1 5 Managing for sustainability Flashcards
Green
Environmentally friendly business practices, such as conservation of water and energy, are commonly referred to as green business practices.
Also a political ideology which doesn’t care about profitability
Sustainability
Refers to the ability of a company or organization to meet the needs of the present without exhausting natural resources or damaging the environment, thus compromising the ability of future generations to meet their needs
greenhouse gases
Carbon dioxide, methane, nitrous oxide
renewable resources
natural resources that ate placed by natural processes at a rate comparable to or faster than their rate of consumption.
perpetual resources
solar radiation, tides, winds
greenhouse gases
can be measured by units of carbon dioxide and is referred as carbon footprint
Whyanage with the environment in mind?
Legal compliance, Cost effectiveness, competitive advantage, public opinion,long term thinking ( exonomic arguments, the tragedy of the commons, international perspectives)
carrying capacity
The ability of a finite resource to sustain a population
tragedy of the commons
The environmental destruction that results as individuals and businesses consume finite resources “the commons” to serve their short term interests without regard for the long term consecuences.
environmental movement
An environmental philosophy postulating that the unintended negative effect of human activities on the environment are often greater than the benefits, and that nature should be preserved.
green
A cutting edge company with respect to environmental concerns legal compliance is not enough
systems thinking
Systems thinking environmental considerations that relate to an organization’s inputs, processes and outputs.
What can managers do?
Systems thinking, strategic integration, Implementation ( strategy, public affairs, legal area, operations, marketing area, accounting, finance,)
Opportunities for making your business sustainable
Air quality, building construction and renovations, energy, paper, purchasing, transportation + accomodations, waste management,water quality, water use
us environmental laws
clean water act, clean air act, cercla (superfund: comprehensive environmental response, compensation, and liability act), community response and right to know act, federal hazardous substances act, hazardous materials transportation act, resource conservation and recovery act, surface mining control and teclamation act, toxic substances control act
Iso 14000
framework for a strategic approach to an org environmental policies, plans and actions. Org develops a environmental management system
Sustainability strategic integration
1 develop a mission and values
2 Gain support from top management
3 Involve employees at all levels
4 Establish a framework for managing env initiatives
5 Engage in green process and product design
6 Establish env focused stakeholder relationships
7 Provide internal and external education
Implementing sustainability
Strategy
1 Cut back on env unsafe business
2 carry out R&D on env safe activities
3 Develop and expand env cleanup services
4 Compensate for env risky projects
5 Make company accountable to others
6 Make every new product env better than last time
7 Invest in green business
Implementing sustainability
public affairs
1 Gain env legitimacy and credibility
2 Avoid losses by insensitivity to env issues
3 Collaborate with environmentalists
Implementing sustainability
Legal area
1 Avoid confrontation with gov pollution control agencies
2 Comply early
3 Take advantage of innovative compliance programs
4 Don’t deal with fly by night subcontractor for waste disposals
Implementing sustainability
Operations
1 promote new manufacturing technologies 2 Practice reverse logistics 3 Use tech advances that reduce pollution from products and manuf processes 4 new product formulations 5 eliminate manuf waste 6 find alternative uses for waste 7 suppliers with strong env perf 8 Env friendly assembly
Implementing sustainability
Marketing
1 cast prod in env friendly light
2 aoid attacks by environmentalists fir unsubstantiated or innapropiate claims
3 diff products by env services
4 take advantage of net. ex the ecomall
Implementing sustainability
accounting
1 collect useful data
2 make polluters pay
3 demonstrate env programs pay off
use advance waste accounting system
5 adopt full cost accounting , shows full env cost
6 show overall impact of pollution reduction program
Implementing sustainability
finance
1 gain respect from responsible investment community
2 recognize true liability
3 Fund and then assist green companies
4 Recognize finanxial opportunities
