Podcast
Questions and Answers
Explain how a multinational company's decision to establish a manufacturing plant in a developing country can create a conflict between environmental protection and economic development.
Explain how a multinational company's decision to establish a manufacturing plant in a developing country can create a conflict between environmental protection and economic development.
MNCs may prioritize job creation and economic growth over environmental regulations, exploiting lenient laws in developing countries, leading to pollution and resource depletion.
How does the lack of proper infrastructure in less economically developed countries (LEDCs) impact the effective disposal of waste, and what specific environmental challenges arise from this?
How does the lack of proper infrastructure in less economically developed countries (LEDCs) impact the effective disposal of waste, and what specific environmental challenges arise from this?
Poor roads and inadequate facilities hinder waste removal, leading to illegal dumping of toxic materials like e-waste. Which then contaminate local environments.
Provide a 2-3 sentence explanation of how HSBC's involvement in both climate partnerships and unsustainable logging indicates a potential conflict of interest.
Provide a 2-3 sentence explanation of how HSBC's involvement in both climate partnerships and unsustainable logging indicates a potential conflict of interest.
HSBC promotes environmental conservation through climate partnerships, however, the simultaneous funding of unsustainable logging contradicts these efforts, raising concerns about their commitment to environmental sustainability. This conflict undermines the credibility of HSBC's sustainability efforts.
Based on the information provided about 'sustainability' in business, what core principles should a company prioritize to ensure its operations meet the needs of the present without compromising future generations?
Based on the information provided about 'sustainability' in business, what core principles should a company prioritize to ensure its operations meet the needs of the present without compromising future generations?
Describe how government legislation can influence a company's environmental impact, and explain why this influence may vary between developed and developing nations.
Describe how government legislation can influence a company's environmental impact, and explain why this influence may vary between developed and developing nations.
Explain how focusing solely on short-term gains can undermine a business's sustainability efforts. Provide a specific example related to resource usage.
Explain how focusing solely on short-term gains can undermine a business's sustainability efforts. Provide a specific example related to resource usage.
How do 'green credentials' relate to a company's environmental impact, and why is it important for businesses to emphasize them?
How do 'green credentials' relate to a company's environmental impact, and why is it important for businesses to emphasize them?
Analyze the trend in global carbon emissions from 2007 to 2017 as depicted in Figure 2. What overall pattern do you observe, and what does this suggest about global efforts to curb emissions?
Analyze the trend in global carbon emissions from 2007 to 2017 as depicted in Figure 2. What overall pattern do you observe, and what does this suggest about global efforts to curb emissions?
Explain how the Bhopal chemical leak illustrates potential environmental and social consequences linked to industrial activity in developing countries.
Explain how the Bhopal chemical leak illustrates potential environmental and social consequences linked to industrial activity in developing countries.
What steps can businesses take, beyond regulatory compliance, to demonstrate a commitment to environmental sustainability and reduce their ecological footprint?
What steps can businesses take, beyond regulatory compliance, to demonstrate a commitment to environmental sustainability and reduce their ecological footprint?
Flashcards
Sustainability in Business
Sustainability in Business
Operating without negatively affecting future generations' ability to meet their needs.
Environmental Targets
Environmental Targets
Targets set and performance reported in a social responsibility report at the end of the financial year to minimise environmental impact.
Greenhouse Gas Emissions
Greenhouse Gas Emissions
Gases released into the atmosphere that trap heat include carbon dioxide.
E-waste
E-waste
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Urbanization’s Environmental Impact
Urbanization’s Environmental Impact
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Waste Disposal Legislation
Waste Disposal Legislation
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Study Notes
- Companies are increasingly concerned about their activities' environmental impact due to stakeholder pressure.
- Some businesses set environmental targets and publish their social responsibility performance.
- HSBC partners with WWF for forest conservation but funds unsustainable logging in Malaysia.
- Global Witness reports HSBC generated $120 million in revenue from logging loans.
- Carbon emissions rose by 1.6% in 2017 after three years of stabilization.
- Many countries have strict climate change legislation requiring greenhouse gas emission reporting.
- This legislation isn't always present in developing nations, where many multinational companies base industry.
- In developing countries, environmental protection is not always a priority.
- Developing countries, specially urbanized areas, suffer air pollution and waste issues.
- Bhopal chemical leak affected people in slum towns near the chemical plant.
- Many governments legislate waste disposal, similar to air emissions.
- Waste disposal legislation is missing or unenforced in LEDCs (less economically developed countries).
- Barriers to waste disposal in LEDCs include lack of proper infrastructure for waste removal.
- Poor roads hinder effective waste removal by lorries.
- In 2017, there was enough e-waste to fill a 24,000 km line of 40-tonne lorries, according to the UN.
- Toxic elements in e-waste deteriorate and are illegally dumped in LEDCs, causing environmental concerns.
- 'Sustainability' means running without negatively affecting future generations.
- Businesses must preserve the environment and sustainability must address economic efficiency, social equity, and environmental accountability.
- Adopt production methods to avoid non-renewables use and use recycled materials.
- Methods should reduce or eliminate waste and pollution.
- Methods should encourage employees to cycle to work.
- Environmental sustainability requires long-term impact consideration.
- Businesses must emphasize their 'green credentials'.
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