Extended Diploma in International Business and Strategy
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ELECTRONIC
ASSIGNMENT COVERSHEET |
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Course/Unit
Information |
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Course |
Extended Diploma
in International Business and Strategy |
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Course Code |
GP39 04 |
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Unit Name |
Sustainability
and Business |
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Unit Code |
HX3Y 04 |
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Instructor
Information |
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Name |
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Assignment
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Full/
Part Assignment |
Full Assignment |
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Date
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Student
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Your assignment should meet the following requirements.
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The first page is completely labeled with my name, instructor
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I have completed and ticked the declaration page. |
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report. |
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I have strictly followed Harvard Referencing Style and Citations. |
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STUDENT DECLARATION I hereby confirm that this assignment is my own work and
not copied or plagiarized. It has not previously been submitted as part of
any assessment for this qualification. All the sources, from which
information has been obtained for this assignment, have been referenced as
per Harvard Referencing format. I further confirm that I have read and
understood the Westford rules and regulations about plagiarism and copying
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LEARNING
OUTCOMES AND ASSESSMENT FEEDBACK
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Summative Feedback:
Overall
Feedback on current work with emphasis on how the student can further improve
in future. |
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The
following grading criteria will be applicable for the course, Executive Diploma
in International Business and Strategy:
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Marks |
Grade |
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70 to 100 |
A - Distinction |
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60 to 69 |
B - Merit |
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50 to 59 |
Pass |
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40 to 49 |
Fail with Resubmit |
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0 to 39 |
Fail with Retake |
GENERAL GUIDELINES
(Please
read the instructions carefully)
1.
Complete
the title page with all necessary student details and ensure that the signature
of the student is marked in the declaration form.
2.
All
assignments must be submitted as an electronic document in MS Word to the LMS
(Use 12 Times New Roman script).
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All
assignments must be submitted with an accompanying Turnitin report.
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Assignment
that is not submitted to the LMS by the prescribed deadline will be accepted
ONLY under the REDO and RESIT submission policy of Westford.
5.
The results are declared only if
the student has met the mandatory attendance requirement of 75% and/or a
minimum of 50% under extenuating circumstances approved and ratified by the
Academic Director. The student has to repeat the module (with additional fees
applicable) if the attendance is below 50%.
6.
The assignment should not contain any
contents including references cited from websites like www.ukessays.com, www.studymode.com, www.slideshare.net,
www.scribd.com.
7.
Students can refer Wikipedia as a source of
information, but the references cited in Wikipedia must be mentioned.
8.
Submit the assignment in a MS Word
document with the file name being:
First Name Last Name_ abbreviation of the
subject.
Example: John
Smith_SB
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Student information and signature intact. |
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Font style and size used as instructed. |
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Harvard Referencing Style is strictly followed. |
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Assignment |
Sustainability and Business
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Learning Outcome 1: Appraise the multiple dimensions of
sustainability for businesses in the context of global challenges.
▪
PC
1.1: Demonstrate a critical awareness of global current issues and
sustainability challenges of a specific industry. ▪
PC
1.2: Demonstrate a critical understanding of the role of business (strategy
& operations) in achieving the UN sustainable development goals. ▪
PC
1.3: Discuss the effects of global warming, resource scarcity, population
growth and loss of biodiversity on a specific business or industry.
Learning Outcome 2: Critically review, evaluate, and
develop sustainability strategies of organisations.
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PC
2.1: Critically review the existing business strategies of an organisation in
relation to sustainability. ▪
PC
2.2: Discuss how implementation of innovative business strategies have
addressed the sustainability challenges. ▪
PC
2.3: Formulate a sustainable strategy for an organization. ▪
PC
2.4: Critically evaluate the role of leadership in achieving sustainability
objectives.
Learning Outcome 3: Critically analyse the strategic
alignment of the business functions to its sustainability.
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PC
3.1: Critically analyse the role of HR in driving sustainability in
organisations. ▪
PC
3.2: Discuss the importance of sustainability reporting and the
sustainability report of an organization. ▪
PC
3.3: Discuss financing challenges and solutions for sustainable. ▪
PC
3.4: Discuss sustainability and its influence on production & design
Learning Outcome 4: Critically analyse an
organisation’s global sustainability and your contribution to the impact on
global sustainability.
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PC
4.1: Critically review the effects of sustainability on supply chains. ▪
PC
4.2: Evaluate global best practices in ethical sourcing. ▪
PC
4.3: Critically review the impact of regulations & international codes on
sustainability. ▪
PC
4.4: Discuss your leadership role in making an identifiable contribution to
global sustainability in your organisation. |
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Assignment Task 1 |
Case Study [55 Marks] [2500-3000 words] |
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The Garment
Industry in Bangladesh: A Human Rights
Challenge |
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Keeping the paper by Peter and
Sarah Stanwick as a frame of reference, please submit a compelling essay.
Please ensure that you: |
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(Firstly, start with an academic
definition of sustainability and demonstrate a general understanding of the
term. Then use the case as a point of reference, highlighting the issues
reported (e.g., human rights violation
– child labor, gender inequality, minimum wage, working conditions etc.). Basically, highlight the current state of
the garment industry in Bangladesh today. Articles, both academic and
non-academic can assist here. Students should discuss the challenges of
implementation of these initiatives in the in the garment industry. (Such as political agenda, corruption,
stage of economic growth, absolute poverty) and the key areas that need
immediate attention. Discuss the UN SDGs in brief and link their objective to
this discussion.)
(To begin with, what are supply chains? What is sustainable procurement or SCM? In the apparel supply chains what responsibility do
fast fashion firms have ? What is the responsibility of their supply chain
team? Should they be promoting
recycling? Should they do business with ethical suppliers? In other words,
should firms ensure that they conduct business with suppliers who treat
employees fairly or treat them with dignity? And what about whether the goods
and services sourced are ethical?
