Chapter 1: CSR & Performance Issues

Question 1

Classical Finance components (2)

Answer 1

Risk + Profits

Question 2

Classical Finance Expected Return

Answer 2

Function of level of risk perceived or invested in

Question 3

1. New finance components
2. new finance Contributions

Answer 3

1. risk, profit, sustainability
2. Environment and social impacts

Question 4

New Finance: Management of Global Reporting =

Answer 4

Short-term financial vision + Long-term sustainable vision

Question 5

Challenges of ESG Reporting (x2 categories) plus examples

Answer 5

1. Internal Management Tool Ex. Fix CO2 emission, CEO incentives
2. External Communication Tool Ex. human capital indicators, qualitative reporting

Question 6

CSR Approach Impact on Managerial Strategy (4)

Answer 6

1. Anticipation of operational risk
2. Development of activity and products
3. Improve labour conditions
4. Cost optimization

Question 7

CSR is a ____ for ___ of company’s activity

Answer 7

vector for sustainability

Question 8

Rank from lowest to highest (ESG, SD, CSR)

Answer 8

SD > CSR > ESG

Question 9

SD
1. Acronym
2. What level and organization
3. What did they create

Answer 9

1. Sustainable Development
2. Macro-economic level (public policies), United Nations
3. 17 Sustainable Development Goals (SDGs)

Question 10

What are Sustainable Development Goals (SDGs) (2)

Answer 10

• Frame CSR strategies with objectives
• Incentives to include environmental and social aspects in corporate strategy

Question 11

CSR
1. Acronym
2. What level
3. What did they create

Answer 11

1. Corporate Social Responsibility
2. micro-economic level, implementation of SD at company level
3. Companies to report their ESG

Question 12

ESG
1. Acronym
2. What is it

Answer 12

1. Environment Social, Governance
2. response given to investors on CSR issues

Question 13

Forward Thinking

Answer 13

meet need of present without compromising ability of future generations.

Question 14

CSR Initial Vision for companies

Answer 14

Integrate environmental and social issues into their policies, decisions. Go beyond strictly economic and regulatory obligations

Question 15

4 Core Principles of Global Compact

Answer 15

Human Rights
Work Related
Environment
Anticorruption

Question 16

How to Reconcile Business and Ecology (6)

Answer 16

1. Values of team and stakeholders
2. “raison d’être”
3. Management objectives
4. CSR Plans in business model
5. 26000 standard as benchmark
6. Priority management

Question 17

CSR: Organization Type A and C

Answer 17

C: Commitment
A: Accountability

Question 18

CSR American Concept

Answer 18

Philanthropic action, religious inspiration than social pressure

Question 19

CSR European Concept

Answer 19

Institutional approach, company must contribute to SD for effects they have on society

Question 20

CSR 4 Responsibilities Scope + Description

Answer 20

1. Economic: Produce g/s for society and at profit
2. Legal / Regulatory requirements
3. Ethical: Behaviour met not codified
4. Discretionary: Voluntary roles

Question 21

CSR Current Issues 4

Answer 21

• Growing demand for compliance
• Factoring social and environment in business model
• Customer-supplier chain as choose and influence on suppliers
• International spread

Question 22

CS3D
1. Acronym
2. What is it

Answer 22

1. Corporate Sustainability Due Diligence Directive
2. Companies required to identify, prevent, and mitigate impacts within their value chain

Question 23

Business Models with CSR (4)

Answer 23

o Circular Economy
o Collaborative Economy
o Extended Governance
o Unpackaged Product

Question 24

2 Innovative Business Models with CSR

Answer 24

1. Sustainable Innovations
2. Eco-design

Question 25

Linear Economy

Answer 25

Extract -> Manufacture -> Consume -> Disposal

Question 26

Circular Economy

Answer 26

Extract -> Manufacture -> Consume -> Reuse

Question 27

Benefits of Implementing Voluntary CSR (5)

Answer 27

1. Anticipate regulatory change
2. Improve reputation and brand
3. New labels and contracts
4. Easier bank financing
5. Attract employment

Question 28

TBL
1. Acronym
2. What two areas are included in reporting

Answer 28

1. Profit, People, Planet.
2. Social and Environmental performance added to Net Income

Question 29

GRI
1. Acronym
2. What did it adopt
3. What is it
4. What does it provide

Answer 29

1. Global Reporting Initiative
2. Adopted TBL
3. Private organization in charge of standardizing socio-environmental reporting
4. Reference framework for non-financial reporting

Question 30

Role of Manager in Integrating CSR (2)

Answer 30

• Innovation and managing duality of ecological and social transition
• Company’s long-term future with CSR

Question 31

7 Dimensions to Integrate CSR – Voluntary ISO 26000

Answer 31

1. Governance
2. Human Rights
3. Working Conditions
4. Environmental
5. Operational Practices
6. Consumer issues and protection
7. Communities / local development