Today, there is a lot of buzz on going green and on promoting business sustainability. Sustaining value via taking care of the eco system as part of education has done wonders to the planet and for business. It has called for wisdom and ethics in business and all for the better. Business Sustainability calls for transparent organizational standards. Moreover it stands as a positive impact on the global or local economy. While delving into business sustainability, one notices that business sustainability refers and adheres to green practices such as paying heed to environmental concerns and committing to environmental concerns in business processes. The Brundtland Report or Our Common Future by the United Nations World Commission on Environment and Development (WCED) defined and charted a sustainable development path. It has addressed environment and development as a single concern to tackle. It also stresses on all the interlocking environmental crises as having a common point of crisis origin.
Business Sustainability has become an important topic of discussion in management studies. Global firms are sensitized towards doing green business these days. Further it starts from reducing the use of paper and eradicating paper waste to remanufacturing waste and recycling it. This topic can also address social concerns and it can promote social awareness. Business Sustainability as a topic is evolving to be educative and has become a major topic for sensitizing the community at large. There are certifications associated with going green; the Leadership in Energy and Environmental Design standards (LEEDS) certification aims at an organization’s ‘compliance with all environmental laws and regulations, occupancy scenarios, building permanence and pre-rating completion, site boundaries and area-to-site ratios, and obligatory five-year sharing of whole building energy and water use data from the start of occupancy or date of certification’. Such is the relevance of this subject.
The salient features that address the environment are: Products of service to products of consumption, nature-derived knowledge and technology, solar, wind, geothermal and ocean energy, local organizations and economies, consistent improvement processes, and so on.
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