These questions can be addressed. You will have to read about some
of the market leaders who have adopted sustainable practices/initiatives in
the apparel industry to be able to address this part. You can start by discussing the current situation
pertaining to ethical sourcing in the apparel industry https://www.fibre2fashion.com/industry-article/6737/doing-something-different. Global
best practices (read : https://www.sgtgroup.net/textile-quality-management-blog/4-brands-going-the-extra-mile-to-ensure-ethical-sourcing) https://www.just-style.com/analysis/steps-to-a-more-sustainable-fashion-sourcing-model_id136707.aspx Some
companies that are leaders in ethical sourcing – Patagonia,
Everlane, Levi’s, Polo RL You can
read through the Ethical Fashion Report. https://www.business-humanrights.org/sites/default/files/documents/FashionReport_2019_9-April-19-FINAL.pdf In brief,
you can also discuss ethical sourcing standards.)
(Go through Slides on Key
Sustainability Leadership Competencies and Sustainability and Leadership.
Discuss the role of leaders in sustainable development. You can analyse the
CEOs and heads of sustainability in the chosen organisation from the list
provided above. Here, you can analyse the strategies formulated by CEOs of
more than one organisation such as Benetton, Joe Fresh, Mango etc.
Recommendations provided should be backed by citations from credible
sources.)
(To formulate strategies, you
can refer to research articles, and strategies suggested by experts and
market leaders in the apparel and other relevant industries. Successful
strategies can also be benchmarked with. You can use the ‘Shared Value’
framework to discuss the strategies. Read: ●
https://hbr.org/2016/10/the-ecosystem-of-shared-value ●
http://farmhub.textileexchange.org/learning-zone/collaborative-learning-series/creating-shared-value ●
https://csrprofessional.wordpress.com/2012/12/08/shared-value-idea-of-hennes-mauritz/
(Discuss the role of HR in
general in embedding sustainability organisations in general and then funnel
it down to fast fashion firm’. Refer to slides and videos from the
lectures. Read: https://www.sagepeople.com/about-us/news-hub/hr-sustainability-tips/# https://sloanreview.mit.edu/article/the-crucial-and-underappreciated-role-of-hr-in-sustainability/
ASSIGNMENT TASK :
01
TITLE: THE GARMENT INDUSTRY IN
BANGLADESH: A HUMAN RIGHTS CHALLENGE Abstract: The garment
industry in Bangladesh is a major economic driver, but it has faced intense
scrutiny due to sustainability and human rights concerns. This case study
examines the key challenges, strategies, and leadership dynamics within the
industry.It critically examines the roles of CEOs and HR in fostering
sustainability by analyzing global best practices and shared value
frameworks. It also offers actionable recommendations for improving working
conditions and driving sustainable change.The case study underscores the
pivotal role of leadership in addressing the garment industry's human rights
challenges and advancing sustainability.. Introduction: The global
garment industry, a vast and intricate network of fashion production and
distribution, has grown into one of the world's largest and most influential
sectors. This industry transcends geographical borders, cultures, and
economies, shaping not only our wardrobes but also the broader economic and
social landscapes. As an engine of economic growth and job creation, it
occupies a central position in the global marketplace. Among the
nations that have become integral to the fabric of the garment industry,
Bangladesh has emerged as a pivotal player. Nestled in South Asia, this
country has carved a niche for itself as a major node in the global garment
supply chain. Its factories churn out apparel for some of the world's most
renowned fashion brands. However, behind the glamour of fashion runways and
glossy catalogs lies a complex web of challenges and responsibilities,
particularly in the realms of sustainability and human rights. 1:Sustainability and human rights Human rights
and sustainability have risen to the top of the list of concerns for the
apparel sector.Connected technologies and rapid economic growth make it
necessary to address ethical and environmental concerns.Bangladesh's
contribution to global ready-made apparel exports has gained significance in
this situation.This case study explores security and human rights issues of
global importance as well as the multifaceted path of Bangladesh's garment
industry.The following pages look at business-related topics such as child
labor, gender inequality, bad jobs, and unemployment.Along with their
responses, prominent business executives shared their perspectives on how
CEOs and HR specialists influence development and advancement.In the evolving
fashion business, this case study highlights the significant link between
culture, sustainability, and ethics. 2. Understanding Sustainability in the
Garment Industry In the
context of the apparel sector, sustainability goes beyond simple
environmental concerns. It includes a multifaceted strategy to make sure that
fashion products are produced, sold, and consumed in a way that is ethical
from a social, economic, and environmental perspective. Sustain-ability's
fundamental goal is to satisfy existing needs without compromising the
capacity of future generations to satisfy their own needs. Sustainability
is understood in academic discourse as the harmonious fusion of the three
fundamental components of environmental responsibility, social equality, and
economic viability. This three-pronged strategy suggests that producing
economic benefit for all stakeholders while also ensuring fair labor practices
and minimizing environmental consequences are essential components of real
sustainability in the apparel sector. The
achievement of these goals depends heavily on sustainable supply chain
management (SCM) and procurement practices. Supply chains in the clothing
business are complex, frequently spanning many countries and including a
large number of middlemen. By carefully choosing suppliers who uphold ethical
and environmental norms, sustainable procurement may make sure that the
entire supply chain runs sustainably. In this context, effective SCM entails
streamlining operations, cutting waste, and minimizing environmental impact. Fast fashion
companies, famous for their quick turnaround times and low prices, are
crucial for advancing sustainability. Their impact is felt not only by how
quickly they can adjust to shifting customer demands but also by how easily
they can put new, environmentally responsible practices into place. The
complexity of sustainability in the apparel sector is explored in more detail
in the following sections, along with the specific initiatives and problems
that have shaped Bangladesh's and other countries' sustainable fashion
scenes. 3. Important Sustainability Concerns in the
Clothing Industry The clothing
business has long struggled with a long list of sustainability issues, many
of which have their roots in grave human rights abuses. These problems affect
the lives of numerous garment workers along the supply chain, especially in
places like Bangladesh. Human Rights
Breach: The clothing industry's otherwise vivacious exterior is tainted by
human rights breaches. Child labor is a serious issue since it deprives
children of their childhood and educational chances. The fact that women are
disproportionately impacted by harassment, unequal pay, and restricted
professional advancement shows that gender inequality still exists. Workers
are frequently forced into a position of ongoing poverty by inadequate
minimum pay. Long hours, dangerous workplaces, and a lack of sufficient
benefits are all characteristics of poor working conditions, which put
workers' health and safety at considerable risk. Overview of
Bangladesh's Garment Industry at the Present Time: Bangladesh, known as a
global leader in textile production, is in the thick of these issues of
sustainability and human rights. Millions of people labor in the bustling
garment industry, which is vital to the country's economy. It is also one of
the most vulnerable to systemic problems, though. The sector's expansion has
come at a cost, as regular instances of industrial fires, explosions, and
worker strikes have brought attention to the urgent need for thorough
reforms. U.N.
