Introduction to sustainability Flashcards
(11 cards)
What does CSR stand for ?
Corporate Social Responsability
What is CSR
is a concept whereby companies integrate social and
environmental concerns in their business operations
and in their interaction with their stakeholders on a
voluntary basis.”
Who “invented” the triple bottom line?
John Elkington, 1997
The economic principle requires…
the adequate
production of resources so that society can
maintain a reasonable standard of living
The environmental principle asserts…
that society
protects its environmental resources;
The social principle requires …
that everyone be treated fairly
and equitably.
What are some issues that “sustainability” faces?
- That it is a rather abstract term
- A concept with whom it is difficult to connect
What is the stakeholder engagement?
sharing principles and targets - is a key part of corporate social
responsibility (CSR) and achieving the triple bottom line
What is a shareholder?
- is someone who owns shares (stock) in a company.
- They are part-owners and are mainly interested in profits and the financial performance of the company.
What is a shareholder?
- is anyone affected by or who can affect a company.
- they care more than just profits, like working conditions and ethical practices
ex: employees, customers, suppliers, locals, etc