Brainscape's Knowledge GenomeTM


Top Flashcards (Certified)
All Flashcards

BU121 > Final Exam - ESG > Flashcards

Final Exam - ESG Flashcards

(52 cards)

Start Studying
1
Q

whats ESG

A

a set of practices and metrics used to evaluate a company’s impact in 3 areas

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

E

A

energy use
greenhouse gases
water use
pollution
waste
materials

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

S

A

labour practices
human rights
employee health and well being
diversity
equity/inclusion
impact on community and customers

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

G

A

companys management and decision making processes
internal controls/audits
board gov. oversight
executive pay
shareholder rights
transparency

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

ESG impact on businesses

A
  • allows businesses to be evaluated on factors other than just financial performance
  • incorporates financial and non financial issues involved in managing business more holistically, comprehensively, long term
  • acknowledges that business relies on society and environment
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

whos evaluating business ESg

A

external - investors/lenders/financial market, employees, government, suppliers, customers
internal - management

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

planetary boundaries

A

limits within which humanity can safely operate to avoid environmental collapse

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

science based targets

A

emissions goals backed by climate science

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

just transition

A

a fair shift to sustainable energy, protecting jobs and communities

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

sustainability

A

meeting todays needs without compromising future generations

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

sustainable development

A

economic growth that also protects the environment and social well being

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

green financing

A

investment in environmentally beneficial projects

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

grey financing

A

investments in projects harmful to the environment (ex. fossil fuels)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

greenwashing

A

misleading claims that make something appear more ecofriendly than it is

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

greenhushing

A

intentionally hiding or downplaying sustainability efforts to avoid critisism

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

carbon neutral

A

any co2 released into the atmosphere from a company’s activities is balanced by an equivalent amount being removed

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

net zero carbon emissions (net zero)

A

activity that releases no carbon emissions into the atmosphere

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

nature positive

A

actions that restore and regenerate ecosystems beyond reducing harm

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

decarbonization

A

reducing carbon emissions across operations and value chains

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

adaptation

A

adjusting to the effects of climate change

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

mitigation

Study These Flashcards
A

actions to reduce or prevent climate change (ex. using renewable energy)

22
Q

When considering adaptation and mitigation strategies, a useful analogy is to think of adaptation as ____________ and mitigation as ____________.

Study These Flashcards
A

defense, offense.

23
Q

key takeaways of ESG movement

Study These Flashcards
A

theres been a shift from treating esg as a csr to treating it as a essential core business strategy
pre 1750s: indigenous ppls practiced sustainability through natural law and stewardship
1760s-1940s: industrialization embraces ‘take-make-waste’ and ignored ecological limits
1980s: UN and world bank integrated sustainable development into global strategies
1990s: global climate coorperation emerged
2000s-2010s: esg terminology formalized, financial markets began measuring sustainability
2020s: covid, racial justice, climate events accelerated esg as mainstream priority

24
Q

we went from an empty world with an abundance of resources to a full world with increasing scarcity of resources. Identify and describe three (3) contributors to this shift.

Study These Flashcards
A

Technology advances used in industrial revolution were dependent on fossil fuels and other raw materials

Massive production and consumption

Economic and population growth

25
Identify and describe the high-level shift in management thinking
- shift from pre to post industrial revolution - from assuming limitless resources to acknowledging planetary boundaries - from optional csr to core strategies and risk management
26
Identify and describe how the role of Indigenous Peoples has changed
- indigenous knowledge understood that human systems are part of and must remain in balance with ecosystems - their practices were ignored during industrial development - now being recognized as essential
27
how can a company move forward in its esg goals
- build esg into their strategy, not just marketing or csr - measure progress with transparent, standardized metrics - engage with stakeholders including employees, communities and indigenous ppls - lead with purpose, act on issues that align with values
28
whats True ESG strategy
how a company makes its money, not what it does with it
29
4 principles managers need to use
commit - take bold, long term stances commercialize - make esg part of core value proposition get uncomfortable - challenge status quo, take responsability cooperate - work across sectors, gov., cultures
30
impact social issues have
impact customer trust and loyalty investor confidence employee satusfaction
31
why people work
traditional: pay cheques, benefits, security current: belonging, meaning, purpose, self actualization
32
why the shift (why people work)
- loyalty increased on both sides - employee burnout - pandemic increased loneliness
33
where poeple work
- most poeple prefer hybrid - managers prefer hybrid
34
why the shift (where people work)
- internet - pandemic - managers want hybrid
35
how people work
traditional: mon-fri, 9-5, no contact during work hours current: always 'on', work with ai, no 'one size fits all'
36
why the shift (how people work)
- pandemic - demographic shift - technology
37
how can companies make progress in DEI (diversity, equity, inclusion)
they must go beyond quotas, create cultures of inclusion
38
4 freedoms of workers flourishing
1. freedom to be: authenticity to be (ex. inclusive dress codes) 2. freedom to become: growth opportunities (ex. mentorship, training) 3. freedom to fail: safe to make mistakes and learn (ex. psychological safety) 4. freedom to fade: avoid burnout (ex. quiet spaces, rest)
39
impact of governance issues
ineffective governance leads to breaches in a companies ability to meet e and s
40
governance factors
Business ethics Board composition Corporate leadership Risk and crisis management Resource allocation Incentive structures Political responsibility Transparency Anti-corruption and integrity Tax strategy Fair competitive practices Stakeholder engagement Supply/value chain management
41
business ethics
Purpose, values, culture Integrity beyond compliance ESG integration Pursuit of and reporting on KPIs
42
board composition
Who’s on the board — are they diverse and skilled Competencies Diversity Structure, committees Oversight capacity Independence
43
corporate leadership
Tone, knowledge, experience Power allocation, compensation Decision-making processes Independence and empowerment of compliance function
44
risk and crisis management
Preparedness, mitigation, past performance Regulatory compliance Segregation of duties Audit independence Shareholder rights Information governance Cybersecurity
45
resource allocation
how a company decides to use its money, people, and time.
46
incentive structures
Compensation and promotion Reporting structures Defined prohibited misconduct Disciplinary measures
47
political responsability
Are they honest about lobbying or donations Lobbying Amicus briefs Campaign finance Political contributions
48
transparency
Are they open about how they run things Ownership, subsidiaries/holdings Open contracting Lobbying Charitable donations Countries of operation Verifiability of disclosures
49
anti corruption and integrity
making sure the company is honest, ethical, and doesn’t do shady stuff. Training and communications Whistle-blower protocols Due diligence Risk assessments Government relations Gifts and entertainment Conflicts of interest Remuneration and payment procedures Record-keeping Financial controls Reporting and accounting Contractual obligations Public commitments Past incidents Internal investigation and remediation
50
tax strategy
Are they paying taxes fairly or finding sneaky loopholes Tax compliance Anti-tax avoidance Tax disclosures
51
stakeholder engagement
Do they listen to people affected by their decisions
52
supply/value chain management
ESG integration, transparency, contractual obligations, countries of operation

BU121 (10 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2025 Bold Learning Solutions. Terms and Conditions