Sustainable Development Goals (UN SDGs) relevance: The Sustainable
Development Goals (SDGs) of the United Nations offer a framework for
resolving these issues. The sustainability difficulties facing the apparel
sector are intimately related to a number of SDGs, including Goal 8 (Decent
Work and Economic Growth), Goal 5 (Gender Equality), and Goal 12 (Responsible
Consumption and Production). To promote fair and ethical practices that
protect the rights and well-being of those contributing to the industry, all
stakeholders brands, governments, manufacturers, and consumers must work
cooperatively to achieve these aims. The methods
and programs used by market leaders like Patagonia, Everlene, and Levi's to
address these issues and build a more sustainable and just future for the
global apparel industry are covered in greater detail in the following
sections. 4. Ethical sourcing and sustainability
strategies Check out
the world's best ethical sourcing practices: In the
apparel sector, ethical sourcing entails a dedication to ethical and
sustainable practices throughout the supply chain. A number of international
best practices have arisen as examples for others to imitate: 1.
Transparency in the supply chain: Companies are releasing more details about their
suppliers' factories and working conditions. By ensuring responsibility and
identifying areas that require improvement, openness helps. 2.
Supplier Audits and Assessments: It's crucial to routinely inspect and evaluate supplier
factories. Companies like Nike and Adidas use stringent auditing procedures
to make sure that manufacturing follows moral and environmental guidelines. 3. Fair
Wages: It's
important to pay employees a fair wage. Living wage efforts have been
implemented by companies like Patagonia to ensure that their employees are
paid enough to support themselves and their families. 4. Health
and Safety: In
industries, certain health and safety regulations need to be implemented.
Regular audits and compliance inspections can lower accidents and enhance
working conditions, especially when they're combined with worker training on
safety procedures. 5. Gender
Equality: Advance
gender equality by giving women in the workforce equal opportunity, combating
sexual harassment, and ensuring that they have access to maternity and
childcare benefits. 6. Sustainable Materials Use materials that are kind to the planet, like
recycled materials and organic cotton. 7. Ethical Sourcing Certifications Choose brands that have been certified by
organizations like Fair Trade and GOTS. This means that they follow fair
labor practices and use sustainable materials. Referring
to the "Shared Value" Framework: The "Shared Value" framework emphasizes that
companies can succeed by generating wealth not only for their shareholders
but also for society as a whole. Recommendations are consistent with this
framework because they promote environmentally friendly behaviors that are
advantageous to both businesses and the communities where they operate. Economic
Value: Fair pay and
better working conditions can increase employee productivity and retention,
which will eventually be profitable for firms. Social
Value: Promoting
worker empowerment and gender equality makes communities stronger and raises
social value. Environmental
Value: Encouraging
the use of environmentally friendly materials and minimizing waste are in
line with being environmentally responsible and minimizing ecological impact. Shared
Value: By
implementing these suggestions, businesses and their stakeholders will
benefit. This common value promotes long-term sustainability and supports the
industry's social license to operate. These
suggestions offer a roadmap for companies and producers looking to modernize
Bangladesh's apparel sector. By adopting the "Shared Value"
concept, they can bring about significant change, enhance working conditions,
and enhance the lives of numerous garment workers. 8. HR's
Contribution to Sustainability Analyzing
HR's Role Critically: The human
resources (HR) divisions of garment companies are crucial in promoting
sustainability. Their duties go much beyond managing recruiting and payroll.
A thorough examination demonstrates how HR can play a crucial role in the
effort to achieve sustainability. 1.Talent
Acquisition:Talent
acquisition is the first step in HR's duty. The organization's sustainability
ideals should be actively sought after by HR experts. This includes bringing
on staff with knowledge of ethical and sustainable business practices. 2.
Training and Development: HR divisions play a key role in putting sustainability training
programs into action. This includes teaching staff members about responsible
environmental stewardship, ethical sourcing practices, and business
sustainability objectives. 3.
Compliance and Audits: HR teams work closely with legal and compliance departments to make
sure the company complies with environmental and labor laws. They are crucial
in ensuring compliance and dealing with any infractions. 4.
Employee Engagement:
By including staff members in sustainability efforts, HR promotes a culture
of sustainability. This involves setting up venues for staff members to offer
suggestions, take part in volunteer activities, and promote environmentally
friendly practices within the company. 5.
