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Essay / Sustainability of a Dairy Business - 1354
Sustainability is one of the important things that the business should think about and maintain in order to make the business sustainable. There are 3 factors for business sustainability, these factors are: Economic, Social and Environmental. In this report, Dairy Farm international holding Ltd identified its sustainability. The result of this report is that Dairy Farm international holding Ltd. has done well in corporate sustainability. We can see this by looking at their social environment efforts and also their financial performance under sustainability indicators. One of the key environmental indicators is that the dairy farm cares about the environment through its Green Ambassador program. The goal of the program is to promote energy savings and the reduction of plastic bags. Even though they perform well on this key sustainability indicator, they still need to continue to improve their sustainability so that they can remain sustainable in the future. One of the suggestions in this report is that they are suggested to maintain good financial performance and continue to improve it in order to remain sustainable in the future.IntroductionAs a business, sustainability is very crucial these days . They must be sustainable in three aspects: social, environmental and economic. In this report, we will identify the sustainability of Dairy Farm international holding Ltd. in Singapore through TBL's triple bottom line (social, economic, environmental). It will also be a question of whether they are already working well or are not sustainable. Suggestions for future decision making are also provided in this report. The dairy farm group is a leading pan-Asian retailer. In December 2013, based ...... middle of paper ...... lity of their company and also for their CSR. However, some improvements and innovations are still needed to make the dairy farm more sustainable in the future. Suggestions for the future of dairy farm sustainability are: Firstly, it would be good if they had a green policy that every member of the dairy farm group should follow. Secondly, there are many things we can do regarding environmental factors for sustainability, for example by implementing the 3R principle (Reuse, Reduce, Recycle). Third, regarding financial performance, they must remain good and continue to improve financial performance in order to make the company more sustainable for the future. Fourth, in terms of social factors, they can provide training, more security to their employees and organize more social events like charity work etc. With all this they can be more sustainable in the future..