Corporate Sustainability and Global Frameworks

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Questions and Answers

What aspects do the ratings evaluate for publicly traded companies?

  • Financial performance, governance practices, and market share
  • Product quality, employee satisfaction, and regulatory compliance
  • Customer service, profit margins, and public relations
  • Environmental, social, and governance performance (correct)

Which of the following is NOT one of the principles encouraged by the UNGC?

  • Labor standards
  • Anti-corruption efforts
  • Market expansion (correct)
  • Human rights

Which organizational framework is primarily focused on environmental management?

  • ISO 45001
  • ISO 26000
  • ISO 9001
  • ISO 14001 (correct)

Which of these countries is mentioned as implementing regional frameworks for sustainability?

<p>Australia (B)</p> Signup and view all the answers

What is the primary purpose of the rating scores according to the information provided?

<p>To inform investors (B)</p> Signup and view all the answers

Which of the following is NOT an international guideline or convention on corporate sustainability?

<p>ISO 14001 (D)</p> Signup and view all the answers

What is the purpose of the UN Global Compact?

<p>To encourage businesses to adopt sustainable and socially responsible policies (A)</p> Signup and view all the answers

Which of the following sets specific expectations for corporate behavior in relation to human rights?

<p>UN Principles on Business and Human Rights (D)</p> Signup and view all the answers

The United Nations Sustainable Development Goals primarily focus on which of the following?

<p>Addressing global challenges including poverty and inequality (C)</p> Signup and view all the answers

What do international conventions and guidelines regarding corporate sustainability typically include?

<p>Requirements and expectations for corporate social responsibility (B)</p> Signup and view all the answers

What is the first topic scheduled for Day 5 of the Sustainability Management course?

<p>Mission, vision, strategy, and sustainability (C)</p> Signup and view all the answers

At what time does the break occur after the session on implementing sustainability?

<p>11:30 AM (C)</p> Signup and view all the answers

How long is the lunch break scheduled for Day 5?

<p>60 minutes (C)</p> Signup and view all the answers

Which session follows the break scheduled at 14:00?

<p>Plan Do Check Act, Additions on sustainability legislation (B)</p> Signup and view all the answers

What is one of the topics included in the final hours of Day 5?

<p>Exam preparation (C)</p> Signup and view all the answers

What is indicated about the slides used during the training?

<p>Slides may contain information on exam questions (C)</p> Signup and view all the answers

What is a key characteristic of a stakeholder dialogue?

<p>It is structured but not recurring. (B)</p> Signup and view all the answers

What type of break occurs after the session titled 'Mission, vision, strategy, and sustainability'?

<p>Short break (C)</p> Signup and view all the answers

What is included in the agenda for Day 5 that is focused on improving sustainability?

<p>Measure and improve sustainability performance (A)</p> Signup and view all the answers

Which of the following is NOT a purpose of stakeholder dialogue?

<p>Building administrative hierarchies. (B)</p> Signup and view all the answers

Who should ideally lead a stakeholder dialogue?

<p>High-ranking representatives from both sides (C)</p> Signup and view all the answers

What role does an independent third party play in a stakeholder dialogue?

<p>They moderate the conversation. (C)</p> Signup and view all the answers

Which is a benefit of engaging in stakeholder dialogue?

<p>To gain insights into stakeholder know-how. (B)</p> Signup and view all the answers

How can stakeholder dialogue help prevent conflicts?

<p>By identifying potential concerns beforehand. (A)</p> Signup and view all the answers

What is essential for an organization to be considered sustainable?

<p>Balancing value creation for stakeholders. (B)</p> Signup and view all the answers

What is a common misconception about stakeholder dialogue?

<p>It should be scheduled regularly. (A)</p> Signup and view all the answers

What concept is often linked to the origins of the term 'sustainability'?

<p>A German forestry concept (B)</p> Signup and view all the answers

What does sustainable development aim to achieve according to the Brundtland Report?

<p>Meet present needs while ensuring future generations can also meet theirs (D)</p> Signup and view all the answers

Who wrote 'Sylvicultura oeconomica', which relates to sustainable forestry practices?

<p>Hans Carl von Carlowitz (D)</p> Signup and view all the answers

What significant report was published in 1972 that contributed to the discussion of sustainability?

<p>The Limits to Growth (A)</p> Signup and view all the answers

In terms of the definition of sustainability, which aspect is emphasized?

<p>Sustainability affects all areas of life and economies (D)</p> Signup and view all the answers

What was one of the early forestry regulations related to sustainability that dates back to 1560?

<p>Only as much wood should be felled as can grow back (D)</p> Signup and view all the answers

According to the Brundtland definition, what is a core principle of sustainable development?

<p>To not compromise future generations' opportunities (C)</p> Signup and view all the answers

Which group is highlighted as responsible for addressing sustainability challenges?

<p>Society as a whole (A)</p> Signup and view all the answers

What is a crucial aspect that must be met to ensure effective stakeholder dialogue?

<p>Stakeholders receive all necessary information (D)</p> Signup and view all the answers

Which step is NOT included in the process steps of a stakeholder dialogue?

<p>Disruption (A)</p> Signup and view all the answers

Why is feedback from outside stakeholders important?

<p>It enhances the perception of occupational health and safety (A)</p> Signup and view all the answers

What is the first step in the process of a stakeholder dialogue?

<p>Set goals (C)</p> Signup and view all the answers

How should participants be involved in the stakeholder dialogue process?

<p>They should be invited after the agenda is set (B)</p> Signup and view all the answers

Flashcards

Sustainability

The ability to meet present needs without compromising future generations' ability to meet theirs.

Origins of Sustainability

The idea originates from a German forestry concept advocating for sustainable wood harvesting.

Hans Carl von Carlowitz

A key figure who wrote about sustainable forestry in 1713.

