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How sustainability benefits business performance

How sustainability benefits business performance

How sustainability benefits business performance
Using renewable energy can minimize vulnerability to fluctuations in the price of fossil fuels. (Shutterstock)
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Sustainability today is a core consideration in planning for organizational success. With tightening emissions targets and rising environmental awareness, there are tremendous pressures on businesses to become more sustainable.

This transition is not solely about compliance and social responsibility, however. It is about sustainability as a performance enabler — a driver of change that unlocks competitiveness and adaptability across the value chain.

Business sustainability can thus be described as a process of managing business activities in a way that maximizes efficiency without harming future generations.

Environmental sustainability, social responsibility, and corporate financial performance can all be included in the definition of the environmental, social, and governance concept, known in common parlance as ESG.

Sustainable value generation entails those actions that create and sustain growth, profitability, and enhanced value for shareholders in the long term.

There are clear economic benefits to be gained from greater sustainability. Embracing energy efficiency and reducing waste, for instance, cuts costs in production, while using renewables can minimize vulnerability to fluctuations in the price of fossil fuels.

Sustainable businesses are also able to attract cash from investors who prefer firms with strong ESG disclosures. Other analyses have revealed that a high ESG score reduces capital costs and enhances a firm’s performance.

The strategic management of environmental impact can bring both short and long-term benefits to organizations, including customer loyalty, reduced legal risks, and reputational capital.

Corporate social responsibility refers to the responsibilities that a business has to society and the impact of its operations on communities. To meet these responsibilities, firms are encouraged to respect labor practices and use ethical sources of labor.

Sustainability can give companies a competitive edge over their rivals, while at the same time being considerate to people and the planet.

Majed Al-Qatari

Cultivating a rapport and engaging with stakeholders, including employees, customers, suppliers, and communities, is an effective way of meeting those responsibilities.

Organizations with good social performance can attract talent, encourage return custom, and stave off the possibility of boycotts. Stakeholder engagement is a key factor in this, helping firms develop a robust business model that can easily cope with social shifts.

Potential barriers to sustainability include costs, resistance to change, and difficulties evaluating social and ecological impact. But with adequate planning, stakeholder input, and the use of technology in gathering and analyzing data, these can be overcome.

Meanwhile, industrial partnerships and government subsidies can assist with financial and operational challenges, while training and education programs can help shift organizational culture in favor of greater sustainability.

The circular economy, with its emphasis on recycling, and the growth of green finance will define the future business world, while artificial intelligence and the internet of things will allow organizations to monitor the effectiveness of their sustainability initiatives.

In sum, sustainability can give companies a competitive edge over their rivals, while at the same time being considerate to people and the planet.

Every firm that dreams of a prosperous future should invest in sustainable practices, thereby guarantee lasting benefits for itself and its stakeholders.

Majed Al-Qatari is a sustainability leader, ecological engineer and UN Youth Ambassador with experience in ESG and sustainability goals in business, nonprofits and financial institutions.

Disclaimer: Views expressed by writers in this section are their own and do not necessarily reflect Arab News' point of view

Israel closes Al-Aqsa Mosque, Church of the Holy Sepulchre under ‘emergency’ measures

Israel closes Al-Aqsa Mosque, Church of the Holy Sepulchre under ‘emergency’ measures
Updated 8 sec ago

Israel closes Al-Aqsa Mosque, Church of the Holy Sepulchre under ‘emergency’ measures

Israel closes Al-Aqsa Mosque, Church of the Holy Sepulchre under ‘emergency’ measures
  • Most shops in Jerusalem’s Old City have been closed, with only essential stores remaining open since Friday
  • Palestinians in Jerusalem fear for their safety due to lack of proper shelters amid Israel-Iran conflict

LONDON: Israeli authorities in occupied East Jerusalem have imposed a closure for the fifth consecutive day on the Al-Aqsa Mosque and the Church of the Holy Sepulchre while barring non-resident visitors from entering the Old City.

Israel announced a state of emergency after beginning airstrikes against Iran on Friday. Tehran retaliated by launching ballistic missiles at Israeli coastal towns and cities. Israel’s emergency measures prevented Palestinians and worshipers from entering the Al-Aqsa Mosque and its courtyards, as well as the Church of the Holy Sepulchre.

The Palestinian Authority’s Jerusalem Governorate added on Tuesday that most shops in the Old City had been closed, with only essential stores remaining open since Friday, Wafa news agency reported.

