Though sustainability initiatives are admittedly often driven by regulatory requirements, an increasing number of companies are noticing that they frequently result in decreased operating costs and...

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Though sustainability initiatives are admittedly often driven by regulatory requirements, an increasing number of companies are noticing that they frequently result in decreased operating costs and increased revenues. Recent research has shown a strong and positive link between successful sustainability strategy and corporate value. Sustainability can enhance businesses in several ways.



Explain and analyze how one organization/company in the Kingdom of Saudi Arabia is benefiting from the sustainability initiatives.


· Embed course material concepts, principles, and theories, which require supporting citations, along with at least two scholarly peer-reviewed references in supporting your answer. Keep in mind that these scholarly references can be found in the Saudi Digital Library by conducting an advanced search specific to scholarly references.


· Use Saudi Electronic University academic writing standards and APA style guidelines, citing references as appropriate. Post your initial response early and check back often to continue the discussion.


Be sure to support your statements with logic and argument, citing all sources referenced. Post your initial response early, and check back often to continue the discussion. Be sure to respond to your peers’ posts as well.

Answered Same DayJan 29, 2021

Answer To: Though sustainability initiatives are admittedly often driven by regulatory requirements, an...

Soumi answered on Jan 30 2021
139 Votes
Running Head: ECONOMICS        1
ECONOMICS         3
ECONOMICS
Sustainability initiatives have recently becom
e one of the best strategies for companies to increase their incoming revenues, along with decreasing their operational expenditures. As mentioned by Loeser, Recker, Brocke, Molla and Zarnekow (2017), this has overall helped in enhancement of corporate values that are generating positive market reputation for them. Farabi Petrochemicals is one such company that has been very conscious in this regard and has also been found to gain excessive success with their implementation of sustainability initiatives.
Farabi Petrochemicals is an organization, manufacturing Linear Alkylbenzene and Normal Paraffin, implementing UOP Technology (Farabi Petrochemicals Co., 2019). It is strategically located in the Jubail Industrial City of the Kingdom of Saudi Arabia, where it can get easy supplies of feedstock, better amenities and incomparable infrastructure in order to withstand the global...
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