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Recap: What Is Business Sustainability?
As discussed in the Intro To Business Sustainability lesson, business sustainability is an approach that aims for long-term business growth whilst mitigating negative effects on the environment. In this lesson, we'll discuss the importance of sustainability in businesses.
What Is The Importance of Business Sustainability?
Let's dive deeper into the importance and value of sustainability in businesses:
Consumer awareness: Environmental and social awareness is becoming more wide-spread. This means consumers are becoming more knowledgeable and cautious of how their actions affect the environment and other people. Nowadays, transparency is seen as a strength and businesses that are open about their sustainability efforts and ethical practices are favored.
Long-term cost savings: Practicing sustainable solutions can lead to business savings in the long-run. Eco-friendly practices like reducing waste, using energy-efficient systems
Motivation for employees: Businesses that prioritize sustainability attract motivated and talented people that want to help make a positive change
Mitigating risk: With climate change, scarcity, and other problems related to natural resource changes, sustainable businesses are the most prepared for the future.
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