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40 Cards in this Set
- Front
- Back
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Introduce policies that consider environmental, societal and financial impacts in their decision making |
Corporate Social Responsbility |
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Meeting the needs of the present without compromising the ability of future generations to meet their needs |
Sustainability |
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Involves thinking not only about environmental resources but also about employees, customer community and the company's reputation |
True Sustainability |
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3 concepts of sustainability decisions |
*Systems View *Commons *Triple Bottom Line |
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Looking at a products life from design to disposal including all the resources required |
Systems View |
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Managers need to understand the inputs and interfaces between the interacting systems and identify how changes in one system affect others |
Systems View |
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*Moving some of the common to private property *Allocating of rights *Regulation |
Commons |
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Triple Bottom Line |
People Planet Profit |
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Companies are becoming aware if how their decisions affect people-- not only their employees and customers but also the community where they operate |
People |
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Evaluate safety in the work environment |
Supplier selection and criteria |
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Uncover any harmful business practices that are counter to their sustainability goals and objectives |
Supplier Audits |
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Look for ways to reduce the environmental impact of their operations, whether from raw material selection, process innovation, alternative product delivery methods or disposal of products at their end-life |
Planet |
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Objective is to conserve scarce resources thereby reducing variation he negative impact on the environment |
Planet |
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Measure of the total greenhouse gas emissions caused directly and indirectly by an organization, a product an event or a person |
Carbon Footprint |
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How companies remain in business |
Economic sustainability |
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Staying in business requires making investment, and investments require in making profits |
Economic sustainability |
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Alternative measures that point out to a successful business |
Risk profile Intellectual property Employee morale Company valuation |
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Include brand equity, management talent, human capital development, productivity, philanthropy and taxes paid |
Social accounting |
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Evaluates the environmental impact of a product from raw materials and energy inputs all the way to the disposal of the product at its end of life |
Life cycle assessment |
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Goal is to make decisions that help reduce the environmental impact of a product throughout its entire life |
Life cycle assessment |
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Most critical phase in a product life cycle assessment |
Product design |
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Incorporate a systems view in the product or service that lowers the environmental impact |
Product design |
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Reduce waste and energy costs at the supplier, in the logistics system and for the end user |
Product design |
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Reuse and recycle |
Product design stage |
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Analyze the amount of revenue that might be reclaimed against the cost of disposing the product at its end of life |
Product design team |
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Manufacturers look for ways to reduce the amount of resources in the production process to reduce environmental impact |
Production process |
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As products move along in the supply chain, managers strive to achieve efficient route and delivery networks just as they seek to drive down operating costs thus, reduces environmental impact |
Logistics |
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Helps firms worldwide optimize elaborate supply chain and distribution networks |
Management Analytics |
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Evaluate equipment alternatives taking into account cost, payback period and the firms stated environmental objectives |
Logistics efficiency |
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Managers need to consider what happens to a product or its materials after the product reaches it end of life stage |
End of life phase |
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Closed-Loop supply is also known as |
Reverse logistics |
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Supply chains that consider toward and reverse product flows over the entire life cycle |
Closed-Loop supply |
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Regulations and industry standards ( important factors in operational decisions) |
Government Industry standards Company policies |
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Own set of regulatory agencies providing guidance and standards of operations |
Mfg. And assembly activities |
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Regulations and industry standards |
Product design Mfg. And assembly activities Disassembly and disposal of hazardous products |
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Combat climate change Key tool for reducing industrial greenhouse gas emissions in the EU |
European Union Emissions Trading Systems |
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Works on the cap and trade principle (CAP limit on the total amount of greenhouse gases that can be emitted by factories, power plants and airlines in EU airspaces) |
European Union Emissions Trading Systems |
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Series of environmental management standards that contain 5 core elements |
ISO 14000 (international organization for Standardization) |
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5 core elements of ISO |
Environmental management Auditing Performance evaluation Labeling Life cycle assessment |
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Address environmental management systems, gives guidance to companies to minimize harmful effect on the environment caused by their activities |
ISO 14001 |
