Creating Environmentally Sustainable Food -Myassignmenthelp.Com

Question: Discuss About The Creating Environmentally Sustainable Food? Answer: Introduction: In the current era, every organisation is attempting to explore innovative technology in the market. After accomplishing the objectives of the organisation, it is crucial to maintain the sustainable position through implementation of the powerful monitoring system (Amran, Lee and Devi 2014). In this report, the intention is to analyse the current state of sustainability reporting of Nestle, which includes social dimension, economic dimension and environmental dimension. Nestle is one of the biggest health, nutrition and wellness organisations, which offers superior quality products and services to its customers. It is headquartered in Switzerland having global employee base of more than 200,000 (Nestle.com 2018). Moreover, the report aims to illustrate the implications for different stakeholders in relation to financial decision-making. Current state of sustainability reporting of Nestle: In this specific dimension, the social culture is a significant factor for an organisation to develop. Nestle has formed its business globally and it has become familiar with the facts of the product closely associated with the social and eating habits of the customers. According to Anderson and Abensour (2017), the organisation has concentrated on the growing strategy and it has respected diverse traditions and cultures. In addition, the organisation has integrated into the tradition and cultures, in which it is present along with strengthening the cultural and social diversity and it considers the religion, nationality, race and gender. It believes that the activity of the organisation would result in providing long-term benefits to the community. Thus, Nestle is thinking from the global perspective with the help of commitment and local action. The organisation has shown its commitment to various cultures and its values. These are primarily from the roots of origin and developing a cross the world, in which it has been established. Economic dimension: In the words of Aswani and Swami (2017), agriculture plays a crucial role in most of the global nations. It is the primarily role related to economic growth and prospect development of vast majority with the developing nations. About 70% of the people are residing in the rural areas and they depend completely on farming for their livelihood (Buhr, Gray and Milne 2014). In this respect, Nestle has offered considerable job opportunities to the individuals to involve in agricultural jobs and it provides consulting advice to the farmers for developing the cultivation effectively. The economic dimension of sustainability relies on the indirect and direct economic effects, which the organisation operates in relation to the surrounding community and the shareholders. In addition, it has contributed its operations with the help of local tax base and thus, support is provided to the government in terms of revenue (Ceulemans, Molderez and Van Liedekerke 2015). This is because tax holds the base and it has considerable influence on the formation and distribution of wealth of the organisation. Nestle has valuable license to operate in almost all of the global nations, which has resulted in creation of trust among the customers in believing in its product quality. Environmental dimension: According to Bebbington, Unerman and O'Dwyer (2014), the environmental dimension acts as the key to sustainable development and hence, it could be termed as the social responsibility pillar. Generally, the environmental effects denote the negative results such as climate change and soil erosion. Sometimes it takes into account over-utilisation of non-renewable energy and natural resources along with deforestation (Edgley, Jones and Atkins 2015). Thus, negative effect on the organisation would be created. The calculation of environmental effect could be made by ascertaining the output and input table along with ecological footprints. Nestle has encountered various issues in the environment in relation to deforestation and climate change. In order to overcome these issues, it has applied feasible strategies along with maintaining competitive position in the food industry. It has shown its commitment to the environmental challenges and responsibilities have been changed from conventiona l mode of operation to environment-oriented. Nestle has executed the system of environmental management, which is an effective method for improving the overall environmental performance. Particular areas to sustain for Nestle: As commented by Ioannou and Serafeim (2017), one of the focus areas is the social aspect, which would help an organisation to sustain amongst the rivals. Most of the organisations are concentrated to address the social responsibility by taking into account the social effect of the organisation. This takes into consideration the organisation with the individuals associated with the supply chain. It denotes the management and the stakeholders for formulating the action plan in order to contribute well-being and the societal interest. Nestle has succeeded to maintain huge customers from the global nations by providing superior quality products along with providing adequate importance for the shareholders. In addition, it has managed to maintain effective relationship with its global customers by providing superior quality services with durability and safe services. The fair source of advertising and trading has helped in increasing the business standard of Nestle in the history of the food industry. In addition, it has concentrated on the staff responsibility and it has provided effective benefits to the deserving staffs. The social responsibility of a staff is more in contrast to the former employee contract. Thus, the staffs are the main strength of the organisation, which is the main reason they are considered as the assets of the business. In this aspect, Nestle has provided identical opportunities to all its staffs regardless of age, gender and religion. Moreover, the organisation has concentrated on increasing the health prosperity and stability of the customers where it operates its business segments. Despite the stringent competition for Nestle, it has assured the leading position in the global market by focusing on the major areas and expressing its powerful strategy. Implications for various stakeholders in relation to financial decision-making: As laid out by Jones, Comfort and Hillier (2016), it is significant for an organisation to display sound progress in the economic level. This is because it would enable in exploring the inner capabilities by expanding its business operations in the global nations. The investment is considered to have an effective source for the economic development of the nation. Hence, developing long-term value with the consumers and shareholders is the primary strength of surviving among the rivals in the market (Junior, Best and Cotter 2014). Thus, the accounts need to be managed with the income statement. This would help Nestle in taking a step forward in improving its business profits. Moreover, the exchange rates have direct effect on the largest food company, which is Nestle. Since Nestle is involved in making various food products, it has immense scope in various global nations and this would be reflected in the export of products. There is increase in trading of these products among the customers because of the services and quality. In addition, Nestle has experienced considerable increase in sales margin, which is beyond the market growth rate. In addition, constant growth is necessary without any impact on trade. Thus, it has concentrated on the major areas in developing its business to a greater level. The organisation has concentrated continuously in meeting the customer demand along with increasing the quality of products for increasing the value of money (Miah et al. 2015). With the help of technological developments and apprentice programs for the staffs, Nestle has managed to create long-term sustainable development for maintaining its healthy financial position in the global economy. Finally, it has sponsored the cultural events and local sports for the community, which has helped in increasing its popularity in the global community. Hence, it has took care of all the associated stakeholders, which has helped in undertaking financial decisions for increasing its overall productivity and profitability. Conclusion: Based on the above discussion, it could be evaluated that the significant factor and the main strategy in maintaining the organisational stability is sustainability. This is because the development of the sustainable strategy would enable in staying alive in the competition along with allowing for moving further to develop its business operations. By gaining an insight of the marketing condition of the economy, Nestle has implemented its sustainability measures providing insight into the measurement of its business operations. Nestle has encountered various issues in the environment in relation to deforestation and climate change. In order to overcome these issues, it has applied feasible strategies along with maintaining competitive position in the food industry. It has shown its commitment to the environmental challenges and responsibilities have been changed from conventional mode of operation to environment-oriented. The fair source of advertising and trading has helped in increasing the business standard of Nestle in the history of the food industry. In addition, it has concentrated on the staff responsibility and it has provided effective benefits to the deserving staffs. The social responsibility of a staff is more in contrast to the former employee contract. Moreover, the organisation has concentrated on increasing the health prosperity and stability of the customers where it operates its business segments. Despite the stringent competition for Nestle, it has assured the leading position in the global market by focusing on the major areas and expressing its powerful strategy. References: Amran, A., Lee, S.P. and Devi, S.S., 2014. The influence of governance structure and strategic corporate social responsibility toward sustainability reporting quality.Business Strategy and the Environment,23(4), pp.217-235. Anderson, J. and Abensour, J., 2017. 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