Lecture 13 Flashcards
Sustainable development
Development that meets the needs of the present without compromising the ability of future generations to neet their own needs.
Brundtland Report
People, Planet, Prosperity and Sustainability
Corporate Sustainability (CS)
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.
Three pillars of CS
- Environmental management
- Social Accountability
- Long-term economic performance
Sustainable Corporate Entrepreneurship
Innovation of products, processes, strategies, domain, or business models to discover, assess and exploit attractive economic opportunities created by environmental and/or social issues
Sustainable regeneration
The process of renewal, revival, or redevelopment in a sustainable manner.
Sustainable rejuvenation
Bringing something back to life of restoring its vitally.
Sustainable strategic renewal
A deliberate and planned approach to refreshing or restructuring aspects of an organization or system.
Sustainable domain redefinition
Changing or redefining a particular domain or field activity in a sustainable manner.
Creating Shared Value
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.
SBM - Sustainable Business Model
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.
SBM archetypes
- 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
Archetypes based on technological innovation
- Maximization of material and energy efficiency
- Creating value from waste
- Substitute with renewables and natural processes
Archetypes based on social innovation
- Deliver functionality, rather than ownership
- Stewardship role
- Encourage sufficiency
Archetypes based on organizational innovation
- Re-purpose
- Scale-up solutions
Maximization of material and energy efficiency
Do more with fewer resources, generating less waste, emissions and pollution.
Deliver functionality (rather than ownership)
Provide services that satisfy users’ needs without having to own physical products
Re-purpose the business
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.
Create value from “waste”
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
Adopt a stewardship role
Proactively engaging with all stakeholders to ensure their long-term health and well-being.
Develop scale up solutions
Delivering sustainable solutions at a large scale to maximize benefits for society and the environment
Substitute with renewables and natural processes
Reduce environmental impacts and increase business resilience by addressing resource constraints “limits to growth” associated with non0renewable resources and current production systems.
Encourage sufficiency
Solutions that actively seek to reduce consumption and production.
Mount sustainability
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
