Sustainability

Sustainability Sustainability it concerned with adopting production methods so that resources can be used now, but can also be used by future generations.

Examples of sustainable practices Sustainable practices include: recycling minimising waste production replacing resources where possible e.g. replanting trees used in paper manufacture using renewable resources where possible instead of non-renewable resources minimising pollution and carbon footprint

Purpose of sustainable practice Reasons for adopting sustainable practices include: Improved reputation Ability to attract customers and investors who value such practice Cost reductions – if fewer materials are being wasted for instance

Costs of sustainable practice Some costs may increase e.g. paying workers fairly in supplier countries (although this may be outweighed by the cost reduction of other sustainable methods)

Government intervention Government intervention to encourage sustainability includes: Taxation e.g. Landfill Tax, excise duty on fuel, congestion charging Fines for excess pollution Provision of information to firms and consumers