CSR considerations of elements Flashcards
what is the triple bottom line
people, planet, profit
what is csr
the ethical conduct of a business where they go above and beyond their legal obligations. they do this in aim to improve their social, economic and environmental outcomes of stakeholders.
considerations of inputs
identifying how the business can improve the environmental sustainability of its natural resources.
strategies for inputs
sourcing from local suppliers to reduce transport emissions, sourcing from suppliers with natural resources, installing reusable and clean energy sources.
considerations of processes
a business will aim to be as efficient and effective as possible.
strategy for processes
removing harmful chemicals from waste products, disposing of any harmful wastes, developing methods to capture and recycle excess inputs to reduce waste.
considerations for outputs
they are socially responsible to ensure that goods and services produced does not cause harm to the wider community.
strategy for outputs
eliminating as much plastic as possible, developing an environmentally friendly alternative, creating products with recyclable elements.