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Discuss the advantages and disadvantages to businesses, such as Greggs plc, of adopting environmental and ethical policies. [8]

Sagot :

GinnyAnsweridn

Final answer:

Businesses benefit from adopting environmental and ethical policies but face challenges too.


Explanation:

Advantages:

  1. Enhanced brand reputation and customer loyalty.
  2. Cost savings through energy efficiency and waste reduction.
  3. Compliance with regulations and attracting socially responsible investors.

Disadvantages:

  • Initial high implementation costs.
  • Potential conflict with short-term financial goals.
  • Possibility of greenwashing accusations.

Example:

Walmart's commitment to zero emissions by 2040 showcases how large corporations can benefit from adopting environmental and ethical policies.


Learn more about Advantages and disadvantages of adopting environmental and ethical policies in businesses here:

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