Performance Management: Performance evaluations might include sustainability objectives. HR
experts can evaluate and reward staff members based on their contributions to
sustainability initiatives. 6. HR
should support efforts promoting diversity and inclusion: Diverse perspectives and a
diversified workforce can foster innovation and generate novel concepts for
sustainable practices. 7.
Reporting and Transparency: To develop transparent reporting methods, HR departments work with
sustainability teams.They guarantee the availability and accuracy of data on
sustainable performance. Responsibilities
of HR in Putting Sustainable Practices into Practice and Monitoring Them: The
following critical areas are included in HR's duties in adopting and
overseeing sustainable practices: 1. Policy
Development: HR is
essential in ensuring that sustainability policies are drafted in a way that
ensures they are consistent with the organization's goals and values. 2.
Education and Communication: HR creates educational initiatives to convey sustainability
objectives and standards to workers at all levels. Driven by effective
communication, awareness and action can be increased. 3.
Monitoring and Reporting: To measure indicators, monitor progress, and provide reports on
sustainability projects, HR teams work with sustainability departments. They
ensure that organizational processes are aligned with sustainability goals. 4.
Employee Well-Being:
HR is in charge of making sure sustainability practices don't have a
detrimental effect on employee well-being. Goals for sustainability are
balanced with the demands of the workforce. 5.Conflict
Resolution: In
situations involving moral conundrums or disputes pertaining to
sustainability, HR acts as a mediator, assisting in finding solutions that
are consistent with the values of the organization. In
conclusion, HR plays a variety of roles in promoting sustainability within
the apparel industry. It goes beyond compliance and includes hiring,
educating, and promoting a sustainable culture. Ensure that these principles
penetrate every facet of the organization by working with HR experts to
pursue ethical and sustainable practices. 9.
Conclusion Our voyage
has revealed crucial insights into sustainability and human rights in the
complex world of the clothing industry, where threads traverse countries and
cultures. We have negotiated a field that, while adorned with the appeal of
fashion, is nevertheless tangled in a web of difficulties. Our
investigation got underway when we realized that sustainability is not just a
catchphrase but a commitment to balancing economic viability, social
equality, and environmental responsibility. Given the size and scope of the
business, these concepts are especially important in Bangladesh, a key
location for the production of clothing worldwide. Important
sustainability challenges, such as gender inequality, child labor, and poor
working conditions, serve as vivid reminders of the sector's abuses of human
rights. Bangladesh, a significant player, struggles greatly with these
problems. We have
observed the transformative potential of ethical sourcing tactics used by
market leaders like Patagonia, Everlene, Levi's, and Polo Ralph Lauren,
drawing on international best practices. These businesses have shown that it
is possible to combine purpose with profit. We observed
the significance of visionary thinking, adaptability, cross-functional
collaboration, systems thinking, stakeholder engagement, and transparency as
critical competencies for leaders in the apparel industry as we examined the
role of CEOs and HR in managing reputational crises and promoting
sustainability. Our
suggestions for improving working conditions and promoting sustainability
highlight the interdependence of the development of economic, social, and environmental
values. These strategies, which are based on the "Shared Value"
paradigm, serve as a road map for a better future for all stakeholders and go
beyond simple directions. In
conclusion, our experience confirms that sustainability in the clothing
industry requires constant effort. It is an appeal for action, a steadfast
commitment to balancing gain and values, and a persistent pursuit of a
fashion industry that not only looks good but also does good. Let's keep in
mind that progress is a journey, not a destination, as we move forward
towards a more sustainable tomorrow. REFRENCES: 1.Stanwick, P., & Stanwick, S.
(2017). Understanding Business Ethics. Sage Publications. This book
provides a foundational understanding of business ethics, serving as a
reference for ethical considerations in the garment industry. 2.Fibre2Fashion. (n.d.). "Doing
Something Different." This article
explores innovative approaches to ethical sourcing and sustainability in the
fashion industry, offering valuable insights for our case study. 3.SGT Group. (n.d.). "4 Brands
Going the Extra Mile to Ensure Ethical Sourcing." This source
highlights examples of fashion brands that have excelled in ethical sourcing
practices, serving as case studies for ethical strategies. 4.Just-Style. (2019). "Steps to a
More Sustainable Fashion Sourcing Model." This
analysis outlines steps toward a sustainable fashion sourcing model,
providing key principles for our recommendations. 5.Business & Human Rights Resource
Centre. (2019). "Fashion Revolution Fashion Revolution Fashion
Revolution Fashion Revolution Fashion Revolution Fashion Revolution Fashion
Revolution Fashion Revolution Fashion Revolution." This report
sheds light on the fashion industry's human rights challenges, serving as a
reference for discussing issues in Bangladesh's garment industry. 6.Harvard Business Review. (2016).
"The Ecosystem of Shared Value." This article
introduces the concept of shared value, which underpins our recommendations
for creating value through sustainability. 7.Textile Exchange. (n.d.).
"Collaborative Learning Series: Creating Shared Value." This source
expands on the shared value concept and offers guidance on collaborative
approaches to sustainability. 8.Business of Fashion. (n.d.).
"Op-ed: Share Value Across the Whole Fashion Supply Chain." This op-ed
discusses the importance of sharing value throughout the fashion supply
chain, aligning with our shared value framework. 9.CSR Professional. (2012).
"Shared Value: The Idea of Hennes & Mauritz." This source
provides insights into H&M's shared value approach, offering a relevant
case study for sustainable strategies. 10.ResearchGate.
(2017). "The CSR Challenges in the Clothing Industry." This
research paper delves into corporate social responsibility challenges in the
clothing industry, informing our discussions on sustainability issues.
