Sustainability Audit and Strategic Analysis Quiz

Sustainability

• Sustainability refers to living within the constraints of available physical, natural, and social resources.
• It involves maintaining ecological integrity, economic independence, and social universal human rights and basic necessities.

Strategic Audit

• A strategic audit is an in-depth analysis to evaluate a corporation's operational targets and identify areas for improvement.

Sustainability Audit

• A sustainability audit is a guide for comparing a company's policies to the best practices for long-term sustainability.

Causes of Global Sustainability Issues

• Health and welfare issues: poverty, malnutrition, lack of education, and illness.
• Environmental issues: air and water pollution, soil erosion, and water shortage.
• Human rights issues: child labor, wage dumping, discrimination, and oppression.

Pillars of Sustainability

• Environmental: maintaining ecological integrity and balance.
• Economic: ensuring human communities have access to necessary resources.
• Social: attaining universal human rights and basic necessities.

Ecological Footprint

• It measures an individual's or nation's demand on nature.
• Bio capacity describes the biologically productive area of a country or region.
• The ratio of required to existing surface is the benchmark for sustainability.

Balanced Scorecard

• It assesses a company's performance in four areas: financial, education and growth, internal processes, and customer relationship.

Triple Bottom Line

• It aims to calculate a company's commitment to corporate social responsibility and its environmental impact.
• It focuses on benefit, citizens, and earth.

Sustainable Innovation

• It is essential for business survival in a volatile, uncertain, complex, and ambiguous environment.
• It involves developing new business models and interacting with consumers, brands, and governments.

Sustainable Future

• It depends on people making sustainable decisions and interacting with existing corporations, brands, and governments.

Five Areas of Inquiry and Action for Sustainable Lifestyles and Green Economy

• Understand consumer values and behavior.
• Analyze short and long-term obstacles and opportunities.
• Investigate new business models.
• Measure prospects.
• Assess the political dimension of the evolution in sustainable lifestyle.

Traditional Companies and Sustainability

• Large companies may protect their core business while experimenting with sustainable innovations.
• Smaller players may be more able to disrupt traditional markets and business models.

Societal Embedding of Sustainable Products and Services

• It involves systems change thinking, transparent co-creation, and understanding innovation as a network for learning.
• It uses different practices to influence societal norms and expectations as well as user habits and routines.

Policy Change for Sustainability Innovation

• Education: enable sustainability innovation and entrepreneurship through learner-centered programs and critical analysis.
• Networks: government policy should encourage the creation and maintenance of sustainability learning networks.
• Funding: facilitate financing and provide better tax and investment incentives.