Israeli authorities have permitted settlers to visit the area surrounding the Al-Aqsa compound and perform Jewish prayers and rituals, while forces have intensified daily raids on Palestinian towns and suburbs in Jerusalem, including the Mount of Olives, Silwan, Issawiya, Shufaat, Hizma, Eizariya, Bir Nabala and Al-Ram, Wafa added. East Jerusalem is surrounded by 84 checkpoints and barriers, including recently installed earth mounds and gates.

Although Jerusalem has been spared so far from the Israel-Iran conflict, Palestinians in the city fear for their safety due to a lack of proper shelters within their towns and neighborhoods, Wafa reported.

Israeli authorities in Jerusalem have announced the opening of schools to be used as shelters from Iranian missile attacks. However, some Palestinian experts warned that the facilities may not be large enough to accommodate a significant number of residents, and some are even unsuitable for receiving civilians.


India evacuates students from Tehran as Israel hits civilian sites

Smoke billows from an explosion in southwest Tehran on June 16, 2025. (AFP)
Smoke billows from an explosion in southwest Tehran on June 16, 2025. (AFP)
Updated 8 min 45 sec ago

India evacuates students from Tehran as Israel hits civilian sites

Smoke billows from an explosion in southwest Tehran on June 16, 2025. (AFP)
  • About 6,000 Indian students are enrolled in Iranian universities
  • So far 110 studying in Urmia have left the country through Armenia

NEW DELHI: India’s Foreign Ministry said on Tuesday it was moving Indian students out of Tehran, as many sought safety after their universities were shut down amid ongoing Israeli airstrikes.

Israeli attacks on Iran started on Friday, when Tel Aviv hit more than a dozen sites — including key nuclear facilities, residences of military leaders, and of scientists — claiming they were aimed at preventing Iran from developing nuclear weapons.

Daily attacks have been ongoing for the past five days after Iran retaliated with ballistic missile strikes against Israel.

As the Israeli military intensified its bombing of civilian targets, hitting Iran’s state broadcaster on Monday, stranded foreigners — including 6,000 Indian students — have been struggling to leave.

“Most of the students here were living in apartments, including me and my friend. The first blast in Tehran happened in Sa’adat Abad district, where me and my friend were living,” Hafsa Yaseen, a medical student at Shahid Beheshti University, told Arab News.

“One of our university’s nuclear scientists was martyred in these blasts. Situation is really bad.”

According to the Iranian Ministry of Health and Medical Education, at least 224 people have been killed and 1,481 wounded in Israeli attacks since Friday. Most of the casualties have been reported in Tehran.

India’s Ministry of External Affairs confirmed in a statement that it was moving those studying at universities in the Iranian capital “out of the city for reasons of safety.”

Yaseen was among a group of a few hundred students moved on Monday to Qom, 140 km south of the capital city.

“Me and my friend were frightened, and we just thought it’s our turn now to die. We were literally calling our parents and telling them goodbye,” she said.

“We are not even safe here, because we are still in Iran (and) anything can happen ... We are in constant fear that we might die and our families are more stressed than us. I just want to request the government of India to evacuate us from here as soon as possible.”

A group of 110 Indian students from Urmia University of Medical Sciences in northwestern Iran has already been assisted by the Indian authorities to leave through the land border with Armenia.

“All the Indian students who had crossed the Iran-Armenia border have now safely reached the capital city, Yerevan. This includes around 90 students from Kashmir Valley, along with others from various Indian states,” said Nasir Khuehami, national convenor of the Jammu and Kashmir Students Union.

“Their flight from Armenia to Delhi is scheduled for tomorrow, with all necessary arrangements being facilitated in coordination with the Indian authorities. This comes as an immense relief to the families.”

The families of those remaining in Iran have been pleading with Indian authorities to also bring them home.

“Please save my daughters. My two daughters study (at) Shahid Beheshti University. They are in great panic — the situation in Tehran is so bad that students are in great panic,” one of the mothers, Mubeena Ali, told Arab News through tears.

“They have been shifted to Qom but they feel afraid ... They are greatly distressed. They want to be evacuated.”


Trump mulls extending travel ban to 36 more nations: source

Trump mulls extending travel ban to 36 more nations: source
Updated 12 min 8 sec ago

Trump mulls extending travel ban to 36 more nations: source

Trump mulls extending travel ban to 36 more nations: source
  • The Washington Post said it reviewed the internal memo and reported it was signed by Secretary of State Marco Rubio and sent to diplomats who work with the countries
  • The ban at first did not include Egypt, although the proposed follow-up list does

WASHINGTON: The United States is considering extending its travel ban to 36 more countries, a person who has seen the memo said Monday, marking a dramatic potential expansion of entry restrictions to nearly 1.5 billion people.