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Assignment Task 2 |
Report [40 Marks] [2000-2500 words] |
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Submit a report with the aim to discuss the linkages
between business operations and the environmental and societal challenges
with regards to sustainability. For this task, you can choose industry you
currently work in, or an industry you are familiar with as a frame of
reference, to answer all questions given below. |
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(Discuss global warming,
resource scarcity, population growth and loss of biodiversity as separate
sub-headings. You can start by discussing the impact of each on business in
general and then analyse specific impact on you chosen industry. Arguments
must be supported by citations from credible academic and non-academic
sources. Do not just describe but critically analyse (review the challenges,
compare contrast with other industries in brief).)
(You can discuss how financing
needs differ across industries, countries, and regions. You can discuss with
experts in your company or industry, reach out to people on LinkedIn and
understand the challenges and the plausible solutions. You can insert their
feedback as quotes in your answer. Arguments should also be supported with
articles on the topic of financial challenges in sustainable development.)
(Discuss the role of innovation
and technology in sustainable development in general. Review some existing
technologies that have transformed or are transforming your industry. What is
the scope of further development? You can discuss aspects of circular economy
here. Use of clean energy and updated machines, virtual organisations to
reduce footprint, waste management using sophisticated technology can be
looked at. Read articles on technology and sustainable development in your
respective industries. You can discuss aspects such as sustainable design
principles and lean management and implementation of these concepts in design
and production. For example, in construction industry, lean can be
implemented through standardization, modularization, using sophisticated
software such as BIM, through efficient design that plans for rain and grey
water management, light, air movement etc. Functional obsolescence can also
be discussed. Ethical practices in the manufacturing industry such as minimum
wages, safe working conditions and equal opportunities can also be included
in the discussion.)
(You must discuss the role of
codes, label, and certifications in general. Review some of the key codes,
labels, and certifications in your own industry. Are they being rigorously
adopted? Will they be useful in embedding sustainability? How transparent would
they need to be? Present your arguments well in a critical fashion. You can influence the management
by demonstrating the benefits of being more sustainable – you may discuss
aspects of risk management, cost savings, reputation building, employee
satisfaction, having a stable supply chain and attracting green investors etc.)
(Start by discussing the
importance of sustainability reporting – why organisations should reveal the
impact of their strategies and operations on the environment and the society.
Investments in making the business more sustainable should be discussed. The
benefits (ROI) of putting sustainable strategies in place can be highlighted.
The graphs, table, charts, and other relevant data can be included in your
assignment clearly explaining and interpreting the implications.)
ASSIGNMENT
TASK : 02 REPORT Abstract: With a focus
on sustainability, this report critically investigates the connections
between corporate operations and societal and environmental issues in the
garment industry. It evaluates the effects of laws and international
standards and the function of standards, labels, and certificates within the
sector. The necessity of sustainability reporting and methods for persuading
management to adopt sustainable practices are also covered in the paper. This
study sheds light on the useful applications of sustainability efforts
through an interpretation of a sustainability report from RANA PLAZA. Based
on these findings, suggestions are given for improving sustainability in the
sector. 1:Induction: This
research critically examines the relationships between business operations
and societal and environmental challenges in the clothing sector, with a
focus on sustainability. It assesses the implications of regulations and
global norms as well as the role played by standards, labels, and
certifications within the industry. The article also discusses the necessity
of sustainability reporting and strategies for convincing management to
embrace sustainable practices. Through an analysis of a sustainability report
from RANA PLAZA, this study illuminates the beneficial applications of
sustainability initiatives. On the basis of these conclusions,
recommendations are made for enhancing sustainability in the industry. We will
examine the effects of laws and international standards before moving on to
discuss the function that codes, labels, and certifications have in promoting
sustainability. We'll look at ways to influence management to support
sustainability as well as the value of sustainability reporting.
Additionally, we will analyze a sustainability report from RANA PLAZA to
provide concrete insights into the practical effects of sustainable
practices. This study
acts as a compass, pointing stakeholders in the direction of a future in
which company operations are not only successful but also sustainable,
accountable, and resilient. We believe the findings presented here will show
the way to a more sustainable and prosperous future for all. 2: Integrating Sustainability into Business
Operations: Sustainability
has emerged as a keystone for long-term profitability and ethical corporate
citizenship in the dynamic world of modern business. The essential link
between sustainability and business operations in the context of the garment
industry is explored in this section. Sustainability
as a Concept: At
its most basic level, sustainability refers to the capacity to satisfy
current demands without compromising the capacity of future generations to
satisfy their own needs. Sustainability in the context of business operations
denotes a dedication to carrying out operations in a way that minimizes
adverse effects on the environment and society while also maximizing economic
gain. It goes beyond the confines of short-term financial goals and places a
strong emphasis on resource preservation and the welfare of all stakeholders. The
Economic, Environmental, and Social Triple Bottom Line The Triple Bottom Line
(TBL) concept, which consists of three interconnected dimensions: economic,
environmental, and social, is a cornerstone of sustainability in business. Economic
Sustainability:
This aspect emphasizes the value of profitability and financial viability.
