CESR Flashcards
Triple Bottom Line
planet, people, profits
or
economic, environmental, ethical
sustainability
BD- operating business in a manner that minimizes pollution and resource depletion, ensuring that future generations will have vital resources
Environment. Why?
Population is increasing very quickly and affluent culture. Results in competition for limited resources. it is also a stakeholder
Tragedy of the commons
individuals acting in self interested way contrary to the best interests of the while by depleting some common resource. Ex) sheep and grazing. farmers over graze one area
Sustainability opportunities for business?
cost savings, for future, new g+s, enhance reputation
Sustainability reporting. Why do it?
Social contracts w/ stakeholder. Regulatory mandate. - implicit or explicit Risk reduction- Track internal performance Public Relations Investor/ creditor relations
Sustainability rating systems
B-impact assess.
Global reporting initiative
Benefit Corpoation
A type of for profit corporation, authorized by 30 US states and DC that included + impact on society and env. in addition to profits as its legally defined goals
B-corp VS C-corp
Purpose, accountability, transparency, not in taxation though
B-lab
a nonprof. organization that serves a global movement of people using business as a force for good. Best for the world instead of best in the world
Why become a B-corp?
differentiate, generate press, maintain mission, access discounts, improve and benchmark performance, attract and engage talent, collaborate with peers
path to becoming a b-corp
- meet performance requirement- b impact assessment, 80 or more score
- Meet legal requirement- determine the path for corp structure and state of incorporation
- Make it official- sign the declaration of interdependence
B Impact assessment categories
Workers Governance Community Environment Customers Business Model
