Key Drivers And Enabling Factors Supporting Corporate Sustainability
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Institusion
Sekolah Tinggi Manajemen Ipmi
Author
Tanzil, Chintara Diva
Subject
HD Industries. Land use. Labor
Datestamp
2020-01-18 08:38:30
Abstract :
In the last decade, the world has endured various natural disasters raging from violent tsunamis, flash flooding, and the less perceivable yet destructive turbo capitalism, corrupt government bodies, and irresponsible consumption that has taken advantage of the earth?s natural environment and social health. As drivers of the economy, public and private businesses play a major role in taking responsibilities of their operational impact on the planet. With growing access to the internet and quality publications, awareness and demand begins to shift from scarcity to sustainability. More and more businesses are being held accountable for unsustainable business practices. The subject of responsible business practices has risen into the forefront of corporate concerns. Key stakeholder begins to pressure governments and multinational corporations to implement regulations and kick start the journey towards a more sustainable economy, environment and social expanse. This study explored the extent to which sustainable business practices are implemented by firms in various industries within the Indonesian economy. This study examined the key motivations behind the adoption of sustainable business practices, the conditions that supports the successful implementation of sustainability management, the barriers that inhibits companies from sustainability as well as the impacts of sustainable business practices on competitive performance.
In the last decade, the world has endured various natural disasters raging from violent tsunamis, flash flooding, and the less perceivable yet destructive turbo capitalism, corrupt government bodies, and irresponsible consumption that has taken advantage of the earth?s natural environment and social health. As drivers of the economy, public and private businesses play a major role in taking responsibilities of their operational impact on the planet. With growing access to the internet and quality publications, awareness and demand begins to shift from scarcity to sustainability. More and more businesses are being held accountable for unsustainable business practices. The subject of responsible business practices has risen into the forefront of corporate concerns. Key stakeholder begins to pressure governments and multinational corporations to implement regulations and kick start the journey towards a more sustainable economy, environment and social expanse. This study explored the extent to which sustainable business practices are implemented by firms in various industries within the Indonesian economy. This study examined the key motivations behind the adoption of sustainable business practices, the conditions that supports the successful implementation of sustainability management, the barriers that inhibits companies from sustainability as well as the impacts of sustainable business practices on competitive performance.
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