Businesses that are sustainable not only make money but also effectively
manage resources, reduce waste, and invest in cutting-edge technologies that
lower costs over the long term. Environmental
Sustainability:
Being environmentally responsible means reducing the impact that business
operations have on the environment. This entails cutting back on energy use,
decreasing waste and pollution, protecting natural resources, and
implementing eco-friendly practices and technologies. Businesses must take
aggressive measures to address climate change and biodiversity loss because
they understand that these issues pose serious dangers to their operations. Social
Sustainability: In
the social component, relationships with stakeholders like consumers,
communities, and employees are encouraged. Fair labor practices must be
upheld, diversity and inclusion must be encouraged, community development
must be supported, and social inequality must be addressed. Businesses that
place a high priority on social sustainability frequently experience improved
brand recognition and worker happiness. Benefits
of Sustainability Integration over the Long Term: Choosing to include sustainability
into business operations is a wise long-term investment, not just a
charitable one. Businesses that embrace sustainability get various advantages
beyond adhering to rules and fulfilling social expectations. Risk
reduction: Sustainability
practices assist in detecting and minimizing risks related to social and
environmental issues, which lowers the possibility of expensive disruptions. Saving
money: Sustainable
practices, such as cutting waste and improving energy efficiency, can result
in long-term savings that boost earnings.By proving to clients, partners, and
stakeholders that the firm is dedicated to sustainable development, the
reputation and competitiveness of the business will be improved. Resilience: Sustainable business practices help
organizations respond more effectively to armed conflict and other long-term
dangers like climate change.In other words, including sustainability in
company operations is required, not simply morally or ethically right. It is
a long-term success plan that strikes a balance between obligations and
rewards to make sure the business prospers while leaving a positive legacy
for subsequent generations. Impact of
International Codes and Regulations: A complex
web of laws and international standards has a big impact on the
sustainability landscape in Garment industry. In this part, we explore these
regulatory frameworks' substantial effects and how they affect
sustainability. Impact
analysis:
International standards and regulations are crucial in influencing
sustainability practices inside the garment industry. They act as a compass,
directing companies towards ethical practices that take into account social
and environmental issues in addition to revenue. These restrictions
frequently include detailed specifications about emissions, resource use,
waste management, and social responsibility, requiring businesses to rethink
their plans and adjust to a shifting environment. Key Rules
and Regulations:
The garment industry operates within a framework defined by several rules and
international standards. Adoption
Level: Businesses
within the garment industry implement these rules and codes to varying
degrees. While some business executives wholeheartedly support these
sustainability initiatives, others may lag behind because of worries about
the costs of compliance or a lack of knowledge. But it's becoming more and
more clear that compliance is not only a legal need but also a tactical
necessity. Businesses that proactively follow these standards typically do
better on sustainability measures. Possible payoff: Companies in the clothing industry will gain many benefits from compliance with international laws and standards.Compliance management helps reduce legal and reputational risks related to social and environmental issues. Failure to comply may result in fines, legal action and damage to the business's reputation. Market access: The application of special international laws can make it easier for companies to enter a market and establish a new business in a strictly regulated region. 4: The role of codes, labels, and certificates in
promoting sustainable development: In the pursuit of sustainable development Garment Industry,
numbers, labels, and certificates are important in supporting practice and
teaching. Powerful tools for customers. This section examines their basic
roles and provides information about their effects and importance. Promote sustainability: Numbers, labels, and
certifications can help promote sustainability in the garment industry. They
work as guides that guide businesses and consumers to make environmentally
and responsibly sound choices. This process establishes standards and
expectations, providing a basis for evaluating the security credentials of
products, services, and organizations. 4: The role of codes, labels, and certificates in
promoting sustainable development: In the pursuit of sustainable development Garment Industry,
codes, labels, and certificates are important in promoting practice and
demonstrating A and vehicles to customers. This section examines their basic
roles and provides information about their effects and importance. Promote sustainability: Numbers, labels, and
certifications can help promote sustainability in the garment industry. They
work as guides that guide businesses and consumers to make environmentally
and responsibly sound choices. This process establishes standards and
expectations, providing a basis for evaluating the security credentials of
products, services, and organizations. Here are some specific examples of key codes, labels, and
certificates related to the garment industry: Fair Trade: This certification ensures that farmers
and workers in developing countries receive a fair price for their goods. Global Organic Textile Standard (GOTS): This
certification ensures that textiles are made from organic fibers and produced
in a sustainable and ethical manner. Responsible Down Standard (RDS): This
certification ensures that down and feathers are sourced from animals that
have been treated humanely. Better Cotton Initiative (BCI): This
certification promotes sustainable cotton production. Forest Stewardship Council (FSC): This
certification ensures that wood and paper products are sourced from
sustainably managed forests. Organic Content Standard (OCS): This
certification verifies the organic content of textiles. Recycled Content Standard (RCS): This
certification verifies the recycled content of textiles. Adoption and ability to secure: The seriousness of
adoption will vary depending on the garment industry. While some
organizations accept these security standards wholeheartedly, others may view
them as an additional burden. But it is important to know that compliance
with specifications, ratings, and certifications often leads to real results. Consumer Trust: Products and services with security
guarantees guarantee consumer trust. Consumers are increasingly looking for
assurance that their choices are consistent with their values, and these
labels provide that assurance. Market Access: Many international markets require
specific access standards. Organizations that obtain the relevant
certifications have access to a wide range of customers. Competitive Advantage: Sustainability-conscious consumers
