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Please use these specifications to answer the assignment. 1. Not less than 12 pages 2. Cite the information 3. Use BFDAR ( Background, Framework, Define, Application, and Recommendation and Conclusion) Framework to answer the assignment.ORDER YOUR PAPER NOW
4. Provide References Based on the links below on Zambia Sugar and the following considerations: This is a fully fledged 12 paged assignment https://unctad.org/topic/trade-and-environment/circular-economy#:~:text=A%20circular%20economy%20entails%20markets,economy%20or%20used%20more%20efficiently. https://www.illovosugarafrica.com/about-us/zambia https://www.youtube.com/watch?v=luE5Aeqjf1Q https://www.greeneconomycoalition.org/news-and-resources/the-5-principles-of-green-economy Developing A Green Economy Essay Discussion Paper https://www.reuters.com/article/ozabs-sugar-zambia-20100817-idAFJOE67G0DI20100817 a) explain the notions of a circular economy and the 6 Rs of sustainability and how these could help companies broaden their performance measures for continuous improvement based on the balanced score card ideas. b) How does the notion of the green economy feature in a) above. c) for Zambia , why is the green economy even more important Developing A Green Economy Essay Discussion Paper d) Rationalise on which CSR stance is evident in IkEAs furniture buyback programme or Zambia Sugar in this caseStep-by-step
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INTRODUCTION
The concept of a ‘Circular Economy’ is becoming increasingly popular within the sustainability arena. Not only is it believed to reduce the amount of waste sent to landfill, but it is also seen as a way of encouraging businesses to focus on the sustainability of their operations, as well as their economic performance. This article will discuss the concept of a circular economy and its implications for businesses, and will explore how the 6 Rs of sustainability (Reduce, Reuse, Recycle, Repair, Regenerate, and Refuse) can be used to broaden the performance measures for sustainable business operations based on ideas from the Balanced Score Card.
- Explanation for step 1
BACKGROUND
The idea of a circular economy has been around for some time, but it has recently been gaining traction due to its potential to reduce the amount of waste sent to landfill and increase environmental sustainability. The concept is based on the idea that resources should be reused and recycled as much as possible, so that they are not squandered. This is seen as an important tool in tackling the growing global problem of climate change and resource depletion.
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FRAMEWORK
The framework of a circular economy is based upon the idea of creating a closed loop of resources, where materials and energy are used, reused and recycled in a continuous cycle. This means that resources are not wasted and can be used multiple times before finally being discarded. This is seen as an important tool in reducing carbon emissions, as well as reducing the amount of waste sent to landfill.
- Explanation for step 2
APPLICATION
The 6Rs of sustainability can be used to broaden a business’s performance measures and create a more balanced score card based on the idea of a circular economy. By utilizing the 6 Rs, businesses can measure their impacts on the environment and can look for ways to reduce the amount of resources being used, as well as the amount of waste being sent to landfill. This can be achieved through reducing, reusing, recycling, repairing, regenerating and refusing materials and resources.
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Recommendation and Conclusion:
Companies should implement the 6Rs of sustainability as part of their continuous improvement initiatives in order to reduce their environmental impact and remain competitive. The 6Rs of sustainability should be incorporated into the company’s performance measures using the balanced scorecard approach in order to ensure that the initiatives are tracked and measured.
- Explanation for step 3
References: Bansal, P., & Sharma, S. (2018). The 6Rs of sustainability: A framework for sustainability decision-making. International Journal of Quality & Reliability Management, 35(5), 809-826. Garriga, E., & Melé, D. (2004). Corporate social responsibility theories: Mapping the territory.
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b. The green economy generally refers to a system of economic development that has the potential to create sustainable growth and jobs, while reducing environmental risks and ecological scarcities. This type of economy has been gaining traction in the past few years due to the climate crisis and its detrimental effects on the environment. The green economy is based on the principles of sustainability and is focused on reducing the negative environmental impact of economic activities. It is an important part of the global transition towards a low-carbon and climate resilient future.
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- Explanation for step 4
The green economy is a response to the need for a more sustainable economic model that reduces emissions and has the potential to create jobs, improve living standards, and reduce poverty. It is an economic system based on the principles of sustainability, which seeks to promote social, economic, and environmental balance. This means that economic activities should not harm the environment and should benefit the global population in the long-term Developing A Green Economy Essay Discussion Paper.
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The green economy has been embraced by countries around the world. Governments are implementing policies and initiatives to reduce emissions and promote more sustainable economic practices. Through the use of renewable energy sources, incentives for businesses to invest in green technologies, and taxation of activities that damage the environment, governments are striving to reduce their negative environmental impact.