The State Department early this month announced it was barring entry to citizens of 12 nations including Afghanistan, Haiti and Iran and imposing a partial ban on travelers from seven other countries, reviving a divisive measure from President Donald Trump’s first term.

But expanding the travel ban to three dozen more nations, including US partners like Egypt along with other countries in Africa, Asia, the Caribbean and the Pacific, appears to escalate the president’s crackdown on immigration.

The Washington Post said it reviewed the internal memo and reported it was signed by Secretary of State Marco Rubio and sent to diplomats who work with the countries.

A person who has seen the document confirmed its accuracy to AFP.

It reportedly gives the governments of the listed nations 60 days to meet new requirements established by the State Department.

The countries include the most populous in Africa — Nigeria, Ethiopia, Egypt, Democratic Republic of Congo and Tanzania — as well as Cambodia, Kyrgyzstan, Saint Lucia, South Sudan, Syria and Vanuatu.

Should the ban expand to include all countries cited in the memo, nearly one in five people worldwide would live in a country targeted by US travel restrictions.

The 19 countries facing full or partial entry bans to the United States, combined with the 36 cited in the latest memo, account for 1.47 billion people, or roughly 18 percent of the global population.

The State Department declined to confirm the memo, saying it does not comment on internal deliberations.

But it said in a statement that “we are constantly reevaluating policies to ensure the safety of Americans and that foreign nationals follow our laws.”

When the initial ban was announced this month, Trump warned it could be expanded to other countries “as threats emerge around the world.”

The ban at first did not include Egypt, although the proposed follow-up list does.

Trump said the initial measure was spurred by a recent “terrorist attack” on Jews in Colorado.

US officials said that the attack’s suspect Mohamed Sabry Soliman, an Egyptian national according to court documents, was in the country illegally having overstayed a tourist visa, but that he had applied for asylum in September 2022.


Overnight Russian attack on Ukraine kills 15 and injures 156

Overnight Russian attack on Ukraine kills 15 and injures 156
Updated 24 min 36 sec ago

Overnight Russian attack on Ukraine kills 15 and injures 156

Overnight Russian attack on Ukraine kills 15 and injures 156
  • At least 14 people were killed as explosions echoed across the Ukrainian capital for almost nine hours
  • Russia fired more than 440 drones and 32 missiles, Ukrainian President Volodymyr Zelensky said

KYIV: An overnight Russian missile and drone bombardment of Ukraine killed 15 people and injured 156, local officials said Tuesday, with the main barrage demolishing a nine-story Kyiv apartment building in the deadliest attack on the capital this year.

At least 14 people were killed as explosions echoed across the Ukrainian capital for almost nine hours, Kyiv City Military Administration head Tymur Tkachenko said, destroying dozens of apartments.

Russia fired more than 440 drones and 32 missiles, Ukrainian President Volodymyr Zelensky said, calling the Kyiv attack “one of the most terrifying strikes” on the capital.

Ukraine’s Interior Ministry said 139 people were injured in Kyiv. Mayor Vitalii Klitschko announced that Wednesday would be an official day of mourning.

The attack came after two rounds of direct peace talks failed to make progress on ending the war, now in its fourth year.

Russia steps up aerial attacks

Russia has repeatedly hit civilian areas of Ukraine with missiles and drones. The attacks have killed more than 12,000 Ukrainian civilians, according to the United Nations. Russia says it strikes only military targets.

Russia has in recent months stepped up its aerial attacks. It launched almost 500 drones at Ukraine on June 10 in the biggest overnight drone bombardment of the war. Russia also pounded Kyiv on April 24, killing at least 12 people.

The intensified long-range strikes have coincided with a Russian summer offensive on eastern and northeastern sections of the roughly 1,000-kilometer (620-mile) front line, where Ukraine is short-handed and needs more military support from its Western partners.

Uncertainty about US policy on the war has fueled doubts about how much help Kyiv can count on. Zelensky had been set to meet with US President Donald Trump at a G7 summit in Canada on Tuesday to press him for more help. But Trump returned early to Washington on Monday night because of tensions in the Middle East.

Ukraine tries to keep the world’s attention

Zelensky is seeking to prevent Ukraine from being sidelined in international diplomacy. Trump said earlier this month it might be better to let Ukraine and Russia “fight for a while” before pulling them apart and pursuing peace, but European leaders have urged him to pressure Russian President Vladimir Putin into accepting a ceasefire.

