Environmental Sustainability and CSR (HSC SSCE Business Studies): Flashcards
📚Flashcards
Practise the cards
10 cards from this deck
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Practise the cards
10 cards from this deck
Environmental sustainability
Environmental sustainability
Using resources today without compromising future generations
Precautionary principle
Precautionary principle
Choosing actions with least environmental harm when uncertain
Carbon footprint
Carbon footprint
Total carbon produced and released from operations processes
Corporate Social Responsibility (CSR)
Corporate Social Responsibility (CSR)
Accountable actions respecting people, community, environment
Triple bottom line three dimensions
Triple bottom line three dimensions
Financial profitability, social impact, environmental impact
Legal compliance vs ethical responsibility
Legal compliance vs ethical responsibility
Meeting minimum legal standards vs voluntarily exceeding them
Outsourcing
Outsourcing
Using third-party specialists for key business functions
International Labour Organisation (ILO)
International Labour Organisation (ILO)
UN agency setting international labour standards
Three aspects of environmental sustainability
Three aspects of environmental sustainability
Renewable use, reduce non-renewable, precautionary principle
Fiduciary
Fiduciary
Person in position of financial trust