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CSR > Everything > Flashcards

Everything Flashcards

learning, duh

1
Q

Bruntland report defines SD as :

A

Sustainable Development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs.

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2
Q

Major positive events that led to Sustainable Development

A

1962 Silent Spring, by Rachel Carson

1972 UN Conference on the Human Environment and UNEP. The Stockholm conference leads to the establishment of the United Nations Environment Programme (UNEP) in December 1972.

1987 Our Common Future (Brundtland Report), It popularizes the term “sustainable development.”

1992 Earth Summit, in Rio

2005 Kyoto Ptotocol, goals for greenhouse gases, obligations expire in 2012

2015 COP 21 in PAris, to achieve a legally binding and universal agreement on climate, from all nations

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3
Q

Major Negative events that led to sustainable developement

A

1984 Bhopal disaster - toxic chemical leak - leaves 10 000 dead and 300 000 injured in Bhopal, India

2010 BP Deepwater Horizon oil rig explosion - leaks 5M barrels of crude oil into the Gulf of Mexico for 87 days, damaging… everything

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4
Q

SD from 2000-2015 (forme ?)(combien?)

A

UN Development Goals (8)

(millenium dev goals)

  1. Eradicate extreme poverty and hunger
  2. Achieve universal primary education
  3. Promote gender equality and empower women
  4. Reduce child mortality
  5. Improve maternal health
  6. Combat HIV/AIDS, malaria and other diseases
  7. Ensure environmental sustainability
  8. Global partnership for development
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5
Q

SD from 2015-2030

A

UN Sustainable Developement Goals -SDGs- (17)

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6
Q

Why use the UN SDG’s ? (give 3-4 reasons)

A
  • Universal and apply to all countries
  • Promote International cooperation
  • International Sustainability Framework
  • Common language for various stakeholders
  • Address root causes of issues
  • Multi-stakeholders initiative: can be used by all organizations and for all activities
  • Resources (guidelines, tools, communications kit, KPIs etc.) available online
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7
Q

Name at least five UN SDG’s

A
  1. No Poverty
  2. Zero Hunger
  3. Good Health and Well-being
  4. Quality Education
  5. Gender Equality
  6. Clean Water and Sanitation
  7. Affordable and Clean Energy
  8. Decent Work and Economic Growth
  9. Industry, Innovation, and Infrastructure
  10. Reduced Inequality
  11. Sustainable Cities and Communities
  12. Responsible Consumption and Production
  13. Climate Action
  14. Life Below Water
  15. Life on Land
  16. Peace, Justice, and Strong Institutions
  17. Partnerships for the Goals
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8
Q

Are all UN SDGs equally pertinent to all nations? Why?

A

Not necessarily.

For example : Malnutrition and poverty are more important in africa, while other countries may have different sustainable developement challenges like clean energy, sustainable cities and communitities, etc.

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9
Q

Are sustainable challenges related?

A

Yes. Sustainability challenges are related (ex. poverty→health) and need to be addressed globally.

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10
Q

Name the 6 steps for CSR strategy for companies.

A
  1. Stakeholders’ identification.
  2. E&S challenges identification
  3. Risk identification
  4. Developing CSR strategy
    (relevant to previously identified)
  5. Action Plan
  6. Monitor
    (Communication, annual reporting, KPIs, identify E&S controversies)

(loop back to 1 as necessary)

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11
Q

Sustainability est la croisée de ____, ____, et ____.

A

Environmental, Social, Economic

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12
Q

How to identify stakeholders?

A

Ask and answer :

  • To whom a company has legal obligations?
  • Who could be positively or negatively impacted y the activities and decisions of the company?
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13
Q

Steps for stakeholders identification : (3)

A

Identifying, prioritizing, mapping.

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14
Q

How to map stakeholders?

