Report: Development of Policy In Workplace and Procedure for Sustainability

Table of Content

  • Introduction
  • Determination of the scopes and the way to the sustainable policy
  • The preparation of the recommendations on the policy
  • Development of the sustainability policy
  • Agreements from the stakeholders
  • The indicators of the performance
  • Strategies
  • 7) a) Investigate and document the outcomes
  • 8) The adjustments of the policy based on the feedback
  • Conclusion
  • Reference List

 

Introduction

The requirement of the developing policy in the workplace has been noticed in order to sustain the business. The commonwealth Bank is a multinational bank located in Australia which has different types of financial services based on financial across New Zealand, Asia, the UK and the US. The commonwealth bank has announced the new and updated policies for their business which have positive effects on the business. There would be the existence of the long term economy and sustainable growth in the field of the operations. The proper observation and continuous observation is essential in order to make the business sustainable. Long-term sustainability comes in the matter where the essentiality of the utilization of the policy has been achieved. The objectives of the commonwealth bank are to preserve the securities in the public wealth. The terms and conditions are strictly maintained in order to preserve the sustainability.    

Determination of the scopes and the way to the sustainable policy

  1. Scope of the policy: Policy can be defined as the statement which is formal in nature. Conciseness is the main thing and the rules mentioned in the policy are strictly followed. There are different scopes which are mentioned below.

  • The security of the public wealth would be preserved.

  • The insurance has been done on the wealth of the public.

  • The environmental factors have been kept in mind.

  • Reduce the carbon emission (Hahn et al., 2015).

  • The usages of fossil fuel have been reduced which is noticeable.

  1. The information sources: The gathering of the information is done by utilizing some sources in order to develop the policy. The inclinations of the sources are given below.

Sources

Information

Colleagues

  • The emission of carbon would be reduced to control global warming.

  • The conflicts would be lower in order to maintain the sustainability.

Consultants

  • Reduce the competition in the marketplace in order to sustain the business.

  • The barriers of the policy would be overcome. 

Regulators

  • Maintain the balance in the environment.

  • Reduction of temperature of the globe.

Associations of the industry

  • The usages of fossil fuels would be controlled.

  • The conflicts either internal or external would be reduced in order to sustain the business. 

Legislation

  • The laws would be imposed upon the stakeholders to maintain the terms and conditions of the policy.

  • The fairness of the business would be maintained.

Compliance 

  • The security of the public wealth would be done carefully and maintain friendly relationships with the partner as well as the rival group.

  • The laws would be mentioned in order to keep the business fair and free it from corruption (Kawakami & Tsutsumi, 2015).

The preparation of the recommendations on the policy

2. a. SWOT Analysis

Before analyzing the SWOT, it is important to make an overview on the policies of the commonwealth bank. The commonwealth bank has announced their updated policies. They are given below.

  • Reduction of the impact on the environment.

  • The usages of the new technologies.

  • Reduction of usage of fossil fuels.

The SWOT Analysis is done on the basis of the analysis of the four factors. These are given below.

  • Strengths

  • Weaknesses.

  • Opportunities.

  • Threats. 

                      Strengths

Reduction of the impact on the environment:

  • The changes of the climate can be tackled for the long term. 

The usages of the new technologies:

  • The limitations of the temperature in order to control global warming by reducing the emission of carbon.

Reduction of usage the fossil fuels:

  • The environment would be saved and the O3 layer would be protected.

                      Weaknesses:

Reduction of the impact on the environment:

  • The frameworks of risk management have been applied by updating the data which might take a long time to make decisions.

The usages of the new technologies:

  • The temperature would be kept lower which has the negative impact on the decision making capabilities of the commonwealth bank as the decrease of the carbon emission is not an easy task.

Reduction of usage the fossil fuels:

  • The low costs of the fossil fuels and the availability of the fossil fuels make it popular. Hence, their reduction usages have not been done easily. The commonwealth bank already takes the essential steps to reduce the usage of fossil fuels. 

                  Opportunities:

Reduction of the impact on the environment:

  • The changes of the climate might have long term sustainability which creates opportunity for the stakeholders to run the business (McAvoy, 2018).  

The usages of the new technologies:

  • The carbon emission is reduced at a noticeable rate. New technologies are involved to control global warming which has the positive impact on the business of the commonwealth.

Reduction of usage of fossil fuels:

  • The commonwealth bank has the reputation of reducing the use of fossil fuels which helps to direct their business in the correct track.

