Chapter 4: Sustainability challenge Flashcards
(46 cards)
What is sustainable management?
Management that sustains and balances social, environmental and economic capital in the short, medium and long run.
What is sustainable development?
development that meets needs of present without compromising needs of future generations
What is the triple bottom line?
refers to combined social, environmental and economic impacts.
What does the Doughnut model for economic development suggest?
suggest that there are two fundamental aspects to achieving sustainable development: Sustainability builds on social foundation of minimum human and humane needs that need to be fulfilled while staying inside ecological ceiling.
Which two problems should be avoided at all costs according to the Doughnut model for economic development?
- Social shortfalls: repairing current shortfall in fulfilling human needs and redistribute fulfilment more evenly
- Environmental overshoot: stop overshoot in terms of using too much natural resources
What is a footprint?
sum of one or more types of environmental, social and economic impacts for one pre-defined entity. Specific type of footprint measure relationship between entity’s resource usage and planetary resource production.
What is sustainability?
degree to which a situation will maintain environmental, social and economic capital.
What are the three categories of footprint measure?
- Sustainable: usage and reproduction are equal
- Restorative: usage is smaller than reproduction
- Unsustainable: usage is larger than reproduction
Name the five classifications of triple bottom line management
- Below-average sustainable management
- Average-unsustainable management
- Sustainable management
- Neutral impact management
- Restorative management
What is triple bottom line management?
Management type that comprises practices influencing environmental, social and economic bottom lines in order to reach neutral or positive triple bottom line.
What is below-management unstustainable management?
negative net-triple bottom line impact, below those of similar peers
What is sustainable management?
small net negative triple bottom line impact that doesn’t exceed planetary restorative capacity
What is average-unsustainable management?
net negative triple bottom line impact that corresponds to normal impact of similar peers
What is neutral impact management?
neutral net triple bottom line
What is a life-cycle impact inventory made up of?
- Environmental life-cycle assessment
- Life-cycle costing (economic impact)
- Social life-cycle assessment
What is a life-cycle assessment?
practice of mapping out environmental, social and economic impacts along the stages of production, use, and the end-of-useful life of a product.
What is an impact?
negative or positive environmental, social or economic value created.
What is restorative management?
net positive triple bottom line impact, replenishes at least one type of capital without depleting another one.
You cannot compensate a negative impact in one dimension of 3BL by another
What is a life-cycle impact inventory?
extensive list of a company’s impacts resulting from a life-cycle assessment, summing up impacts of a business along with all products and services in its portfolio
What are the principles of sustainable development?
- Sustainable development
- Three types of capital
- Triple bottom line
- Unsustainabel management has negative 3BLm sustainable management is neutral, restorative management has positive 3BL.
- Sustainable management is process of managing to ensure neutral or positive 3BL
- Process of sustainable management is based on product life-cycle impact assessment and can be divided in impact assessment and impact management
- Life-cycle impact management: measures all types of impacts in all stages of life-cycle
- Stages of life-cycle impact are 1) goal and scope, 2) life-cycle inventory, 3) life-cycle impact assessment and 4) life-cycle interpretation
What are the three pillars of impact management?
- Optimize triple bottom line: move towards sustainability
- Eliminate waste in whatever form
- Scale sustainable management practices to have a larger impact. Grow activities and inspire others.
What are the steps in a life-cycle assessment?
- Defining goal and scope: develop understanding of why LCA is conducted.
- Life-cycle inventory: quantifies inputs and outputs of the product’s life-cycle.
- Life-cycle impact assessment: to evaluate the significance of impacts listed in inventory and organize them for analysis and management purposes.
- Life-cycle interpretation: connecting elements between life-cycle assessment and impact management.
What are the five phases in the Kuznets curve?
- Economically underdeveloped
2, Economically developing - Economically developed
- Sustainably developing
- Sustainably developed
What is Kuznets curve?
Kuznets curve helps understand the effects of future economic development and wealth inequalities and shows that environmental degradation and income inequality is going to rise and fall.