Sustainable Development And Global Business Flashcards
Sustainable development
Meeting the needs of current generation without compromising the ability for the next generation to meet theirs
How to achieve sustainable development?
Requires economic development
(Standard of living)
Because poverty is the underlying factor to environmental degradation
Technology coorporation
Transfer of technology from developed countries to developing countries
Life cycle analysis or life cycle assessment
Information on lifelong environmental impact of a product from extraction to disposal
extract Design Manufacturing Distributing Use Disposal
Industrial ecology
Design factories and distribution system as self-contained ecosystem that has a closed loop recycling (e.g use waste as raw materials for another production or energy from by product)
extended product responsibility
Continuing responsibility for the environmental impact even after sales
Carbon neutrality
Net zero emission of greenhouse gases
Energy efficiencies
Own emission
Carbon credits/ carbon offsets
Reduce others’ emission by planting trees or product clean energy
Carrying capacity / ecological footprint
Measure the carrying capacity and how far human overshot it
Land and water required to produce resources it consumes and absorb its wastes
Convention for climate change
Signed international treaty on global warming