Estée Lauder Sustainability Strategy (Essay Sample)

Estée Lauder Sustainability Strategy
Name
Institutional Affiliation
Estée Lauder Sustainability Strategy
Estée Lauder
Estée Lauder company claims to be using sustainable business practices across its operations and production environments. The company produces and markets quality makeup, haircare, skincare, and fragrance products. Estée Lauder company’s prestigious products are sold across one hundred and fifty countries under the brand name that sells through the policies of sustainable business practices (SBP). The organization uses SBP based on the long-term missions and vision statements linking the operations to environmental conservation. The long-term success of Estée Lauder depends on the organization's ability to make conscious decisions emended towards sustainable business practices. The organization applies understandable skills, knowledge, and strategies to manage social, economic, and environmental impacts throughout its value chain. The heritage of responsibility is continuously built by strengthening existing policies, identifying future goals and targets, and establishing critical data and information regarding SBP.
Triple Bottom Line Components
The company mentions all the three components of the triple bottom line to enhance the quality of life in its operational markets. Social sustainability is listed in the organization not only when measuring the business's profits in human capital but also while including its local society position. According to Chamberlain (2018), environmental and economic sustainability are also included in Estée Lauder company to identify the firm's natural resources and the impact of the business on the community. However, social sustainability is the most component of the triple bottom line neglected by Estée Lauder because the organization does not concentrate on achieving corporate social responsibility; inste