Question

Though sustainability initiatives are admittedly often driven by regulatory requirements, an increasing number of companies are noticing that they frequently result in decreased operating costs and increased revenues. Recent research has shown a strong and positive link between successful sustainability strategy and corporate value. Sustainability can enhance businesses in several ways. Explain and analyze how one organization/company in the Kingdom of Saudi Arabia is benefiting from the sustainability initiatives

Answer 1

Given Data:  Though sustainability initiatives are admittedly often driven by regulatory requirements ,an increasing number of companies are noticing that they frequently result in deceased operating costs and increased revenues.

--- Sustainability initiatives are the measures taken by a firm , company or a country which leads to the development in such a way that the present generation is able to take full advantage of it and the future generation does not have to compromise anything because of it.

---Lately,many economies have made it compulsory for the companies to take sustainability initiatives in the firm's activities like that of production ,distribution etc... Due to this regulatory requirement ,many firms have noticed that not only these initiatives are good for the environment, but also ,they are helping the firms in actually reducing the operating costs and increasing the revenues of the firm.Further, they are helping the firms in increasing their value and the goodwill.

---Suppose there is a company in Saudi Arabia which has started taking the sustainability actions.

---First of all, it will help the economy, which is rich in having the crude oils, but lacks other essential natural resources, to safe the resources for the future generation.

---Second,it will teach the firm , employees and the people to efficiently use the resources and how to deal with the scarce resources.

---Finally, it will reduce the wastage of the resources and will teach the rich economy to think about the chances of losing it all and to come up with the alternatives to support the economy in the future,it will give a way to the people to continue having the same lifestyle that they currently have and maintain it in the future.