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Ch03 Defining the Environmental Sector in ESG
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Ch03 Defining the Environmental Sector in ESG

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Questions and Answers

What are some companies intending to do in relation to renewable energy?

  • Ignore the generation of renewable energy
  • Avoid making surplus renewable energy available to markets
  • Support the generation of more renewable energy than they need (correct)
  • Reduce the use of renewable energy
  • How are eco-design programs helping companies in reducing their carbon footprint?

  • Increasing the energy consumption of products
  • Encouraging the use of single-use plastics
  • Expanding the use of GHG-intensive products
  • Reformulating products to use fewer but higher-performing ingredients (correct)
  • Where does a significant part of the GHG footprint for many products occur?

  • When people use them at home (correct)
  • When stored in warehouses
  • When in transit
  • During the manufacturing process
  • What do innovation and R&D focus on in relation to climate change?

    <p>Delivering products while considering the climate change challenge</p> Signup and view all the answers

    What is required for tackling the issues related to broader systems in which firms operate?

    <p>Transformational changes to broader systems</p> Signup and view all the answers

    Why has business collaboration been challenging within corporate sustainability?

    <p>Due to self-interest, lack of shared purpose, and absence of trust</p> Signup and view all the answers

    What is the primary goal of investment in products intended to alleviate plastic waste problems?

    <p>To reduce the amount of waste produced from plastic manufacturing</p> Signup and view all the answers

    Which of the following is not considered a preferred method of waste management according to the text?

    <p>Producing more disposable items for convenience</p> Signup and view all the answers

    Which of the following actions would NOT help to reduce waste?

    <p>Redesigning products to use more raw materials in production</p> Signup and view all the answers

    How does the text describe the idea of cleaning and reusing an item in a world with so many disposable items?

    <p>It is an alien concept to most people</p> Signup and view all the answers

    Which of the following is a benefit of recycling?

    <p>It reduces the need for new raw materials in production</p> Signup and view all the answers

    According to the passage, why are investors now considering environmental risks in their investment decisions?

    <p>To avoid potential litigation costs</p> Signup and view all the answers

    What does the acronym "3Rs" commonly refer to in the context of sustainable living?

    <p>Reduce, reuse, and recycle</p> Signup and view all the answers

    Which of the following is a financial incentive for businesses to adopt the 3Rs (reduce, reuse, recycle) approach?

    <p>All of the above</p> Signup and view all the answers

    What does the passage imply about children's awareness of the 3Rs compared to adults?

    <p>Children are more aware due to better education</p> Signup and view all the answers

    Which of the following is an example of an index focused on companies that reduce, reuse, or recycle?

    <p>Solactive ISS ESG Beyond Plastic Waste Index</p> Signup and view all the answers

    What is one of the reasons for the increasing restrictions and penalties related to waste management?

    <p>To reduce the amount of waste sent to landfills</p> Signup and view all the answers

    Study Notes

    Companies' Sustainability Efforts

    • Some companies aim to generate more renewable energy than needed, making the surplus available to surrounding markets and communities.
    • The goal is to become carbon-positive in factories and site operations by 2030.

    Eco-design and Product Reformulation

    • Companies are developing eco-design programs to reformulate products, reducing the number of ingredients and using higher-performing ones, especially for GHG-intensive products.
    • Most GHG footprint for products occurs during home use, prompting innovation and R&D to address climate change.

    Collaboration and Government Policy

    • Transformational changes in broader systems require government policy to create an environment for collaboration among sectors.

    Business Collaboration Challenges

    • Business collaboration on environmental issues, such as climate change, resource exhaustion, and biodiversity loss, has been unsuccessful due to self-interest, lack of shared purpose, and trust issues.

    The 3Rs of Sustainable Living

    • Reduce, reuse, and recycle are key to sustainable living, and using resources efficiently reduces waste and costs, while also benefiting the environment.

    Reducing Waste

    • Reduce waste by purchasing durable goods, seeking toxic-free products, and redesigning products to use fewer raw materials or aid in recycling.

    Reusing Products

    • Reuse items by buying or renting secondhand products, refilling bottles, and using reusable items like coffee mugs and cloth napkins.

    Recycling Benefits

    • Recycling prevents GHG emissions, water pollution, and solid waste, while saving energy and generating less waste.

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