Impact of regulatory requirements on sustainability initiatives

The paper also presents the benefits of sustainable practices with respect to the laid out policies by the government of Saudi Arabia. The study has focused on a large organization in the nation has known to follow the stipulated sustainable practices in most of its business dealings if not all. A summary of sustainable concepts, an analysis of the government stands in line with worldwide and domestic laws of carbon are also provided. The policy recommendation is provided to make way for the upcoming generation of Saudi managers to steer the kingdom towards a sustainable path. The term sustainability has seen a score of research over the last few decades, and hence there is no single definition that has been adopted universally.

The policies cuts across modern civilization with regard to the need to focus on sustainable initiatives. Nevertheless, the significance of these initiatives has sparked heated debate with the area of corporate social responsibility due to the view that they may cause the reduced cost of operations and increased profits (Tamer et al. Recent studies done in the nation have cemented this theory with an addition that sustainable strategies have a positive correlation with the company reputation. To attest to this, the paper analyzes the applicability of the concepts through SABIC SABIC Corporation SABIC is a public manufacturing company which has invested various related businesses including metals, industrial polymers, agri-nutrients among others. SABIC was founded in the year 1976 and had its main offices at Riyadh in Saudi Arabia.

This realization comes with that there is not a single simple solution to address the basic needs of the contemporary. Benefits of Sustainable Initiatives Sustainable initiatives are developed on the foundation of collaborative practices that merges socioeconomic and environmental considerations (Touboulic. Hence, the initiatives encompass inputs in which the employees of a company work hand in hand with the company managers to identify and implement sustainable programs. The resultant effect is a culture that appreciates teambuilding and continuous growth. This efforts also go a long way in promoting more productivity amongst the staff team. Private and public financial institutions are also very lenient towards those businesses that comply with the stipulated domestic and global sustainability initiatives. Conclusion The Kingdom of Saudi Arabia is an instrumental member among the nations in the Middle East especially due to its position in the production of petroleum internationally.