Corporate Governance and Sustainability Quiz

A business leader who prioritizes measurable results and a strategic approach to achieve goals.

Quantifiable metrics used to track progress towards sustainability goals and business objectives.

The use of recycled materials in products, such as recycled copper and plastics, to reduce environmental impact.

A consumer who cares deeply about ethical sourcing, fair labor practices, and minimizing environmental harm.

A consumer who is interested in sustainability but also prioritizes functionality, design, and affordability.

The idea that businesses have a responsibility to act in ways that benefit society, not just their shareholders. It considers the impact of their actions on various stakeholders like customers, employees, and the environment.

A corporate leader's obligation to make decisions that align with societal values and goals, beyond just legal and economic demands.

The idea that corporations should be accountable for their impact on society, considering both economic and human values.

A perspective that argues that businesses should focus solely on maximizing profits for their shareholders.

The shift from simply donating money to actively integrating social responsibility into business operations and decision-making.

Individuals or groups who have an interest in a company's actions and who may be affected by its decisions.

The process of a business considering the broader context of its operations, such as environmental impact, social impact, and ethical considerations.

The increasing interconnectedness of economies and societies globally, which influences how CSR is viewed and practiced.

The idea that a company's primary responsibility is to maximize profits for its shareholders. This view prioritizes shareholder interests above all others.

A perspective that recognizes that a business has responsibilities to a wider range of stakeholders, including employees, customers, suppliers, and the community. It acknowledges that these groups contribute to a company's success and deserve to be considered in decision-making.

Groups that have a direct and essential impact on a company's ability to survive, such as employees, shareholders, suppliers, customers, and the local community.

Groups that influence a company's operations but are not directly involved in its core activities, such as media, government, interest groups, labor unions, etc.

The value that a company provides to its stakeholders, including tangible benefits (economic value, remuneration), intangible benefits (training, knowledge), psychological value (satisfaction, belonging), and operational value (knowledge acquisition).

Principles that guide the management and governance of a company in ensuring that the interests of all stakeholders are considered and balanced. This involves creating a system of checks and balances to ensure transparency, accountability, and fairness.

The belief that a company's success is built on strong relationships with its stakeholders. These relationships are vital for creating value and ensuring the company's long-term viability.

The idea that a company's success is determined by its ability to create value for its stakeholders, not just its shareholders. This value may be economic, intangible, psychological, or operational.

A business approach focused on integrating social and environmental considerations into a company's core operations and strategy to create long-term value for both the business and society.

The idea that companies can create value for both their shareholders and society by addressing societal needs.

A framework that measures a company's performance based on its impact on the environment, social issues, and corporate governance.

The integration of corporate social responsibility (CSR) principles into a company's strategic planning and daily operations.

The collaborative approach to addressing global issues, particularly climate change and biodiversity.

The United Nations' framework for achieving a more sustainable future by 2030.

The practice of companies communicating their CSR policies and performance aligned with the UN Sustainable Development Goals.

International financial institutions encouraging companies to adopt and integrate the UN Sustainable Development Goals into their operations.

A type of plastic waste that originates near the ocean, likely to end up in the ocean, but is collected before it reaches the sea.

The goal to use ocean-bound plastics in Dell's supply chain. It involves collecting and repurposing plastic waste from near the ocean.

A non-profit organization working to reduce plastic pollution in the ocean, partnering with Dell on the Ocean Plastics Initiative.

A 4-phase process used by Dell to develop their Ocean Plastics Initiative, starting in 2015.

The first stage of Dell's Ocean Plastics Initiative, focusing on finding locations with considerable ocean-bound plastic.

A pilot program in Haiti where Dell sourced 16,000 pounds of HDPE plastic and shipped it for further processing.

Moving the plastic supply chain to South Asia to capitalize on shorter supply chain lengths and higher waste mismanagement.

Developing a consortium of companies committed to using ocean-bound plastics, aiming to scale up the initiative.

A global network of companies committed to using ocean-bound plastics, spearheaded by Dell.

The risks associated with working with new suppliers in developing countries, including potential child labor and environmental pollution.

Companies are highly risk-averse, avoiding decisions that could compromise their core values or principles, even if it means sacrificing potential profits. This prioritizes ethical considerations and maintaining a positive public image.

Companies strive to find a balance between competing values by considering both ethical and financial considerations. They focus on aligning stakeholder interests to create mutually beneficial outcomes.

Companies confidently embrace calculated risks to invest in bold solutions for growth. These solutions often involve sustainability and ethical practices, aiming to create long-term value for all stakeholders.

The reputation and trustworthiness of a company, based on its perceived ethical conduct, financial stability, and overall positive image. It's essential for attracting investors, partners, and customers.

Financial scandals and wrongdoings that occur despite companies seemingly having legitimate operations and financial reports. These scandals often involve hidden practices and manipulation, leading to significant harm and loss of trust.

Special Purpose Entities (SPEs) are separate legal entities created by companies to hide liabilities or engage in financial transactions in a way that is not easily detectable by investors.

The manipulation of diagnostic test results by Theranos, a company that claimed to revolutionize blood testing. Despite a high valuation and promising claims, the company's technology was found to be unreliable, leading to its downfall.

When a company that appears to be financially healthy and legitimate experiences a significant downturn or collapse due to hidden financial misconducts. These failures highlight the importance of ethical practices and transparency.