Sustainable Development Strategies For Reliance Industries Limited

Two Key Procedures for the central function of the working team

The organization chosen for the study is the Reliance Industries Limited in the petroleum sector. Sustainability is the core responsibility of every organization to work in the direction of achieving sustainability in the resources used for carrying out the business process. “The performance indicators should be used for measuring the sustainability in the resources and the business plans” (Duphily, 2014). The development of the organization should be based on the sustainability associated with the resources utilization. The new strategies should be adopted by the business to protect the resources for the future. “The economic and environmental problems are the major hurdle in the growth of sustainability” (Mensah, 2004). The organization should take the three important steps in the direction of protection of environment, healthy working environment to the human resource, and financial management. “The new fundamentals and principles should be used for making the organization eco-friendly” (Hoa, 2002). The principle of green sustainability helps the organization to remain at glance in the eyes of the competitors.

Stakeholder Analysis:

The analysis of the stakeholder helps in analysing the areas which requires changes for uplifting the business tactics towards the sustainability plan. The issues and concerns of the stakeholder should be taken under consideration for the deployment of sustainable activities. “The development of the green environment helps in saving the resource for the future generation” (Nollman, 2013). The need of the stakeholders should be given privilege. In today’s world, the customers are looking forward for getting the products which are environmental friendly.

Use of Performance Indicators

“The performance indicators should be used for measuring the sustainability in the resources and the business plans” (Ruedig, 2013). The development of the organization should be based on the sustainability associated with the resources utilization.

Road Map:

Process Map for the challenges faced in the planning phase for achieving sustainability

The following diagram shows the proposed sustainability model for the effective utilization of resources:

The following table shows the list of resources and the associated utilization of the correspondent resources:

The following principles should be taken under consideration for setting the deployment plan to achieve the green working environment within the working curriculum of the organization.

The following table shows the parameters which should be taken under consideration for the sustainable development of the organization.

The following table shows the utilization of resources:

The objectives should be set out for developing the organization towards the green environment in which the wastage of the resources is minimized to a large extent. “The working capital should be utilized for substituting the resources with the environmental friendly material” (Wuest, 2000). The role and responsibilities should be divided among the employees for reducing the emission of elements which are hazardous to the environment. The health and the working environment of the human resource should be taken under consideration. “The emission of hazardous waste should be minimized” (Buhalis, 2001). The green strategies should be built for the management of the chemical released from the enterprise. The step should be taken for the management of noise produced during the working hours of the enterprise. Sound proof system should be indulged for controlling the pollution produced due to the noise of machines and equipment. The following fundamental principles should be used for developing the organization to a green environment:

• The new procedures should be laid down for manufacturing of the product
• The assessment of the environmental risks is the key step for reducing the emission of hazardous waste. “The process of recycling the material and minimizing the emission of the waste should be taken under consideration” (Boryseiwicz, 2014).
• The legal requirement and standard should be determined for adopting the standards for increasing the efficiency of the operational working of the employees.
• The specific goals should be identified for establishing the program for developing green environment.
• The annual budget of the enterprise should be based on the environmental program
• The tools and technologies should be used for reducing the chemical waste and discharges
• The three R’s principle should be used which is based on the reducing, recycling, and reusing the waste materials.
• The linkage of information should be maintained between the stakeholders, business partners, and customers
• The selection of supplier should be taken under consideration because the raw material should be of good quality
• The new legislation should be produced
• The new practices, processes, and procedures should be used for the efficient working of the enterprise.
• The strategies of the competitors should be known proactively.
• The standard policies and activities should be grouped
• Concerns of the labour and other stakeholders should be given privilege
• Deployment of the monitoring system

