Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

CSR > CSR > Flashcards

CSR Flashcards

1
Q

What is unlimited abundance ?

A

The misconception, that fish populations are inexhaustible

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

What is the concept of overshoot and collapse ?

A

When human consumption surpasses the carrying capacity of the environment.
Humans consume more than resources, than earth can replenish

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

What is the maximum sustainable yield ?

A

Largest amount of fish to be harvested, without depleting the population

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

What is the tragedy of the commons?

A

A situation, where every individual has an incentive to consume a resource, but at the expense of every other individuals, with no way to exclude anyone from consuming

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

What can be done to escape the tragedy of the commons ?

A

Centrally enforced solutions
Privatisation
Governing of the commons

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

What are centrally enforced solutions

A

Authorities regulating the use of the recourse through:
-pricing externalities
-setting limits on quantities

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

What are problems of centrally enforced solutions ?

A

Requires:
-knowing payoff function
-non corrupt authorities
-intelligent political decision making

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

What is privatisation in the context of tragedy of the commons ?

A

Transfer of ownership, of shared recourse to private entities, giving exclusive rights.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

What are problems with privatisation ?

A

-Might postpone but not fully solve the problem (owners can still exploit)
- some commons can’t be privatised (flowing water/atmosphere)
-holdout problem ( individuals refuse to sell their share of recourse= holdout)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

What is governing of the commons in the context of tragedy of the commons?

A

Creation of an institution, managing the shared recourse.
Creates clear boundaries
Reliable monitoring
Balance of cost an benefits

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

What is the problem with governing of the commons ?

A

It’s difficult to implement for commons transcending national boundaries

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

What is the effect of the tragedy of the commons ?

A

All major global problems are traced back to it
Welfare of world population, at expense of environment
Benefits only to selected companies-burden to everyone

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

What is a public policy ?

A

A plan undertaken by the governments officials to achieve some broad purpose

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

What are public policy inputs

A

External pressures:
-economic and foreign concerns
-voter pressure
-Lobbyist
-interest groups

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

What are public policy goals ?

A

Can be broad or narrow
Can be high minded or self serving

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

What are public policy tools ?

A

-incentives
-penalties

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

What are public policy effects ?

A

Outcomes
Indented or unintended

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

What are the three divisions in need of government interference

A

Market failure (no incentives to spend)
Negative externalities (greenhouse gases
Natural monopoly (no new competitors)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

What environmental regulations are there ?

A

-Environmental standards
-market based mechanism
-civil and criminal enforcement
-information disclosure

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

What are environmental standards ?

A

Setting standard, prescribing allowed levels of pollution, with compliance controlled by the government

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

What are market based mechanism ?

A

-taxes
-tradable permits
-subsidies

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
22
Q

What is information disclosure ?

A

-mandating disclosure of emissions and waste
-regulation by embarrassment

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
23
Q

What is civil and criminal enforcement ?

A

Nom compliance connected to financial penalties
Even criminal liability

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
24
Q

What is the NFRD

A

Non financial reporting directive

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
25
Q

To which firms does the NFRD apply ?

A

large companies with more than 500 employees

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
26
Q

What do Firms need to report according to the NFRD ?

A

Environmental protection
Social responsibility & treatment of employees
Human rights
Anti Corruption and bribery
Diversity

27
Q

Is there third party assurance in the NFRD ?

A

Not mandatory in most countries

28
Q

How do files need to report according to NFRD?

A

As part of the annual report
Online or pdf

29
Q

What is the CSRD

A

Corporate social reporting directive

30
Q

To what companies does the CSRD apply ?

A

Companies meeting 2/3 criteria:
-250 employees or more
-40m turnover
-20 mio total assets

31
Q

What do companies need to report according to CSRD ?

A

Double materiality (impact on/of firm)
Stakeholder topic selection process
Reporting in line with sustainable finance disclosure
Regulation (SFDR) and EU taxonomy regulation

32
Q

Is there third party assurance in the CSRD ?

A

Mandatory:
Auditors report
Involvement of key audit partner
Scope to include EU taxonomy

33
Q

What are the main differences between the NFRD and the CSRD?

