Definitions
Complex systems that bring goods from raw material to end product, and involves a large range of actors.
What is a GSC?
The biggest beneficiaries and polluters of global supply chains who have a large amount of influence over them.
What is a MNE?
Unexpected internal and external events that interrupt the smooth flow of goods and materials within a supply chain.
What is supply chain disruption?
Ability of individuals and organizations to influence market practices and drive positive environmental and social change through their buying decisions.
What is purchasing power?
The practice of creating a misleading impression that a company or its products are more environmentally friendly than they really are.
What is greenwashing?
Also known as value chain emissions and represent indirect greenhouse gas emissions that occur outside of a company’s direct operations.
What is Scope 3 Emission?
Taking active responsibility in shaping and improving environmental practices throughout the value chain.
What is MNE stewardship?
A fixed-income financial instrument which is used to fund projects that have positive environmental benefits.
What is a green bond?
Process of evaluating a company's operations and practices to determine their impact on the environment.
What is Auditing (or Third-Party verification)?
A type of technological device that plays a crucial role in sustainability by enabling real-time environmental monitoring and efficient resource management. Can track environmental metrics in real time, offering granular visibility into supplier practices and material flow.
What are IoT sensors?
A company’s voluntary integration of social and environmental concerns into their business operations.
What is CSR?
The theory that firms have obligations not only to shareholders but to everyone affected by their actions.
What is Stakeholder Theory?
Certain directives/guidelines by organizations like the UN and EU that obligate MNEs to identify and address environmental risks in their entire supply chain.
What is sustainability regulatory standards?
Global non-profit organization that runs the world’s leading environmental disclosure system. It helps companies, cities, states, and regions measure, manage, and disclose their environmental impacts.
What is CDP?
An outline provided by the OECD on expectations for how MNEs should operate responsibly, particularly in areas like human rights, labor, environment, and anti-corruption. These guidelines encourage MNEs to conduct due diligence, identify and address potential and actual adverse impacts, and contribute to sustainable development.
What is the OECD Code of Conduct Guideline for MNEs?
An independent international standards organization that helps businesses, governments, and other organizations understand and communicate their impacts on issues such as climate change, human rights, and corruption.
What is GRI?
Companies that do not adhere to environmental and social regulations can face ___ from stakeholders.
Reputational damage or backlash?
Early adoption of sustainability practices can offer enhanced brand reputation, investor appeal, and the ability to shape industry standards.
What is first-mover advantage in sustainability practices?
MNEs investing in helping suppliers understand and implement genuine sustainability practices, especially in developing countries. (Hint: Learning curve)
What is training and capacity building?
What is Forest Stewardship Council (FSC)?
Internationally recognized standard for environmental management systems (EMS).
What is ISO 14001?
A $99.3 million investment announced by Apple to expand renewable energy projects. To reach its goal, the company is investing in clean energy, working with suppliers, and designing lower-carbon products.
A campaign that acted as a turning point in the way brands approach marketing and sustainability by challenging consumerism, resulting in increased sales and building long-term trust. This outcome underscores the effectiveness of aligning brand values with consumer interests.
What is Patagonia's Don't Buy This Jacket campaign?
A digital ledger that records transactions across a network of computers in a manner that ensures security, transparency, and decentralization. Harnessed to create more transparent supply chains, verify the authenticity of eco-friendly products, enable cleaner and more efficient energy trading platforms.
What is Blockchain in GSC sustainability?
The ability to track a product's journey from its origin (raw materials) through its entire lifecycle (production, distribution, use, and disposal/recycling).
What is end-to-end traceability in GSC sustainability?