The Responsibility of Businesses to Address Environmental Sustainability

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Introduction

Environmental sustainability is one of the most urgent and important issues that communities are currently confronting, and businesses must take it into account. Global issues including resource depletion, pollution, and climate change put the health and well-being of both people and the planet in peril. Businesses must address these issues because they significantly contribute to them.

Main body

Corporations have a big impact on the environment and nature. According to a research study that appeared in the Journal of Cleaner Production, the textile industry, for example, is one of the most polluting in the world, leading to air and water pollution, deforestation, and greenhouse gas emissions (Hitt et al., 2021). Similarly, a survey by the World Wildlife Fund discovered that the production of palm oil, which is utilized in several consumer goods, is a significant contributor to rainforest biodiversity loss, and carbon pollution (Hitt et al., 2021). Thus, corporations must take steps to lessen their impact on the environment. This entails putting into practice sustainable business strategies, such as lowering waste and energy usage, utilizing renewable resources, and putting money into greener technologies (Hitt et al., 2021). By doing this, businesses can not only assist in minimizing the adverse impacts of global warming and environmental degradation but also enhance their bottom line through cost savings and greater consumer trust and loyalty.

Conclusion

In conclusion, it is morally and ethically required of enterprises to take into account how their operations affect the environment and to take steps to lessen their environmental footprint. There is proof that businesses are involved in the depletion of resources, contamination, and climate change, all of which have a negative influence on society and the environment. As a result, companies should implement sustainable practices in their operations, participate in environmental activism and education, and encourage sustainable choices among their employees and customers. Businesses may help build a more sustainable future and add long-term value for the environment and society at large by doing this. Businesses must make environmental sustainability one of their top priorities to address existing and upcoming global difficulties.

Reference

Hitt, M. A., Ireland, R. D., & Hoskisson, R. E. (2021). Strategic management: Concepts and cases: Competitiveness and globalization (13th ed.). Cengage Learning.

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