DOMBIVLI SHIKSHAN PRASARAK MANDAL’S

K. V. PENDHARKAR COLLEGE OF ARTS, SCIENCE AND

COMMERCE (AUTONOMOUS).
Dombivli (East) 421203, Dist. Thane.
DEPARTMENT OF ACCOUNTING & FINANCE
SECOND INTERNAL EXAMINATION - SEMESTER II

PRESENTATION
For the subject of
FOUNDATION COURSE - II
By
VIRESH KISHOR SHINDE
Roll No: 218132
Class: FYBAF Division: B
To the Subject Teacher
Prof. Tejas Risbood
 Name of the topic
Sustainable Development
 Meaning

Sustainable development is an organizing

principle for meeting human development goals

while also sustaining the ability of natural systems

to provide the natural resources and ecosystem

services on which the economy and society

depend.
 Factors affecting Sustainable development

1. Climate change

There is a reason that climate change appears first on so many lists about sustainability.
Climate change is perhaps the greatest crisis affecting our planet today. It stems from one
major cause, namely, the gradual warming of the planet due to greenhouse gases produced by
the burning of fossil fuel

2. Environment :

Environmental sustainability might be defined as how well we preserve the sanctity of our
environment. This could mean developing more sustainable methods of procuring and using
tangible natural resources like wood, metal, or water, as well as more ephemeral resources like
electricity. This factor is all about moderation as a species. We need to curb our unchecked
consumption of natural resources in order to be more sustainable.
 How to overcome with sustainable development

1. Use sustainability as a unique selling point

Consumers are increasingly looking to buy ethically sourced, sustainable products, especially in
the food sector. Brands should use their sustainability as a point of difference to encourage sales,
argues Rich Clothier, managing director of Wyke Farms.

2. Think long term

One of the main cultural barriers across society is the focus on short-term key performance
indicators (KPIs) and budgets. A sustainable business needs to encourage all those it works with
to look at, and reward, long-term results. This idea is perhaps most apparent in the construction
industry, where the perceived higher cost often blocks the creation of greener buildings. “When
looking at costs across the lifetime of a building, it really makes economic sense to build a green
building,” says Elaine Trimble, urban infrastructure economist at Siemens.
 How to overcome with sustainable development

3. Improve management skills

Symons says that sharing knowledge from the experts to every member of staff is one of the
biggest challenges to achieving full sustainability. It is difficult, he says, to find the opportunity “to
give all our design teams a practical knowledge of our future world, so that they can design to it”.
Good management, however, could make this change happen.

4. Take risks
Many sustainable businesses have taken risks by investing in systems and technologies that are not
yet mainstream. While it is easier for new businesses to set up in a sector with more developed
systems working and paying for themselves, it is much tougher for early adopters to raise the
finance for relatively unproven technology.
Thank You!!!