sustainable development PRELIM

sustainable development

how we must live today if we want a better tomorrow, by meeting present needs without compromoising the chances of future generations to meet their needs

economy

social development

environment

three dimensions of sustainable development

environmental, social, and governance

a framework used to assess an organization’s business practices and performance on various sustainability and ethical issues

also provides a way to measure business risks and opportunities in those areas

climate change and carbon emissions

water scarcity and pollution

waste management

labor and human rights

diversity and inclusion

data privacy and cybersecurity

corporate governance and ethics

supply chain management

8 common ESG problems

people

planet

prosperity

peace

partnership

5 ps of sustainable development

people

we are determined to end poverty and hunger in all of ther forms and dimensions, and to ensure that all human beings can fulfill their potential in dignity and equality in a healthy environment

planet

we are determined to protect the planet from degradation, including through sustainable consumption and production, sustainably managing its natural resources and taking urgent action on climate change, so that it can support the needs of the present and future generations

prosperity

we are determined to ensure that all human beings can enjoy prosperous and fulfilling lives and that economic, social and technological progress occurs in harmony with nature

peace

we are determined to foster peaceful, just and inclusive societies which are free from fear or violence. there can be no sustainable development without peace and no peace without sustainable development

partnership

we are determined to mobilize the means required to implement this agenda through a revitalized global partnership for sustainable development. based on a spirit of strengthened global solidarity., focused in particular on the needs of the poorest and most vulnerable and with the participation of all countries, all stakeholders and all people

economic growth

the increase int he market value of goods and services produced by an economy over time

economic development

multifaceted. involves major changes in social structures, popular attitudes and national instutitions, as well as the acceleration of economic growth the reduction of inequality, and the eradication of poverty

TRUE

economic development will not be possible without growth, yet there can be growth without development

sustainability

meeting the needs of the present without compromising the ability of future generations to meet their own needs

to distinguish themselves form their competitors with new products

others are triggered by increased resource and energy costs

others are triggered by the sustainable purchasing policies of governments and corporate customers

threatened by the regulation or pressure from important stakeholders like employees and financiers

corporations adopt sustainability because

financial management

marketing and sales

HRM policy

Purchasing policy and supply management

Operations management

Reputation management

Innovation

General management and Strategic management

benefits from sustainability

classic business case

defensive

strategic

societal

four types of business case for sustainability

proactive phase

aims to take shared responsibility for solving societal problems

no poverty

zero hunger

good health and wellbeing

quality education

gender equality

clean water and sanitation

affordable and clean energy

decent work and economic growth

industry, innovation, and infrastructure

reduced inequalities

sustainable cities and communities

responsible consumption and production

climate action

life below water

life and land

peace justice and strong institutions

partnerships for the goals

sustainable development goals list

the new sustainability framework

Volatille, uncertain, complex, ambiguous (VUCA)

hampers the way organizations, leaders, people can make decisions, plan forward, manage risks and foster change

transformative

aim at root causes of systematic or wicked problems

connected

know that transitions ot inclusiveness or societal challenges can only be achieved in partnerships

transformative

connected

leaders have a vision and address grand challenges by:

sustainability reporting

public reports by companies to provide internal and extreenal stakeholders with a picture of corporate position and activities on economic, environmental and social dimensions. attempt to describe the company’s contribution toward sustainable development

the practice of measuring, disclosing and being accountable for organizational performance towards the goal of sustainable development

strategic level

operational level

implementation

types of information included in a sustainability report

strategic management model

stakeholders

individuals or groups that are affected directly or indirectly by the company actions and effect company activities and decisions

inactive phase

reactive phase

active phase

proactive phase

the 4 phase approach to sustainability

inactive phase

company in this phase are internally oriented and aim to avoid liability

reactive phase

companies in this phase have a reactive attitude to external stakeholders, in which they primarily aim to avoid liability

active phase

companies in this phase have an active, internally oriented attitude; they take responsibility for societal issues

proactive phase

companies in this phase are externally oriented and aim to take shared responsibility for solving societal problems.

significance of an organization’s economic, environmental and social impacts

substantive influence on the assessments and decisions of stakeholders

substantive effect on the organization’s abillity to create value over the short, medium and long term

determining materiality

objective and scope

identification and categorization of sustainablity issues

stakeholder engagement

prioritization

process review

suggested materiality assessment process

comply or explain

companies would be requried to attach the template to their annual reports but they can provide explanations for items where they still ahve no available data on