Chapter 1 – Fundamentals of Sustainability Flashcards
(40 cards)
Which external stakeholder groups are interested in sustainability issues?
Legislator
* Economic,
* Regulatory and
* Persuasive
Environmental policy instruments
Investors/ Shareholders
* Environmental indices (DJSI)
* External sustainability reporting
(GRI/CDP)
* Extra Financial Risks
Non-governmental organizations, (corporate and private)
customers, other stakeholders
* Social standards (SA 8.000)
* Environmental standards (ISO 14.000)
* Supply chain information (CO2/eco-efficiency)
* Product information (Carbon Footprint, ISO 14040)
What is meant by the 2030 UN Agenda for Sustainable Development?
-
17 Sustainable Development Goals (SDGs) of the
United Nations -
Consideration of the social, ecological and
economic dimensions of sustainability - Valid: 2016-2030
- Inclusion of all states
(developing and industrialized countries)
What is meant by “weak sustainability”?
- Substitution between the three dimensions of sustainability is possible
- Social welfare requires only the sum total of a society’s capital stocks to be held constant
-> Natural capital may be legitimately consumed to the extent that other capital stocks are
built up.
What factors are taken into account in the “slave calculator”?
Lifestyle incl. means of transport
Nutrition
Cosmetics
Gemstones/jewellery
Consumer electronics
Hobbies
Clothing
What is meant by “strong sustainability”?
- Capital stocks must be kept constant in all three dimensions of sustainability
- “Constant Natural Capital Rule” (CNCR): Stocks of natural capital should be preserved
-> Substitution of man-made capital for natural capital is not permitted.
What effects occur in the context of production automation?
- **Displacement effect (negative): **Job losses due to automation
- Income effect (positive): Lower production costs → Lower product prices → Increase in real purchasing power → Increase in demand in other sectors → Increase in employment in other sectors (sectors 2, 3 and 4)
- Substitution effect (positive): Cheaper products → More purchases → Employment increase (or lower job losses) in same sector (sector 1)
What are the economic consequences of climate change for companies (Stern Review)?
Economics of greenhouse gas stabilization and identification of climate change impacts and costs
Assumptions:
Temperature increase of 2°C by 2035 due to increase in greenhouse gas concentration
Stabilization of the climate requires an 80% reduction in emissions
Economic Consequences:
Emissions reduction and climate stabilization ex-ante costs approx. 1 % of gross domestic product
Unchecked climate change causes losses of 5-20% of global GDP
What are the combinations of the individual sustainability pillars called (5):
- Only Economy/ Ecology/ Socity -> Economic/ Eco-/ Socio- effectivness
- Ecology and Economy -> Eco-efficiency (Socio-efficiency for Econ and Soci)
What are the 17 Sustainable Development Goals (SDGs) of the
United Nations
- No poverty
- zero hunger
- good health and well-being
- quality education
- gender equality
- clean water and sanitation
- affordable and clean energy
- decent work and economic growth
- industry, innovation and infrastracture
- reduced inequalities
- sustanable cites and communities
- responsible consumption and production
- climate action
- life below water
- life in land
- peace, justice and strong institutions
- partnerships for the goal
Two measurses of inequality
Inequality of Wealth
Inequality of Income
The Planetary Boundaries over time
2009 3 crossed
2015 4 crossed
2023 6 crossed out of 9
Sufficiency Strategy
- Reducing per capita consumption by assuming individual responsibility
- Prerequisite: change in social values
Resources:
Proven but currently technically and/or economically unrecoverable, as well as unproven but geologically
possible, future recoverable quantities of energy commodities (“yet to find”).
Reserves:
Quantities of energy raw materials economically recoverable at today’s prices and with today’s technology.
Population Growth 5 Stages
5 Stages:
Stage 1
* Brith rate HIGH
* Date rate HIGH
* Natural increase: stable or slow
Stage 2
* Brith rate HIGH
* Date rate Falls rapidly
* Natural increase: rapid increase
Stage 3
* Brith rate falling
* Date rate Falls slowly
* Natural increase: increase slows down
Stage 4
* Brith rate low
* Date rate low
* Natural increase: falling than stable
Stage 5
* Brith rate Rising again
* Date rate low
* Natural increase: stable or slow
Name three events that have led to sustainable development:
1972: „The Limits of Growth“
Study by Meadows/Meadows on behalf of the Club of Rome
Finiteness of resources is shown
Important conclusion “Factor 4” (Weizsäcker et al. 1995): Double prosperity, halve nature consumption
1987: „Our common future“ („Brundtland-Report“)
Final Report of the World Commission on Environment and Development.
Development of the Concept of Sustainable Development: “Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs.“ (English translation)
1992: „Erdgipfel“ (engl. World conference)
UN Conference on Environment and Development (Rio Conference 1992)
Resolution of the “Agenda 21”: Action program for the implementation of sustainable development with concrete recommendations for action at local, national and international levels.
Name the three strategies of sustainable development:
Quantitative change in material and energy flows
Efficiency Strategy
Sufficiency Strategy
Qualitative Changed. Material and energy flows
Consistency Strategy
Name the three pillars of sustainability:
Ecology (Planet)
Economy (Profit)
Society (People)
Name possible consequences of climate change (7):
Rise in sea level
Melting of glaciers
Changes in the wind system
Effects on the ecosystem, e.g. spread of heat-loving pests (e.g. bark beetles) and pathogens (e.g. malaria)
More extreme and more frequent droughts in Africa
Erosions, hurricanes, floods
Economic costs
Name 5 NGOs:
WWF
Greenpeace
BUND
NABU
Fridays for Future
Indicators for measuring resource consumption
- Regeneration rate (for renewable resources):
Speed and extent of restoration of systemic equilibrium. - Static range (for non-renewable raw materials)
= 𝐶𝑢𝑟𝑟𝑒𝑛𝑡𝑙𝑦 𝑘𝑛𝑜𝑤𝑛 𝑟𝑒𝑠𝑒𝑟𝑣𝑒𝑠 / 𝑠𝑡𝑎𝑡𝑖𝑐𝑎𝑙𝑙𝑦 𝑎𝑠𝑠𝑢𝑚𝑒𝑑 𝑐𝑜𝑛𝑠𝑢𝑚𝑝𝑡𝑖𝑜𝑛
-> Range is always a snapshot
Global Challenges (4)
Population Growth
Resources Depletion
Climate Change
Inequality & Poverty
Explain the most important aspects of the society:
- Human dignity and free development of personality as well as development opportunities
for present and future generations are to be guaranteed - Each member of the society receives benefits from the solidary society
- Each member of society must make a solidary contribution to society according to his or
her ability to perform - Social security systems can only grow in line with economic performance potential
- The existing performance potential should at least be preserved for future generations
Explain the most important aspects of economics (4):
- Taking into account intergenerational and intragenerational equity, the economic system should efficiently satisfy individual and societal needs
- Prices must permanently perform the essential steering function on markets and reflect the scarcity of resources, sinks, etc. as far as possible
- Functioning markets, innovations, long-term orientation of entrepreneurial activity and adaptation to future requirements are to be promoted
- The economic performance of a society and its productive, social and human capital must at least be maintained over time