Integrating Environmental Social Responsibility into Commerce by Adopting Sustainable Business Practices for Long-Term Success

Integrating Environmental Social Responsibility into Commerce by Adopting Sustainable Business Practices for Long-Term Success

Registration ID: IJNRD_227153

Published ID: IJNRD2408381

DOI: Click Here to Get

Dr. Chandrakala Himanshu Joshi

Environmental Social Responsibility, financial performance, operational efficiencies, regulatory compliance, sustainable business practices.

This study explores the impact of integrating Environmental Social Responsibility (ESR) into business practices on financial performance, operational efficiencies, and regulatory compliance, focusing on Tata Power and Godrej Group in the Mumbai region. Utilizing secondary data from company reports and industry sources, the research demonstrates that adopting sustainable practices yields significant benefits. Tata Power experienced a 12% increase in revenue growth and an 8% improvement in profit margins, alongside a 15% reduction in energy consumption and a 25% decrease in waste. Godrej Group achieved an 18% price premium and a 20% reduction in water usage, with enhanced supply chain efficiency by 12%. The study also highlights the crucial roles of regulatory compliance and leadership commitment in effective ESR integration. Tata Power’s full compliance with regulations and high adoption of standardized reporting, combined with Godrej Group’s substantial leadership involvement and employee ESG training, emphasize the importance of these factors in driving successful sustainability initiatives. The findings underscore that integrating ESR not only aligns with regulatory and ethical standards but also enhances financial performance and operational efficiency, offering valuable insights for businesses seeking to leverage sustainability for competitive advantage.

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"Integrating Environmental Social Responsibility into Commerce by Adopting Sustainable Business Practices for Long-Term Success ", IJNRD - INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT (www.IJNRD.org), ISSN:2456-4184, Vol.9, Issue 8, page no.d407-d414, August-2024, Available :https://ijnrd.org/papers/IJNRD2408381.pdf

Volume 9 Issue 8, August-2024

Pages : d407-d414

Paper Reg. ID: IJNRD_227153

Published Paper Id: IJNRD2408381

Downloads: 000121180

Research Area: Engineering

Country: -, -, India

Published Paper PDF: https://ijnrd.org/papers/IJNRD2408381.pdf

Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2408381

Journal Name: INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT(IJNRD)

ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar | ESTD YEAR: 2016

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Publisher: IJNRD (IJ Publication) Janvi Wave

This work is licensed under a Creative Commons Attribution 4.0 International License and The Open Definition

Call For Paper - Volume 10 | Issue 8 | August 2025

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INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT (IJNRD) aims to explore advances in research pertaining to applied, theoretical and experimental Technological studies. The goal is to promote scientific information interchange between researchers, developers, engineers, students, and practitioners working in and around the world. IJNRD will provide an opportunity for practitioners and educators of engineering field to exchange research evidence, models of best practice and innovative ideas.

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Current Issue: Volume 10 | Issue 8

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