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What do businesses consider when implementing sustainable production? (Select all that apply)

a. Environmental impact
b. Cost-effectiveness
c. Social responsibility
d. Speed of production

User K S
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Final answer:

Businesses implementing sustainable production consider environmental impact, cost-effectiveness, social responsibility, and speed of production. These elements help ensure a balance between profitability and sustainability in alignment with corporate social responsibility objectives.

Step-by-step explanation:

When businesses consider implementing sustainable production, they take into account various factors that align with their corporate social responsibility goals and financial objectives. Some of the key considerations include:

  • Environmental impact: Assessing the effect production has on the environment including resource depletion, pollution, and greenhouse gas (GHG) emissions.
  • Cost-effectiveness: Balancing the financial investments necessary to adopt sustainable practices against long-term cost savings and efficiencies.
  • Social responsibility: Considering the social implications such as working conditions, community impact, and contribution to societal well-being.
  • Speed of production: Determining if adjustments for sustainability will affect the production timeline and how this influences market demand and supply chain.

These factors are essential when deciding on a business strategy that supports a balance between profitability and sustainability.

User Seb Kade
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