Individual Course Assignment It is increasingly well-established in Essay

Individual Course Assignment It is increasingly well-established in the literature that mostbusiness reporting on sustainabi - Essay Example This is because if an organization fails to retain its sustainability then it may not prosper or enhance its dominancy in this competitive market among other rival players. Keeping this fact in mind, most of the organizations desire to retain its experienced and talented human resources. As they act as the prime resource of an organization (3M) thereby assisting it in the development of varied types of inventive eco-friendly products and services so as to satisfy the changing needs and requirements of the customers. By doing so, the brand image and profitability of the organization might get enhanced thereby amplifying the competitiveness and reliability in the market among others and such a strategy might also act positively thereby amplifying the chances of success and prosperity in the long run among other rivals. Thus, it might be clearly stated that sustainability is the prime criterion of an organization and it might get fulfilled by presenting environmental friendly products a nd services thereby satisfying the needs and requirements of the customers. This report is divided into five phases. ... It also specifies the importance of assurance and its standards along with conclusion and recommendations. What is sustainability? Sustainability is described as the socio-ecological procedure that helps in fulfilment of changing needs and desires of the customers. It is done by presenting eco-friendly products at a competitive price thereby retaining the eminence of the environment. It is done only to retain the quantity of the non-renewable resources of the environment so that it might be used for the future purposes as well. Along with this, development of eco-friendly products also helps in reducing the level of pollution thereby maintaining the uniqueness of the environment. Hence, it might be depicted that sustainability helps in enhancing the economic, environmental and social impacts by developing various inventive products or services to amplify customer base. Description of 3M 3M is one of the most renowned and branded American multinational conglomerate, established in the year 1902. 3M is regarded as Minnesota Mining and Manufacturing Company, headquartered in the regions of St. Paul, Minnesota, U.S. After starting its operations in the continent of United States, very soon it expanded to the entire globe. So, it enhanced its total assets and revenues by $ 31.6 billion and $ 29.6 billion by the end of the year 2012. Along with this, the operating income also increased by $ 6.1 billion thereby amplifying its reputation and brand image in the market among other rival players. It is mainly due to the development of adhesives, laminates, passive fire protection, dental products, abrasives, electronic materials, medical products, car-care products, and wax and car shampoo. Other than this, it also presents products for the