28 Dec 2022

75

Why More Companies are Pursuing Environmental Sustainability

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Academic level: University

Paper type: Essay (Any Type)

Words: 288

Pages: 1

Downloads: 0

Countries with developed economies are losing focusing on protecting the environment, shifting their focus on getting their citizens out of poverty. 

A wide range of companies in countries across Latin America, Africa and South Pacific pursue environmental sustainability out of idealism and pragmatism. 

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Different kinds of approaches are applied to gain the company financially by making environmental and sustainability efforts. 

The first approach that companies use, is investing in expensive methods of sustainability. 

These methods will ultimately lead to lower costs of operations and higher yields. 

The second approach include companies starting off with small changes in their processes that saves cost and thereby using the funds to facilitate advanced technologies that make production efficient. 

The third approach is by extending sustainability efforts to their customers and suppliers. 

Organizations find it hard to recognize that sustainable approaches and efforts are less expensive and can be achieved. 

Companies have to be open minded on ways to lower their production costs while increasing efficiency and promoting sustainability. 

A company in China is a good example that takes a system approach in their operations. The company has adapted a method referred to as an integrated multitrophic aquaculture (IMTA). 

Investing in expensive technologies and initiatives to lower cost of production, businesses can expand conservation efforts to other parts of their operations. 

New Britain Palm Oil is an example of a company that established a pest management integration that produced natural substitutes to chemicals. 

Florida ice cream a company in Florida has managed to achieve its sustainability goal by meeting the goal of becoming water neutral in a short period. 

Shree Cement Company in India has attained sustainability by reducing energy use and improving efficient production. 

Jain Irrigation systems in India attain their sustainability by buying unsold produce for their customers. The customers then can afford its water saving devices and thereby maintaining sustainability. 

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StudyBounty. (2023, September 16). Why More Companies are Pursuing Environmental Sustainability.
https://studybounty.com/why-more-companies-are-pursuing-environmental-sustainability-essay

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