                      Threats: 

Reduction of the impact on the environment:

  • The threats come into account while it is essential to change the frameworks of risk management as it is time consuming.

The usages of the new technologies:

  • It is treated as a threat to use the new technologies as the requirements of the customers are changing day by day continuously. The rapid changes sometimes would not be sustainable which ruins the business of the commonwealth bank. 

Reduction of usage of fossil fuels:

  • The low costs of the fossil fuels and the availability of the fossil fuels make it popular and the largest amounts of energy are concentrated.  Hence, the threats are coming from the sides of the reduction of the usage of fossil fuels. 

2. b) Cost-Benefit Analysis

The planning is done to direct the project in an effective way by making quick but appropriate decisions. It measures the performance in the fields of the costs and profits of the commonwealth bank. They mentioned the cost-benefit analysis below.

Cost

Benefit

  • It has the negative impact on the commonwealth bank. 

  • It analyzes the association of the cost factors.

  • It has a positive impact on the commonwealth bank.

  • It increases productivity.

Example: 

  • Costs associated with the maintenance.

  • Costs associated with the balancing of the environment.

  • Costs to reduce the uses of fossil fuels.

  • Costs to reduce the emission of carbon.

  • The security costs.

Example

  • The costs are lowered.

  • The productivity is increased. 

  • The savages of times.

  • Control over global warming.

  • Fossil fuels usage is reduced which is noticeable.

2) c) Timeframes to implement the policy

Timeframe is done on the basis of the divisions of the works according to time. Timeframe is given below.

 

 

1st week

2nd week

3rd week 

4th week

5th week

6th week

7th week

Design the project

yes

      

Determination of the scopes of the policy

yes

      

Collections of information from colleagues, consultants, regulators, associations of the industry etc.

 

Yes

     

Recommendations on the policy

 

yes

     

Analyzing the Cost-Benefit

  

yes

    

Development of the policy which is sustainable.

   

yes

   

Stakeholders’ agreement 

   

yes

   

Implementation of the policy

    

yes

yes

 

The analysis of life cycle management

     

yes

 

Keep monitoring the policy which has the sustainability

      

yes

This is a sample report on Procedure for Sustainability From our experts get your report right now

Development of the sustainability policy

  1. The commitment of the organization: The commitment of the organization can be defined as the bonding which has experienced by the employees that there is the connection with the organization in order to sustain the business of the organization. The planning would be done to make the blueprint of the business strategies in order to achieve the goals. The effective plans lead the company in a correct way. The bonding between the employees and the organization is very important to utilize the goals or aims of the organization (Montini, Mangurian & Bero, 2016). 

The commonwealth bank has announced their updated policy every year. The                        commonwealth has a special eye on the environment. These are given below.

  • The reduction of the carbon emission has been noticed.

  • The special eye on global warming.

  • The noticeable reduction of the usages of fossil fuels.

  • The temperature of the climate would be tackled with care.

  • New technologies are used to invest and develop policies related to the environment.

  1. Implement the following: 

Efficiency of the resources

It can be defined as the usages of the resources which have the limitation on the Earth in an effective or sustainable way in order to minimize the effects of these on the environment. The sustainability of the growth has been utilized to maintain the effectiveness of the commonwealth bank. The impact on the environment has to be minimized. The reduction of the carbon emission has been noticeable. It helps to utilize the resources and less input is involved and produces a larger amount of the output which is noticeable.

Minimum the resource usages

The minimum resources would be used which has the positive impact on the commonwealth bank. The resources are limited on the earth. The proper utilization of the resources signifies the minimum usage of resources which have the ability to produce larger outputs. It reduces the costs associated with the resources in an effective manner (Narayanan & Adams, 2017).

Toxic material reduction

The toxic material means the type of material which harms the environment in the long term as well as short term. The negative impact of the toxic material has a harmful effect on the environment which changes the environment in a rustic way. 

The toxic material is carbon which out of control emission harms the environment. The business goal is to reduce the emission of carbon from the environment to avoid the change of the climate which has negative effects.

The applications of the hazardous chemicals

The hazardous chemicals are not good for the environment. It has a negative impact on the environment. The poisonous materials constituting the hazardous chemicals are getting mixed with the air particles which results in the changes of the formation of the natural particles.

Fossil fuels usages have been reduced in order to save the environment from being polluted. Fossil fuels are not the renewable source of energy and it has a lot of contribution to global warming which is not desirable. 

  1. Life cycle management: The management is done on the life cycle of the business in order to ensure the sustainability of the business. The life cycle management includes the following which is given below.

