Sustainability Flashcards
What is Elkington’s definition of business sustainability?
Process of managing the Triple Bottom Line (TBL), which is the process of managing an organisation’s social, financial and economic risks, obligations and opportunities
What is the World Council for Economic Development (WCED) definition of sustainability?
Meeting the needs of the present without compromising the ability of future generations to meet their own needs
What are the three pillars of sustainability?
People
Planet
Profit
Name 2 UN Sustainable Development goals (17
Life on land
Responsible consumption and production
Sustainable cities and communities
Name the different shades of green
- Light green (compliance with law)
- Market green (seeking competitive advantage by attending to customer preferences)
- Stakeholder green (responding to environmental concerned of stakeholders)
- Dark green (respecting nature’s inherent worth)
What is greenwashing?
Practice of making a misleading or false claim about the environmental benefits of a product, service, technology or company practice.
E.g.- Easyjet, VW
Name some ‘business case’ advantages of sustainability
- Resource efficiencies, supply chain efficiencies
- Revenue growth: new markets
- Revenue protection: risk management
- Save (and invest) more than you spend
- improve the image of the brand/customer loyalty
Green issues?
- Transportation
- Recycling
- Packaging
- Supply Chain
- Building use and design
Social issues?
- Human rights
- Employee treatment
Examples of sustainable companies?
HP Sainsburys Waitrose Apple Tesco M&S Cafe Nero/ Coffee shops/ Sussex uni
What are the barriers towards achieving sustainability?
- Population growth
- Unsustainable consumption and production
- Limited awareness in poorer countries
- Insufficient incentives for the private sector
- Poor enforcement/ monitoring
