Mgt630 Impact Of Regulatory Requirements On Sustainability Initiatives

Sustainability InitiativesName:Institutional affiliationSustainability InitiativesIntroduction Companies require resources such as raw materials, labour, energy and finances and technology. However, most resources become depleted with time due to overexploitation. Sustainability is a concept of ensuring that the available resources can meet the current needs for development, without compromising on the future needs. Sustainability may be in the form of investments, technological orientation, development and organisational change. The three characteristic of sustainable resources are; long-term availability, self-replenishable, and should be cost-efficient. The question of sustainable energy has dominated many research institutes. The negative impact of fossil fuels and its non-replenishing property has led to research on sustainable sources of energy include solar, wind, geothermal, biomass, sea power and hydrogen. Other areas of focus on sustainability include utilisation of land, water and human resource. In many countries, sustainability is forced on organisations through government regulations. However, some companies are pursuing it willingly through Corporate Social Responsibility (CSR). Ma'aden Saudi Arabian Mining Co. is a Saudi Arabian mining company that places among its priorities. About Ma'adenMA'ADEN is among the most significant mining companies in the kingdom of Saudi Arabia, whose headquarters are in