Lecture 11 - Business, climate change and the Anthropocene

Question 1

How does the dark green and bright green respectively see the market and business? And which perspectives do they have?

Answer 1

Dark
-Market as the problem
-Business as the enemy
-Ecocentric

Bright
-Market as the solution
-Business as an ally
-Technocentric

Question 2

Mention the 4 stages of the Stage Theory and their perspectives on CS

Answer 2

1. Business as usual / compliance
   - The business and its objectives as main reference
2. Business sustainability 1.0 / business centered
   -Be less bad
   -Inside-out perspective
3. Business sustainability 2.0 / systemic
   -Do more good
   -Triple bottom line
   -Broadening of stakeholder perspective
4. Business sustainability 3.0
   -Regenerative
   -Looks beyond growth
   -Outside-in perspective

Question 3

Mention the 2 kinds of view on business sustainability and describe their object

Answer 3

1. Enterprise integration
   -Integrates climate change into pre-existing business considerations
   -Is geared toward present day measures of succes
2. Market transformation
   -Creating shifts to enable new kinds of business practice
   -Will help companies create tomorrows measures
   -Attends to the causes

Question 4

Enterprise integration: What 4 business considerations are driving market responses to climate change?

Answer 4

Drivers:
1)Coercive
-Domestic regulation
-International regulation
-The courts

2)Resource
-Suppliers and buyers
-Banks
-Shareholders and investors
-Insurance companies

3)Market
-Consumers
-Trade associations
-Competitors
-Consultants

4)Social
-Environmental NGOs
-The press
-Religion
-Academia
-The community

Question 5

Enterprise integration: Which 12 frames can describe the business imperative to respond?

Answer 5

1. Regulatory compliance
2. New product development
3. Corporate reputation
4. Internal culture /employee retention
5. Consumer demand
6. Cost of capital
7. Insurance risk management
8. Operational efficiency
9. Resource availability
10. Disaster preparedness
11. Supply chain logistics
12. Strategic direction

Question 6

What are 3 important factors of the Market transformation process?

Answer 6

1. Redefining the purpose of the corporation
2. Redefining the government-market relationship
3. Adjusting metrics and methods

Question 7

What 2 things are required for creating more sustainability?

Answer 7

1. Developing new business models
2. Asking new questions