Sustainability Policy

Question: Explain about the sustainability policy in Australia. Answer: Organization working with: Veolia in Australia and New Zealand is the only environment solutions of the region which consist of the environment solutions organization. It has specific capabilities regarding waste water and water treatment, services of waste and recovers services, management of energy, maintaining services of industrial cleaning. The ethical responsibility of the organization is to create value regarding the management principal and conduct of the business. As being a part of the sound risk and hazardous management, there are certain principals regarding the conduct of the business. The main objective of the company is to understand and support the customer achievements. All managers, employees, contractors and visitors are made responsible for being aware and complying of this policy. Research conducted on Sustainable policy: Business and industrial organizations in Veolia have various new approaches to develop and contribute the society and the environment in regards to future. Veolia has recognized their economic goals which can be complemented by social as well as environmental targets. These areas deal with sustainable flourishment and cultural life which is inter dependent. Sustainable policies cover the environmental and the dimension based on the social development of sustainability (Bocken et al., 2014). Basically sustainable development of Veolia covers four broad areas of function which includes: The uses of price which encourages the individual as well as the agents to take the full cost regarding the degradation of the environment in the decision. To develop economic growth, there is the implementation of economic growth. To make the contribution strengthen the international trade and investment towards the development of sustainability worldwide The methods and techniques of policy writing: Sustainability has its importance especially in the public sector and also in the government sector with various kinds of environmental targets. It can be stated that the suppliers in the public sector must be following the suit of sustainable policy which is very often stipulated when they wish to make a contract (Boons et al., 2013). There are certain benefits of well written sustainable policies which include: To meet the current environment-related legislation. To save money regarding waste and recycling. The efficient increase in the supply chain. To differentiate from the competition. To improve reputation within the stakeholders. Needs and Interest of Stakeholders Stakeholders are regarded as a key component in the field of sustainable development because of the following reasons: Stakeholders must be engaged as soon as possible rather than later than to develop a more effective strategy and materials. If the issues are understood properly, then there will be a better application for the organization as well as the proper approaches. Sustainability has become very important for all scales of companies as the stake holders approaches are very essential. Internal education, as well as external engagement in the companies, is prioritizing as internal key holders (Coomer, 2013). Sustainable policy opinion and its advantages and disadvantages: Sustainable policies are regarded as the policies of meeting human development goals. Senior management is regarded responsible for the formulation of sustainable development policy and also for the establishment of specific objectives. It also consists of certain social elements as well as alleviation regarding poverty as well as equity distributions. Management should always incorporate the expectation of the shareholder regarding the brand policy statement (Matos Silvestre, 2013). There are various advantages and disadvantages of for organizations and various stakeholder groups: Advantages include: Renewable energy well renewable; Environmental benefits; Reliable energy sources; Economical benefits; Stabilize energy prices; Disadvantages include: Reliability of supply; Difficult to generate in large quantity; Large capital cost; Requirement of large tracts of land; Final recommendations for policy: The tips which help for policy option based on effectiveness, time frames and cost includes: To keep it simple- There should be one page to clear and succinct with necessary information to stakeholders. To keep it real- Strategies and objectives should measurable and achievable. Link it as much as possible existing to mission. Align with other policies- In order to avoid overlapping there should be standard quality management. Dont reinvent the wheel- Policies available on internet, use as these are template to create an application on own business (Matos Silvestre, 2013). Reference list: Bocken, N. M. P., Short, S. W., Rana, P., Evans, S. (2014). A literature and practice review to develop sustainable business model archetypes.Journal of Cleaner Production,65, 42-56. Boons, F., Montalvo, C., Quist, J., Wagner, M. (2013). Sustainable innovation, business models and economic performance: an overview.Journal of Cleaner Production,45, 1-8. Coomer, J. C. (Ed.). (2013).Quest for a Sustainable Society: Pergamon Policy Studies on Business and Economics. Elsevier. Matos, S., Silvestre, B. S. (2013). Managing stakeholder relations when developing sustainable business models: the case of the Brazilian energy sector.Journal of Cleaner Production,45, 61-73.