SL

No.

Critical Success Factors (CSFs)

Description

Reference

01

Sustainable Procurement Policy

A sustainable procurement policy exists to direct businesses toward the accomplishment of their financial, social, and environmental objectives.

[20]

02

Well Defined Metrics for Sustainability Tracking

It helps to track the amount of usage they are reducing. Basically, this is an example of economic output. An energy company uses and how measures a company uses to produce metric energy sustainability to a certain level.

[20]

03

Tax Reliefs of Certified Companies/Financial Benefits

“Tax relief” means any action taken by the government to lessen tax burdens. Credits, limitations, and deductions and thresholds for tax-free allowances are all examples. The goal of any tax break is to ease the financial burden, whether that be for businesses or individuals.

[21]

04

Business Ethics

Corporate ethics refers to standards of morally acceptable and immoral behavior in the business world. Law defines action in part, even though “legal” and “ethical” do not necessarily mean the same thing. Business ethics make the law stronger by providing guidelines for proper conduct outside the jurisdiction of the state.

[22]

05

Training and Capacity Building

Capacity development is the method of enhancing the knowledge, intuition, aptitude, procedures, and assets that communities and organizations require in order to endure, adjust, and prosper in a world that is changing quickly.

[23]

06

Enhancement of the

Company Image

It is the most important asset for a company. It not only influences the attitude of customers but also the attitude of employees, media, analysts, etc. It helps move a company forward.

[24]

07

Collaboration with

Multi-tier Suppliers

Increasingly, multi-tier supply chains are being used as a major strategic tool to save expenses, free up cash, and launch goods faster than the competitors.

[25]

08

Good Return on

Investment

One popular way to evaluate a project’s financial success is by calculating its ROI, or return on investment.

[26]

09

Contribution To Profit and Resource

This metric shows the product’s value in terms of the company’s bottom line. It is the demonstrator’s possibility of making a profit off of a product or service, as well as how much of a contribution revenue makes toward covering fixed expenses.

[20]

10

Business to Business Pressure

The effect of major changes that take place in a corporate environment is known as business pressure. Separated into three types of business pressures: technological pressure, market pressure, and social/political/legal pressure.

[27]

11

Safe and Quality Food

Hazard Analysis and Critical Control Point (HACCP) guidelines serve as the foundation for Safe and Quality Food (QF) standards. These recommendations concentrate on identifying and mitigating risks related to food safety. Furthermore, SQF integrates the guidelines found in international standards, ISO 9001 standards, and quality management system (QMS) criteria.

[28]

12

Lack of Information and Transparency

In order to keep or recover the public confidence, most crisis communication specialists think that honesty is paramount. A company’s or brand’s reputation may take a serious turn if its practices are not open to public scrutiny.

[29]

13

Eliminate the Duplication

Data linked with two or more similar items are merged in a process known as duplicate elimination. Items’ data content must match precisely for them to be considered similar.

[30]

14

Resource Savings

Interpretations have been made regarding the system of resource-saving control’s complexity and rationality for creating an effective organizational economic resource-saving mechanism.

[20]

15

Quality Variation

Any error committed throughout the whole process, from the receipt of raw materials to the packed end product, might result in a change in quality. The more material used and the more intricate the procedure, the higher the chance of mistake.

(Expert Opinion)