Sustainable Development in Business

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Sustainable Development in Business

EXECUTIVE SUMMARY

This report is aimed at analyzing and studying the advancement and the

operation strategies for sustainable development. Information was

gathered, using business articles, on the strategies and techniques

required for sustainable development.

Sustainable development is not only important and essential for

environmental protection and socially well-being, but also for certain

economic goals a business may want to achieve. Much of the business

community is unaware of proper sustainable development policies;

sustainable management issues are often brought into awareness by risk

management channels.

The River Basin Management in the European Union (EU), has implemented

public participation in the planning and management process.

Communities are brought in to be involved with the development of

strategy and the delivery of these plans by means of management and

operations. There is a urge for companies to build their long-term

business strategies around three elements: ecosystem understanding;

economic growth; and social responsibility.

Technology cooperation is an important part of the strategy for

sustainable development, for it contributes to all aspects of

sustainable development: environmental, social and economic.

Technology cooperation involves cooperation in the transfer of skills

and knowledge; and sharing technology contributes to many gains to

society as a whole. It also benefits in improving efficiency, as well

as increasing knowledge and skills of a nation’s workforce.

Coordination amongst companies and stakeholders to act responsible is

propose...

... middle of paper ...

...g the initiative to

conduct sustainable development policies.

REFERENCES

==========

Briassoulis, Helen. “Sustainable Development and its Indicators:

Through a (Planner’s) Glass Darkly.” Journal of Environmental Planning

and Management (2001): 409-427 pp. Online. 18 February 2005.

Available

Chalk, Liz & Malcom Newson. “Environmental Capital: An Information

Core to Public Participation in Strategic Operational Decisions-The

Example of River ‘Best Practice’ Projects.” Journal of Environmental

Planning and Management (2004): 899-920 pp. Online. 18 February

2005.

Available

International Institute for Sustainable Development. “Business

Strategy for Sustainable Development: Leadership and Accountability

for the 90s.” Deloitte and Touche and the World Business Council:

Pg.1-19 Online

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