environmental issues and business ethics Flashcards
what are environmental issues?
concerning the welfare of the environment and how GG Toys is treating it
what are ethical issues?
concerning what is morally right, especially with employees
what are the three reasons why businesses are concerned with the environment and sustainability?
reputation
legal requirements
efficiency
why is a business’ reputation impacted by sustainability?
customers prefer to support businesses that operate in a responsible way towards the environment
why are businesses concerned about the environment and sustainability (legal requirements)?
must meet guidelines or face fines
why are businesses concerned about the environment and sustainability (efficiency)
reducing running costs and waste will help increase profit and reduce prices
how to show a business is eco-friendly to save reputation? 4
publish information about their environment policy
reduce carbon footprint by sourcing sustainable materials
gain certification as proof they are eco-friendly
include environmental aims in mission statement
how to show a business is ecofriendly to meet legal requirements? 2
obtain all the necessary certificates and licenses
ensure they meet all regulations
how can a business be more efficient and eco-friendly? 3
reduce wastage
access grants for sustainable development
reduce water use, fuel use etc to reduce the cost of taxes and charges
how much of the toy market do plastic toys have?
90%
how many sales were made in the USA in the toy market last year?
$20.86 billion
what are the two environmental issues concerning GG Toys?
moving manufacturing to China
using plastic to make dolls
why is moving manufacturing to China an environmental issue?
extra transport of products from China to UK = more CO2 emmissions
why is using plastic to make dolls an environmental issue?
plastic is bad for the environment and isn’t often recycled
how to solve the problem of moving manufacturing to China? 2
ensure there are reductions in CO2 emmissions in other business areas
ensure transport is efficient (1 big trip rather than many small ones)
how to solve the problem of using plastic to make dolls? 3
look for alternative sustainable raw materials
use recycled plastic
use sustainable wood for wooden toys
what are the 4 main ethical issues in a business?
redundancies
functioning in a developing country
bullying/favouritism (discrimination)
low quality/faulty goods
why are there ethical issues with functioning in a developing country?
risk of child labour, bad working conditions, low pay etc
what to remember about GG Toys and ethical issues
at present, there is no evidence they are acting unethically, these are hypothetical
what is the main ethical issue GG Toys could be at risk of and why?
redundancies
moving jobs overseas in an area where people were already suffering
solution to the main ethical issue to do with GG Toys? 3
redundancy payments
finding other employment opportunities - warehouse
policies to protect overseas employees
what is a social benefits/costs table?
shows the impact of the warehouse on the local society
what are the 4 main social benefits of the warehouse?
creates more jobs
more money (wages) to spend - more sales for local businesses
strengthens economy
GG Toys must pay more tax
where will the warehouse create more jobs? 2
factory & delivery
what are the two areas where GG toys will have to pay more tax?
business rates on property
corporation tax on profit
what are the 2 main social costs of the warehouse?
pollution
taking a warehouse and operating with capital intensive methods could stop a labour intensive business opening, which would offer more jobs
what are the 4 ways in which the warehouse will pollute Bowton?
traffic congestion
noise of production
noise of transport
transport (CO2 gas)
