Impact Of Regulatory Requirements On Sustainability Initiatives

Impacts of Regulatory Requirements on Sustainability InitiativesNameInstitutionDateImpact of Regulatory Requirements on Sustainability InitiativesIntroductionThe core reason for companies embracing sustainability initiatives and producing products that attempt to protect the natural environment is as a result thefirm’s mandate to appeal, content, and maintain its customers and increased expectations from and the society.These initiatives contemplatehow a specified company functions within anatural, social and economic environment hence it is a business tactic to building long-term value. Generally, sustainability is the management and coordination of social, economic and environmental issues to ensure ethical and responsible success of the business.SABIC is one of the leading organizations not only in Saudi but also around the world that recognizes numerous achievements and benefits through embracing sustainable initiatives. At present, most companies are embracing sustainability initiatives as one of the strategies and techniques used to develop their operational performances (Abou-Korin and Al-Shihri, 2015). This paper will analyze the benefits that SABIC obtains from implementing the sustainability initiatives necessary for improving the firm's operational performance in a number of ways including; cost minimization, creating value, gaining competitive advantage, product innovation, process innovation and attracting the