A

On a graph with:

IMPACT (or interest) as Y axis, from low to high
and
INFLUENCE as X axis, from low to high

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15
Q

How to communicate with stakeholders …:

  1. low interest + low influence
  2. low interest + high influence
  3. High interest + low influence
  4. high interest+ high influence
A
  1. Minimal contact, essential info only
  2. Anticipate needs. Keep satisfied
  3. Keep informed. Monitor closely
  4. Regularly engage, keep satisfied
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16
Q

Definition of Cautionary Principle (or Precautionnary)

A

act even when no scientific concensus (eg. Shale gas in France, GMO crops)

The precautionary principle relates to situations that present a potential risk of serious or irreversible damage, often in the absence of proven scientific knowledge on the subject.

17
Q

Definition of Prevention Principle

A

known risks, predictable damages (scientific concensus : Yes)

The prevention principle applies to any known risk situation including predictable damages.
This principle allows action to be taken to protect the
environment at an early stage. It is now not only a question of repairing damages after they have occurred, but to prevent those damages occurring at all. In short: it is better to prevent than repair.

18
Q

Definition of Responsibility Principle

A

CADRES LÉGAUX POUR IMPUTABILITÉ
+études d’impact enviro
+ex. Total - Erika Case

The responsibility refers to the liability in environmental and social impacts of an economic actor.

Principe qui vise à responsabiliser les organisations pour leur actes/décisions afin qu’ils soient imputables et assument les conséquences.
L’application du principe de responsabilité s’est traduit par la mise en place de politiques ou de cadres légaux en ce qui a trait à l’environnement et à la protection des personnes en situation de vulnérabilité

Ex.(QC)
- Réalisation d’études d’impact environnemental obligatoires pour certains projets de grande envergure (ex. barrage hydroélectrique)
- BAPE
- Lois du travail

Ex. (EU)
- Total - Erika case
- Trafigura - Probo Koal case

19
Q

Definition of Polluter Pays Principle (PPP)?

Name two (2) methods of implementation.

A

The Polluter Pays Principle (PPP) is an environmental policy principle which requires that the costs of pollution be borne by those who cause it.

Its immediate goal is that of internalizing the environmental externalities of economic activities, so that the prices of goods and services fully reflect the costs of production.

Either implemented through :

Command-and-control : ex. gov intervention-legal
(max emission levels of cars, Montreal Protocol for CFCs in the atmosphere)

Market-based :Policy instruments using markets, prices, etc.
(DEEE tax in France, Kyoto Protocol limits greenhouse gas)

20
Q

Are precautionnary and Prevention principles the same? why?

A

NO. Do not confuse Precautionary & Prevention :

  • Prevention principle includes proven risk situations with predictable damag (scientific concensus : YES)
  • Precautionary principle includes situations with potentially serious and irreversible impacts for which scientific evidence is not necessarily available (concensus : NO)
21
Q

What is the Right To Information Principle ?

Where is it mandatory?

A

ex.

  • Public Inquiries opened on the occasion of projects that may have an E&S impact. The public can express their views and know the details of the project.
  • In project finance, the consultation of population impacted by a project is a mandatory criterion.
22
Q

What is the Equity Principle? (2 types)

A

The INTER-generational equity : It means striking a reasonable balance between satisfying our needs now and setting aside enough to provide for needs of future populations.

The INTRA-generational equity : It refers to the idea that all people throughout a community have the same basic needs that must be taken into consideration. Fair access now to Earth’s natural ressources.

Ex. UN SDGs

23
Q

What is the UN Global Compact?

Why use it? Is it legally binding?

(10 principles around … -4-)

A

The UN Global Compact is a program launched by the United Nations in 2000. Its aim is to encourage BUSINESSES around the world to adopt sustainable and socially responsible policies.

It has 10 principles, around :
- human rights
- labor standards
- environmental protection
- anti-corruption.

It is voluntary. Businesses are encouraged to report their progress.

NOT LEGALLY-BINDING but can result in negative impact for companies (ex. blacklist of bank investing), so that’s why they should follow.

24
Q

Does the ESG performance of a company translate to its overall performance?

A

Probably YES.

Especially is publicly traded :
Financial markets are increasingly including ESG criteria (investing strategies but also risk management systems) regulation inline for them to do so.
So, firms are under pressure for ESG criteria (finance/bank ⇄ suppliers ⇄ customers/clients, etc).

