple bottom line. Climate change has challenged not only governments across the world but also businesses, and as a result, efforts have been made by various stakeholders such as the United Nations to assist countries in mitigating the consequences of climate change on economic, social, and ecological dimensions.


2022 ◽  
pp. 82-102
Author(s):  
Manpreet Arora ◽  
Swati Singh

This chapter focuses on the possibilities of exploring the areas where credit intervention can be done by the government in the form of schemes which are dependent on sustainable business practices. Nature has provided us abundance of raw material which if used wisely can help to remove poverty across the globe; on the same hand we can preserve the natural resources also if we use sustainable practices. In the current scenario where the world is facing pandemic and natural calamities, the time has to come to focus on sustainable rural micro financing activities which can not only solve the problem of linking the deprived sections of society with the mainstream, but it can also help them to improve their standard of living, and simultaneously, it can take care of various environmental issues too.


2013 ◽  
Vol 3 (8) ◽  
pp. 1-13
Author(s):  
Soo Chiat Hwang ◽  
Havovi Joshi

Title – City Developments Limited: a journey in sustainable business development. Subject area – Business development, sustainable business practices, corporate social responsibility. Study level/applicability – Executive education, postgraduate, undergraduate. Case overview – City Developments Limited (CDL) is one of Singapore ' s leading international property and hotel conglomerates, involved in real estate development and investment, hotel ownership and management, facilities management and the provision of hospitality solutions. The group has developed over 22,000 luxurious and quality homes in Singapore, catering to a wide range of market segments. CDL is widely recognised as a champion of sustainable practices in Singapore. It was the first company honoured with the President ' s Social Service Award and President ' s Award for the Environment in 2007. It was also the only developer to be accorded the Built Environment Leadership Platinum Award in 2009 and Green Mark Platinum Champion Award in 2011 by the Building and Construction Authority, the governing authority for Singapore ' s built environment. CDL was the first Singaporean company to be listed on all three of the world ' s top sustainability benchmarks – FTSE4Good Index Series since 2002, Global 100 Most Sustainable Corporations in the World since 2010 and the Dow Jones Sustainability Indexes since 2011. This case discusses the many factors that have enabled CDL to successfully manage its journey in sustainable business development. It also creates an opportunity for students to discuss other steps or measures the company could take to further increase stakeholders ' awareness and adoption of their sustainability vision. Expected learning outcomes – This case discusses the concepts of sustainability and the reasons why companies believe in following sustainable practices. Through this case, students would get an opportunity to discuss the sustainable practices adopted by one of the well-known Singapore companies, CDL. They would understand the costs and benefits of being a champion of CSR, the benefits to the stakeholders of CDL, and the ways CSR provides a competitive advantage. Supplementary materials – Teaching notes are available for educators only. Please contact your library to gain login details or email [email protected] to request teaching notes.


2009 ◽  
pp. 123-129
Author(s):  
Yu. Golubitsky

The article considers business practices of Moscow small industry in the XIX century, basing upon physiological sketches of N. Polevoy and I. Kokorev, statistical data and the classification of professions are also presented. The author claims that the heroes of the analyzed sketches are the forefathers of Moscow small businesses and shows what a deep similarity their occupations and a way of life bear to the present-day routine existence of small enterprises.


1973 ◽  
Vol 12 (3) ◽  
pp. 315-316
Author(s):  
G. M. Radhu

The report by the UNCTAD Secretariat, submitted to the third session of the United Nations Conference on Trade and Development held in Santiago (Chile) in April 1972, deals with the restrictive business practices of the multinational corporations with special reference to the export interests of the developing countries. Since the world war, there has been a tremendous growth in the size and activities of many international firms. They have grown from the national corporation to the multidivisional corporation and now to the multinational corporation. With each step they acquired greater financial power, better technology and know-how and more complex administrative structures. They have subsidiaries and branches all over the world. In the course of the sixties they became one of the dominant factors in determining the pattern of world trade. At the same time, their increasingly restrictive business practices, which tended to adversely affect world trade and the export interest of less developed countries, attracted the attention of the governments both in developed and less developed countries and serious concern was shown at the international level. It is against this background that the UNCTAD undertook the study on the question of restrictive business practices.


2015 ◽  
Vol 4 (2and3) ◽  
Author(s):  
Vibhuti Gupta ◽  
Devalina

The broaden-and-build theory of positive emotions postulated by Barbara L. Fredrickson proposes that emotions like joy, interest, contentment, and love enable an individual to broaden his/her patterns of thinking and acting, which in turn build the personal coping resources, whether intellectual, physical, social, or psychological, by way of creating novel ideas, actions or social relationships. This paper is a review of 15 empirical studies carried out during 1998-2012 that support the contributions of this theory to the creation of a healthy workplace by fostering positive emotions in employees. Positive emotions were found to be pivotal in enhancing employee performance, encouraging innovation and creativity that result in sustainable business practices, helping organizations make good decisions, facilitating work-flow and motivation, developing authentic and charismatic leadership styles, job enrichment, better team performance, and satisfactory customer relations. A link between positive emotions and an upward spiral of personal and organizational resources has also been established where positive self-evaluation, development of resilience, a climate of social support, layout of clearer goals, high quality social-interaction, good health and productivity of workers have been found to promote effective coping.


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