In the CFDA's Guide to Sustainable Strategies, they discuss the business case for sustainability. They write- Sustainability
Question:
In the CFDA'sGuide to Sustainable Strategies, theydiscuss the business case for sustainability. They write-
Sustainability is a business opportunity. Every year, the business case for sustainability in fashion grows stronger as sustainability innovation offers opportunities for increased profitability. Evidence suggests that neglecting the fashion industry's environmental and social impact will affect business growth and profits. (Lebowitz, 2019, p.28).
Explain the meaning of this quote in the business world. You must include at least three terms from the list below and incorporate two business examples (fashion or otherwise) of what companies are doing now to make the world more sustainable.
Vision
Top Management Buy-in
Stakeholders
Core Values
Corporate Culture
Mission Statement
Lifecycle Assessment (LCA)
Marketing Practices
Greenwashing
Transparency
Triple Bottom Line
Benchmark
Fiscal Implications
Intrapreneurship
Accountability
Scalability
LEED
Externalities
Integration
Execution
Circular Economy
Collaborative Consumption
Sustainable Consumption
Conscious Capitalism
Tipping Point
Engagement
Cradle to Cradle