Reference no: EM132886054

Question 1: How does business ethics and/or CSR impact the organizational performance?

The environmental sustainability has a great impact on organizations' performance in terms of enhancing the overall performance and capabilities, motivate all stakeholders to save the environment, utilize the absorptive capacity to ensure sustainability of the environment and make it as everyone's role, demonstrated by Dzhengiz, T. and Niesten, E., (2020). Similarly, Wensley, A., (2019) found out that knowledge agents are the ones, who obtain the ability and capability to spread the awareness about the environmental sustainability among the staff members and urge them to achieve the set goals effectively. Moreover, Dzhengiz, T. and Niesten, E., (2020) highlighted that maintaining environmental sustainability helps organizations to apply the ecological foot printing tool that measures all resources utilization in an effective manner, achieve great profitability and productivity that impact effectively on its economic performance, and enables all stakeholders to be engaged in saving the surrounding environment from any potential hazards and wrong practices. Furthermore, De Giacomo, M.R. and Bleischwitz, R., (2020) confirmed that the good impact of environmental sustainability on the business performance are numerous as; organizations stakeholders start to gain more attention towards the environmental sustainability, most contemporary business models pay more attention on the essence of environmental sustainability and its impact on the organizational business performance such as; applying all friendly products and services, as well as technologies and the eco-system of environmental sustainability enables more organizations to share the economic benefits and avoid any kind of monopoly practices. However, Amankwah-Amoah, J., (2020) claimed that the essence of the environmental sustainability can be declined due to the negative impacts of the external factors such as Covid- 19 that makes more organization neglect the concept of environmental sustainability such as; cost cutting, survival, and deprioritizing the environmental sustainability initiatives.