Business Sustainability Strategies in the Facing of Regulatory Uncertainty and Managerial Challenges

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Published: 2021-07-20
Keywords:
Business sustainability, Environmental regulations, Managerial strategy, Sustainability awareness, Sustainability reporting, Transparency, Accountability

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Rahayu Mardikaningsih
Mayjen Sungkono University of Mojokerto, Indonesia
Didit Darmawan
Mayjen Sungkono University of Mojokerto, Indonesia

Abstract

Business sustainability is becoming a crucial aspect in the modern business world, given the increasing pressure from various stakeholders to implement more socially and environmentally responsible practices. This study analyzes the impact of environmental regulatory uncertainty on corporate sustainability strategies, lack of understanding and awareness among management and employees, and challenges in measuring and reporting sustainability performance. The research method used is a literature study to synthesize various academic and industry sources to gain a comprehensive understanding. The results show that regulatory uncertainty creates challenges for companies to design long-term strategies, increases compliance costs, and can hinder sustainability innovation. A lack of understanding and awareness among management and employees hinders the implementation of sustainability initiatives due to a lack of training and effective communication. Difficulties in measuring and reporting sustainability performance are caused by the lack of universal standards, data complexity, and limited company resources to conduct transparent and accountable reporting. The conclusion of this study emphasizes that companies need to adopt flexible strategies, strengthen sustainability education for employees, and develop more transparent measurement and reporting systems. Companies can improve their competitiveness while meeting stakeholder demands for sustainable business practices.

Article Details

Issue

Vol. 1 No. 2 (2021): Journal of Social Science Studies (JOS3)

Section

Articles

How to Cite

Mardikaningsih, R., & Darmawan, D. (2021). Business Sustainability Strategies in the Facing of Regulatory Uncertainty and Managerial Challenges. Journal of Social Science Studies, 1(2), 111-118. https://jos3journals.id/index.php/jos3/article/view/65

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