If we are to take the industries of today, one can easily find out that the industry of today is quite different when compared to their activities two decades ago, let alone five years ago. The reason for this is due to the fac that that there has been a shift in mindset and societal standards as whole, which have made the industries of today become more conscious about the world around them. This article will showcase just some of the stakeholders that have made such a change to how industries function. Without further ado, let us get right into it.
One of the first stakeholders that have influenced the industries of today change for the better, is the government. Their constant regulations and scrutiny of local and international industries have been extremely effective as they make sure that the industries follow international standards of operations and even waste disposal. For example, modern-day industry would often hire a professional organization to do hydro blasting in order to clean their pipes, as opposed to finding rudimentary ways of cleaning it. The reason for this is due to the regulations set by the governments.
The other major stakeholder that has made a direct effect on the activities of industries is the consumers. The reason for this is due to the fact that consumers of today are becoming more conscious about the world around them, and want to make sure that the planet is habitable for their future generations as well. As a result, they make an effort to make sure that they support industries that are conscious in a similar manner. Such a mindset compels industries to shift into environmentally friendly methods to have a good image to consumers as a whole.
These types of stakeholders can be considered as secondary stakeholders. The reason for this is due to the fact that international organizations are there to make sure that there is some sort of global standard in the operation of industries. For example, the United Nations Framework Convention on Climate Change is an organization that gives the platform for countries to pledge their allegiance to a more sustainable planet, which in turn compels them to make sure that industries are in line with their pledges. This makes it possible for industries to share their knowledge on how to become greener as well, since companies from around the world meet.
Corporate Social Responsibility
This is not necessarily a result of a stakeholder, but comes from the industry itself. Industries are naturally conscious about the world around them, and as a result, they make sure that they do everything they can to make sure that they do not harm the planet. Therefore, if an industry is producing waste that is harmful to the environment, they would at least do some carbon offsetting activity to balance out the environmental impact.
In conclusion, industries are indeed becoming more and more greener due to a lot of changes in the mindset of societies.