STRAMA (PL) - H3

Sustainability

It involves business practices that satisfy the needs of the present without compromising the ability of the future generation to meet their own needs.

Sustainability

It involves managing a company’s profit or loss and social and environmental responsibility.

Triple Bottom Line

What is another term for three pillars of sustainability?

Triple Bottom Line

TBL stands for?

Profit

The Economic Pillar is also known as the?

People

The Social Pillar is also known as the?

Planet

The Environmental Pillar is also known as the?

The Economic Pillar (Profit).

This ensures economic efficiency and income for businesses.

The Economic Pillar (Profit).

To become sustainable, a business must be profitable.

The Economic Pillar (Profit).

This pillar of sustainability includes business activities such as compliance, proper governance, and risk management.

The Social Pillar (People).

This ensures the quality of life, safety, and services for citizens.

The Social Pillar (People).

To become sustainable, a business should have the support and approval of its employees, stakeholders, and the community in which it operates.

The Social Pillar (People).

The approaches to securing and maintaining this support boil down to treating employees fairly and being a good neighbor and community member in the local and global arena.

The Environmental Pillar (Planet).

This ensures the availability and quality of natural resources.

The Environmental Pillar (Planet).

To become sustainable, businesses should focus on reducing their carbon footprints, packaging waste, water usage, and overall undesirable environmental impact.

Sustainability

It is seen as the triple-bottom line in which a business enterprise corresponds to its investors.

Better World Books.

This company sells used books and donates a portion of the profits to help fund literacy programs.

Better World Books

This company has raised millions of dollars for literacy programs and created hundreds of jobs while allowing book lovers to purchase books cheaply.

Unilever.

The company aims to reuse 100% of plastic packaging by 2025.

Unilever.

The company is working with its suppliers, NGOs, and business partners to ensure it pledges to use reusable, recyclable, or compostable plastic packaging.

DHL.

This global logistics company commits to reaching zero emissions by 2050 to aid climate protection. Zero emission refers to an engine, motor, process, or energy source that emits no waste products that pollute the environment or disrupt the climate.

Zero emission

It refers to an engine, motor, process, or energy source that emits no waste products that pollute the environment or disrupt the climate.

Patagonia.

This company’s goal is to make quality apparel that does not harm the environment.

Patagonia.

They started producing clothes from recycled plastic bottles in 1993 to help tackle the plastic crisis.

Patagonia.

They also switched to using organic cotton to help lessen toxic pesticides from the growth of cotton.

Coca-cola Company.

This company plans to achieve a major recycling initiative by 2030.

Coca-cola Company.

The company pledged to collect and recycle a bottle or can for everyone sold by 2030.

Apple.

This company has been claiming, to great public acclaim, that it uses 100% renewable energy sources such as solar and wind for many of its power needs, including its data centers.

The North Face.

The second-largest outdoor apparel company manufacturer donates annually to a carbon farm fund it created.

The North Face.

It also uses eco-friendly materials and has set an absolute target to reduce greenhouse emissions from its operations and supply chain.

Google.

They became the first major company to balance absorbing and emitting carbon from the atmosphere and is now the largest corporate renewable energy purchaser on the planet.

Microsoft.

Since 2017, this company has offered digital skills training to learners worldwide to ensure access to technology, skills, and opportunity.

Corporate governance

It pertains to the system of rules, practices, and processes by which a firm is directed and controlled.

Corporate governance

It essentially involves balancing the interests of a company's stakeholders, such as shareholders, management, customers, suppliers, government, and the community.

Goals and risk management.

Corporate governance through the board of directors sets the policies and procedures to effectively meet a company’s short and long-term investment goals while working to manage business risk.

Goals and risk management.

The board of directors oversees the risk involved with each investment opportunity through careful examination of the opportunity's value while forecasting the problem that may occur in the long run.

Goals and risk management.

This allows the company to plan for potential trouble spots and develop strategies to avoid them.

Corporate accountability.

Corporate governance ensures accountability within the board of directors and the company's larger management structure.

Corporate accountability.

This provides a counter-checking system to ensure that certain company procedures and initiatives are being carried out correctly.

Corporate accountability.

It also allows greater mobility in the company in terms of goal or project methods adjustment if, in any case, an investment opportunity produces smaller returns than projected.

Shareholder meetings.

Corporate governance requires shareholders to remain well-informed of the company's financial health and the status of its ongoing business initiatives.

Shareholder meetings.

The board of directors must schedule regular meetings to keep the shareholders informed about the company’s level of profitability, its strategies for achieving goals, and any problems it foresees in the market that may cause them to fall short of meeting those goals.

Shareholder meetings.

Shareholders well-informed of company practices are more likely to trust the board of directors and remain corporate investors than selling company stock.

Government regulations.

Corporate governance ensures transparency concerning corporate government regulations.

Government regulations.

These rules involve required procedures, including regular financial reporting, ethical treatment of workers, safe environmental practices, and handling of hazardous materials.