Process Map

The implementation plan should be designed which highlights the working steps in the direction of developing green environment in the working structure of the business tactics. The corporate working culture should be changed according to the attitudes of the employees. The accountability measures should be measured in terms of the division of roles and responsibilities among the working program of the employees, changing the infrastructure of the organization on the basis of green environment, the development of reporting system for the sharing of data and information, and the change management in the operational procedures. The modification of the planning procedures involves the active participation of the top managers and associated stakeholders. The purchasing activities should be focused in regards to the selection of the suppliers to supply quality raw material at the resource centre of the enterprise which helps in reducing the elimination of the waste during the manufacturing of the product. The planning of the budget should be done on the basis of the installation of the environmental friendly tools and technology within the working platform of the enterprise. The standards for measuring the performance of the employees should be set up for enhancing the methodologies for reducing the wastage of water, electricity, and other environmental products. The monitoring system helps in reviewing of the information provided from different sources and departments. The division of duties helps in smooth functioning of the operational policies. The arrangement of meetings at the regular interval of time helps in generating new needs and requirement in the direction of sustainability. The auditing program should be implemented for the proper functioning of the program lead for getting environmental sustainability. The management can keep a control for environmental practices by having a systematic documentation of the business processes. The policies of the company should comply with the rules and regulations of the environment.

It has been researched that the organization is sustainable if it give value to the socio cultural management system. The participation of the stakeholder should be taken under consideration at every phase of the project life cycle. The alignment of the coordinating units helps in reducing the occurrence of waste. The following diagram shows the effective utilization of resources with the applicability of sustainable strategic plan within the working curriculum of the Reliance industries in the petroleum sector.

The following metrics shows the evaluation of the sustainable project:

The sustainability of the organization can be improved with the effective deployment of the strategic plan to reduce the elimination of the hazardous waste and improving the efficient utilization of the resources. There are certain areas of improvement to enhance the level of sustainability of the organization. The planning team should be educated towards the knowledge of environmental sustainability so that they can develop the more accurate plans of sustainability. The constraint associated with the socio-cultural aspects should be proactively determined. The environmental laws should be followed for the disposal of the hazardous waste. The evaluation of the areas where the improvement of the sustainability can be improved is shown in the table below:

 References

Agarwal, S. (2015). Sustainability in project management. 1st ed. [ebook]. [Accessed 08 Dec. 2017].

Basiago, A. (2014). Economic social and environmental sustainability in development theory and urban planning practice. 1st ed. [ebook]. [Accessed 08 Dec. 2017].

Boryseiwicz, L. (2014). Environmental Sustainability vision, policy and strategy. 1st ed. [ebook]. [Accessed 08 Dec. 2017].

Bubriski, K. (2008). Achieving sustainable development and promoting development cooperation. 1st ed. [ebook]. [Accessed 08 Dec. 2017].

Buhalis, K. (2001). Policies to enhance sustainable development. 1st ed. [ebook]. [Accessed 08 Dec. 2017].

Duphily, R. (2014). Safe and sustainable water resources. 1st ed. [ebook]. [Accessed 08 Dec. 2017].

Eccles, R. (2014). The impact of corporate sustainability on organization process and performance. 1st ed. [ebook]. [Accessed 08 Dec. 2017].

Hoa, T. (2002). Integrated planning and sustainable development. 1st ed. [ebook]. [Accessed 08 Dec. 2017].

Mensah, A. (2004). Sustainable resource use and sustainable development. 1st ed. [ebook]. [Accessed 08 Dec. 2017].

Nollman, M. (2013). Sustainability initiatives in the workplace and employee productivity. 1st ed. [ebook]. [Accessed 08 Dec. 2017].

Osha, R. (2016). Sustainability in the workplace: A new Approach for advancing worker safety and health. 1st ed. [ebook]. [Accessed 08 Dec. 2017].

Ostrom, T. (2010). Considering sustainability factors in the development of the project life cycle. 1st ed. [ebook]. [Accessed 08 Dec. 2017].

Ruedig, J. (2013). Managing organizational sustainability. 1st ed. [ebook]. [Accessed 08 Dec. 2017].

Wuest, W. (2000). Business strategies for sustainable development. 1st ed. [ebook]. [Accessed 08 Dec. 2017].

Young, W. (2013). Changing behaviour: Successful environmental program in the workplace. 1st ed. [ebook]. [Accessed 08 Dec. 2017].

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