Lecture 2

Question 1

Sustainability Definition

Answer 1

fulfill needs of current generations without compromising the needs of future generations, while ensuring a balance between economic growth, environmental care and social well-being

Question 2

TBL Strategies

Answer 2

• The utilization of natural resources as a part of its production processes, e.g., the amount of water used in garment finishing
• The enrichment of a local community through the creation of employment opportunities
• Transformation of the landscape due to raw material extraction or waste – circular economy
• Social equality
• Tackling pollution by imposing restrictions on the use of chemicals used during dyeing processes or restricting pesticides when growing cotton crops that can cause harm to farm workers through inhalation.

Question 3

Corporate social responsibility

Answer 3

response to issues that go BEYOND the usual economic, technical, and legal requirements of the company

Question 4

CSR field terminology

Answer 4

ESG; Responsible business
corporate citizenship; business ethics; community involvement; sustainability; corporate social performance - CSP