The contributions the private sector
could cause the economic and social
growth of a country are increasingly being
recognized. These new roles have steadily progressed from being a product and a
service provider, to a development partner and now as a potential driver for socio-economic development
and ecological protection. A number of businesses are embracing practices
and sustainability policies. Companies still aim to attain the normal
continuous profitability and growths goals, but a lot are also looking to
simultaneously create social and environmental advantages in the communities in
which they operate. From necessity, but also as recognition of that the
values and benefits of working with regional, local and international non-governmental
organizations, several private sector groups have developed partnerships with
various actors at various scales.
Partnerships with academic
institutions are increasing both in developing and developed countries. There
is an increasing body of
evidence-based research which documents and assesses the impacts of
companies in the economic, social and ecological environments. Sadly, many
members of media groups and growth communities are ignoring all these
investigations. They concerned that publishing facts that are optimistic may
make them seem like the firms concerned's public relations agent. That's, it
seems that being attentive to the contributions of an increasing number of multinationals
to growth is one problem, but acknowledging and enjoying them is a completely
different one. The question that should be asked is why many sectors of society
and news agency and media are reluctant or afraid to accept this fact.
In contrary to what's frequently
assumed by many, not everything firms are doing is necessarily self-centered,
profit-oriented or negative. The Harvard University Business School, that the Sustainable Markets Intelligence Center
in Costa Rica, Regional Center for Studies on Coffee and Industries in
Colombia, Third World Centre for Water Management in Mexico, for instance, have
studied the new business models of some important private sector groups on
sustainable growth issues and the results they've achieved. There's now
considerable evidence to show which there are lots of firms contributing to
social progress through poverty reduction and increasing the standards of
living of millions of individuals, as well as making profits.
The inclusion of more
sustainability-oriented Company activities might very well be out of necessity
due to increasing public and media scrutiny. However, firms are also responding
to the Requirements from Boards and shareholders, who're signaling to that the
market that the necessity and desirability to comply with stricter social and
environmental requirements. Let us take the case of Nestl, the Biggest global
multinational food, and beverage company that operates in 194 countries. The
plans, programmes, investment, and resources that the company has put on that
the implementation of sustainability aspects have resulted in tangible results
in that the above areas for at least six decades in some areas of the world,
especially India.
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