Question

) You are a manager for a large company that sells products and sources materials internationally. A new competitor has entered the market. It had been determined that to differentiate your company from similar companies, you will need to start competing on sustainability as well. What does sustainability mean to your firm, and what might you look to implement in the future

Answer 1

Explanation:

Companies are entities that can cause potential damage to the environment, by using scarce natural resources and by the way of production, which can release pollutants into the atmosphere, etc.

Organizational sustainability, therefore, means joining the organization's efforts to reduce its negative environmental impacts and protect the location in which the company operates.

A good option for companies that want to implement sustainability in their processes is to look for environmental certifications that provide specific requirements and policies for companies to reduce their impacts and generate continuous improvement, such as the implementation of an Environmental Management System.

Corporate sustainability can mean long - term strategic and competitive advantages such as reducing waste, increasing the company 's value and reliability, attracting investors, satisfying stakeholders, etc.