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Explain two possible business practices (economic, environmental, or social) of Toystar Ltd that would indicate its commitment to sustainable development and corporate social responsibility. Why is it important for companies to follow sustainable business practices? Justify your answer.

Business practice 1:
Explanation:

Business practice 2:
Explanation:

Importance of sustainable business practices:
Justification:

Total available marks: 12

Sagot :

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Final answer:

Implementing sustainable business practices such as using sustainable materials and engaging in community programs is crucial for companies like Toystar Ltd to demonstrate corporate social responsibility and commitment to sustainable development.


Explanation:

Business Practice 1: Use of Sustainable Materials

Toystar Ltd could implement the use of sustainable materials in their products, such as recycled plastics or biodegradable materials, to showcase their commitment to environmental responsibility. By actively choosing materials that have minimal impact on the environment, Toystar Ltd can reduce their carbon footprint and contribute to sustainability efforts.

Business Practice 2: Community Engagement Programs

Toystar Ltd could engage in community programs, such as supporting local schools or environmental clean-up initiatives, demonstrating their dedication to social responsibility. By fostering strong relationships with the community and investing in social causes, Toystar Ltd can show their commitment to the well-being of society.

Importance of Sustainable Business Practices

Sustainable business practices are essential for companies to ensure long-term success and positively impact the environment and society. By following sustainable practices, companies can enhance their reputation, attract more environmentally conscious customers, comply with regulations, reduce operational costs, and contribute to a healthier planet for future generations.


Learn more about Sustainable Business Practices here:

https://brainly.com/question/42726825


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