How do stakeholders influence sustainability practices in businesses?
Stakeholders influence sustainability by setting expectations, providing resources, and holding companies accountable.
Can you give examples of different types of stakeholders?
Sure! Stakeholders include investors, customers, employees, suppliers, and the community.
What role do customers play in promoting sustainability?
Customers can drive sustainability by demanding eco-friendly products and supporting companies with sustainable practices.
How can businesses effectively engage with their stakeholders on sustainability issues?
Businesses can engage stakeholders through regular communication, feedback mechanisms, and collaborative initiatives.
What are the challenges businesses face in balancing stakeholder interests?
Challenges include conflicting interests, resource limitations, and the need for transparency in decision-making.
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