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Group Disccusion 7 Oct 2024

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16 views12 pages

Group Disccusion 7 Oct 2024

Uploaded by

knswgmr6rs
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Course code : BUS245-BUSI2305SA

Course Title : Corporate Social Responsibility


Submitted to : Kevork Tekazaryan
Submitted by :
Group Members name
Simranjeet Kaur Riar A00168195
Urvashi Sharma A00166070
Kashish A00167596
Navjot Kaur A00166195
Puneet Kaur A00166139
The Imperative of Environmental Sustainability

by URVASHI

In the current market, companies that want to grow and


secure long-term success must prioritize environmental
sustainability. Businesses must adopt eco-friendly
methods and go beyond standard operations if they want
to have a smaller environmental impact. This means
using less energy, reducing carbon emissions, reducing
waste, and using renewable resources. Businesses may
satisfy customer requests for environmentally friendly
products and services while also meeting more stringent
regulations by proactively implementing these measures.
The Business Case for Sustainability
BY URVASHI

Improved Brand
Reputation: Businesses
that put sustainability Competitive Advantage:
Cost Savings: Putting in
first attract Companies may stand out
place energy-efficient
environmentally in the market by
procedures, cutting
concerned customers, providing distinctive
waste, and making the
which boosts brand goods and services that
best use of available
loyalty and standing in satisfy customers'
resources can result in
the market. A robust increasing need for eco-
large drops in operating
dedication to friendly choices if they
costs.
sustainability enhances a implement sustainable
company's standing and practices early on.
public confidence.
o Design for Longevity: Longevity-
oriented products have longer lifespans
and are easier to repair or refurbish,
which lowers the need for new raw
Transitioning to a materials and lengthens their useful
lives.

Circular Economy o Resource Efficiency: Companies


streamline their operations to maximize
production while utilizing the fewest
resources possible. This might include
decreasing the use of non-
renewable resources, cutting back
BY SIMRANJEET KAUR RIAR on water use, or utilizing renewable
energy sources.
o Minimizing Waste: Waste is seen as
an important resource. By recycling,
repurposing, or reusing materials, less
garbage is dumped in landfills and less
pollution is released into the
atmosphere.
Reducing Carbon Footprint
Through Energy Efficiency
o Transitioning to Energy-Saving Technologies:
BY SIMRANJEET KAUR RIAR
Reducing power usage and carbon emissions can be
achieved by using energy-efficient machinery,
appliances, and lights (such as LED bulbs and high-
efficiency HVAC systems)
o .Renewable Energy Sources: By switching to
renewable energy sources like hydropower, wind, or
solar electricity, you may lessen your dependency on
fossil fuels, which are a big cause of carbon emissions.
o Building Design Optimization: Energy consumption in
homes and businesses may be significantly decreased
by employing smart heating and cooling systems,
installing energy-efficient windows, and improving
building insulation.
Implementing Renewable Energy
Solutions
BY KASHISH
• Solar Power: Businesses and homeowners may harness solar
energy to generate power by installing solar panels on their
roofs or on property. Solar energy is an efficient and
economical alternative as it is scalable and excess electricity
can frequently be sold back to the grid.
• Wind Energy: Installing wind turbines may provide
significant amounts of renewable power in areas with
favourable wind conditions. This is especially helpful for
businesses and local communities trying to generate
electricity from wind energy sources nearby.
• Hydropower is a dependable and effective type of renewable
energy that produces electricity by harnessing the energy of
flowing water. Hydropower options vary from massive dams
to tiny, neighborhood-based initiatives that provide local
communities with electricity.
• Sustainable Sourcing: Assist suppliers who use recycled or renewable resources
and place a high value on moral and environmental standards.
• Reduce Carbon Emissions: Reduce transportation distances, group shipments,
and use energy-efficient vehicles to optimize logistics.
Optimizing Supply Chain Sustainability
• Resource Efficiency: Optimize production procedures to cut down on waste and
BY KASHISH
save energy and water.
• Circular Economy Integration: Create processes for material reclamation and
repurposing, and design goods with longevity and recyclability in mind.
Minimizing Waste and
Promoting Recycling
BY PUNEET KAUR
•Minimizing Waste
• Digital Practices: Use digital receipts and menus to reduce paper waste.
• Portion Control: Offer customizable portion sizes to minimize leftovers.
• Inventory Management: Track inventory closely to prevent over-ordering and food waste.
•Promoting Recycling
• Recycling Bins: Provide clearly labeled recycling bins for easy disposal of materials.
• Composting: Implement a composting program for organic waste
• Eco-Friendly Packaging: Use biodegradable or compostable packaging for takeout orders and
encourage customers to use reusable containers
•Education and Engagement
• Staff Training: Educate staff on recycling practices to promote them to customers
• Customer Awareness: Use signage and social media to inform customers about recycling
initiatives.
1. Set a good example Implement
Fostering a • Eco-Friendly Practices: Make use of energy-efficient processes and
Culture of sustainable sources.

Sustainability • Transparency: Inform clients about your environmental objectives and


developments.
in brief 2. Programs for Employee Engagement Training: Continually educate
employees about sustainable practices.
BY PUNEET • Provide incentives for creative thinking and a dedication to
sustainability.
3. Participation in the Community Local Collaborations: Join forces
with nearby farmers and environmentally conscious vendors
• Sustainability Events: Conduct seminars to inform locals about
environmentally friendly behaviours
4. Customer Participation Loyalty Programs: Reward customers for
sustainable choices, including utilizing recyclable containers.
• Feedback Mechanism: Request feedback from clients regarding
environmental projects.
Measuring 1.Energy consumption :- kilowatt – hours (kwh)
and Reporting 2.Greenhouse gas emissions :- metric tons of co2
Sustainability equivalent
3.Water usage :- gallons and liters
Metrics 4.Waste diversion :- percentage of waste recycled
BY NAVJOT
The Path Forward: Scalable
Sustainability Strategies
BY NAVJOT

1. Make Ambitious Goals


To spur development, set quantifiable,
explicit sustainability goals.
2. Utilize Technology
Make the most of data analytics and digital
tools to enhance sustainable operations.
3. Work Together Outside of the
Company
To scale sustainability impact , collaborate
with members of parliament, NGOs, and
other business colleagues.
REFERENCES
• Smith, J. (2023, March 15). The future of environmental sustainability: Strategies for a greener
planet [Conference presentation]. Environmental Sustainability Conference.
https://www.enviroconf.org/2023/smith-presentation

• Wilson, K. (2021, April 9). Eco-friendly technologies: Trends in environmental sustainability


[Poster presentation]. Global Sustainability Symposium, Los Angeles, CA.

• World Wildlife Fund. (2020). Living planet report 2020: Bending the curve of biodiversity loss.
World Wildlife Fund. https://www.worldwildlife.org/publications/living-planet-report-2020

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