Module 3: Sustainability and Reverse Logistics Flashcards
Waste, such as chemicals or nuclear material, that is hazardous to humans or animals and requires special handling.
hazardous waste
An effort to minimize the negative environmental impacts of logistics activities in the supply chain to create sustainability for the organization.
green logistics
A set of guidelines for proper conduct by business professionals. For example, the ISM (formerly NAPM) provides a set of principles and standards for the proper conduct of purchasing activities.
ethical standards
An approach that measures the economic, social, and environmental impact of an organization’s activities with the intent of creating value for both its shareholders and society.
triple bottom line
A network-based organization that pioneered the world’s most widely used sustainability reporting framework.
global reporting initiative
An international standard that defines the requirements for designing, implementing, and maintaining an energy management system. It includes documentation, reporting, and procurement guidance.
ISO 50001
A series of generic environmental management standards, developed by the International Organization for Standardization, that provide structure and systems for managing environmental compliance with legislative and regulatory requirements and affect every aspect of a company’s environmental operations.
ISO 14000 Series Standards
A measure of carbon emissions from a person, organization, building, or operation.
carbon footprint
An organizational focus on activities that provide present benefit without compromising the needs of future generations.
sustainability
A voluntary initiative whereby companies embrace, support, and enact, within their sphere of influence, a set of core values in the areas of human rights, labor standards, the environment, and anticorruption.
United Nations Global Impact
Commitment by top management to behave ethically and to contribute to community development. This may also entail improving the workforce’s quality of life.
social responsibility
The framework that sets out the principles and performance indicators organizations can use to measure and report their human rights, labor, environment, and anticorruption practices and outcomes.
Global Reporting Initiative Reporting Framework
A way to compensate for an organization’s carbon dioxide emissions, either by reducing carbon dioxide emissions elsewhere in the business or by funding projects intended to improve the environment, such as renewable energy or forest conservation. This funding can be in the form of credits purchased on an exchange to meet compliance legislation, cap and trade systems, or as a voluntary effort.
carbon offsets
A complete supply chain dedicated to the reverse flow of products and materials for the purpose of returns, repair, remanufacture, and/or recycling.
Reverse Logistics
In reverse logistics, a system that accounts for the return flow of products for reuse, asset recovery, or recycling in a way that is cost-effective and maximizes returns.
Closed Loop systems