Chapter 16 Flashcards
(25 cards)
What are the three dimensions of sustainability?
Social
Enviromental
Economic
how can business benefit for a circular economy model?
Reduced costs
resilience
strengthened customer relationships
positive brand
What are the benifits of cradle to cradle approach?
Material health
Material reutilization
renewable energy
Water stewardship
Social Responsibility
what are the steps in a life cycle asssesment?
Defining the goal and scope
Inventory analysis - inputs and outputs
impact assessment - stakeholder impact from collected data
interpretation - findings
what are the four areas of focus for integrating sustainability in the supply chain?
procurement
operations
waste management
Data and communication
what are the things thatgreen marketing promote the messaging of?
climate change and energy
sourcing
production
water
what are examples of greenwashing?
hidden trade off
lack of proof
vagueness
social sustainability
managing operations in a way that positively contributes to the social well-being of the business’s employees, customers, the community in which it operates, and society as a whole
sustainable business
a business that conducts its operations without negatively impacting the environment, community, or society as a whole
environmental sustainability
managing operations in a way that minimizes negative impacts on the natural environment
economic sustainability
managing operations in a way that promotes long-term growth and profitability of the company through responsible and efficient use of resources while minimizing negative impacts on the environment and society
linear economy
a traditional economy that follows the ‘take, make, waste’ model of production, where raw materials are extracted and transformed into products which are used until they are eventually discarded as waste
circular economy
an economic system aimed at eliminating waste and pollution, keeping products and materials in use for longer, and regenerating natural systems
cradle-to-cradle
a design and production approach that emphasizes recycling, renewing, and reusing products with a goal of zero waste
cradle-to-grave
a design and production approach that considers impacts from production of the product, up until the product’s disposal only
biological cycle
a cycle in which all materials, or “nutrients,” can be absorbed back into nature, such as food and natural fibres
technical cycle
a cycle in which all non-toxic and human-made materials (e.g., metals, oil-based plastics, chemicals) can be reused, repaired, or transformed without losing their quality
upcycling
the transformation of waste into materials or products of higher quality
Supply chain sustainability
consideration for the environmental, social, and economic impacts of a product’s journey through the supply chain, from raw materials sourcing to production, storage, delivery, and every transportation link in between
Product stewardship
the act of minimizing the human health, safety, environmental, and social impacts of a product and its packaging throughout all stages of the product life cycle; a responsibility shared by all actors in the supply chain
life cycle assessment
a tool used to assess the potential environmental impacts of a product, process, or service over the product’s entire life cycle
biomimicry
learning from and then emulating nature’s forms, processes, and ecosystems to create more sustainable designs and solve business challenges
extended producer responsibility (EPR)
an environmental policy approach that places physical and/or financial responsibility for the life cycle of the product, including the post-consumer stage, on the producer
