Firms should consider creating green supply chains rather than following a few environmental practices
The United Nations Millennium Development Goals and the World Bank Group’s global practices have recognised sustainability as an essential issue of global importance. Economic, social and other forms of sustainability have evolved over the years, but it is environmental sustainability that has gained significant popularity.
Environmental sustainability is understood as buying greener products, avoiding hazardous materials, energy optimisation, and waste reduction. While some firms are still reluctant to engage in environmentally beneficial activities as they are afraid to compromise on the economic benefits, some others have positioned environmental practices at the forefront due to legislation, and industry and government commitments. In several firms, high importance has been…