Impact of Regulatory Requirements on Sustainability Initiatives

This report is going to be talking about how the world has started to get focused on the idea of sustainable and how the companies have planned to take the initiatives that will help to get the company get more sustainable. This report is going to contain and cover the topic related to the current trend in the uprising concern of the society and the countries towards the improvement and the development of the sustainability within the society.

This makes the report more analyzing as we go into deep details regarding the country analysis of the Kingdom of Saudi Arab. This will mean that we will analyze in the report as to what sustainability initiatives have the country and the government within the country has started to follow and how will it actually benefit the countries within the kingdom of Saudi Arab.

Benefits of sustainability initiatives to companies in KSA:

 Kingdom of Saudi Arab is likely to face many benefits of the use of the sustainability initiatives. The many sustainability initiative of the sustainability is the currently most running topic of the many companies that run the business within the market. The truth lies under the skin of the functions and the operations that are undertaken by many of the firms and the companies that work within the industry.

However, one thing to notice here is that the companies I’m eventually country whether Saudi Arab or any country in the developed or the developing region whatsoever, has been targeting to stay clean in their approach of running the businesses. The safe and clean approach definitely is about the sustainability of the environment and the cleanliness of the environment in which the businesses contribute directly and indirectly by producing and by being major contributors in the market.

Whatsoever it is, the companies have always tried to keep their focus on the fact that they cut their costs down and they remain cost effective. For this specific reason, it is also very much worrying for the environmentalists to make sure that the companies that are profit-protected and profit-oriented would ever really work towards the protection of the environment and the sustainability. (Abdullah, 2017)

There are many more initiative that kingdom of Saudi Arab has taken to implement within the country’s industries. This is important in order to at-least protect the use of the natural resources that the kingdom has. Moreover one of the most important initiative that has been finally implied on the companies in the kingdom of Saudi Arab relates to the initiative that focuses on the limited contribution of the exposure of the environment to the carbon dioxide and the dangerous gases.

This means that there will be a carbon limit that will be implied on the companies that will have to strictly follow the limited pollution and the limited amount of gases that they can actually emit and can contribute in the market. This also shows that now the companies that were initially involved in the production and the use of the chemical in the economy will be limited to contribute the overall pollution. The lesser the pollution, the safer will the environment be. This is particularly better for the country’s future as in the sustainability of the country’s economy in a longer term. 

HOW DOES SUSTAINABILITY BENEFIT companies in KSA:

Sustainability is an idea that every natural resource that has been used and is on the process of getting used today, will actually be affecting the future generations to come. This means that the consumption today will directly impact the overall amount that will be left over for the consumption by the future generation. This is why it is getting extremely important that all the companies and all the countries should start to legally control the productions and use of the reserves.

This also means that the overall use should be controlled and the waste should also be banned in countries. The current use of the raw materials and the overall use of oil and many other natural espresso that are actually available in limited supply will have to be either made expensive to get so that there is limit on how much one person is actually consuming of those resources. However, many countries have started the initiatives to make sure that the Earth is protected from being exploited by its own natural habitats. Kingdom of Saudi Arab has been playing an important role being the country of the oil trade and export, by trying to control the prices and hence the use of the natural resource by the other countries.

The sustainability initiatives are all that collaborate as advocate to work for the universally collective vision of the evolvement towards the civilization of the world and the protection of the Earth. This is important for the sake of the benefit of the humanity and the civilization in a large context. Thus, the more and more companies are now getting corporate and socially responsible for their acts and for their actions that they make and they take regarding their companies.

Very recently the kingdom of Saudi Arab has done contributed a big hand on the contributions and the efforts to make their companies follow the law of being responsible towards the protection of the environment. This means that the country has taken some initiatives to start and thus to make the changes to the plan and the operations of the companies that operate and run in Kingdom of Saudi Arab. In the current past, the kingdom of Saudi Arab have released the events outlines on the regulatory of the requirement by the companies to work on the sustainability programs through the vision of the 2030 vision along with the national transformation program (NTP) that has the long term objectives that elongate till 2030.

These goals that have been laid out and have empowered the companies within the kingdom of Saudi Arab have also shown the importance that is given out by the KSA, towards the commitment that they have made towards the protection and the global act of sustainable socioeconomic development of the civilization and the sustainability of the resources and the Earth for the sake of the better future. (Hashmi, 2016)

Nonetheless, the renewed initiatives of the sustainability have also impacted on the companies to evolve and change their plans and their motives as well. This means that the overall objectives of the companies have also been challenged. However the provoked changes that will be made to the companies regarding the sustainability initiative are  all very much motivated and supported within the organizations as they have realized the importance of the steps that will take the company towards being positive and being appreciated by the society in general.

However, the sustainability initiatives all include the many business products and the business programs and strategies that will require to change the strategies and thus change the overall ways of changing the operations and the functions of the businesses. The sustainable businesses in the kingdom of Saudi Arab will have to put its focus on the environmental concerns and also will have to often design their structure in order to enhance the the energy of the country in which they operate. This also means that the companies will try to reduce the consumption of the natural resources and also try and reduce the overall wastage and use of the natural resources. This is to initiate the change to save the resources for the generations to come and thus save the Earth from exhausting its minerals and its resources. (Leonard, 2017)

Moreover, the sustainability criteria will make it better for the kingdom of Saudi Arab to not only attract a lot of multi-national companies from all around the world to this specific country which is giving attention to the fact that the environment and the Earth needs to be saved up against the whole lot of exploitative business activities that take place. Moreover, it also shows that the country will benefit from getting the appreciation from the bodies that appreciate and advertise those countries and those companies that are keeping their focus on improving the sustainability of the country.

CONCLUSION  sustainability   initiatives to companies in KSA:

The improvement in the overall structure of the sustainable environment and the structure of the companies have improved the ways the employees get involved within the organisation. This also improves the likelihood of the improvement of the company’s overall motive. This sustainability and the motive that has been legally and by the regulatory bodes implied on the many companies in the Kingdom of Saudi Arab will actually be able to stay focused on improving the functions and thus stay focused on the welfare of the society and the overall betterment and improvement of the environmental conditions of the country. This will not only improve the company’s image as well. Moreover, the impact of the improvement in the company’s strategy to make it focused on the betterment of the environment and then to make it focused on how they can especially improve the companies that work and operate in kingdom of Saudi Arab.

 References sustainability initiatives to companies in KSA:

Abdullah. (2017). sustainabledevelopment. Retrieved April 2019, from https://sustainabledevelopment.un.org/content/documents/20230SDGs_English_Report972018_FINAL.pdf

Hashmi, A. (2016). Sustainability Commitment In Saudi Arabia And Need For Educational Reforms For The Jobs Of The Future. Retrieved April 2019, from https://www.researchgate.net/publication/297892157_Sustainability_Commitment_In_Saudi_Arabia_And_Need_For_Educational_Reforms_For_The_Jobs_Of_The_Future

Leonard. (2017). Benefits of sustainability initiatives in the KSA. Retrieved April 2019, from https://www.grin.com/document/428636

M, h. (2018). Sustainability Matters in National Development. Retrieved April 2019, from file:///C:/Users/ONE10.COMPUTER/Downloads/sustainability-09-00408%20(1).pdf