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Businesses and the Environment (Thematic Report)

by Shirin Shukhratova | 11-03-2021 23:16 recommendations 0

All business interacts in one way or another and affects the environment. Sometimes positively, but in most cases negatively. Many businesses are reluctant to adopt new techniques and introduce environmental ethics. Some justify themselves with a lack of financial aid and some with competitors. Nevertheless, recent studies show that since 1988, only 100 companies are responsible for 71% of global greenhouse gas emissions.

However, what about that 29% of companies? Who are they? How do they take care of the environment? For example, Brothers We Stand, a British company, sells men's clothing that comes with a full breakdown of the social and environmental consequences of its production. You can easily find cheaper shirts from retailers with looser standards, but many customers are willing to pay more for the peace of mind that comes from buying something in harmony with their own values. And in August 2019, 32 fashion brands at once, including both luxury Chanel, Ralph Lauren and Prada, and mainstream H&M and Zara, signed the "Fashion Pact," aimed at reducing the industry's greenhouse gas emissions and promoting sustainability principles. Apple's 153 partners around the world recycle end-of-life electronics. The recycling program has diverted 151,504 tons of waste from landfills since 1994. The company recycles more than 70 per cent of its end-of-life gadgets and computers.

Sustainability is not only a new trend but also a vital necessity. Our planet's resources are dwindling and at rock bottom, and if we do not start trying something, it will all inevitably lead to terrible consequences. In addition, a recent study by New York University showed that it is sustainable and green products that are most popular.

Okay, we have learned that for corporations to take care of nature is necessary not only from a benefits standpoint but also from a business term. So how do we get started then? What attempts should we make? Here are a few options:

1. Investing in natural resources. Environmentally sustainable businesses should look for ways to reduce their use of fossil fuels by using natural or alternative fuels. In addition, companies should encourage employees to give up their cars and use bicycles or public transportation. 

2. Responsible Consumption.  Companies should encourage responsible consumption by educating consumers to make more informed decisions about their purchases, considering the place of origin, production conditions, ingredients, packaging, the sustainability of the product life cycle and other criteria related to environmental sustainability.

3. Resource substitution. Companies should reduce or replace their dependence on energy and materials derived from resources extracted from the bowels of the earth. This will help us solve the problem of the depletion of natural resources.

4. Replacing packages. There are 51 trillion micro plastic particles in the ocean today - 500 times the number of stars in our galaxy. Reuse or recycle packaging, replacing plastic packaging with eco-friendly materials that degrade quickly or, ideally, durable containers that can be reused will help our eco-system.

Of course, the above recommendations do not fit all businesses; they have to tailor everything individually by industry. Nevertheless, even putting just one of the recommendations into practice can make a big difference.

References: New York university survey https://fortune.com/2019/11/05/sustainability-marketing-consumer-spending/

 
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  • Dormant user Shirin Shukhratova
 
 
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6 Comments

  • Debbie Mentor says :
    Hi Shirin,

    This is your mentor Debbie. :)
    
I can??t believe so few companies are taking responsibilities for the greenhouse emissions! That??s very astonishing. But look at us, even politically, many countries are trying to avoid paying for the emission tickets they have previously agreed on.

    As someone who love fashion, I??m super glad to hear about the fashion industry doing their parts to help the environment. I like it how your article at the end gives us insightful suggestions too. Keep up with the work, Shirin!

    Green Cheers! :D

    Debbie
    Posted 20-03-2021 01:20

  • Yuseon Mentor says :
    Hi Shirin, this is your mentor Yuseon:D

    Thank you for your well written thematic report!
    I found the research you cited quite surprising. Is it really true that only 100 corporates are responsible for global greenhouse gas emissions?

    Anyways, good examples on fashion companies working hard to save the environment.
    Can't agree more with your opinion that Sustainability is not only a new trend but also a vital necessity. Like you've shown us some ways to work for the environment ourselves, wish many of us could keep this is mind and put it to act!

    Thanks,
    Yuseon
    Posted 19-03-2021 14:38

Sudura Zakir

  • Justice Obiri says :
    Great report there Shirin, please since this is the Thematic Report, kindly label it as Businesses and the Environment [Thematic Report], it helps the mentor to easily identify them and count them when the term ends. Green Cheers!
    Posted 13-03-2021 11:04

Vazira Ikhtiyorova

  • Vazira Ikhtiyorova says :
    Hi Shirin! Thank you for the very informative post you share with us. Also, I am glad to see an ambassador from Uzbekistan. Green cheers!
    Posted 12-03-2021 00:44

Elina  Haber

  • Elina Haber says :
    I love the way you write and how easy it is to understand your sentences. You made the topic more interesting! Businesses should now start practicing these recommendations.
    Keep sharing!

    -Elina
    Posted 12-03-2021 00:44

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