Explain the meaning of Sustainability and why some managers wish to adopt these approaches using examples where possible. Essay
Sustainability as a concept is gaining prominence and managers now a day look forward to use it in their planning process. Sustainability refers to as corporate sustainability where the managers move away from the traditional old formula of earning profits. Managers along with profits look towards social development by pursuing the social goals (Gallopin, 2003) so that corporate responsibility can be looked into.
Through social development managers look to provide justice to the society by looking into aspects which were previously ignored. Managers look into different things like social justice and equity, environmental protection and betterment of the economy (Holdren, Daily & Ehrlich, 1995). Different organizations look towards different ways in achieving sustainability. One such development is seen in the field of environmental protection in Australia and the world around. The government has enacted the Carbon Pollution Reduction Scheme which organizations look to adhere to through recycling. Recycling will help to reduce the emission as seen from the fact that “recycling steel can have ensured that 1131 kg of iron ore, 633 kg of coal and 54 kg of limestone is saved for every tonne of steel recycled”. (Steel Recycling, 2005) This will preserve the valuable resources at the same time see that the emission cap put by the scheme helps the company to save on cost.
Different organization look towards different ways to achieve sustainability and the way adopted by them depends on their competencies. Working and developing on their competencies help organizations to ensure that they are able to achieve sustainability and look towards the development of society on a large. This will benefit mankind and ensure that the resources ar protected and can be used in the future.
Holdren, J., Daily, G. & Ehrlich, P. (1995). The meaning of Sustainability: Biogeophysical aspect. The World bank, Washington D.C.
Gallopin, G. (2003). A System Approach to Sustainability & Sustainable Development. Sustainable Development & Human Settlement Division, Chile
Steel Recycling. (2005). Steel can recycling at Coles Supermarket. Westwick-Farrow Pty Ltd
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