Sustainability 101 Flashcards
What is business ethics?
distinguishing standards between right and wrong
How can ethics be looked at?
internally and externally
Explain internal business ethics
impact on departments in the company and supply chain
Explain external business ethics
societal effect on environment from inception to end
What is Corporate Social Responsibility?
approach looks at more than own business and profit. solves societal problems and responsible for society and all stakeholders
What is another approach to business ethics?
stakeholder theory
What is stakeholder theory?
attention to all stakeholders of a company. Departments, customers, suppliers, and community. goes beyond creating shareholder wealth
What are shareholders?
owners of the business and expect an ROI
What are stakeholders?
everyone who connects to the company internally and/or externally
When is a company sustainable?
when they care about stakeholders and are concerned about world problems
What are examples of world problems?
climate change
material and natural resource depletion
Who can think ethically and make decisions?
Humans not pets
How do humans become more sustainable?
expand relation to nature and understanding
What causes disconnectedness from nature?
urbanisation
What are ways of expanding connectedness to nature?
expand connection compassion and love
lower individualism and empathy for nature
recognise our role in nature to become part os more holistic and ecological world view
teach from young age to create responsible leaders
awareness of trust and environmental conditions
ethics
