How sustainability benefits business performance

How sustainability benefits business performance

How sustainability benefits business performance
Using renewable energy can minimize vulnerability to fluctuations in the price of fossil fuels. (Shutterstock)
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Sustainability today is a core consideration in planning for organizational success. With tightening emissions targets and rising environmental awareness, there are tremendous pressures on businesses to become more sustainable.

This transition is not solely about compliance and social responsibility, however. It is about sustainability as a performance enabler — a driver of change that unlocks competitiveness and adaptability across the value chain.

Business sustainability can thus be described as a process of managing business activities in a way that maximizes efficiency without harming future generations.

Environmental sustainability, social responsibility, and corporate financial performance can all be included in the definition of the environmental, social, and governance concept, known in common parlance as ESG.

Sustainable value generation entails those actions that create and sustain growth, profitability, and enhanced value for shareholders in the long term.

There are clear economic benefits to be gained from greater sustainability. Embracing energy efficiency and reducing waste, for instance, cuts costs in production, while using renewables can minimize vulnerability to fluctuations in the price of fossil fuels.

Sustainable businesses are also able to attract cash from investors who prefer firms with strong ESG disclosures. Other analyses have revealed that a high ESG score reduces capital costs and enhances a firm’s performance.

The strategic management of environmental impact can bring both short and long-term benefits to organizations, including customer loyalty, reduced legal risks, and reputational capital.

Corporate social responsibility refers to the responsibilities that a business has to society and the impact of its operations on communities. To meet these responsibilities, firms are encouraged to respect labor practices and use ethical sources of labor.

Sustainability can give companies a competitive edge over their rivals, while at the same time being considerate to people and the planet.

Majed Al-Qatari

Cultivating a rapport and engaging with stakeholders, including employees, customers, suppliers, and communities, is an effective way of meeting those responsibilities.

Organizations with good social performance can attract talent, encourage return custom, and stave off the possibility of boycotts. Stakeholder engagement is a key factor in this, helping firms develop a robust business model that can easily cope with social shifts.

Potential barriers to sustainability include costs, resistance to change, and difficulties evaluating social and ecological impact. But with adequate planning, stakeholder input, and the use of technology in gathering and analyzing data, these can be overcome.

Meanwhile, industrial partnerships and government subsidies can assist with financial and operational challenges, while training and education programs can help shift organizational culture in favor of greater sustainability.

The circular economy, with its emphasis on recycling, and the growth of green finance will define the future business world, while artificial intelligence and the internet of things will allow organizations to monitor the effectiveness of their sustainability initiatives.

In sum, sustainability can give companies a competitive edge over their rivals, while at the same time being considerate to people and the planet.

Every firm that dreams of a prosperous future should invest in sustainable practices, thereby guarantee lasting benefits for itself and its stakeholders.

Majed Al-Qatari is a sustainability leader, ecological engineer and UN Youth Ambassador with experience in ESG and sustainability goals in business, nonprofits and financial institutions.

Disclaimer: Views expressed by writers in this section are their own and do not necessarily reflect Arab News' point of view

Pakistani neuroscientist accused of 'terrorism' calls for pardon before Biden leaves office

Pakistani neuroscientist accused of 'terrorism' calls for pardon before Biden leaves office
Updated 1 min 28 sec ago
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Pakistani neuroscientist accused of 'terrorism' calls for pardon before Biden leaves office

Pakistani neuroscientist accused of 'terrorism' calls for pardon before Biden leaves office
  • Dr. Aafia Siddiqui was sentenced to 86 years in prison on multiple charges, including attempting to kill US nationals
  • Her lawyer has submitted a dossier to Biden, who has until Monday to grant clemency before Trump's swearing-in

KARACHI: A Pakistani neuroscientist accused of "terrorism" by Washington has appealed to outgoing US President Joe Biden to grant her clemency before he hands over the reins of the country to President-elect Donald Trump, her lawyer said this week. 

Dr. Aafia Siddiqui, a US-trained neuroscientist, was convicted in 2010 on multiple charges, including attempting to kill US nationals. She became a suspect after leaving the US and marrying a nephew of Khalid Sheikh Mohammed, a self-proclaimed mastermind of the Sept. 11, 2001, attacks.

Siddiqui was wounded during a confrontation with US officials in Afghanistan in 2008, with some reports suggesting she shot at the Americans. She was sentenced to 86 years in prison in 2010, prompting a huge outcry from Pakistan and human rights voices worldwide. 

