Module 12 - Social Responsibility and Sustainability Vocabulary

Flashcards covering the key vocabulary terms from the lecture notes about social responsibility, sustainability, and related concepts in supply chain management.

Social Responsibility

Valuing legal/ethical behavior, sustainability, and community commitment.

ESG (Environmental, Social, and Governance)

A business approach focused on ethics and social consciousness.

Links between SCM and social responsibility

Eliminate waste, ensure legal/ethical practices, improve quality of life.

Reasons to be socially responsible

Avoid fines, improve brand image, lower costs, reduce supply chain risks.

Due Diligence

Researching and evaluating current/potential partners for risk.

Supplier Code of Conduct

A document outlining rules and standards suppliers must follow.

Manufacturing Compliance

When business practices meet required regulations.

Manufacturing Audit

Examining contractors to ensure regulation compliance.

Fair Trade

Ensuring suppliers are paid fairly for goods/services.

SA8000

A certification for socially responsible workplace practices.

Whistleblower Program

Programs allowing employees to report unethical practices safely.

Sustainability

Meeting current needs without compromising future generations.

Closed Loop Supply Chain

A circular design where inputs can be reused or decompose.

Triple Bottom Line

The three P’s People, Planet, Profit. Considering economic, environmental, and social outcomes in decisions.

Life Cycle Assessment

Measuring the environmental impact of every stage in a product's life.

Sustainability Consortium (TSC)

Organization focused on improving product sustainability.

SASB

An organization developing ESG measurement standards by industry. Sustainability Accounting Standards Board

Carbon Footprint

Measure of greenhouse gases generated by an organization.

Carbon Neutral

Emitting and absorbing equal amounts of carbon.

ISO 14000

A series of certifications for sustainable business practices.