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35 views10 pages

Saba's

Uploaded by

Monisa Hassan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Topic:

“The Role of Sustainability in Coporate success”

NAME: Malaika Zia

(L1F21BSAF0208)

NAME: Saba Ibrar

(L1F20BSAF0101)
Introduction:

 Corporate sustainability refers to the practice of conducting


operations and making decisions through three “pillars” of
sustainability: *environmental, *social, and *governance (ESG).
 Sustainability reduces costs and can affect operating profits by
up to 60% ( ref: McKinsey & Company).
 Sustainability is a corporate business imperative and should be
core to the strategy and operations of every business. The
reasons for this are both ethical and financially.
 AS to create sustainable strategy to ensure stakeholders have a
clear and agreed-upon vision for the future state of the business.
 Ref: According with Tesla places , strong emphasis on
sustainability in its corporate practices, which significantly
impacts its community and stakeholders.
Importance of sustainability in corporate practice:

 The adoption of sustainable practices can yield the potential for


a variety of benefit.
 Sustainable practices can lead to reduced energy consumption,
lower waste disposal costs, and more efficient use of resources,
resulting in significant cost savings.
 Sustainability can open new markets and customer segments.
Consumers are shifting their spending toward products with
ESG-related claims, leading to potential revenue growth.
 Sustainability professionals of tomorrow can help organizations
navigate the shifts in their industry landscape to make a
difference in the world and on the bottom line.
Relationship b/w CSR and corporate success:

 Companies need sustainability-related reporting standards to measure


social and environmental impact more effectively and to reach goals.
 The business world is to see some of the most significant innovations
in corporate accounting and reporting in decades.
 In business its met customer loyality and retention .

This picture elaborate the corporate link


with business
Case study:
“ tesla’s commitment to sustainability”

 Tesla is not just aiming for an ecological future. Its mission goes well beyond that. Every
year, pollution from burning fossil fuels causes more than 8 million premature deaths. By
adopting clean and sustainable technologies, Tesla aspires not only to preserve our
planet, but also to save lives.
 Safety is a top priority for Tesla.
Tesla’s transition plan:

Five-step transition plan


A complete transition to sustainable energy requires concerted efforts beyond Tesla’s
capabilities alone.

 Increase production of electric vehicles : increase production of electric vehicles


accessiblelity .
 Develop renewable energies : Expanding solar and wind
 Reduce energy consumption : Improve energy efficiency in all sectors
 Promote recycling : Encourage the recycling of batteries and materials
 Collaborate with other industry leaders : calls for global collaboration
Key initiatives:
The Tesla mission statement is “to accelerate the world’s transition to sustainable energy.” And the Tesla
vision statement is “to create the most compelling car company of the 21st century by driving the world’s
transition to electric vehicles.”
 key initiatives :-
1. Environmental sustainability
 electronic vehicle
 Renewable energy solutions
 energy efficiency

2. Social sustainability
 employee benefits
 Diversity and inclusion
 community engagement
3. Economic sustainability

 sustainable manufacturing
 closed-loop production
 carbon offset

4. Innovation and leadership

 Sustainable technology
 industry leadership
 transparency
Conclusions:-

 Sustainability has become a critical factor in corporate success. Tesla


commitments demonstrate the potential for environmental responsibility
and business growth to coexist.
 Integration of sustainability into core business operations
 Investment in sustainable technology and innovation
 Strong leadership commitment
 continue monitoring and improvement
Reference:

 https://www.ibm.com/topics/business-sustainability
 https://www.tesla.com
 https://intelligence.weforum.org/topics/a1G0X000005JLTqUAO?tab=publi
cations

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