Topic 2E: Environmental Factors

Question 1

What are some examples of organisation impact on the environment which can affect the business as well as the outside world?

Answer 1

Depletion of natural resources.

Noise and aesthetic impacts

Residual air and water emissions

Long term waste disposal

Uncompensated health effects

Change in local quality of life

Question 2

What is sustainability?

Answer 2

Meeting the needs of the present without compromising the ability of future generations to meet their needs

Question 3

What is environmental sustainability?

Answer 3

The ability of organisations to operate without harming environment irreversibily

Question 4

What is social sustainability?

Answer 4

The ability of environments to have a positive impact on society, for example creating employment and treating employees and other stakeholders fairly

Question 5

What is economic sustainability?

Answer 5

The ability of an organisation to provide a return to shareholders over the longer term

Question 6

Give three examples of ways to reduce financial impact?

Answer 6

Reducing the amount of natural resources

Reducing the amount of energy used in business processes

Investing in renewable energy resources