1.0 Introduction:
What could be the meaning of sustainability practice of businesses and why any organization would care about the same? It has been found from a review that more than 50 of the world’s largest economies happen to be companies. For instance, [login to view URL] is larger than Kenya and General Electricals (GE) is of the size of New Zealand (Trivett, 2011). The single point of social responsibility that lies with any business is in using its resources and engaging in activities that are designed to append on its profits.
Sustainable development is one that can meet the needs that present situation any business has without damaging the future generation’s ability of meeting their needs (Freedman and Jaggi, 2010). In understanding the concept of sustainable development, there is the prime need to understand how it would impact its stakeholders. In this context it is important that a feasible definition of stakeholder is evaluated.
Stakeholders are the entities that are affected by the activities of the organization. In case of the bank the researcher is studying about, the stakeholders are its institutional investors, funds, public, insurance firms, companies that trade on fossil fuels etc.
This report is an attempt to perform the sustainability analysis of a bank that is based in Australia and called LCB Investments. In studying about how sustainable development of the bank can be worked out, a careful look into its stakeholders and how they influence the needs as wel