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30 Cards in this Set

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IPAT
Environmental Impact = Population*Affluence (GDP/pop.)*Technology
ISEW
Index of Sustainable Economic Welfare: measures the porportion of economic increase that actually increases quality of life
HDI
Human Developement Index: measure of poverty, literacy, education, life expectancy, childbirth, and other factors for countries worldwide. It is a standard means of measuring well-being, especially child welfare. devoloped or not?
GPI
Genuine Progress Indicator: replacement metric for gross domestic product (GDP) as a metric of economic growth. Unlike GDP it is claimed by its advocates to more reliably distinguish uneconomic growth - almost all advocates of a GDP would accept that some economic growth is very harmful
TLV or LTV
Traditional Labor Theory of Value: manufacture capitol is worth more then natural capitol because of labor input
SD
began in 1987 with Bruntland report: developement that meets the need of today without compromising the abiliy of future generations to meet their own needs
3 parts of SD
renewable; nonrenewable; waste materials
3 objectives
economic (increasing profit); social (empolyment); environmental(resource use vs impact)
what is CO2 ppm pre-industrial vs 2005
280 ppm - 374 ppm
HIPPO
Habitat loss; Invasive species; Pollution; Population growth; over-exploitation
race to the bottom
competition between nations or states (over investment capital, for example) leads to the progressive dismantling of regulatory standards.
DJSI
Dow Jones Sustainibily Index
ISO 14001
most popular of environmental management systems
EMS
Environmental Management Systems
CSR
Corporate Social Responsibility: commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large
externalities
a side effect from one activity which has consequences for another activity, but is not immediately reflected in market prices (air pollution)
CR
Corporate Responsibility: products go beyond marketplace and therfore have a responsibility to help solve social issues
timeline of CSR
pre 1960's - nothing; 1960-80's - regulations established; 1990 - SD announced beginnings of CSR
first generation of CSR
adversarial - "keep your nose clean"
second generation of CSR
adaptation - business opportunities and strategy
third generation
dialogue and mutual solutions - enhance social attractivness, go beyond voluntary measures
benefits of CSR
Operational Savings
Enhanced Reputation (Maintain reputation?!)
Increased ability to recruit, develop and retain staff
Better relations with government
Better anticipation and management of risk
Learning - and innovation
stakeholders
individuls or groups that have interests in business activities
ILO
Interntional Labor Organization, supports CSR
GRI
Global Reporting Initiative; supports CSR
SA8000
Social Accountability International; ethical workplace conditions through global supply chains
ETI
Ethical Trading Initiative Base Code improve implementation of corporate codes on supply chain
AA1000
AccountAbility
ISO
International Standards Organization
OECD
guidelines for multinational organization