Lecture 5 & 6 Flashcards
human rights risks to business (7)
- production disruption (e.g due to unions, community opposition, protests)
- reputational risk
- financial risks (investor concerns)
- social license (acceptance by broader society)
- NGO and media relations
- legal
- regulations and standards
human rights opportunities to business (5)
- brand recognition and commercial reward
- reputation
- stakeholder relations
- social license (gain social acceptance from community)
- local community’s “preffered partner”
- guiding principles of the UN guiding principles on business and HR
- PROTECT
- RESPECT
- REMEDY
HR due diligence process (5)
- embed responsible business conduct
- identify and assess adverse impacts (throughout the value chain, based on saliency)
- cease, prevent, or mitigate
- track implementation and results
- communicate how impacts are addressed
3 reasons to follow low levels in global material flow?
- high rates of extraction
- ongoing stock build-up
- low levels of end-of-use
processing and cycling
hierarchy in circularity top 3 most important (highest)
SMARTER DESIGN
1. refuse
2. rethink
3. reduce
hierarchy in circularity medium level (5)
EXTENDING USE
1. reuse
2. repair
3. refurbish
4. re-manufacture
5. repurpose
hierarchy in circularity low level (2)
MAKE IT USEFUL
1. recycle
2. recycle
list the hierarchy in circularity (3 main headings)
- SMARTER DESIGN
- EXTENDING USE
- MAKING IT USEFUL
4 circular revenue models
- Pay per use
- Rental
- Sell-buy-back
- lease
pay per use model
The Producer offers the User a service (use of the productplus
maintenance and repair), who only pays for the USE of this
rental
The User rents a product from the Producer and pays for the
AVAILABILITY of this produc
sell-buy back
The Producer sells a product to the User, and the Producer
GUARANTEES to buy back this product. The User has the OPTIONto
sell the product back.
lease
The Producer or User wants FINANCING by a Leasing company for the
product.
reasons for climate change (2)
- natural (natural climate cycle, change in orbit, fluctuation in sun’s energy, volcanic eruptions)
- human (increase in population, fossil fuels, deforestation, increase in greenhouse gas)
natural reasons for climate change
- earth naturally has a climate cycle
- changes in earth’s orbit
- fluctuations in the Sun’s energy
- volcanic eruptions
human reasons for climate change
- increase in population
- burning fossil fuels
- large scale deforestation
- increase in greenhouse gas
examples of UPSTREAM scope 3 emissions
daily commute of employees
purchase of materials
buildings and equipment
fossil fuel extraction
employee airplane
transportation and distribution
waste
examples of scope 1 emissions (COMPANY)
direct emissions from controlled facilities and operations
-> cobustion of fuels in owned facilities
examples of scope 2 emissions (COMPANY)
indirect emissions from produced energy
-> purchase of electricity and heat in owned facilities
examples of DOWNSTREAM scope 3 emissions
investments in joint ventures, m&a
transportation and distribution
end of life disposal
emissions from franchises
emissions due to selling and usage
impact on business (chabel moussa)
- physical
- economic
- regulatory
- legal
- reputation
- competitiveness
define first order risks on busineses
direct impacts of CC on the company’s infrastructure and operations
examples of first order risks
higher temperatures increases cooling costs for data centers
increase maintenance rate and costs
increase in heat related ilnesses
