Company Law for Business Essay Example | Topics and Well Written Essays - 2000 words

Company Law for Business - Essay Example It is known to all the consumption and burning of fossil fuel lead to environmental pollution as these activities increases the carbon emission level. High carbon emission level is one of the major reasons behind these growing effects of global warming. The temperature of earth surface is increasing day by day due to massive fossil fuel burning. Looking into these aspects, governments of several countries developed several environmental policies for business organization to limit the consumption percentage of fossil fuel. However, these policies and legal barriers forced the organizations to focus on sustainable business practices. In addition to this, market and customer’s demand for green and environment friendly products. Slowly and gradually, the organizations tried to search for substitute energy sources that can harm less to environment. In addition to this, emergence of advanced technology helped organizations to consider the aspect of green business operation strategy. On the other hand, sustainable business practices helped organizations to avoid legal and political threats. However, corporate social activities are considered as the part of sustainable business strategies. Water recycling, maintaining zero solid waste, reduction of carbon emission, charitable functions for the development of communities and other sustainable business activities are adopted by several organizations to maintain high brand vale and meet current market demand (Hannigan,. 2009, p.71). History of CSR In the year 1990, the leading organizations started to understand the significance of several types of CSR programmes and activities. It was important for the organization to undertake different business strategies to sustain in the competitive business environment. In... This essay approves that governments of different countries are monitoring the business performance of the organizations along with its corporate and business culture. A profitable organization can face several legal and political challenges if the organization does not follow any kind of ethical code, labour standard or environment policy. It is clear from several survey reports that stakeholders are attracting more to those organizations who maintain all the corporate social responsibilities. CSR is not only about maximizing profit and revenue, but also taking care of social and communal aspect through these business outcomes. This report makes a conclusion that leading global firms are focusing on corporate social responsibility activities to maintain sustainable business practices. Recently, the demand of stakeholders and customers are shifting to green business strategies and effective environment friendly business outcome. Earlier the business organizations tried to fulfil social needs by investing in the community and society from the business profit. It created setbacks for several organizations as it increased operational cost. Recently, the organizations are focusing on environmental sustainability in order to maintain their CSR. It is important for the organizations to fulfil all the social and environmental needs through sustainable business strategies in order to attain high brand image.