Dr Siddiqui's lawyer, Clive Stafford Smith, has submitted a 76,500-word dossier to Biden and is calling on the American president to pardon him before Trump's swearing-in on Monday. 

"We just pray and keep our fingers crossed and I hope to goodness our clemency is granted Monday morning," Smith said in a video message. 

"And if not, revert to plan B and plan C and plan D until we get her out of this awful place," he added. 

Smith said Siddiqui was "in good spirits" when he met her on Friday at the detention facility in Fort Worth, Texas, for four hours despite her trauma. He said Dr. Fowzia Siddiqui, her sister, had traveled 10,000 miles to see her sister but was only allowed 40 minutes to see her sister. 

Prime Minister Shehbaz Sharif also wrote a letter to Biden in October 2024, calling for Siddiqui's release. 

In the letter, Sharif stressed that several Pakistani officials had made consular visits to her in prison, raising "serious concerns" about her treatment while incarcerated.

The prime minister said her time in prison had "severely impacted her already fragile mental and frail physical health," adding: "In fact, they [the officials] even fear that she could take her own life."

Biden has until Monday to grant Siddiqui clemency. So far, he has issued 39 pardons and commuted 3,989 sentences.

According to Sky News, Smith claims a catalog of intelligence errors led to her initially becoming a suspect, citing witness testimonies that were unavailable at the time of her trial.

Smith said US intelligence "got the wrong end of the stick in the beginning" as agencies thought Siddiqui was a nuclear physicist working on a radioactive bomb "when she really did her PhD in education".

He said this happened as the US was "terrified of terrorists getting their hands on WMD (weapons of mass destruction)", adding: "She's no more of a terrorist than I am".

The US Department of Justice did not respond to Sky News. 


Fit-again Yadav named in India’s squad for Pakistan-hosted Champions Trophy

Fit-again Yadav named in India’s squad for Pakistan-hosted Champions Trophy
Updated 33 min ago
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Fit-again Yadav named in India’s squad for Pakistan-hosted Champions Trophy

Fit-again Yadav named in India’s squad for Pakistan-hosted Champions Trophy
  • Kuldeep Yadav hasn’t played cricket since hernia surgery in November 
  • India retain most of their players who competed at 2023 ODI World Cup

NEW DELHI: India named fit-again spinner Kuldeep Yadav in a 15-man squad for next month’s Champions Trophy on Saturday with Rohit Sharma leading the team into the eight-nation tournament.

Kuldeep hasn’t played competitive cricket since his hernia surgery in November but could play pivotal role on slow pitches of Dubai, where India will be playing all its games. The left-arm wrist spinner has been building up his workload at the National Cricket Academy in Bengaluru.

The Indian squad also includes fast bowler Jasprit Bumrah.

India retained most of its players who competed at the 2023 ODI World Cup. Shreyas Iyer and Lokesh Rahul have retained their places while Shubman Gill was named as the team’s vice-captain. Rishabh Pant is the second wicketkeeper chosen in the squad as Sanju Samson couldn’t make the 15.

Fast bowler Mohammad Shami also returns to ODI cricket, having last played the 50-over format at home in the 2023 ODI World Cup where he picked up 24 wickets and was the tournament’s highest wicket-taker. Left-arm fast bowler edged out Mohammed Siraj after his impressive performances in white-ball cricket.

India is placed in group A alongside host Pakistan, Bangladesh and New Zealand.
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Squad: Rohit Sharma (captain), Shubman Gill, Virat Kohli, Shreyas Iyer, KL Rahul, Hardik Pandya, Yashasvi Jaiswal, Rishabh Pant, Ravindra Jadeja, Axar Patel, Washington Sundar, Kuldeep Yadav, Jasprit Bumrah, Mohammed Shami, Arshdeep Singh.


Pakistani authorities arrest suspected human smuggler linked to last year’s Greece boat tragedy

Pakistani authorities arrest suspected human smuggler linked to last year’s Greece boat tragedy
Updated 19 January 2025
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Pakistani authorities arrest suspected human smuggler linked to last year’s Greece boat tragedy

Pakistani authorities arrest suspected human smuggler linked to last year’s Greece boat tragedy
  • FIA says it found evidence of human smuggling from the suspect's mobile phone after arrest
  • Abdul Salam allegedly extorted Rs4.5 million from a victim who drowned in the boat tragedy

KARACHI: Pakistani authorities on Saturday announced the arrest of a suspected human smuggler from Azad Kashmir, accusing him of involvement in last year’s Greece boat tragedy that killed five nationals and charging him with sending one victim abroad after taking Rs4.5 million ($16,200).

