Unit 8 - Sustainability Flashcards
Triple Bottom Line
An expanded spectrum of values and criteria for measuring organizational success: economic, environmental and social.
Sustainable Development
Meets the needs of the present without compromising the ability of future generations to meet their own needs.
Environmental Aspect of TBL
Involved in maintaining the ecosystem by optimising (using) its resources more prudently.
Social Aspect of TBL
Designing to develop goods and services to enhance human well-being and cultural identity.
Economic Aspect of TBL
Economic development increases people’s GDP and spending power, which results in the consumption of resources, leading to a negative environmental impact.
Decoupling
Refers to disconnecting two trends so that one no longer depends on the other. Delivering the same goods and services with lower environmental impact while maintaining social and equity benefits.
International & National Laws
The use of international and national laws to promote sustainable development
Product Stewardship
Everyone involved in making, selling, buying or handling equipment (products) takes responsibility for minimizing environmental impact at all stages in the life cycle.
Sustainability Reporting
A company report focuses on four performance aspects: Economic, Environmental, Social, and Governance.
Sustainable Consumption
Consumption of goods and services that have a minimal environmental impact promotes social equity and is economically viable whilst meeting basic human needs worldwide.
Eco-Warriors
Individuals or groups that actively demonstrate environmental issues.
Eco-Champions
Individuals or groups that champion environmental issues within organizations.
Eco-Fans
Individuals or groups that enthusiastically adopt environmentally friendly practices as consumers.
Eco-Phobes
Individuals or groups that actively resent talk of environmental protection.
Eco-Labelling
The labelling of products to demonstrate that they are better for the environment than other products.