SUSTAINABLE SOURCING: THE PATH FOR COMPANIES TO MINIMIZE THEIR ECOLOGICAL IMPACT BY ENGAGING IN RESPONSIBLE PROCUREMENT
Abstract
Man, society, and the environment are all interconnected. Man has an intrinsic responsibility to defend both nature and society. This fundamental idea includes environmental conservation. However, the rapid expansion of science, technology, and the economy has intensified their negative effects on the environment. They have increased ecological imbalances and environmental deterioration. As a result, numerous particular laws are created to safeguard the environment and ecology. In addition to these laws, the Environment (Protection) Act of 1986 and its numerous rules have been created to prevent, control, and mitigate all sorts of pollution. However the applicability of these laws is in jeopardy since firms are hesitant to comply. Businesses are requesting corporate social responsibility (CSR) to protect the environment and care for human resources. CSR refers to businesses voluntarily incorporating social and environmental issues into their operations and interactions with stakeholders, but is it necessary? Various reports have emerged demonstrating that businesses are not even meeting the bare minimal regulatory requirements for greater environmental protection. The second thing that comes to mind after reading these studies and hearing corporations' arguments in favour of CSR is if corporate houses are truly protecting the environment or if they have other goals in mind. Once more, will businesses sacrifice their profits for environmental impact? The first and most important question is whether firms use CSR to hold their shareholders accountable or out of social obligation. This article explores the relationship between corporate social responsibility and environmental preservation as well as the notion of corporate social responsibility. The final step is to present the countermeasures for businesses to take on environmental protection obligations.
Keyword : Environmental conservation, ecological imbalances, Environment (Protection) Act of 1986, corporate social responsibility (CSR), human resources.
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