Week 10 Flashcards
(10 cards)
What is Social Accounting?
Voluntary process for assessing and communicating an organization’s social, ethical, and environmental impacts.
Why is Social Accounting important?
Improves stakeholder trust, manages risk, enhances transparency and accountability.
What makes Social Accounting effective?
Inclusivity, comparability, completeness, continuous improvement, third-party verification.
What is the Ethical Cultural Learning Approach?
Focuses on dialogue and empowering employees to make ethical decisions.
What is the Triple Bottom Line?
A framework measuring business success through People, Planet, and Profit.
Why did we shift from compensation to regulation?
Regulation prevents harm before it occurs; compensation reacts after damage is done.
What is Sustainable Development?
Meeting present needs without compromising future generations’ ability to meet theirs (Brundtland Report, 1987).
What is Life Cycle Assessment (LCA)?
A method to evaluate environmental impacts of a product from creation to disposal.
Why is LCA important in supply chains?
Identifies “impact hotspots” and helps reduce environmental harm throughout the product’s life.
What is Green Supply Chain Management?
Integrating environmental practices (e.g., reducing waste, emissions) into supply chain operations.
