Auditing
Ecological Footprint
Sustainability Reporting
Managerial Approach
Companies in Practice
100
In which decade did the environment become a major subject of public and political concern?
1970's
100
What is an example of a company cost that may have an environmental element, but wouldn't be shown as such on financial statements?
Costs/benefits of recycling Costs of compliance
100
Based on the company’s home country, this company would be more likely to produce a Sustainability Report: Haier (China), GM(USA), or BMW (Germany).
BMW
100
The Exploitation approach operates under the idea that natural resources have no value until ______________ inputs are added.
Labor
100
Microsoft uses this kind of power to reduce energy usage at its datacenters around the country.
hydropower
200
Analysts have calculated that approximately 25% of their company’s ________ is linked to issues relating to sustainable development.
Reputation
200
_______ is measured as the amount of productive land and water required to sustain human life.
Biological Capacity
200
These groups caused the increase of Sustainability Reporting in recent years.
NGO’s (Non-Government Organizations)
200
In the Exploitation approach, _________ is viewed as the scare resource, not the environment
Labor again
200
Accounting firms are reducing their carbon footprint by conducting ________ audits
Paperless audits
300
What is one reason why companies may not want to audit their environmental performance?
Governments do not require it requires increase in manpower and costs legal vulnerability and stakeholder anger difficult to value the environment
300
How many plant Earths was required to sustain the rate of resource use in 2006?
1.4 Earths
300
What are two reasons why Sustainability Reports must be scrutinized and not taken at face value?
Usually prepared by the company, prepared by someone with something to gain by saying they are doing a good job hard to measure used more as PR than fact.
300
While most approaches imply humans decide what is best for nature, the Extentionist-Preservationlism approach argues that only ________ knows what is best for nature.
Nature
300
Toyota has partnerships with which two California colleges to further the development of plug-in hybrids.
UC Irvine and UC Berkeley.
400
What is a focus or key aspect that the sustainability audits measure performance of?
Energy/Waste More sophisticated - production, environmental policies, transportation of raw materials, fabrication of products, distribution, waste recovery, related operations.
400
Name 1 type of non-renewable environmental capital, and 1 type of renewable capital.
Non-renewable - fossil fuels, ozone layer, etc Renewable - wind and solar energy
400
Reasons for a company to issue sustainability reports are to gain a ________________ and to improve their image with their stakeholders.
Competitive Advantage
400
This approach encourages the use of including environmental factors in Cost-Benefit Analysis.
Conservationism
400
Name three initiatives that the 2 major accounting firms covered are doing to support the environment
PriceWaterhouseCoopers - Appointed global advisors to the Carbon Disclosure Project - Head sponsor of the UN World Environmental Day 2008 - Measuring and managing their own carbon footprint Ernst and Young - Measuring and managing their own carbon footprint (including transportation) - Setting goals for sustainability in internal processes - Establishing comprehensive waste management plans
500
What is a reason why companies would want to do sustainability auditing?
Government regulation and resulting legal liability/fines, negative public reaction real and potential customer or special interest group reaction desire to be an ISO 14000/1 registrant, attempts to market ethical/environmental advantage, etc
500
Why is it so difficult to analyze activities for their environmental impact?
Lack of understanding Lack of motivation ETC ETC
500
Based on each company’s industry, this company would be more likely to issue a Sustainability Report: Caterpillar, GEICO, or Sports Illustrated
Caterpillar
500
The Naturalist-Preservationalism Approach advocates a two-step process to conducting business in a green-friendly way. The first step is to ________________________, the second step is to examine techniques that yield the best economical results.
Examine the enviornmental constraints
500
Best Buy launched this program in 2009 to bring together different groups to work on making consumers more cognizant of energy efficient products, and to get them to purchase them.
Greener Together
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