Topic 2 Flashcards
Key players in CSR
- Communities
- Customers
- Suppliers
- Employees
- Government
- Shareholders
Reasons for change in evolvement from fm to sfm.
- Damaging implications
- CSR
- Increase cost of energy
- Limits on carbon emissions
- Change in way businesses perceive fm.
- Increase in awareness of green movement
- Technological changes
- Increase in number of green buildings
Issues of CSR
- Climate change and environment
- Customer service
- Health, safety and security
- Human rights
- Supply chain responsibility
- Diversity and inclusion
Triple bottomline
Profit - creating a sustainable business
People - ensuring a fair society
Planet - living within environmental limits
Examples of PROFIT under the triple bottom line
- investor returns
- enterprise partners
- good employer
- creativity and innovation
- business model
- efficient processes
- competitive advantage
- profitable growth
Examples of PEOPLE under the triple bottom line
- localities and communities
- education and development
- relieving poverty
- human rights
- safety and security
- ethnics and governance
- privacy and equality
- health and well-being
Examples of PLANET under triple bottom line
- replenishing resources
- logistics and transport
- end of life disposal
- waste management
- emissions and pollution
- sustaining diversity
- building design
- renewable energy
Why is fm important to corporations?
- effects it has on operations and businesses
- cost savings
Effects of technological changes
Enhance effectiveness and efficiencies
Positions for business functions to support sustainable development
- Facilities management
- R&D activities
- Corporate management
- Health, safety and quality
- Sales and marketing
- Procurement & supply chain
- Operational management
Define corporate social responsibility
Voluntary actions that a corporation implements as it pursues it’s mission to fulfill it’s obligations to stakeholders, employees, communities, the environment and society as a whole
