Week 12 Review

Question 1

What is BLI (Business led initiative?

Answer 1

Business-led initiatives are governed exclusively by companies as codes to promote self-regulation but strive to meet the lowest level of expectation.

Question 2

What is ESG?

Answer 2

ESG: Environmental social governance, used as a financial incentive to promote good and sustainable business practices.

Question 3

What is fairtrade?

Answer 3

Mult sector and mult-product organization. Empahsis labour and environmental justice especially for small producers.

Question 4

What is FSC?

Answer 4

Forest Stewardship Council was started by WWF with Unilever then became independent.

Question 5

ISEAL ALLIANCE

Answer 5

Credibility principles

Question 6

What is LEED?

Answer 6

Owned by the US/Canadian Green Building Council.

Question 7

What is MSI (Multi-stakeholder initiatives)

Answer 7

MSI: Multi-stakeholder initiatives are representations that involve setting up a set of principles, criteria and indicators.

Question 8

What is responsible care?

Answer 8

To promote sustainable and ethical care in business practices for the betterment of society

Question 8

What is a stakeholder?

Answer 8

Individuals who have an interest in the organization or who are affected by their actions.