Sustainable Flashcards
1987 : Sustainable development
: “development that meets the needs of the present generation without compromising the ability of future generations to meet their own needs”
Milton Friedman :
« There is one and only social responsability of business, to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud”
Corporate social responsibility (CSR) :
business self- regulation aiming to contribute to societal goals by engagement directly/in directly in ethically-oriented practices.
Socially responsible investing (SRI) or “sustainable investing” or “responsible investing”
any investment strategy that considers both financial return and social/ environmental good to bring about social change (regarded as positive proponents).
Impact investing :
Subset of SRI, financial investments aimed at generating measurable beneficial social or environmental impact alongside a financial return.
Triple bottom line (TBL)
one : profit, people and the planet John Elkington).
Definitin EU sustainable taxonomy
Climate change mitigation
Climate change adaptation
Sustainable use and protection of water and marine waters
Transition to a circular economy, waste prevention and control
Protection of healthy ecosystems
Taxonomy-eligible
Activities that have the potential to become green but are not necessarily green yet
Environmental sustainable
- Activities that avoid or reduce gas emissions
- activities that allow others to make good contribution
- Transitional activities
Carbon stranded assets
The term carbon stranded assets refers to assets whose value could decrease as a result of the introduction of climate policy/regulation that discourage the use of fossil fuel.
Problems with carbon stranded assets
1) No standardized definition of carbon stranded assets
2) No classification if sectors at risk
3) Difficult then to compare estimates of stranded assets across models
Greenhoiuse effect
: The downward directed component of this adds heat to the lower layers of the atmosphere and to the Earth’s surface.