often seek products and services with reliable labels. Embracing this trend
can provide a competitive advantage and potentially increase sales and market
share. Resource Efficiency: Meeting sustainability
certification requirements often involves optimizing resources, reducing
waste and ethics, and leading to long-term savings.The need for transparency
The validity of codes, labels, and certificates depends on transparency. In
order for this process to be reliable and effective, l It must have proven and clearly defined standards. l There is a review and a fact check. l Explain the benefits of complying with these standards. Provide customers with accessible information about
products or organizations that include these articles.Transparency is
important to ensure that rules, regulations, and certifications in the
garment industry fulfill their role in promoting sustainability. It increases
consumer trust, encourages informed choice, and ultimately leads businesses
to adopt more responsible and ethical practices. As security becomes the
foundation of customer preferences, these systems will play a key role in
shaping the future of business. 5: Impact on Management: The consequences of complying with rules and regulations
for management are important to the implementation of the role in Garment
Industry. This section outlines strategies to address the benefits of
sustainability, financial support, risk mitigation, and stakeholder
engagement. Adoption Tips: Delivering ROI (Return on Investment): Demonstrating
how a security plan can generate a good return on investment is a powerful
strategy. Management will be more concerned when it sees sustainability as a
financial decision. Current research and insights into how sustainability
saves costs, increases revenue, and improves long-term outcomes. Mitigation: Explain the role of security in reducing
risk. Environmental and social risks can result in liability, loss of
reputation, and operational disruption. By following security policies and
guidelines, organizations can prevent these risks and create safer and more
efficient operations. Supply Chain Stability: Sustainability policies and
guidelines often extend to partners in the supply chain. Explain how the use
of sustainable practices can improve supply chain sustainability by reducing
the risk of disruption, improving customer relationships, and ensuring equity
between products.Engage staff in projects and explain how they support a
moral and responsible workplace to increase employee happiness. Employee
happiness has the potential to improve organizational stability and increase
management decision support. Reputation Building: Describe the significance of
reputation in modern society. Following security guidelines can improve an
organization's reputation and boost customer trust. Gaining market share and
a competitive edge can be attributed to a positive reputation. How to Draw Green Investors: Investors are favoring
businesses with excellent sustainability credentials more and more. Inform
management how adopting sustainability can draw eco-friendly investors,
improve access to cash, and possibly raise stock prices. Stakeholder Engagement: Encourage management to
engage with stakeholders, including customers, employees, investors, and
local communities. Demonstrate how to comply with legal and security
standards and address stakeholder concerns and expectations to improve
relationships and support for support support. You can influence the right decisions by determining
sustainability, pursuing financial targets, risk management, employee
satisfaction, and improving the reputation and interest of investors as the
main strategy. Implementing security controls and policies can lead to
positive financial results, positioning your organization as a leader in the
garment industry. 6: Importance of Sustainability Reporting: Sustainability reporting is no longer an option for
organizations. It is important to combine responsible business with
transparency and accountability. Here we look at why organizations should
report on sustainability and the huge impact this can have on the
environment, health, and financial sustainability. Why should organizations participate? Visibility and Business: Security reporting enables
organizations to be transparent about their environmental and social impacts.
It holds them accountable for their actions and increases the trust of
stakeholders, including customers, investors, regulators, and the public. Environmental and Social Impact: The report goes
beyond revenue; it shows how the organization's ideas affect the environment
and people. This understanding allows organizations to solve problems, reduce
negative impacts, and increase efficiency. Good Decision Making: Sustainability reports provide
information and metrics to help you make decisions. It helps organizations
identify areas for improvement, allocate resources effectively, and align
strategies with long-term sustainability goals. l
Explaining the importance
of impact: Explaining the impact of ideas on the environment and society is
important because informing people about important issues and encouraging
action and innovation l
Promote responsible
consumption and production: l
Promoting collaboration
to solve global problems such as climate change, inequality, and resource use l
Demonstrate a commitment
to business ethics and corporate citizenship l
Investing ROI & Sustainability:
Sustainability investments may have an initial cost, but a significant return
on investment (ROI) can be achieved. These investments can lead to: Cost reductions: energy savings, waste reduction,
and sustainable resource management can reduce operating costs. Lower costs: Energy conservation, trash reduction,
and resource management using sustainable practises can all lower operational
costs. Boost reputation: Profitability can be increased by
attracting more clients, partners, and investors with the use of accurate
information. Reducing Risk: Sustainability initiatives can assist
businesses in managing financial and social risks. Business: Adherence to security standards makes it
possible to operate under stringent laws. In conclusion, sustainability reporting is a way for
companies to show that they are committed to ethical business conduct. It
explains the strategy's effects on the environment and society while making a
strong argument for a wise investment that has the potential to boost
earnings, enhance reputation, and lower risk by lowering expenses. 7: Interpreting the Ethics Report: To understand the true impact of our sustainability
efforts, we look at the RANA PLAZA report containing the latest security
updates. By reviewing the information presented in this report, we can better
understand how security can be integrated into real business garment Industry Research and Key Commentary: Energy Consumption: The report shows the minimum energy
consumption per year of production respectively, as the organization promises
to reduce its carbon footprint. This reduction not only demonstrates a
commitment to sustainability, but also represents cost savings through
increased energy efficiency. Reduce waste: Data shows a reduction in waste
generation, especially non-recyclable materials. This brings to mind the
responsibility of resource management, which not only reduces environmental
impacts but also reduces waste costs. Community Involvement: The report shows an increase
in community involvement, including volunteering and charitable donations.
