Abstract
The concept of corporate sustainability is escalating in Saudi Arabia. Many smaller corporations in the country are participating in sustainability issues to enhance their viability. The firms seek to apply internationally recognized sustainability principles in their initiatives. Most sustainability programs are focusing on improvement of the environment and communities livelihoods. Saudi corporate companies have developed approaches for assessing the impacts of their operations on environment and society. Indicatively, many firms also implement social sustainability projects to assist communities. Therefore, this research proposal hypothesizes that the regulations are applicable in corporate sustainability in Saudi Arabia. This paper proposes diverse research methods that are applicable in the study. It proposes a review of available literature on corporate sustainability in Saudi Arabia. It also proposes to use qualitative investigation approaches in the study. Simple sampling approaches are also proposed especially in identifying top corporations, suitable government officials, and sector key players in Saudi.
Introduction
Corporate Sustainability is an essential approach in the corporate sector. The private sectors have obligations to offer assistance to people in places where they operate. Furthermore, corporations have responsibilities to provide sustainability services. They have obligations to give back to the environment in order to ensure maintenance of its integrity. Notably, the private sector sustainability approaches seeks to apply global best practices. Most corporate sustainability activities focus on climate change mitigation. Furthermore, many corporate attempt to adhere to diverse environmental footprints in their activities. The private sector also implements different social responsibility programs to assist their consumers.
Literature Review
Understanding corporate sustainability hypothesis is not the essential concern in Saudi Arabia. Rather, it is about transforming theory into applications. The private sector comprehend that the potential for corporate sustainability to create industry brand and societal values is independent of company size (NCB 8). Smaller Saudi Arabian corporations are keen on corporate sustainability as a way of escalating their competitiveness. Furthermore, many corporations engaged in corporate sustainability sees their engagements as an indispensable part of conducting business (Boone, Doorneweert & Schans 4).
Most Saudi companies implement private sector sustainability programs that conform to the inclusive best practices. Indicatively, their operations are hinged on desirable corporate governance and risk management sustainability fundamentals (Fatani). The corporations green activities are driven by the desire for environmental conservation, costs minimization, generation of eco-friendly products, and compliance with emerging government guidelines. Several technology firms in Saudi Arabia are enforcing environmental standpoints in their applications. Furthermore, firms such as Al-Jomaih Automotive Company use “Oracle E-Business Suite Development” (Fatani).
The regulation of sustainability efforts is also necessary for standardizing reporting. Evidently, companies implement different environmental management initiatives in the water strained country. Some corporations have developed frameworks for assessing their environmental footprints (NCB 17). Social sustainability activities in Saudi Arabia are being implemented by firms that give communities opportunities for responsible investment. A standardized sustainability reporting is vital for sharing information.
Hypothesis
The application of regulations is crucial in controlling private sector sustainability programs in Saudi Arabia. Already, there is a willingness in the sector to integrate sustainability in their planning. This is evident in the support and work they accomplish through partnerships (Fatani). The corporations support sustainability projects such as tree planting, clean technology, and green business. The drive corporations are putting in sustainable business practices is already notable.
The corporations are also applying social responsibility programs to assist their consumers. However, the essential corporate sustainability initiatives should adhere to human rights and ethical standards (Millar, Hind & Slawek 499). This is crucial in controlling private sector social and sustainability programs to promote human dignity protection. The application of corporate sustainability principles shall help control private sector programs. Therefore, this research proposal hypothesizes that the law is applicable in corporate sustainability in Saudi Arabia.
Research Methodology
The investigator seeks to use diverse research approaches to undertake the study. The researcher shall review available literature to obtain preliminary information on the law and application of corporate sustainability in Saudi Arabia. Qualitative investigation methods shall also be applied in the study (Sage Publications 44). The researcher seeks to employ simple sampling approaches in identifying top corporations. A similar approach shall also be applicable in identifying suitable government officials and private sector players as key informers. They shall provide information about their opinion on issues associated with law and application of corporate sustainability. They shall use self administered questionnaire given to them. The investigator shall carryout focus group discussions with the identified key informers (Sage Publications 50). In addition, the investigator shall conduct focus group discussions with the identified policy makers and government officials.
The investigator shall also undertake interviews with corporate sustainability and social responsibility consultancy firms. Additional interviews shall target technocrats in the government and corporate sustainability managers. Methodological and statistical approaches including SPSS shall be applicable in analyzing data. The study findings shall be presented using description, statistical approaches, and graphs.
Conclusion
Corporate sustainability initiatives in Saudi Arabia are escalating. The interest by the private sector in giving back to the environment and assisting communities is already notable. The corporations implement sustainability programs on their own or through partnerships. However, unregulated sustainability generates concerns about the activities. This research proposal argues that laws are required in the application of corporate sustainability.
Works Cited
Boone, Koen. Doorneweert, Bart & Schans, Jan. Creating sustainable value in the Kingdom of Saudi Arabia Improving Corporate Social Responsibility effectiveness in food chains. 2009. Web.
Fatani, Rafid. Global Information Society Watch Saudi Arabia ICTs and Environmental Sustainability. 2010. Web.
Millar, Carla. Hind, Patricia & Slawek, Magala. Sustainability and the need for change: organizational change and transformational vision“, Journal of Organizational Change Management. 2011, Vol. 25 Iss: 4 pp. 489 – 500.
NCB. The National Commercial Bank Sustainability Report. 2010. Web.
Sage Publications. SAGE Brief Guide to Corporate Social Responsibility. California, CA: SAGE Publications. 2011. Print.