The incident occurred in December when a wooden vessel carrying migrants, which departed from Libya, sank off the southern Greek island of Gavdos. The government has intensified its crackdown on human smugglers in recent months, leading to several arrests.

The latest detention comes just days after another boat capsized off Morocco’s coast, where over 40 Pakistanis are feared to have drowned.

“The smuggler involved in the Greece boat tragedy has been arrested,” the Federal Investigation Agency (FIA) said in a statement. “The accused, Abdul Salam, was apprehended during a raid in Bhimber, Azad Kashmir.”

“He was part of a gang involved in human trafficking and extorted Rs4.5 million from victim Ahsan Ali for facilitating his travel to Europe,” it added.

The FIA said the suspect and his associates had kept the victim in safe houses in Libya before coercing him to board the ill-fated boat to Greece. Ali, who hailed from Jalalpur Jattan, died in the shipwreck.

The FIA informed that evidence related to human smuggling was recovered from the suspect’s mobile phone, and investigations were ongoing to track down his accomplices.

“We are using all resources to ensure the arrest of those involved in these tragic incidents,” said Abdul Qadir Qamar, Director of FIA’s Gujranwala Zone. “Raids are being conducted to apprehend the remaining suspects.”

The FIA reiterated its commitment to bringing human smugglers to justice.

“No one will be allowed to play with the lives of innocent people,” the statement said. “Those responsible will face severe punishments based on solid evidence.”


Netanyahu says Israel will not proceed with Gaza ceasefire until it gets hostage list

Netanyahu says Israel will not proceed with Gaza ceasefire until it gets hostage list
Updated 19 January 2025
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Netanyahu says Israel will not proceed with Gaza ceasefire until it gets hostage list

Netanyahu says Israel will not proceed with Gaza ceasefire until it gets hostage list
  • Israel reserves right to resume war with American support, warns Netanyahu 
  • Statement comes days after US, other states broker hostage and ceasefire deal 

JERUSALEM: Prime Minister Benjamin Netanyahu said Saturday that Israel reserves the right to resume fighting in Gaza with US support, as he pledged to bring home all hostages held in the Palestinian territory.
“We reserve the right to resume the war if necessary, with American support,” Netanyahu said in a televised statement, a day before a ceasefire is set to take effect.
“We are thinking of all our hostages ... I promise you that we will achieve all our objectives and bring back all the hostages.
“With this agreement, we will bring back 33 of our brothers and sisters, the majority (of them) alive,” he said.
He said the 42-day first phase, which starts on Sunday, was a “temporary ceasefire.”
“If we are forced to resume the war, we will do so with force,” Netanyahu said, adding that Israel had “changed the face of the Middle East” since the war began.


South Korea’s impeached president is arrested over a martial law declaration as his supporters riot

South Korea’s impeached president is arrested over a martial law declaration as his supporters riot
Updated 19 January 2025
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South Korea’s impeached president is arrested over a martial law declaration as his supporters riot

South Korea’s impeached president is arrested over a martial law declaration as his supporters riot
  • The crisis began when Yoon, in an attempt to break through legislative gridlock, imposed military rule and sent troops to the National Assembly and election offices
  • After managing to get through a blockade, lawmakers voted to lift the measure. The opposition-dominated assembly then voted to impeach Yoon on Dec. 14

SEOUL,: South Korea’s impeached President Yoon Suk Yeol was formally arrested early on Sunday, days after being apprehended at his presidential compound in Seoul. He faces possible imprisonment over his ill-fated declaration of martial law last month.
Yoon’s arrest could mark the beginning of an extended period in custody, lasting months or more.
The decision to arrest Yoon triggered unrest at the Seoul Western District Court, where dozens of his supporters broke in and rioted, destroying the main door and windows. They used plastic chairs, metal beams and police shields that they managed to wrestle away from officers. Some were seen throwing objects and using fire extinguishers, destroying furniture and glass doors. They shouted demands to see the judge who had issued the warrant, but she had already left.
Hundreds of police officers were deployed and nearly 90 protesters were arrested. Some injured police officers were seen being treated at ambulance vans. The court said it was trying to confirm whether any staff members were injured and assess the damage to its facilities.
A court deliberated for 8 hours
Following eight hours of deliberation, the court granted law enforcement’s request for an arrest warrant for Yoon, saying he was a threat to destroy evidence. Yoon and his lawyers on Saturday appeared before the court and argued for his release.
Yoon, who has been in detention since he was apprehended Wednesday in a massive law enforcement operation at his residential compound, faces potential rebellion charges linked to his declaration of martial law on Dec. 3, which set off the country’s most serious political crisis since its democratization in the late 1980s.
The Corruption Investigation Office for High-Ranking Officials, which is leading a joint investigation with police and the military, can now extend Yoon’s detention to 20 days, during which they will transfer the case to public prosecutors for indictment.