  • The plans for utilization of resources: The resources are utilized in order to sustain the business according to the plans which are pre-thought. The proper utilization of the resources signifies the minimum usage of resources which have the ability to produce larger outputs. 

  • The design of the project: The projects are designed in accordance with the policies that have to be designed to follow the rules and regulations. Reduction of the emission of carbon would be noticeable.

  • The action of the manufacturing process: The proper actions are taken to manufacture the process which leads the business in an effective and successful manner. The special eye on the environment would be kept in order to reduce the impact on the climate.

  • The support on the service: The support is needed in order to direct the business in the correct track. Environmentally supportive things would be utilized properly in order to maintain the balance and keep the environment pollution free (Pot, Totterdill & Dhondt, 2016).

  • The outcomes: The outcomes of the commonwealth bank are to support the environment, reduce the usages of fossil fuels and the special eye on global warming. The security of the wealth of the public would be reserved and make the commonwealth a reputed company if the updated policies are passed every year. 

Agreements from the stakeholders

The main stakeholders are engaged in order to promote the understanding between them and propose a better management system in order to discard the issues related to the environment. The continuous observation on the environment has to be maintained to propose the new proposal. Environmental risk management would maintain the proper balance. 

Implement: The stakeholders would take the responsibility to maintain the implementation of the agreements by keeping in mind the environmental factors. Nothing has been done that has the adverse effect on the environment. The stakeholders would place their special consideration on the environment.

Outcomes: The outcomes would be observed with care. The outcomes are described below.

 

                                                          The outcomes 

  • The reduction of the carbon emission has been noticed.

  • The special eye on global warming.

  • The noticeable reduction of the usages of fossil fuels.

  • The temperature of the climate would be tackled with care.

  • New technologies are used to invest and develop policies related to the environment.

This is a sample report on procedure for sustainability From our experts get your report right now

The indicators of the performance

It indicates the performance of the commonwealth bank in order to sustain the business by following the policy. The success and failure of the commonwealth bank has been utilized by the indicators. The internal as well as external stakeholders would agree with the indicators of the performance (Roome & Louche, 2016). These are given below:

The climate change indicator would be placed to observe the changes of the climate.

The utilization of the resources would be done in a proper manner.

The carbon emission control indicator is placed to reduce the carbon emission.

The fossil fuels would be reduced.

 The renewable energy sources are taken into consideration.

5) a) The policy promotion

The policy promotion is related to the policy which would be promoted in an effective way to imply the significant means. They are given below.

The training is required in order to promote the policy.

The expert employees are needed to use renewable energy sources.

The promotion of the policy has been done through advertisement, meet the stakeholders to make them understand about the policy.

Through annual reports, business meetings and different conferences the policy can be promoted. 

The expected outcomes

The expected outcomes are considered in order to implement the policy in real time. These outcomes are given below.

The reductions of the usages of fossil fuels are noticeable. 

The carbon emission is reduced.

 Temperature factors should be kept in mind in order to reduce global warming (McAvoy, 2018).

5) b) The procedures are followed to implement the policy

The processes are needed to be followed in order to implement the policy.

The awareness among the public would be increased about climate change.

The ideas are provided about the way to use renewable energy sources.

The ideas about the new resources would be provided.

The adoption of new technologies would be kept in mind while doing the implementation.

5)c) 

The responsibilities are assigned to implement the policies which track improvements in the field of sustainability continuously. These are described below. 

A core team is formed who has the responsibility to look after the usages of the fossil fuels which has been reduced noticeable by calculating the usages of the fossil fuels in the operating systems of the bank by their customers, partners, beneficiary etc. 

The report is gathered by monitoring the performance of the core team by the board team and the collected data is analyzed in proper way. 

Strategies

The strategies are followed for the continuous improvement in the efficiency of the resources which includes life cycle management. These strategies are given below.

The skilled employees would be appointed who have ideas about the alternate resources.

The employees would be experienced in the field of using the renewable energy.

Monitor the carbon emission regularly.

Monitor the implementation of the renewable energy in different sectors.

Monitor the fossil fuels usages continuously.

7) a) Investigate and document the outcomes

The investigations are done on the outcomes and select the successful ones to prepare the outcomes in an effective way. These are given below:

The investigations are done on the environment whether it is polluted or not.

The investigations are done on carbon emission whether it is reduced or not.

The investigations are done on the usages of the fossil fuels whether it is reduced or not.

The investigations are done on the global warming.

The investigations are done on the temperature whether it is reduced or not.