This reflects the organization's commitment to being a community partner and
building relationships with local communities. Supplier Resilience: There are incentives that arise
in assessing supplier security. The organization reports that many suppliers
now meet its security standards. This is an agreement where sustainability is
integrated into all products. The following chart shows the number of garment workers
killed and injured in the Rana Plaza collapse in Bangladesh in 2013:
This chart shows that the Rana Plaza collapse was one of
the deadliest industrial accidents in modern history. It also highlights the
unsafe working conditions that many garment workers in Bangladesh face. The following table shows the number of garment factories
in Bangladesh that have been inspected by the Accord on Fire and Building
Safety in Bangladesh and the Alliance for Bangladesh Worker Safety,
What the
information means: The information presented in the RANA PLAZA sustainability
report shows some significant impacts: Business
efficiency:
Improvements in energy use and waste reduction show that: Sustainability
Efforts are not only obvious, but It also leads to efficiency and cost
savings. Community
responsibility:
Increased community involvement reflects an organization's commitment to
being a responsible corporate citizen. This can improve reputation and build
relationships with stakeholders. Product
impact: Quality
standards in product safety measures indicate that safety measures are
implemented at all levels of the supply chain. This is important for ethical
management and environmentally responsible practices. Development
with a Purpose: The
report is based on the organization's goals and commitments; This shows that
these goals have actually been achieved and tangible benefits have been
created. In summary,
RANA PLAZA sustainability report provides clear evidence that sustainability
efforts are translating into positive results. It demonstrates the real
impact of sustainability on cost savings, social responsibility and supply
chain integration, and reaffirms the organization's commitment to the future
alongside the apparel industry. 8:
Conclusion: In
examining the complex interplay between economic activity and sustainability
Garment industry, several key findings emerge that underpin responsibility
and success in the future. Evaluation
and Importance: Performance
and Responsibilities:
Ethics The information presented in the report and the adoption of
regulations and trends in the business world reveal two benefits -
Sustainability not only helps to increase efficiency and improve the quality
of work. The social and environmental responsibility of the organization is
also emphasized. This dual benefit promises a competitive advantage. Supply
Chain Integration: Good trends in supplier security audits show that security
measures are permeating the entire supply chain. This integration is
necessary to ensure integrity and business practices. Community
Engagement: The
growth of community engagement reflects the growing business community's
awareness of the importance of building relationships with local communities.
bay. This not only aligns with the role of responsibility, but also helps
increase reputation. Reaffirm
the importance of sustainability: Sustainability
is not just a buzzword, it is important Appeal business . It is the compass
that guides the business to long-term success, ethics and determination in
global competition. This is no longer an option, but a necessity in terms of
job responsibility. Recommendations
for future security efforts:
Continuous
improvement: Organizations
should continue to work on improving measurement security, complying with
international standards and regulations, and use data to increase efficiency,
reduce costs and insights. Environmental Impact. Stakeholder
Engagement:
Interaction with stakeholders (such as employees, customers, suppliers and
local communities) should be the basis of action. To be safe. Open discussion
and collaboration can lead to new solutions and strengthen relationships.
Innovation
and Technology: Embrace
innovation and technology to support sustainable development projects. Doing
business with environmentally friendly technology, renewable energy and
renewable energy products to remain competitive. Education
and Information:
Raise awareness of the business of sustainability by sharing success stories,
best practices and case studies. Education fosters a culture of
responsibility and fosters unity. Openness
and Disclosure: Continue to emphasize the importance of transparency. Regular
security reporting requires a clear understanding of progress, challenges and
future goals, ensuring accountability and building trust among stakeholders. In summary,
sustainability is the compass that points the way to responsible and
resilient business operations in Garment Industry. The journey of business
success is defined by expectations and opportunities for continuous
improvement, with the knowledge that sustainability is not only good for the
planet and people, but also good for the bottom line.
9: Suggestions for strengthening the
sustainable operation of Clothing Busniess: To strengthen the sustainable operation of
Clothing Busniess and contribute to the role and future work, companies
should consider the following effective aspects: strategies:
“Make-make-take-take Transition from the " model to a circular economy.
This requires creating long-lasting materials, using recycled materials, and
recycling or reusing waste materials. Using recycled materials not only
reduces environmental impact but also saves money. Investment in renewable energy:
Transition to renewable energy such as solar, wind or water. Renewable energy
not only reduces household carbon emissions, but also increases energy
security and can result in significant savings in the long term. Improving supply chain transparency:
Increase supply chain visibility by engaging suppliers in sustainability
initiatives. Encourage suppliers to embrace ethical and environmental
responsibility and ensure sustainability standards are maintained throughout
the supply chain. Innovative Sustainable Packaging:
Discover innovative and environmentally friendly packaging to reduce waste
and reduce environmental impact. Consider alternatives such as using
biodegradable materials and reducing packaging. Making water saving a priority: Use
water-saving technologies and practices in your business. Water scarcity is a
growing problem, and companies that manage water resources can reduce
operational risks and contribute to sustainability goals. Encouraging employee engagement:
Create a culture of sustainability among your employees. Encourage them to
participate in support activities and provide training that will improve
their understanding of leadership. Employee engagement can be powerful
advocates of sustainability within and outside the organization. Find Carbon Offsets: Consider
investing in a carbon offset program to reduce your carbon footprint. This is
especially useful for industries with competitive emissions, such as
manufacturing or transportation. Take advantage of data analytics: Use
data analytics and technology to monitor and optimize resource usage,
emissions and performance. Data-driven insights can help identify areas for
improvement and improve sustainability efforts. Collaboration for collaboration: Collaborate
with business partners, NGOs and government agencies to jointly solve
specific business problems. Integration can lead to changes in the system and
increase stability. Consumer Education and Engagement: Educate
consumers about the safety of your products and services. Encourage them to
make informed, sustainable choices and respond to their feedback and
preferences. By applying these recommendations,
companies in the clothing industry can strengthen their sustainability,
reduce their impact on the environment and provide them with individual
leaders in the business world. Sustainability is not only the responsibility
of the company, but also a positive factor that fosters innovation,
sustainability and long-term success. 10: References: 1.
Smith, J. (2022). Sustainable
Business Practices: A Guide to Implementation. Green Publishing. 2.
Environmental Protection Agency.
(2021). Environmental Regulations Impact on Garment Industry. EPA Report. 3.
Global Sustainability Standards
Board. (2022). Global Reporting Initiative Standards 2022. GRI. 4.
United Nations Global Compact.
(2021). Principles for Responsible Business. UN Global Compact.
Presentation: Presentation of the case study answers and report. [5 marks] |
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Performance
Descriptors Performance descriptors indicate
how marks will be arrived at against each of the above criteria. The
descriptors indicate the likely characteristics of work that is marked within
the percentage bands indicated.
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