Week 8 Flashcards
Demographic change
Shifts in size and patterns of population over time, including the distribution of wealth and poverty.
Ecosystem change
Variations over time in the Earth’s natural capital affecting the planet´s ability to sustain future generations
Climate change
changes in the Earth’s climate over time due to natural variability and human activity
Demographic trends
World population growth
Ageing Society
Rising Middle class
Urbanization
Sustainability challenges
Climate Change
Biodiversity loss
Pollution and waste
Depletion of resources
Sustainability
is the capacity to support, maintain or endure.
The five capitals
Sustainability means balancing different types of capital
Manufactured Capitals Financial Capital Social Capital (anything that we build as a society) Human Capital Natural Capital (biggest one)
What is business sustainability?
If sustainability is the ability to support, maintain or endure…
Then business sustainability is what?
Economic value
Social value
Environmental value
Areas that see change: Energy
Energy: a lot of change happening & about to happen
Comparative advantage between countries
Renewables: Wind, Hydro, Biomass, Solar, Geothermal, Marine
Areas that see change: Poverty
Absolute:
a fixed standard of what households should be able to count on in order to meet their basic needs or absolute deprivation
Relative:
cutoff point in relation to the overall distribution of income or consumption in a country or relative deprivation
Ethical issues when it comes to poverty and sustainability
Business with resource constraints
Business as an enemy – business will keep being just focused on profit
Business as a positive force - focusing on shared value