Yakub02
Banned
Sustainability The concept of sustainability is that organisations and individuals should meet their own needs today without compromising the needs of future generations.
It requires organisations and individuals to preserve the environment and better serve society at large. More and more companies have are recognizing the need to make their operations more sustainable. Over the past twenty years or so the number of organisations that have made sustainability a key strategic focus has increased significantly. This increase is due to a number of factors, including:
a broader understanding and acceptance of the links between economic activity and global sustainability issues;
a recognition of the risk-management and economic benefits that organisations can gain from integrating sustainability into their strategies; and a growing demand from stakeholders, including investors, customers, employees and NGOs, for organisations to manage their operations in a more sustainable manner. Also some governments and regulators have required companies to report on their environmental and social impacts.
Companies can enhance their value by developing an understanding about the connections between sustainability and business and communicating this to their stakeholders. This also allows companies to drive improvement and innovation.
Organisations tend to communicate their sustainability activities through sustainability reports. Many companies worldwide (over 3,000) issue annual reports on sustainability and corporate responsibility. These companies represent all sectors and industries across the globe. Sustainability reporting is largely voluntary although a few governments have introduced mandatory sustainability reporting
It requires organisations and individuals to preserve the environment and better serve society at large. More and more companies have are recognizing the need to make their operations more sustainable. Over the past twenty years or so the number of organisations that have made sustainability a key strategic focus has increased significantly. This increase is due to a number of factors, including:
a broader understanding and acceptance of the links between economic activity and global sustainability issues;
a recognition of the risk-management and economic benefits that organisations can gain from integrating sustainability into their strategies; and a growing demand from stakeholders, including investors, customers, employees and NGOs, for organisations to manage their operations in a more sustainable manner. Also some governments and regulators have required companies to report on their environmental and social impacts.
Companies can enhance their value by developing an understanding about the connections between sustainability and business and communicating this to their stakeholders. This also allows companies to drive improvement and innovation.
Organisations tend to communicate their sustainability activities through sustainability reports. Many companies worldwide (over 3,000) issue annual reports on sustainability and corporate responsibility. These companies represent all sectors and industries across the globe. Sustainability reporting is largely voluntary although a few governments have introduced mandatory sustainability reporting
