Lecture 13

Question 1

Sustainable development

Answer 1

Development that meets the needs of the present without compromising the ability of future generations to neet their own needs.

Question 2

Brundtland Report

Answer 2

People, Planet, Prosperity and Sustainability

Question 3

Corporate Sustainability (CS)

Answer 3

Bundle of activities fully integrated into a firm’s overall strategy that contribute effectively to the welfare of current and future generations through protecting and enhancing the resilience of the biosphere, social equity, and economic prosperity.

Question 4

Three pillars of CS

Answer 4

1. Environmental management
2. Social Accountability
3. Long-term economic performance

Question 5

Sustainable Corporate Entrepreneurship

Answer 5

Innovation of products, processes, strategies, domain, or business models to discover, assess and exploit attractive economic opportunities created by environmental and/or social issues

Question 6

Sustainable regeneration

Answer 6

The process of renewal, revival, or redevelopment in a sustainable manner.

Question 7

Sustainable rejuvenation

Answer 7

Bringing something back to life of restoring its vitally.

Question 8

Sustainable strategic renewal

Answer 8

A deliberate and planned approach to refreshing or restructuring aspects of an organization or system.

Question 9

Sustainable domain redefinition

Answer 9

Changing or redefining a particular domain or field activity in a sustainable manner.

Question 10

Creating Shared Value

Answer 10

Focus on policies and operating practices that enhance the competitiveness of a company while simultaneously advancing social and economic conditions in the communities in which it operates.

Shared value through: social, need, corporate assets and expertise, business opportunities.

Question 11

SBM - Sustainable Business Model

Answer 11

A business model for sustainability helps describing, analyzing, managing, and communicating.
- A company’s sustainable value proposition to its customers
- And how it captures economic value while maintaining or regenerating natural, social, and economic capital beyond its organizational boundaries.

Question 12

SBM archetypes

Answer 12

• Maximization mof material and energy efficiency
• Deliver functionality
• Re-purpose the business
• Create value from “waste”
• Adopt a stewardship rile
• Develop scale up solutions
• Substitute with renewables and natural processes
• Encourage sufficiency solutions

Question 13

Archetypes based on technological innovation

Answer 13

• Maximization of material and energy efficiency
• Creating value from waste
• Substitute with renewables and natural processes

Question 14

Archetypes based on social innovation

Answer 14

• Deliver functionality, rather than ownership
• Stewardship role
• Encourage sufficiency

Question 15

Archetypes based on organizational innovation

Answer 15

• Re-purpose
• Scale-up solutions

Question 16

Maximization of material and energy efficiency

Answer 16

Do more with fewer resources, generating less waste, emissions and pollution.

Question 17

Deliver functionality (rather than ownership)

Answer 17

Provide services that satisfy users’ needs without having to own physical products

Question 18

Re-purpose the business

Answer 18

Prioritizing delivery of social and environmental benefits rather than economic profit maximization, though close integration between the firm and local communities and other stakeholder groups.

Question 19

Create value from “waste”

Answer 19

The concept of “waste” is eliminated by turning waste streams into useful and valuable input to other production and making better use of underutilized capacity

Question 20

Adopt a stewardship role

Answer 20

Proactively engaging with all stakeholders to ensure their long-term health and well-being.

Question 21

Develop scale up solutions

Answer 21

Delivering sustainable solutions at a large scale to maximize benefits for society and the environment

Question 22

Substitute with renewables and natural processes

Answer 22

Reduce environmental impacts and increase business resilience by addressing resource constraints “limits to growth” associated with non0renewable resources and current production systems.

Question 23

Encourage sufficiency

Answer 23

Solutions that actively seek to reduce consumption and production.

Question 24

Mount sustainability

Answer 24

Redesign processes and products to close the technical loop using recovered and bio-based materials. Interface redesigning its processes and products to recycle synthetic materials to convert waste into valuable raw materials and to keep organic materials contaminated so they may be returned to natural systems