Organization, its current issues, and future prospects
The company selected for this assessment is Boral, as the company faces challenges related to high energy consumption, carbon footprint, resource management, and energy intensiveness. This directly affects the operational process, and cost and has a significant environmental impact. This is due to its high energy consumption and cement production processes. However, the company has implemented strict strategies to reduce the risk associated with climate damage, especially related to lower carbon energy wastage. Still, it faces sustainability and efficiency issues (Boral, 2019). The company’s key goal is to reduce its carbon and gas emission rate by 18% to 12 to 14% by 2025. The company is committed to adopt strategies aligned with the Sustainability 20230 agenda and the Paris Agreement related to climate (Australian Ethical, 2023).
For future outlook and improvement, the company can invest and focus on adopting new technologies. Therefore, the company should invest more in research and development of clean technologies and adopt suitable technology to improve its energy efficiency and reduce emissions (Cantini, et al. 2021). Furthermore, Boral can implement carbon pricing mechanisms to invest in low-carbon technologies and emissions reduction projects to manage its current operational costs and adhere to regulatory compliance, which will enhance the sustainability practices of the company. The key strategies can be to use alternative products, raw materials, and fuels, and use energy improvement methods, and use new waste management solutions (Ige et al. 2024). Also, the company can focus on innovations to control its fuel consumption, which will help to increase its operational and cost efficiency.
