70.2K

Verified Solution

Link Copied!

In order to maintain a business/company's sustainability, it has to obtain and analyse information on sustainability policies, strategies and impacts on industry from a range of sources, the sources can be either from internal and external sources. Internal information sources can including:-

* organisational vision and mission,

* role and task instructions, organisational policies and procedures,

* code of ethics,

* code of practice,

* Standard Operating Procedures(SOPs),

* health and safety practices and safety procedures,

* technical instructions

* resource information

* work mates and team mates

* the product instructios designed to accompany the business' products/services

* customer satisfaction and product/service performance feedback,

* staff records

* accounting records

* long range planning records,

* company reports

* business documents (letters & memos)

* records of customer communications.

Other information on sustainability policies including:

1/. corporations legislation

2/. consumer protection legislation

3/. Australian standards relating to greenhouse gases

4/. Department of Climate Change reporting legislation

5/. National Environment Protection reporting legislation

6/. Greenhouse Gas Protocol

7/. Global Reporting Initiative(GRI)

8/. Sustainability initiatives in standards, guidelines and approaches such as:-

* carbon trading *

ecological footprinting

* green office program

* green purchasing

* greenhouse challenge plus

* life cycle analyses

* product stewardship

* sustainability covenants and compacts

* triple bottom line reporting.

Based on the above informations available to an organisation, discuss (100-120 words) on how an effective used/operation of the information would guarrantee the organisation's prospersity and sustainability in terms of its environmental performance, economic performance as well its impact on its social environment, especially If the organisation is in a financial sector? (Please type up your answer)

Answer & Explanation Solved by verified expert

See Answer