Business Environmental Responsibilty

Question 1

What is an environmentally responsible business?

Answer 1

Reduces environmental harm

Question 2

What principle encourages waste reduction in firms?

Answer 2

Polluter Pays Principle

Question 3

What is the role of businesses in addressing climate change?

Answer 3

Use fossil fuels efficiently and transition to renewable energy sources to reduce environmental impact

Question 4

What is an example of a business reducing waste?

Answer 4

H&M offers vouchers for customers who bring in old clothes to be repurposed into new products or sold as second-hand goods

Question 5

What is sustainable development?

Answer 5

Meeting present needs without compromising the ability of future generations to meet their own needs

Question 6

What is a characteristic of an environmentally responsible business?

Answer 6

Sensitive to the environment, actively reduces, reuses, and recycles waste

Question 7

How can businesses reduce pollution?

Answer 7

Minimise air and water emissions, use machinery that reduces harmful outputs, source raw materials locally

Question 8

Why is transparency important for environmentally responsible businesses?

Answer 8

Being honest about environmental matters builds trust and accountability, especially when rectifying environmental damage

Question 9

How does the ‘polluter pays’ principle work?

Answer 9

It incentivises businesses to reduce waste by imposing higher disposal costs on those generating more waste

Question 10

How can businesses innovate for environmental protection?

Answer 10

By seeking advice on environmental matters and implementing new ideas, such as replacing plastic packaging with sustainable alternatives