A
  1. applies to wider range of companies
  2. more detailed reporting/standards
  3. required assurance for reports
  4. stronger enforcement though fines
34
Q

Which firms are affected by the German supply chain due diligence act ?

A

Companies with more than 3000 employees (2023) and 1000 (2024)

35
Q

What do Firma need to comply with according to the German supply chain due diligence act ?

A

Human rights preservation
Minamata convention on mercury
Stockholm Convention on persistent organic pollutants
Extension to Tier n if necessary

36
Q

What are consequences of non compliance of the German due Diligence act?

A

Fines
Exclusion from public tenders

37
Q

To what firms does the EU supply chain due diligence act apply ?

A

LLC with over 500 employees
LLC operating in high impact sectors (250 FTE)

38
Q

What do Firma need to comply to according to the EU supply chain due diligence act ?

A

Human rights preservation
Pollution prevention
Paris agreement
Across entire supply chain

39
Q

What are consequences of non compliance with the EU supply chain due diligence act ?

A

Fines
criminal liability
Exclusion from public tenders

40
Q

What are the main differences between the German and the EU supply chain due diligence act ?

A

More companies (250FTE)
More obligations (across hole supply)
Higher sanctions and criminal liability
Stricter reporting (also a plan)

41
Q

What are advantages of environmental standards ?

A

Enforceable in courts
Compliance mandatory

42
Q

What are disadvantages of. environmental standards ?

A

Large regulatory apparatus required
Old plants may have to close
Can Restes innovation
Fines may be cheaper than compliance
Does not improve above compliance

43
Q

What are advantages of market based mechanism?

A

Gives flexibility to buisenesses
Achieves goals at lower costs
Encourage continued improvement
Saves jobs by allowing old plants to stay open

44
Q

What are disadvantages of market based mechanisms ?

A

Gives license to pollute
Enforcement is difficult
Permit levels are hard to set
Regional imbalances

45
Q

What are advantages of government incentives ?

A

Reward responsibility
Encourages to exceed minimum

46
Q

What are disadvantages if government incentives ?

A

Incentives may not be strong enough

47
Q

What are advantages of information disclosure?

A

Little cost for government
Companies able to reduce cost efficiently
May deter from wrongdoings

48
Q

What are disadvantages of information disclosure ?

A

Does not motivate all companies

49
Q

What does CSR evolve around ?

A

Economic Ecological Social factors

50
Q

What’s is CSR

A

A management concept, in which companies integrate social and environmental concerns in their buisenss operation

51
Q

What are the 4 steps of the CSR Pyramid ?

A

Be a good corporate citizen
Be ethical
Obey the law
Be profitable

52
Q

What is social washing ?

A

Appearing as more socially responsible than they actually are

53
Q

What are the four steps to measure and manage impact

A

Set strategy
Integrate
Optimise
Reinforce

54
Q

What are the five dimensions of impact ?

A

1.what are the outcomes of investment
2.who experiences the outcome
3. How much of what outcome is actually occurring
4.contribution in enterprise/investor level
5.risk: how could the outcome turn worse than expected

55
Q

Name 3 risk types

A

External risk, (external disruption)
Efficiency risk (needed?)
Execution risk (not delivered as planned)

56
Q

What are the five steps to set a SDG strategy ?

A

1.define purpose
2.identify SDG outcome
3. Prioritise SDG outcomes
4.Set ABC goals
5.define impact thesis

57
Q

What are ABC goals ?

A

A-ct to avoid harm
B-enefit the stakeholder
C-ontribute to solutions

58
Q

What are the three steps to effectively integrate SDG strategies ?

A

1.develop mindset
2.decide what to measure
3. Get process in place

59
Q

What are the three questions to optimise SDG integration ?

A

What happened
Why did it happen
What next

60
Q

What are the three steps to reinforce SDG strategies

A

Deepen commitment
Disclose externally
Seek verification

61
Q

What is the shareholder perspective of buiseness ?

A

Company has no social responsibility to the public or society only to shareholders

62
Q

What is the stakeholder perspective

A

Answer to growing criticism of shareholder perspective
Company has broader responsibility to all stakeholders

63
Q

What is the state of SDGs today ?

A

Countries where freedom of speech is denied rise
11% of all children are engaged in Labor
95% of countries violate right of strike

CSR (1 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions