7 Flashcards

1
Q

What do we mean by the term sustainability?

A

The ability to be maintained at a certain rate or level Make something last this is a human desire!!!
it is often defined as meeting the needs of the present without compromising the ability of future generations to meet theirs

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2
Q

In developed countries our lifestyles tend to be unsustainable Why?

A

1.
Over
exploitation of natural resources that accompany economic
and demographic growth
2.
Market
failure hidden environmental costs are not reflected in
market prices
3.
Accelerating
resource depletion, waste generation and
environmental pollution due to shorten product lifecycles
(technology advance) and changing lifestyles since industrial
revolution
4
Environmental destruction and degradation wasting, depleting and
degrading the earth s natural capital
Happening at an accelerating rate also known as natural capital degradation

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3
Q

What is natural capital

A

It s the stock of renewable and non
renewable natural resources (e g plants, animals, air, water, soils, minerals) that combine to provide benefits to people

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4
Q

Sustainability, Why is it important?

A

MEANS THE SUSTAINABILITY OF THE HUMAN RACE ON THIS PLANET IN THE LONG TERM

Since the 1980 s many people have extrapolated the consequences of the developed world way of living and discover that:

At the present rate of usage of WATER, RAW MATERIALS and ENERGY the environmental consequences will be such that HUMAN LIFE WILL BE IMPOSSIBLE WITHIN A FEW HUNDRED
YEARS.
WE ARE LIVING UNSUSTAINABLY

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5
Q

Facts on us living unsustainable

A

According to the BP Statistical Review of World Energy (2019):
* World energy consumption rose by
2.9 % the fastest growth since 2010
* There was a 2.0 % growth in carbon emissions from energy use, the fastest in 7 years.
*Overall, it is believed that we have approximately:
* 110 years of coal
* 54 years of natural gas
* 53 years of oil remaining

. In the last 200 years, the total rainforest area has been reduced from 1.5 billion hectares to less than 800 million hectares (YPTE, 2019 ).

One hectare (ha) ~ Two football pitches

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6
Q

Sustainable Development Definition

A

“A
type of development which provides real improvement in the quality of life and at the same time, maintains or enhances the vitality of the earth”

The Brundtland Commission defined SD as
“Meeting the needs of the present without compromising the ability of future generations to meet their own needs”

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7
Q

Sustainable Development Definition in business

A

adopting business strategies and activities that meet the needs of the enterprise and its stakeholders today while protecting, sustaining and enhancing the human and natural resources that will be needed in the future

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8
Q

A report by the World Conservation Strategy defines SD as a set of strategies
and tools which respond to five broad requirements

A
  • Integration
    of conservation and development
  • Satisfaction
    of basic human needs
  • Achievement
    of equity and social justice
  • Provision
    for social self determination and cultural diversity
  • Maintenance of ecological integrity

Each of these is a goal in itself and a condition for achieving the others, thus underlining the interdependence of the different dimensions of sustainability and the need for an integrated, interdisciplinary approach to the achievement
of development which is sustainable

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9
Q

Choose 5 of the 17 UN goals regarding sustainable development that you think are
important (your top 5 ) and list them as well explaining why they are important? Are
they sustainable?

A

1 .Donate what you don t use.
2 Waste less food and support local farmers
3 . Vaccinate your family
4 . Educate the Children in your Community
5. Empower women and girls and ensure their equal rights

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10
Q

Methods of control population growth include:

A
  • Legal restrictions on the number of children per family
    *Higher levels of taxation for families with/without children
  • Family planning and contraception
  • Immigration legislation
  • Politically driven media campaigns
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11
Q

The Population Puzzle

A
  • There are a number of conundrums facing future generations…
  • An ageing population needs someone to look after it.
  • Every country needs a
    working population ” in order to generate revenue, to pay for public services (schools etc.)
  • A very young population needs someone to teach it…
  • Variations in the population with each generation means that society must
    adapt to meet it’s needs
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12
Q

Sustainability is often broken into three intertwined categories:

A

*social sustainability,
*economic sustainability,
*environmental sustainability.
Together these categories of sustainability are known as the three pillars of sustainability

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13
Q

The three pillars of sustainability provide what

A

a framework for applying a solutions-oriented
approach to complicated sustainability issues like fisheries management.
While interpretations of the individual pillars vary, together the three pillars are meant to
work in connection to one another with true sustainability occurring when the three pillars
are balanced.

