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Integrating UN Sustainable Development Goals in Business: A Case Study on Goal 12 and ACI Limited in Bangladesh SDG4035

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Added on: 2024-09-04 05:40:38
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    SDG4035

Introduction

This case study concentrates on the significance and significance of the UN SDGs to worldwide & company operations. The goal is to analyse the overall intention of the UN SDGs, examine uses of just one SDG to business and talk about an instance of a business carrying out sustainable practices in Bangladesh through CSR programmes. Thematic areas addressed are the concepts and targets behind the UN SDGs, how those objectives are now being applied to business practices and just how CSR applications are now being put into action following the UN SDGs. This analysis will talk about just how worldwide sustainability initiatives may be embedded into business practices for economic, social and environmental advantages.

Question 1

The UN SDGs would be seventeen interconnected worldwide Goals adopted in 2015 by the United Nations General Assembly (Saxena et al., 2021). These goals are oriented towards a number of worldwide issues, including poverty, environment degradation, climate change, inequality, justice and peace. The four axes of these objectives are human, social, human and environmental sustainability (United Nations Sustainable Development, 2024). One will find goals and indicators of progress for every objective. For instance, Goal 1 is designed to end poverty "everywhere" and ensure financial viability by inclusive growth and social safety methods (United Nations Sustainable Development, 2024). Their principles are universality, interconnection and leaving nobody behind the holistic development approach needed for sustainable development for almost all (United Nations Sustainable Development, 2024).
The UN SDGs were formulated to deal with the main global problems impacting individuals and the earth (The Global Goals, 2024). The objectives have been set to provide a global framework for cooperation and action. Evidence and figures indicate that these goals are urgent. For example, based on the World Health Organization (2023), about 735 million individuals are hungry compared to 613 million in 2019 illustrating the demand for Goal 2: Zero hunger. Moreover, Climate Change is highly risky; global temperatures are likely to increase by 1.5'C above preindustrial levels by 2030, needing immediate action under Goal 13: climate action (The Global Goals, 2024). The UN SDGs were created to generate worldwide action to deal with these crucial challenges for a sustainable future (Nhamo et al., 2020).

Question 2

Responsible Consumption & Production (Goal 12) of the UN SDGs is essential to establishing Sustainable practices in companies worldwide (Jacob-John et al., 2021). This particular target aims at ensuring resource effectiveness, waste reduction and alternative business methods for consumption and production patterns. Current worldwide production and consumption practices are unsustainable and cause resource scarcity, environmental degradation and serious social injustices (Glavi? et al., 2021). "By 2050, the planet will likely be required to satisfy the natural resources demand for our present lives," the United Nations states in 2023. Goal 12 targets resource efficiency, recycling and corporate sustainability (Ellen MacArthur Foundation, 2024). Companies could make use of techniques to help you integrate operations with Goal 12 and promote global sustainability work. For instance, they could have more waste-and eco-friendly production processes (Elsheikh et al., 2022). This might include embracing circular economy concepts like product design for lengthier life cycles, recyclability, and resale. Ellen MacArthur Foundation (2024), the circular economy redefines growth to produce positive societal returns. It entails steadily disconnecting business activity from finite resource consumption and designing waste from the system.

Companies can improve accountability and transparency by integrating sustainability indicators into reporting, consistent with Target 12.6 of the UN SDGs (Ellen MacArthur Foundation, 2024). Goal 12.6 particularly motivates businesses to become sustainable and include sustainability details to their reporting cycle (Awuah et al., 2023). This allows businesses to evaluate progress to sustainability targets and present outcomes to stakeholders. For instance, worldwide consumer goods giant Unilever claims to source 100% of its agricultural raw materials sustainably by 2023. This particular dedication also lowers its carbon footprint and also supports sustainable farming across the planet (Ghosh et al., 2020). With Target 12.5, businesses can concentrate on lowering waste generation by prevention, reduction, and recycling. Companies can bring down their environmental impact by taking waste management measures. For instance, manufacturers might invest in technologies which increase production efficiency and waste reduction. They may even produce recycling and reusing programmes, allowing a circular economy. Huge furnishings merchants like IKEA are among them, which are dedicated to being a circular company by 2030 (IKEA, 2023). This includes utilising only renewable or even recycled materials in products and product design with long life cycles. Companies also can practise sustainable supply chain management by partnering with vendors that can be sustainable (Kassaneh et al., 2021). This might include selecting raw materials from environmentally friendly sources and handling fair labour situations throughout the supply chain. In this way, businesses can help encourage sustainable manufacturing patterns and support the overall Goal twelve. For instance, outdoor apparel brand Patagonia features a sustainable supply chain management process. The company partners with vendors with good ecological and community standards that produce responsibly (Eyo-Udo et al., 2024).

Question 3

ACI Limited is a leading conglomerate based in 1968 and also based in Bangladesh, a rapidly - growing nation in South Asia. (Aci Bd, 2024). ACI Limited is among the nation's biggest & amp; most diverse businesses, active across pharmaceuticals, household goods and agrobusiness. It employs thousands and contributes considerably to the national economy via its substantial industry presence and innovative business approaches (Aci Bd, 2024). ACI Limited has incorporated Goal twelve of the UN SDGs Responsible Consumption & Production in its CSR programs (Aci Bd, 2024). The company focuses on waste reduction and resource efficiency, in line with Goal 12 goals of minimizing waste development by avoidance, reduction, recycling & reusing (Target 12.5) and encouraging sustainability across its activities (Target 12.6). ACI Limited has shown sustainability through its business methods which conform to these objectives (Aci Bd, 2024).

ACI Limited has created natural product packaging strategies to minimize environmental footprint. The company also lowers plastic waste footprint by utilizing recyclable and biodegradable packaging materials for packaging, and that will help the planet (ACI Limited, 2024). ACI Limited also has adopted energy efficient technologies in its production processes which conserve electricity and greenhouse gasses emissions. These actions are consistent with the general objective of a sustainable consumption and production patterns. ACI Limited runs customer education programs to promote sustainability (ACI Limited, 2024). The company creates a sustainability culture inside the society by instructing customers on green products and responsible usage. With such programs ACI Limited illustrates how companies are able to make use of Goal 12 to direct their company in delivering sustainability and the UN SDGs (ACI Limited, 2024). By embedding sustainability in its business and also addressing Goal twelve, ACI Limited illustrates exactly how companies can be involved in advancing worldwide sustainability while enhancing business activities and societal impact.

Conclusion

This particular case study analysis has shown the relevance of UN SDGs to global sustainability and their use in business activities. By examining the general objective of the UN SDGs, identifying how companies can work with particular objectives to guide their actions and also showcasing a case study of CSR which meets the goals, this particular analysis has demonstrated exactly how sustainable development can help solving worldwide issues. ACI Limited's integration of Goal 12 illustrates exactly how companies can support the UN SDGs via better social impact and business practices.

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  • Uploaded By : Nivesh
  • Posted on : September 04th, 2024
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