700-245 Dumps - Environmental Sustainability Practice-Building(ESPB) Practice Exam Questions

Sustainable business practicesare those that focus on long-term success by balancing environmental, social, and economic factors. Two key descriptions are:

Are socially responsible (D):Sustainable practices involve conducting business in a way that benefits society, including fair labor practices, reducing environmental harm, and contributing to the well-being of communities. This ensures a positive impact on both people and the planet.

Should be economically viable (E):Sustainability must also be economically feasible. This means that businesses need to adopt practices that ensure profitability while minimizing resource consumption and waste. Economic viability ensures that sustainability can be maintained in the long term, benefiting both the business and its stakeholders.

Environmental Sustainability References:

United Nations Global Compact. (2020).Social Responsibility and Sustainable Business Practices.

World Economic Forum. (2021).The Triple Bottom Line: Environmental, Social, and Economic Sustainability.

McKinsey & Company. (2021).Sustainability: A Business Imperative for Long-Term Growth.

Three factors contributing to organizations evaluating whether to return to the office, continue remote work, or adopt a hybrid model are:

War for talent (B):Companies are competing to attract and retain skilled employees. Offering flexible work arrangements, such as remote or hybrid work, can be a crucial factor in appealing to top talent who prioritize work-life balance and flexibility.

Cost management (D):Remote and hybrid work models can reduce operational costs, such as office space, utilities, and on-site amenities. Organizations are assessing the financial implications of maintaining large office spaces versus allowing more remote work.

The blurring of the workday (E):As employees work remotely, the traditional boundaries between work and personal time have become less distinct. Companies are considering how hybrid models impact productivity, employee well-being, and work-life balance.

Environmental Sustainability References:

Gartner. (2021).Remote Work, the War for Talent, and Organizational Decision-Making.

Harvard Business Review. (2021).How Cost Management Influences Remote and Hybrid Work Decisions.

McKinsey & Company. (2021).The Future of Hybrid Work: Flexibility, Talent, and Work-Life Balance.