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.

Test your knowledge on sustainability audits, strategic analysis, and global sustainability issues. Learn about living within resource constraints and comparing company policies to best practices for long-term sustainability.