A more suitable world is waiting to be come out with great events opportunities and hopes. Think of a place and its values in which there is not any idea that human societies must live and meet their needs without any worry of future preserve, trust me you can’t. If the resources are not saving for long terms it will harm you in future or your coming generations. Since sustainability is a long term goal i.e. more suitable for future. Sustainable agriculture and forestry sustainable production and consumption also come in sustainable transformation. Using recycled materials or renewable resources is an example of sustainable development. In recent years, the debate on sustainability, and particularly on sustainability transformation, has gain a lot of central importance of major incidents in achieving sustainable futures. This brings to the fore individual and cultural immaterial aspects, such as consumption and selling good? Through the article, we argue that how place shaping results in a better sustainable transformation and there is a broad understanding to understand the consequences. The article ends with the introduction of an analytical tool for the study of sense of place and place values as potential drivers of place-based transformation. The conclusion of the article concludes the need of place shaping and inner dimensions of it for sustainable transformation.
Sustainability risk magnitude I now double in recent years because of climate change which is a crisis of unprecedented magnitude that is a great threat. Organizations are under increasing pressure to respond. Many organizations are now updating their business models to discover new opportunities and avenues for growth for their future business.
Financial statements are being point toward sustainable practices in many organizations. The financial risk generates due to important shift motivation in business behavior which affects many financial flows as investors, lenders. A central role is played by investors in accelerating capital flows towards sustainable deposit cash which is an amount of inventory. In 2019, sustainable funds in the United States attracted more than US$4 billion per quarter. Prior to this, flows had never topped US$2 billion in any quarter. For investors, climate change is taking center stage. At the United Nations’ (UN’s) annual climate conference in 2019, more than 630 investors, collectively managing over US$37 trillion in assets, agrees on a statement that companies should take legal actions to address climate change including support of lower emission of carbon. Larry Fink, CEO of BlackRock, the world’s largest institutional investor with US$7.4 trillion in assets under management (AUM), has been a prominent advocate of this shift, stating in January 2020 that climate change has brought businesses to “an extent of emerging financial models more usable”.
Government have numerous tools to change business practices and regulations of inner dimensions of organizations are supporting this change and adoption, organizations which keeps eye on sustainable transformation will always keep adding new tools for new techniques and also very feasible. For example, in 2017, the French government enacted new regulations requiring that French multinational companies identify and prevent adverse sustainability impacts resulting from their own activities and the activities of their subcontractors or suppliers. Additionally, we have seen supranational organizations such as the World Bank Group urge governments to adopt COVID-19 stimulus packages that will promote sustainable growth.
Customer choices are shifting towards toward sustainable products and services. Continued changes in consumption and purchasing patterns are trending toward a greater overall dependence on sustainable products and services. This trend is especially noticeable among many fortune and government organization. Deloitte Global’s 2019 millennial survey found that 42 percent of millennials decided to purchase a company’s products or services because they assume it to have a positive impact on society or the environment. Shifts in consumer behavior are creating market opportunities. For instance, by 2028, the used-fashion market is set to skyrocket in value to US$64 billion in the United States, while fast fashion is expected to only reach US$44 billion. Similarly, meat alternatives—plant-based meat substitutes—are expected to become a US$140 billion global industry in the next decade.
This is a critical domain of knowledge for changing the world socially and environmentally. Many big projects had been launched and some are in queue and together we can embark new collaboration and ambition for a better world.