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13
Q

The three pillars of sustainability provide what

A

a framework for applying a solutions-oriented
approach to complicated sustainability issues like fisheries management.
While interpretations of the individual pillars vary, together the three pillars are meant to
work in connection to one another with true sustainability occurring when the three pillars
are balanced.

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14
Q

The Brundtland report

A

it is based on three fundamental pillars:
social economic and environmental

The Brundtland report, delineated the development of human resources in the form of
reducing extreme poverty, global gender equity, and wealth redistribution.
The Brundtland report was imperative to implement strategies to prevent
environmental degradation, and how environmental limits impact energy efficiency, the global economy, economic resources, and overall sustainable industrialization and
development.

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15
Q

Social Sustainability

A

Social sustainability includes
environmental justice, human health, resource security, and education, among other important social elements of society.

Under the three pillars concept, efforts to promote social sustainability should also aim to
foster economic and environmental benefits, too.

For businesses, efforts to generate social sustainability could include focusing company
efforts on employee retention instead of economic priorities.

For example, investments in the well being of employees are likely to generate economic
benefits for the company by increasing employee motivation.

Efforts to increase social sustainability can also benefit the environment. For example,
people’s diet choices can have a substantial impact on both human health and the
health of the environment , therefore advocacy for healthier eating can benefit the environment,

16
Q

Economic Sustainability

A

Economic sustainability includes job creation, profitability, and proper accounting of
ecosystem services for optimal cost
benefit analyses.

When it comes to the job market, research shows high rates of employment benefit both the economy and the people’s social well
being through the resource security employment provides.

In this way, the economic drivers requiring companies to need employees and for people to
need jobs can also foster social sustainability if employment offers people security.

Today’s gig economy places social and economic sustainability at odds with one another.
The gig economy causes many people to contribute to the economic sustainability of
companies without receiving the social safety nets typically provided by employment in
return.

Efforts to be more environmentally sustainable can also benefit the economic sustainability of
an organization.

For example, recycling valuable materials, such as electronic waste and textile waste, can
lower operating costs and reduce the intensity of resource extraction required to sustain
businesses

17
Q

Environmental Sustainability

A

Environmental sustainability focuses on the well being of the environment.

This pillar includes water quality, air quality, and reduction of environmental stressors, such
as greenhouse gas emissions.

Human health depends greatly on the quality of a person’s environment, inextricably linking
human health and the state of the environment. Therefore, efforts to preserve and restore
the environment benefits people, too.

The environment also provides natural resources necessary to foster economic sustainability. Companies rely on the extraction of natural resources to be economically sustainable.

Efforts to extract resources at levels that are sustainable for the environment will also provide
economic sustainability through the continued availability of resources.

18
Q

Corporate Sustainability .

A

Corporate sustainability emphasizes growth and profitability through intentional business
practices that take into consideration the three pillars of sustainability.
The goal is to provide long
-
term value for stakeholders without compromising people, the
planet, or the economy.
Recently, businesses worldwide have started placing a greater emphasis on sustainability.
Companies have all kinds of motivations for these investments.
Thirty
-
three percent of companies are prioritizing sustainability to reduce costs and improve
operational efficiency. Others invest in corporate citizenship best practices for a short lived
media boost.

19
Q

Corporate Social Responsibility . CSR

A

Corporate social responsibility (CSR)
is a broader concept than corporate sustainability.

In short, CSR helps a company be socially accountable to itself, its stakeholders, and the
public.
A company that engages in CSR operates in a way that enhances society, both locally and
globally.

CSR is a long term strategy that is never temporary and always evolving.
Consider Starbucks
- it is well known for upholding exceptional standards if CSR.
Ethically sourced coffee: promotes its global farmers network.
College achievement plan: exclusively for its employees.

Both CSR and corporate sustainability focus on helping companies run in a way that allows
them to be ethically profitable
never at the expense of others.
Both CSR and corporate sustainability help companies make a positive impact on those
around them.
These two concepts are closely related corporate sustainability is therefore part of CSR.

20
Q

What do you think are the 3 main differences between CSR & Corporate Sustainability?

A

Vision
*CSR often looks backward and reflects on what a company has done to contribute to
society.
*Corporate sustainability looks forward and develops a sustainable strategy for the future.

Target
*The targets of CSR initiatives are often opinion formers (e.g., media, politicians, and
pressure groups).
* Corporate sustainability looks at the whole value chain (i.e., everyone from end
consumers to stakeholders).

Motivation
*The motivation and driving force behind CSR initiatives is to protect a company’s
reputation.
* For corporate sustainability, the drive has more to do with creating new opportunities for
emerging markets.