Brundtland Report

A 1987 report defining sustainable development for current and future needs.

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Sustainable Development

Development that satisfies current needs without jeopardizing future generations' needs.

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Limits to Growth

A 1972 report addressing the consequences of unchecked growth on Earth’s resources.

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Forestry Regulations of Saxony

Historical rules from 1560 guiding sustainable timber production in Saxony.

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Societal Task of Sustainability

Sustainability is a collective responsibility across all sectors of society.

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International Conventions

Agreements between countries that outline commitments to sustainability.

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UN Sustainable Development Goals

A set of 17 global goals set by the UN to address pressing global challenges.

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UN Global Compact

A voluntary initiative based on CEO commitments to implement universal sustainability principles.

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UN Principles on Business and Human Rights

A framework outlining responsibilities of businesses to respect human rights.

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Corporate Sustainability

Business practices that create long-term shareholder and societal value.

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Stakeholder Dialogue

A process for engaging stakeholders to discuss and manage interests.

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Process Steps of Stakeholder Dialog

Stages include concept, preparation, organization, execution, and analysis.

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Setting Goals

Determining objectives for the stakeholder dialogue process.

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Preparation Phase

Includes elaborating topics and setting agenda for the dialogue.

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Execution Phase

Conducting the actual dialogue and engaging participants.

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Environmental, Social, and Governance (ESG)

A set of criteria used to evaluate a company's performance on sustainability and ethical impact.

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CSRD

Corporate Sustainability Reporting Directive; EU legislation requiring companies to disclose ESG performance.

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UNGC

United Nations Global Compact; an initiative promoting ten principles on human rights, labor, environment, and anti-corruption.

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ISO Standards

International standards ensuring quality and consistency in various industries, including social responsibility and environmental management.

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Sustainability Reporting Guidelines

Frameworks and standards guiding companies in disclosing their environmental and social impacts.

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Purpose of Stakeholder Dialogue

Identifies stakeholder concerns, opportunities for influence, and promotes understanding and trust.

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Participants of Stakeholder Dialogue

High-ranking representatives, know-how bearers, and an independent moderator are essential for effective dialogue.

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Benefits of Stakeholder Dialogue

Helps build trust, gather information, understand issues, and increase organizational acceptance of responsibilities.

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Utilization of Stakeholder Know-how

Leveraging stakeholder insights for better decision-making, particularly in product development.

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Risk Management in Stakeholder Dialogue

Prevents conflicts by actively engaging with stakeholders and addressing concerns early.

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Leadership Role in Stakeholder Dialogue

Participation of the organization’s leadership is crucial for credibility and effectiveness of the dialogue.

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Sustainability and Stakeholder Dialogue

An organization is sustainable when it balances value creation for internal and external stakeholders.

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Sustainable Supply Chain Management

A management approach that integrates environmental, social, and economic considerations into supply chain practices.

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Plan Do Check Act

A four-step management method used for continuous improvement and problem-solving.

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Sustainability Legislation

Laws and regulations aimed at promoting sustainable environmental practices.

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ISO 26000

An international standard providing guidelines for social responsibility in organizations.

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Sustainability Reporting

The practice of measuring, disclosing, and being accountable for organizational performance towards sustainable development.

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Management Systems

Structured processes to manage an organization’s policies, practices, and operations effectively.

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Exam Preparation

The process of reviewing and studying material in anticipation of an examination.

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Background Information in Training

Additional context and data that support the main topics discussed in training sessions.

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Study Notes

Day 1

  • Slides 17, 71, 37, 27, 51 focused on Stakeholder dialogues, LCA, and SDG.
  • DEWA's Innovation Centre was visited.
  • Introduction to the seminar: Agenda, procedures, and introductions for the session.
  • Defined sustainability: Terms, models, and own understanding.
  • Case studies on corporate sustainability.
  • Lunch break was taken.
  • The relevant context/ecosystem and stakeholders were explored as a foundation to the topic.
  • A break was taken.
  • Topics of corporate environment and stakeholder dialogue were covered.
  • United Nations Sustainable Development Goals (SDGs).

Day 2

  • Slides 63, and 64 covered introduction to day 2, agenda, and roadmap.
  • Principles of sustainability
  • Break
  • Corporate culture, values and change management
  • Lunch break
  • Core topics and fields of action in sustainability
  • Break
  • Life Cycle Assessment
  • CO2 and H2O footprints

Day 3

  • Introduction to day 3: Agenda and roadmap; Material topics and materiality analysis.
  • Break
  • CSR risk assessment
  • Lunch break
  • Mission statement, strategy and sustainability.
  • Break
  • Sustainability targets

Day 4

  • Introduction to day 4: Agenda and roadmap
  • Implementing sustainability: Management systems, ISO contexts.
  • Break
  • Does sustainability need processes?
  • Lunch break
  • Sustainable supply chain management
  • Break
  • Plan Do Check Act

Day 5

  • Introduction to day 5: Agenda and open questions.
  • Mission, vision, strategy, and sustainability.
  • Break
  • Implementing sustainability - management systems, ISO contexts.
  • Measure and improve sustainability performance.
  • Excursion: Ratings
  • Lunch break
  • Sustainability reporting and communication
  • Exam preparation
  • Examination

Sustainability Management

  • Sustainability Management based on ISO 26000, International-Day 1 and International-Day 2, etc.
  • Slides on the roadmap of responsible business.
  • Slides on various topics and definitions were discussed.
  • Topics: Privacy, Copyright, Notes on Slides, and Your Trainer.
  • Questions related to stakeholder analysis, stakeholder groups, SDGs and relevant frameworks were addressed.
  • Diagrams of different sustainability models were explored.
  • Definitions of ESG, and the importance of the topic.

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