LOCAL NETWORK

Local Network

Local Network

Introduction

The local network in a business provides a business with a leadership platform, along with the forum for all of its members. This enables the people from different businesses to develop joint problem solving strategies for their businesses, by sharing their expertise, knowledge, and experiences with each other. Along, with this the local network seeks to hold regular events for educating the people along with providing a list of networking opportunities for all the local signatories. Further, it will guarantee through its actions that it becomes an essential voice and part of the decision making process of the local government. In short the major role of the Global compact principles is to work for advancements regarding efficient development of the business inside the locality (The Global Compact & Your Business, 2009).

Discussion

The Global Compact Network of Australia was launched in Australia in the year 2009; it was launched in the Parliament House at the Australian capital of Canberra. The launch took place at a meeting held for the National Business Leaders Forums for discussing the sustainable development in the business and industries of Australia. The Global Compact Network was launched by Mr. Kell, who is the executive director of the Global Compact. The day since this Network is launched in Australia, there has been great progress reported in the effective development of business and industries of Australia, along with that this Network even guarantees a great progress for the future. Since the past few years The Local Network of Australia has seen almost a fifty percent growth in the signatories, which includes some of the leading and global corporations, along with a raft of small scale businesses. As a result of this Network, Australia now has become an active member of the Regional Network for the Asia Pacific, for the Global Compact. There is a great scope of this network in the future which includes the development of links with some of the other UN initiatives, which includes, the Goals regarding the Millennium Development, along with certain other regional initiatives (River. J, pp.230-235, 2002).

Benefits for an environmental friendly business

There are huge amount of benefits which could be gained from running a business that is environment friendly, an environmental friendly business helps you to reduce the negative impacts of business on the environment, along with that it helps in preserving the natural resources of the state. Along, with these advantages following are some of the major benefits for a business, which is environmental friendly (Mathers. T, pp.67-90, 2001).

Recycling reduces your costs

Reducing, recycling, avoiding, and reusing can be hugely helpful in lowering down the cost of your business. For example; a simple change regarding the use of paper by the people of your staff in a way that is environmental friendly can hugely reduce the amount of money you spend on buying papers every month, following are some of the techniques which could be adopted by the staff;

Avoiding the use of un-necessary materials

Reducing the need for more paper, by ...