Kremlin spokesman Dmitry Peskov said Tuesday it is unclear when another round of talks might take place.

Ukraine’s Foreign Minister Andrii Sybiha said Russia’s attacks during the G7 summit showed Putin’s “total disrespect” for the US and other countries.

“Russia not only rejects a ceasefire or a leaders’ meeting to find solutions and end the war. It cynically strikes Ukraine’s capital while pretending to seek diplomatic solutions,” Sybiha wrote on social media.

Ukrainian forces have hit back against Russia with their own domestically produced long-range
drones.

The Russian military said it downed 203 Ukrainian drones over 10 Russian regions between Monday evening and Tuesday morning.

Russian civil aviation agency Rosaviatsia reported briefly halting flights overnight in and out of all four Moscow airports, as well as those in the cities of Kaluga, Tambov and Nizhny Novgorod as a precaution.

Overnight Russian drone strikes also struck the southern Ukrainian port city of Odesa, killing one person and injuring 17 others, according to Oleh Kiper, head of the regional administration.

Putin “is doing this simply because he can afford to continue the war. He wants the war to go on. It is troubling when the powerful of this world turn a blind eye to it,” Zelensky said.

Russian attack demolishes apartment building

The Russian attack delivered “direct hits on residential buildings,” the Kyiv City Military Administration said in a statement. “Rockets — from the upper floors to the basement,” it said.

A US citizen died in the attack after suffering shrapnel wounds, Interior Minister Ihor Klymenko told reporters.

Thirty apartments were destroyed in a single residential block after it was struck by a ballistic missile, Klymenko said.

“We have 27 locations that were attacked by the enemy. We currently have over 2,000 people working there, rescuers, police, municipal services and doctors,” he told reporters at the scene of one attack.

Olena Lapyshniak, 49, was shaken from the strike that nearly leveled her apartment building. She heard a whistling sound and then two explosions that blew out her windows and doors.

“It’s horrible, it’s scary, in one moment there is no life,” she said. “There’s no military infrastructure here, nothing here, nothing. It’s horrible when people just die at night.”

People were wounded in the city’s Sviatoshynskyi and Solomianskyi districts. Fires broke out in two other city districts as a result of falling debris from drones shot down by Ukrainian air defenses, the mayor said.

Moscow escalated attacks after Ukraine’s Security Service agency staged an audacious operation targeting warplanes in air bases deep inside Russian territory on June 1.


Spain says April power outage caused by ‘overvoltage’

Spain says April power outage caused by ‘overvoltage’
Updated 31 min 6 sec ago

Spain says April power outage caused by ‘overvoltage’

Spain says April power outage caused by ‘overvoltage’
  • Ecological Transition Minister Sara Aagesen said the system “lacked sufficient voltage control capacity” that day
  • Authorities have been scrambling to find answers after the April 28 outage

MADRID: A major power outage that struck the Iberian Peninsula in April was caused by “overvoltage” on the grid that led to “a chain reaction,” according to a government report released Tuesday.

The blackout had “multiple” causes, Ecological Transition Minister Sara Aagesen told reporters following a cabinet meeting, adding the system “lacked sufficient voltage control capacity” that day.

Overvoltage is when there is too much electrical voltage in a network, overloading equipment. It can be caused by surges in networks due to oversupply or lightning strikes, or when protective equipment is insufficient or fails.

When faced with overvoltage on networks protective systems shut down parts of the grid, potentially leading to widespread power outages.

Authorities have been scrambling to find answers after the April 28 outage cut Internet and telephone connections, halted trains, shut businesses and plunged cities into darkness across Spain and Portugal as well as briefly affecting southwestern France.

Spanish Prime Minister Pedro Sanchez announced the formation of an inquiry commission led by the Ecological Transition Ministry shortly after the blackout, urging residents not to speculate until detailed results were available.

He had warned that the probe’s conclusions could take several months, given the complexity of the incident.

Aagesen singled out the role of the Spanish grid operator REE and certain energy companies she did not name which disconnected their plants “inappropriately... to protect their installations.”

She also pointed to “insufficient voltage control capacity” on the system that day, due in part to a programming flaw, stressing that Spain’s grid is theoretically robust enough to handle such situations.

Due to these misjudgments “we reached a point of no return with an uncontrollable chain reaction” that could only have been controlled if steps had been taken beforehand to absorb the overvoltage problems, she added.