Sustainability and Green Business Concepts

Vocabulary flashcards for key terms related to sponsorship, environmental practices, carbon accounting, and ethical trade.

Sponsorship

The practice of sponsoring a community event or service in exchange for advertising, marketing, or publicity.

Green Company

A company that adopts business practices aimed at protecting or improving the environment.

Carbon Footprint

The amount of carbon you emit into the atmosphere.

Carbon Offset

The practice of buying carbon credits to offset your carbon footprint.

Non-profit vs for-profit (3 differences)

Nonprofits are legally not allowed to earn a profit; they are tax-exempt; they may have volunteer workers.

Sustainability

Economic development that does not harm society or the environment and preserves resources for future generations.

Ethical Sourcing

Buying from suppliers who provide safe working conditions and respect workers' rights.

Greenwashing

Trying to appear environmentally responsible by overstating one’s commitment; may take small steps or advertise already legally required activities.

Greencrowding

A greenwashing strategy where companies ally with environmental organizations that have big goals, but then do not actually implement those goals.

Fair trade

Trade in which fair prices are paid to producers in developing countries (e.g., coffee, tea, bananas).