What is the importance of sustainability for corporations Ho

What is the importance of sustainability for corporations?

How can human capital participate in the effort to increase and maintain an organization’s efforts in sustainability?

What role can human resource management play in this effort?

Solution

What is the importance of sustainability for corporations?

A. Sustainability for corporations is very important as it helps in saving money. Sustainability initiatives help in running a business both effectively and efficiently with minimal resources and high savings. Sustainable practices also help in increasing the brand loyalty by appealing to a large global consumer base. Companies with sustainability also value innovation a lot. They focus on innovation through products and services which makes the company more competitive.

How can human capital participate in the effort to increase and maintain an organization’s efforts in sustainability?

A. Human Capital refers to the knowledge and the experience of the employees working for a company which helps in creating values and cost for the organization. Human capital fetches faster and better profits when compared to physical and natural capitals. Human Capital is non destroyable and a perishable resource and the investments once made on human capital will generate profits for a longer time.

What role can human resource management play in this effort?

A. Human resource management plays a vital role in corporate sustainability. It is responsible for enabling and driving the sustainable practices across all the levels of the organization. HRM creates a sustainable strategy by taking employees perspectives into consideration. HRM selects the right people who can occupy the right roles in the organization. HRM also helps the employees in understanding sustainability in business contexts.