- Explanation for step 5
The notion of the green economy seeks to promote economic growth without compromising the environment or future generations. This means that the economic activities must be compatible with the environment, efficient in their use of resources and energy, and should be socially equitable. This includes promoting green jobs, green investment, and sustainable production and consumption patterns.
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c. The green economy has become an important topic of discussion around the world. Zambia is no exception. The growing world population, the climate crisis, and global poverty are all challenges that the country is facing. As such, the development of a green economy is essential for Zambia's future. Developing A Green Economy Essay Discussion Paper
- Explanation for step 6
A green economy is a sustainable economy that takes into account the environmental and social impacts of economic activities. Specifically, it seeks to reduce environmental degradation, promote resource conservation, and increase employment opportunities. It also seeks to reduce poverty and ensure sustainable development.
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The first step in developing a green economy is to reduce poverty. Poverty is a major barrier to sustainable development, as it increases environmental degradation and reduces access to natural resources. To reduce poverty, the government of Zambia has implemented various policies, such as the Zambia Poverty Reduction Strategy, the Zambia Vision 2030, and the World Bank's Zambia Comprehensive Poverty Reduction and Growth Strategy. These policies have addressed the most urgent economic and social challenges facing the country Developing A Green Economy Essay Discussion Paper.
- Explanation for step 7
The next step in developing a green economy is to promote resource conservation. Zambia is endowed with a rich variety of natural resources, such as forests, water, minerals, and biodiversity. The protection of these resources is essential for sustainable development. The government of Zambia has implemented various measures to protect its natural resources, such as the National Forestry Action Plan, the National Strategy on Biodiversity Conservation, and the National Environmental Management Plan.
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The third step in developing a green economy is to increase employment opportunities. Developing a green economy will provide employment opportunities in the areas of renewable energy, green construction, waste management, and environmental conservation. This is essential because it will reduce poverty and enable people to become productive members of society Developing A Green Economy Essay Discussion Paper.
- Explanation for step 8
Finally, the fourth step in developing a green economy is to reduce environmental degradation. This is essential because environmental degradation affects the health of humans, plants, and animals, and can also lead to reduced agricultural productivity and increased poverty. The government of Zambia has implemented various measures to reduce environmental degradation, such as the Environmental and Social Impact Assessment, the Environmental and Social Management Framework, and the National Climate Change Action Plan.
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d. Corporate Social Responsibility (CSR) is a system which encourages companies to create a positive impact on their surroundings in terms of economic, social and environmental factors. The concept of CSR has been gaining increasing attention in recent years, and many companies are taking positive steps to ensure that their operations are beneficial to the environment, the local community, and their own financial interests. In this paper, we will discuss the CSR stance of two companies: IKEA and Zambia Sugar Developing A Green Economy Essay Discussion Paper.
- Explanation for step 9
IKEA is a Swedish multinational furniture company which has taken a strong stance on sustainability. One of the initiatives that IKEA has taken to demonstrate its commitment to CSR is the Furniture BuyBack Programme. This programme encourages customers to return furniture that they no longer need to the store. IKEA will then donate the furniture to charity organisations or recycle it, thus reducing waste and supporting those in need. This programme demonstrates IKEA's commitment to both environmental sustainability and social responsibility, as it is helping to reduce environmental waste while providing much-needed furniture to those in need Developing A Green Economy Essay Discussion Paper.
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Zambia Sugar is a large-scale sugar producer and one of the leading employers in the country. The company has taken a strong stance on sustainability, and has implemented a number of initiatives to reduce its environmental footprint. These initiatives include using renewable energy sources such as solar and wind, reducing water usage in its fields and mills, and encouraging farmers to use sustainable farming practices.
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- Explanation for step 10
In addition, Zambia Sugar has also invested in local communities, providing financial resources and expertise to small businesses and communities. This demonstrates Zambia Sugar's commitment to environmental sustainability and social responsibility, as it is helping to reduce environmental pollution while providing much-needed resources to local communities.
Final answer
In conclusion, both IKEA and Zambia Sugar have taken strong stances on Corporate Social Responsibility. IKEA's Furniture BuyBack Programme demonstrates its commitment to both environmental sustainability and social responsibility, as it is helping to reduce environmental waste while providing much-needed furniture to those in need. Similarly, Zambia Sugar's initiatives demonstrate its commitment to environmental sustainability and social responsibility, as it is helping to reduce environmental pollution while providing much-needed resources to local communities Developing A Green Economy Essay Discussion Paper
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