Topic > Sustainable development and businesses - 1044

Environmental, social and economic issues have been emerging in society and businesses for decades now. Only recently have these issues attracted widespread attention within society; by sustainable development the majority recognizes that it means “development that meets the needs of the present without compromising the ability of future generations to meet their own needs” (Commission 1987). This essay will examine ANZ's practices as a sustainable company and examine their ecological, economic and social environments. Sustainability is a concept that supports strong economic, environmental and social development within the company. Through this practice, the company will be able to fully understand the importance of preserving these developments as it grows. Since the introduction of sustainable development, global businesses have engaged in this practice to differentiate themselves from competitors. The aspects in which the practice is able to benefit the organization are financial, branding, environmental and employment factors. Economic, environmental and social are the three pillars of sustainability. The economic aspect focuses on the nature of the direction of the economy in which the company operates. People in the Western world are big consumers. In fact, we consume far more than our fair share. Meanwhile, the population of developing countries is exploding in demographic terms, with some even aspiring to have high-consumption lifestyles. We need a sustainable economic model that ensures fair distribution and efficient allocation of our resources. This pillar ensures that our economic growth maintains a healthy balance with our ecosystem. The environmental aspect focuses... at the center of the card... food from St Laurence's Given a Chance refugee employment programme. This gives refugees skills and experience to join the ANZ workforce. The Diversity and Inclusion area ensures ANZ is socially sustainable by ensuring we create an inclusive and equitable workplace. ANZ's latest Financial Inclusion and Capability area focuses on managing money for its customers, stakeholders and businesses to achieve economic sustainability. As a bank it is vital that ANZ has good money management. ANZ has money saving programs, policies and partnerships to address these issues. ANZ encourages its customers to have good money management skills by helping them understand how to use their financial products and services. This allows ANZ to build an excellent reputation and trust among internal stakeholders and customers, as a bank. A good example of this is ANZ's MoneyMinded