SustainabilityCorporate sustainability is an issue that continues to garner increased attention and importance for shareholders, consumers, and companies alike.Since 2004, Corporate Knights, a Canadian media firm, has published a list of the top 100 sustainable companies in the world. The efforts and profitsamong those highest on the list demonstrate that companies are increasingly able to adopt strategies that are socially and environmentallyresponsible and financially lucrative. Consider Umicore, the top company on Corporate Knight?s 2013 Global 100 list.Umicore is a Belgian-based materials technology firm recognized for its treatment of their employees, the products it produces, its profitability,and its efficiency. According to Doug Marrow, Corporate Knight?s vice president of research, ?Relative to its global peers in the materials industrygroup, the company squeezes more revenue out of each resource input (including energy and water), while generating less externalities (greenhouse gasemissions and waste)? (Smith, 2015). However, Umicore?s efforts extend beyond its own sustainability strategies. According to Morrow, ?They generateover half of their revenue by selling products that help other firms improve their sustainability performance, such as energy efficiency? (Smith,2011). The company has, in effect, created a comprehensive business model based on sustainability.To prepare, consider the implications of expanding the definition of sustainability to include economic and social elements. Think about howimplementing a strategy for improving sustainability can benefit the organization you chose for your SSP.By Day 4 of Week 6, post a 3?4 paragraph response. Apply systems and sustainability principles to develop a sustainability strategy. Identify threeactions that the organization you chose for your SSP can take to implement a more sustainable business strategy. Explain the potential systemicbenefits of each action included in the sustainability strategy. Explain the relationships between sustainability and other organizational goals,such as managing quality, building learning organizations, and improving adaptability. Explain the benefits of the organization exploiting thoserelationships. Explain the ethical implications of implementing a strategy for improving sustainability for that organization.Extend the conversation by identifying implications for practice or research, as well as for your own research agenda, where appropriate. Be sure tointegrate one or two new related and engaging questions that will extend the Discuss (check midcourse.net for the help you need)ion about your post in constructive ways. Try to think of aquestion(s) that will engage your peers in critical analysis and thinking about your organization, which may provide insight for your use as youcontinue preparing your sections of the major Weeks 4 and 7 Sustainable Solutions Paper (SSP) due in this course.
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