The investigations are done on the adaption of the new technologies.

The investigations are done on the usages of resources whether it is effective or not.

The success comes when all the investigations are done effectively (McAvoy, 2018). The success has been measured by the proper inspection and then makes the documentation on the success outcomes. 

7) b) The identification of the areas where the remedial actions are needed to be taken to keep improving the performance. These areas are given below:

                 Areas identification 

                    Remedial actions

Environment

The lower the carbon emission by stop using the way which creates lot of carbons.

Fossil fuel

The reduction of the usages of the fossil fuels by developing the green resources.

New technologies

Adaptation of the new technologies in order to meet the rapid change of the environment.

Global warming

The strategies are taken into consideration in order to decrease the temperature of the environment in order to reduce the global warming.

7) c) Feedback providing

The providing feedback is essential due to the further development of the processes. The positive feedback is always desirable. The meetings or the conferences are held due to the providing feedback to the main stakeholders. The proper utilizations of the resources are done by adopting the new technologies. The feedback is given through the social media, public meetings, conferences etc. The renewable energy sources would be utilized properly.

8) The adjustments of the policy based on the feedback

From the feedback, it has been seen that the proper utilization of the renewable energy sources would be needed in order to sustain the business. The modifications are done of the policy. These are given below:

Search for the renewable resources.

The expert employees would be hired in order to utilize the resources efficiently.

The usages of the resources would be minimized.

The new technologies would be adopted to find the renewable resources (McAvoy, 2018). 

Conclusion

The proper utilizations of the resources have been done due to maintain the sustainability in the business. The environment is the most important factor which has to be noticed with care. The policy has been passed in order to sustain the business by keeping the special eye on the environment. The emission of carbon would be reduced. The global warming has the adverse effects on the environment. To reduce the effect of the global warming, a special consideration is done on the reduction of the temperature. The change of climate has been tackled with care. The SWOT Analysis has been done to utilize the factors associated with it. The adaptations of the new technologies are noticeable. The application of the fossil fuels would be reduced in an effective way. All these policies are followed to sustain the business of the commonwealth bank.

Reference List

Chang, V., Walters, R. J., & Wills, G. B. (2016). Organisational sustainability modelling—An emerging service and analytics model for evaluating Cloud Computing adoption with two case studies. International Journal of Information Management, 36(1), 167-179.

Earl, C., & Taylor, P. (2015). Is workplace flexibility good policy? Evaluating the efficacy of age management strategies for older women workers. Work, Aging and Retirement, 1(2), 214-226

Hahn, T., Pinkse, J., Preuss, L., & Figge, F. (2015). Tensions in corporate sustainability: Towards an integrative framework. Journal of Business Ethics, 127(2), 297-316.

Kawakami, N., & Tsutsumi, A. (2015). The Stress Check Program: a new national policy for monitoring and screening psychosocial stress in the workplace in Japan. Journal of Occupational Health, 15-0001.

McAvoy, H. (2018). 1684b Learning from the consultation on a healthy workplace framework for Ireland

Montini, T., Mangurian, C., & Bero, L. A. (2016). Assessing the evidence submitted in the development of a workplace smoking regulation: the case of Maryland. Public health reports.

Narayanan, V., & Adams, C. A. (2017). Transformative change towards sustainability: the interaction between organisational discourses and organisational practices. Accounting and Business Research, 47(3), 344-368.

Pot, F. D., Totterdill, P., & Dhondt, S. (2016). Workplace innovation: European policy and theoretical foundation.

Roome, N., & Louche, C. (2016). Journeying toward business models for sustainability: A conceptual model found inside the black box of organisational transformation. Organization & Environment, 29(1), 11-35.

This is a sample report on Procedure for sustainability From our experts get your report right now

Need Assignment Help! Service, Order Now

Our Top Features

All Subjects Covered

It doesn’t matter if you are in college or university our experts have got all your academic needs covered. Be it Law, Management, Business, IT, Finance or others our experts have got you covered.

Plagiarism Free Work

We understand just how embarrassing  it can be to get your papers rejected due to plagiarism. Therefore at Topicwize, we have a strict rule against plagiarism.

Unlimited Revisions

We are aware that every client has a different set of requirements. So even though our writers may draw impeccable contents, it may not live up to your expectation.

24/7 Live Support

Last minute assignments can truly be a hassle.So, we decided to launch the ’24-hour deadline assignment service’. Even if you have an assignment that needs to be submitted within 24 hours, we will accept your order.