Chapter 3 Sustainability (Task 3)

Question 1

Sustainability

Answer 1

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

Question 2

sustainability development

Answer 2

long term future over short term gains

Question 3

Corporate Social responsibility

Answer 3

social and ethical effects of their actions

CSR is the obligations that that a company feels it has its own community, people and organisations connected to it as a whole

CSR is the extent which a company makes a positive, beneficial impact on the community and environment in which it operates, whether locally or on a global scale.

Question 4

Risks of not acting sustainably examples

Answer 4

using up scare resources which could cause prices

government intervention or legislation to protect the use of scarce resources

fewer products being available

damage to environment

Question 5

Triple bottom line / the bottom line

Answer 5

Financial - profit
Social - people
Environmental - planet

Question 6

benefits from a sustainable strategy

Answer 6

Reduce energy costs

Improve your brand reputation

increase customer and staff loyalty

Manage Risk

improve internal and external relationships

Question 7

Sustainability initiatives

Answer 7

Environmental - Recycle, Reuse and reduce
Economic, pricing policies, investment and reputation
Social - managing CSR