9. Flashcards
What is Sustainable?
To be able to maintain something at a specific level for a period of time.
What is Climate change?
Major changes in temperature, rainfall, snow or wind patterns lasting for decades or longer.
What is Corporate Social Responsibility (CSR)?
The continuing commitment by business to behave ethically and contribute to economic development while protecting the environment and improving the quality of life of the workforce and their families as well as that of the society.
What is Triple bottom line reporting?
A reporting technique that allows organisations to assess their performance against economic, environmental and social criteria.
What is Global Reporting Initiative (GRI)?
The Global Reporting Initiative is a multi-stakeholder, network-based organisation. It has developed a Sustainability Reporting Framework that is widely used throughout the world. The fourth version (G4) was released in 2013.
What is Brundtland Report?
A report published by the United Nations World Commission on Environment and Development (WCED) in 1987. Its targets were multilateralism and interdependence of nations in the search for a sustainable development path.
What is Social audit?
A process by which an organisation determines whether its operations are meeting the expectations of particular stakeholder groups, or satisfying the social performance criteria set by the organisation. The results of a social audit often form the basis for the contents of a social report.
What is Externality?
Defined as an impact that an entity has on parties external to the organisation where such external parties did not agree or take part in the action causing, or the decisions leading to, the cost or benefit.
What is Sustainable cost?
Can be defined as the amount an organisation must spend to put the biosphere at the end of the accounting period back into the state it was in (or its equivalent) at the beginning of the accounting period.
What is Greenhouse effect?
The phenomenon whereby the earth’s atmosphere traps solar radiation, caused by the presence in the atmosphere of gases such as carbon dioxide, water vapour and methane that allow incoming sunlight to pass through but absorb heat radiated back from the earth’s surface.
What is Personal social responsibility (PSR)?
The continuing individual commitment to behave ethically and contribute to responsible economic, environmental and social development
What is Corporate governance?
Refers to the structures and processes put in place so that an organisation heads in a direction that is consistent with its overall strategy.
