Best Practices for Sustainable Business Development with the Professional Undergraduate Diploma in Creating and Sustaining a Business

In today's rapidly changing business landscape, sustainability has become a key focus for companies looking to create long-term value. The Professional Undergraduate Diploma in Creating and Sustaining a Business equips individuals with the knowledge and skills needed to develop sustainable business practices. Here are some best practices for sustainable business development:

Best Practices	Statistics
Implementing renewable energy sources	According to a study by the International Renewable Energy Agency, renewable energy sources accounted for 72% of all new power capacity added globally in 2019.
Reducing waste and promoting recycling	The Ellen MacArthur Foundation estimates that the global economy could benefit by $700 billion annually by 2050 through circular economy practices such as recycling.
Investing in employee training and development	A survey by Deloitte found that 84% of employees believe that learning and development opportunities are important in deciding whether to stay with a company.
Building strong relationships with suppliers	Research by the Sustainable Procurement Pledge shows that companies with sustainable procurement practices can reduce costs by up to 6%.

By incorporating these best practices into their business strategies, companies can not only reduce their environmental impact but also improve their bottom line and enhance their reputation among consumers.

With the Professional Undergraduate Diploma in Creating and Sustaining a Business, individuals can gain the knowledge and skills needed to implement these best practices and drive sustainable business development.

Source: Data compiled from various reputable sources.