3 Sustainability Flashcards
Define Sustainability
An approach to business that balances the environmental, social, economic and administrative aspects of project-based working to meet the current needs of stakeholders without compromising or overburdening future generations.
When should sustainability be considered in the project lifecycle?
From the outset.
What three of the four sustainability areas of concern make up the triple bottom line (TBL)?
Environment, Economic and Social
What comprises the environmental impact?
Climate change; biodiversity; and, energy efficiency
What comprises the social impact?
Human rights; equality; the wider impact on communities i.e., its needs or expectations
What comprises the economic impact?
Affordability; risk management; the need to generate profit
What comprises the administrative impact?
Legislation and regulation; health and safety; and resource efficiency
What is the Triple Bottom Line (TBL)?
It is how organisations operate and frame their corporate objectives and direction.
State two ways in which environmental risks can be mitigated?
Reducing the need for paper-based storage and curtailing unnecessary travel through virtual meetings.
What is Total Cost Ownership (TCO)?
It looks at not just the cost of creating new products but also the cost of operating and maintaining them during operational use.
Name four frameworks or organisations that can be used in this manner.
ISO 14001, Leadership in Energy and Environmental Design (LEED), B Corp and Sustainability Accounting Standards Board (SASB)
Following the implementation of sustainability practices, what are the MMR procedures?
Monitoring, measuring and reporting
How can practices be monitored?
Key Performance Indicators (KPIs); Environmental, social and governance (ESG) data; Operational carbon usage data; and embodied carbon measures.