Yoon’s lawyers could also file a petition to challenge the court’s arrest warrant.
Yoon’s appearance in court triggered chaotic scenes in nearby streets, where thousands of his fervent supporters rallied for hours calling for his release. Even before the court issued the warrant for Yoon’s arrest, protesters repeatedly clashed with police who detained dozens of them, including about 20 who climbed over a fence in an attempt to approach the court. At least two vehicles carrying anti-corruption investigators were damaged as they left the court after arguing for Yoon’s arrest.
Yoon’s lawyers said he spoke for about 40 minutes to the judge during the nearly five-hour closed-door hearing Saturday. His legal team and anti-corruption agencies presented opposing arguments about whether he should be held in custody.
Yoon’s defense minister, police chief and several top military commanders have already been arrested and indicted for their roles in the enforcement of martial law.
Yoon’s lawyer decries his arrest
The crisis began when Yoon, in an attempt to break through legislative gridlock, imposed military rule and sent troops to the National Assembly and election offices. The standoff lasted only hours after lawmakers who managed to get through a blockade voted to lift the measure. The opposition-dominated assembly voted to impeach him on Dec. 14.
His political fate now lies with the Constitutional Court, which is deliberating whether to formally remove him from office or reinstate him.
Seok Dong-hyeon, one of Yoon’s lawyers, called the court’s decision to issue the warrant “the epitome of anti-constitutionalism and anti-rule of law,” maintaining Yoon’s claim that his martial law decree was a legitimate act of governance. He pointed to the chaos at the Seoul Western Court and said Yoon’s arrest would inspire more anger from his supporters.
Yoon’s People Power Party regretted his arrest but also pleaded for his supporters to refrain from further violence.
The liberal opposition Democratic Party, which drove the legislative effort to impeach Yoon on Dec. 14, said his arrest would be a “cornerstone for restoring the collapsed constitutional order.” Kim Sung-hoi, a party lawmaker and spokesperson, called for stern punishment of Yoon’s supporters who stormed the court.
“I urge police to firmly enforce the law so that forces supporting rebellion will never even think of causing turmoil again,” he said.
The country’s acting leader, Deputy Prime Minister Choi Sang-mok, expressed “strong regret” about the violence at the court, saying it “directly undermines democracy and the rule of law.” He asked for heightened security at the sites related to Yoon’s case and measures to ensure order during protests.
Yoon was transported to the court from a detention center in Uiwang, near Seoul, in a blue Justice Ministry van escorted by police and the presidential security service, to attend the hearing at the court ahead of its warrant decision.
The motorcade entered the court’s basement parking space as thousands of Yoon’s supporters gathered in nearby streets amid a heavy police presence. Following the hearing, Yoon was transported back to the detention center, where he awaited the decision. He did not speak to reporters.
After its investigators were attacked by protesters later on Saturday, the anti-corruption agency asked media companies to obscure the faces of its members attending the hearing.
Yoon insists his martial law decree was legitimate
Yoon and his lawyers have claimed that the martial law declaration was intended as a temporary and “peaceful” warning to the liberal opposition, which he accuses of obstructing his agenda with its legislative majority. Yoon says the troops sent to the National Election Commission offices were to investigate election fraud allegations, which remains unsubstantiated in South Korea.
Yoon has stressed he had no intention of stopping the functioning of the legislature. He stated that the troops were sent there to maintain order, not prevent lawmakers from entering and voting to lift martial law. He denied allegations that he ordered the arrests of key politicians and election officials.
Military commanders, however, have described a deliberate attempt to seize the legislature that was thwarted by hundreds of civilians and legislative staff who helped lawmakers enter the assembly, and by the troops’ reluctance or refusal to follow Yoon’s orders.
If prosecutors indict Yoon on rebellion and abuse of power charges, which are the allegations now being examined by investigators, they could keep him in custody for up to six months before trial.
If the first court convicts him and issues a prison term, Yoon would serve that sentence as the case possibly moves up to the Seoul High Court and Supreme Court. Under South Korean law, orchestrating a rebellion is punishable by life imprisonment or the death penalty.