ESG performance generally speaking = company peformance as a whole.

25
Q

What is GREENWASHING ?(2)

A

Definition :
The act of misleading consumers regarding the environmental practices of a company or the environmental benefits of a product or service.

26
Q

What are the 6 sins of Greenwashing ?

A

The 6 sins of Greenwashing :

Sin of HIDDEN TRADE-OFF : suggesting a product is ‘green’ based on a single environmental attribute without attention to other important environmental issues.

Sin of NO PROOF : Any environmental claim that cannot be substantiates by easily accessible supporting information, or by reliable third-party certification.

Sin of VAGUENESS : claim that is so poorly defined or broad that its real meaning is likely to be misunderstood y the intended consumer.

Sin or IRRELEVANCE : making an environmental claim that may be truthful but is unimportant and unhelpful for consumers seeking environmentally preferable products

Sin of LESSER OF TWO EVILS : these are ‘green’ claims that may be true within the product category, but that risk distracting the consumers from the greater environmental impacts of the category as a whole.

Sin of FIBBING : Making environmental claims that are simply false.

27
Q

What is CSR ?

A

Corporate Social Responsibility is a management concept whereby companies integrate ENVIRONMENTAL and SOCIAL concerns in their business OPERATIONS and INTERACTIONS with their STAKEHOLDERS.

28
Q

UN definition of corporate sustainability? (5 notions) (exam? pas sûr)

A

Principled Business

Leadership commitment

Local action

Strenghtening society

Reporting progress

29
Q

Benefits of CSR ? (4)

A
  1. Employer branding
  2. Anticipating regulation
  3. Improving company performance
  4. Reenforcing company’s resilience
30
Q

Name 3-4 CSR frameworks

A

UN GLOBAL IMPACT

GLOBAL REPORTING INITIATIVE

UN SDGs

ISO 26000 (social responsability)

31
Q

What is SRI ? (exam ??)

A

Socially Responsible Investing

Bring together the contradiction of Financial Markets (FM : 1 dimensional : profits, ROI, short-term) and Sustainability (long-term returns, well-funcitonning systems)

32
Q

What are the Equator Principles for ? (exam?)

A

Responsible investing, due dilligence.

The Equator Principles are a risk management framework, adopted by financial institutions, for determining, assessing and managing environmental and social risk in projects and is primarily intended to provide a minimum standard for due diligence to support responsible risk decision-making.

10 Principles.
138 financial institutions in 38 countries
Covers 85% of international project finance debt in emerging markets

Scope :

Project Finance
Project Finance Advisory Services
Project-Related Corporate Loans
Bridge Loans (shot-term, temporary, high interest, collateral-covered loan)

33
Q

How can CSR create monetary value? (3 ways)

A

Customer Loyalty

Willingness to pay premium prices

Lower reputation risk

34
Q

Do consumers want companies to have a positive impact?

A

yes, 81% do

(bonus):
CSR Value for customers:
*Emotional Value: Good Feeling/Warm Glow
*Social Value: external sign/social perception
*Functional Value: direct benefit

(bonus) :
Do consumers care about CSR?
*CSR no longer regarded as an “extra”
*Consumers expect companies to have consistent CSR policies

Win/Win situation:
*Companies: consumer’s approval and support
*Consumers: CSR practices create value for customers

CSR Customer Value (J. Peloza) is:
*Interactive
*Preferential
*Relativistic

35
Q

How much do largest US/UK firms spend on CSR ?

A

$15B

36
Q

What is Eco-labeling and what are the five (5) types? (exam?)

A

Mandator (A-G rating for electrical appliances)

Governement (EU ecolabel)

Organic labels

Fair Trade

Sector Specific (wood: FSC/PEFC / seafood : Marine Stweardship Council Certification)

37
Q

What is the CRED approach to Green Marketing ? (exam?)

A

CRED

Credible

Relevant

Effective

Differentiate

CSR (1 decks)

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