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Sustainable Business Practices
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Flashcards
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Triple Bottom Line
Considers social, environmental, and financial impacts, balancing profit with societal benefits.
Green Procurement
Purchasing goods and services that have a reduced environmental impact over their life cycle.
Telecommuting Policies
Reduces need for office resources and commuting, lowering carbon footprint and improving work-life balance.
Energy-Efficient Operations
Using technology and practices that reduce energy consumption, leading to cost savings and lower emissions.
Sustainable Packaging
Utilizing materials and designs that are environmentally friendly through reduced waste and recyclability.
Corporate Social Responsibility (CSR)
A self-regulating business model where companies become socially accountable to stakeholders and the public.
Ethical Supply Chain Management
Ensuring fair labor practices and environmental standards throughout the supply chain.
Renewable Energy Investment
Allocating funds towards renewable energy sources, which leads to reduced greenhouse gas emissions.
Employee Wellness Programs
Promoting health and well-being among employees, reducing healthcare costs and improving productivity.
Waste Reduction Initiatives
Implementing practices to minimize waste output through reduction, reuse, and recycling strategies.
Water Conservation Measures
Adopting technologies and practices that reduce water usage, preserving natural resources.
Green Building Design
Constructing or retrofitting buildings to meet environmental standards for energy and water efficiency.
Sustainable Investing
Focusing on investments that generate social and environmental benefits alongside financial return.
Local Sourcing
Purchasing from nearby suppliers to reduce transportation emissions and support the local economy.
Diversity and Inclusion Programs
Creating a more diverse workforce and inclusive workplace culture, which can drive innovation and employee satisfaction.
Product Life Cycle Assessment
Evaluating the environmental impact of a product throughout its entire life cycle to improve sustainability.
Carbon Offset Programs
Compensating for carbon emissions by funding equivalent carbon dioxide savings elsewhere, such as reforestation.
Sustainable Product Development
Designing products with environmental considerations from the start to reduce their ecological impact.
Community Outreach and Engagement
Interacting with the local community to address social issues and build brand advocacy.
Biodiversity Conservation
Preserving natural habitats and species through responsible business operations and conservation efforts.
Transparency and Reporting
Publicly disclosing business practices and sustainability metrics to stakeholders.
Stakeholder Engagement
Involving stakeholders in decision-making processes, ensuring that business practices align with societal values.
Responsible Marketing
Marketing products in an ethical way that considers societal impacts and avoids greenwashing.
Eco-Innovation
Developing new products or processes that contribute to sustainability, often providing a competitive advantage.
Environmentally Preferable Purchasing (EPP)
Buying products or services that have a lesser or reduced effect on human health and the environment compared to other products or services that serve the same purpose.
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