Question 1

As a business owner, design a comprehensive sustainability program for your business. Outline your business plan and detail various sustainability practices, including at least two specific practices. Additionally, discuss strategies for maintaining these practices over the long term to ensure business sustainability.

Additional points for Question 1:

• Describe your business plan, emphasizing key goals and objectives.
• Explore different sustainability practices such as waste reduction, energy efficiency, or sustainable sourcing.
• Discuss strategies to sustain these practices for long-term viability, such as employee training, partnerships with eco-friendly suppliers, or incorporating sustainable practices into company culture.

Question 2

What is Economic Sustainability?

For Question 2, elaborate on the 3Ps of sustainability in business:

Economic sustainability refers to the ability of a business or economy to support itself over time without depleting its resources or causing irreversible damage to the environment. In the context of sustainability, the "3Ps" stand for People, Planet, and Profit.

• People: Economic sustainability involves considering the social and human impacts of business activities. This includes fair wages, safe working conditions, and community engagement.

• Planet: Businesses must operate in ways that minimize negative impacts on the environment. This can include reducing carbon emissions, conserving natural resources, and adopting renewable energy sources.

• Profit: Economic sustainability requires businesses to generate profits while maintaining ethical practices and long-term viability. It involves balancing financial goals with social and environmental responsibilities.

By integrating these three pillars of sustainability into business practices, companies can achieve economic sustainability while contributing positively to society and the environment.