ACCA PM Syllabus E. Performance Measurement And Control - Sustainability - Notes ^{7 / 7}

It's not sustainable to ignore the environment in which organisations operate.

There is a growing demand for eco-friendly products and processes like electric vehicles. This presents both challenges and opportunities

Sustainability means meeting present needs without compromising future generations' ability to meet their own needs.

Poor environmental behavior can harm organisations in several ways:

1. Fines for pollution or regulatory breaches

2. Increased liability for environmental taxes

3. Reputational damage

4. Loss of sales or consumer boycotts

5. Difficulty securing finance

6. Loss of insurance coverage

7. Reducing material, energy, and water usage not only helps the environment but also cuts operating costs. 

   Likewise, focusing on waste reduction improves efficiency and lowers material expenses