With every new sustainable development businesses around the globe are changing their strategies and shifting towards sustainability in the corporate world. However, there are many devastation natural disasters that can be linked with our negative impacts to the globe. A significant trend towards eco-friendly businesses, services and products is being observed today.
Some companies today are emphasizing on carbon neutrality, reducing their carbon footprint on the globe, and taking advantage of modern technology, improving efficiency in management, logistics, and marketing strategies to minimize carbon emission, wastage, and fuel consumptions.
Sustainable businesses of the future
Our sustainable future depends on planning our future in a sustainable way. It includes all the products and services and making changes in our lifestyle as well as planning our cities in sustainable way. It is not an easy task in the developing countries to plan the cities and change municipal facilities into sustainable methods.
More than 80% of the world’s population is in the developing countries, and the combined GDP of these countries surpasses that of the rich countries. By 2050, there will be 3 billion people added in the pop developing countries. Distribution of wealth and technology is one of the factors in developing countries, making sustainable progress difficult task.
Poverty is a major challenge for majority of countries in Africa and Asia. About one third of the world’s population lives on less than $2 a day, and people suffer from lack of nutrition and other shortages of basic necessities of life and resources such as lack of clean water, medical facilities, electricity, transportation or shelter.
Urbanization of the third world countries will increase the demands for clean source of energy and other resources. Global sustainability cannot be achieved without the vast majority of population living below the standards of living, and companies around the world are recognizing the need for sustainable ways of meeting the basic necessities of the vast population.
Consumption of natural resources by the third world countries will further put pressure on global ecosystem, and so, the conventional way of business will not be helpful for sustainability. The leading businesses of tomorrow will align their business ventures and strategies in accordance with the future demands for a sustainable society. Businesses leaders will anticipate the needs of global sustainability and will identify feasible business solutions which will highly impact the economy and global population.
Creating a sustainable future
Sustainability has gone mainstream in the corporate world of the USA, but it hasn’t become global yet. Although many companies are integrating sustainability issues in their global code of conduct, hire sustainability officers, promote their sustainability products and strategies, and take other incentives to promote global sustainability into their global chains, the demand for global sustainability is still three and there are many tools that business leaders can use to gain global sustainability. The global sustainability cannot be reached until a bridge between the rich and poor, the East and the West, and all corners of the nation can come under the same even common ground. The first step to solving this problem is educating the developing countries and to grow awareness among the general population.
Steps for sustainable business
The way economy operates in a global setting has changed significantly over the last decade. Today, human activities play a major role in how our environment and ecosystem is shaped and performs. Human beings have grown to such numbers and our technology and science has grown to such extent that we are in control of our ecosystem and alter it at global scale.
The first step is to collaborate globally on all sustainable issues. The need for global collaboration to address global issues is now more significant than ever for the ecosystem and sustainability of human race placed within the ecosystem.
The second step is to recognize how market is placed and adjust businesses according to the global market and global needs. The market need will and to adjust according to the global issues that we face. The role of corporation will adjust and redefine as the sustainable issues change.
The third and most important step is the continuous business education and global awareness so that businesses evolve to correct itself and adjust according to the sustainable issues faced globally to meet the current challenges.
Overall, awareness of sustainability among general consumers has been increasing, and it has been observed that given a choice, people will choose eco-friendly or sustainable products. regular consumer products such as food, clothing, cleaning products, all have sustainable alternatives today, and they are no longer more expensive or inconvenient from the regular consumer product, so it is an easy option for consumers to use sustainable products. Soon, all business will produce only sustainable products, and employ sustainable methods in their business strategies and operation. Many companies that lead the global business chains today are already implementing sustainable codes of conducts in their business processes that reduce carbon emission, fossil fuels, consumption of natural resources, and uses clean, reusable source of energy sources in their business operations.