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?

Delivering products while considering the climate change challenge Signup and view all the answers

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

Transformational changes to broader systems Signup and view all the answers

Why has business collaboration been challenging within corporate sustainability?

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

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

To reduce the amount of waste produced from plastic manufacturing Signup and view all the answers

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

Producing more disposable items for convenience Signup and view all the answers

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

Redesigning products to use more raw materials in production 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?

It is an alien concept to most people Signup and view all the answers

Which of the following is a benefit of recycling?

It reduces the need for new raw materials in production Signup and view all the answers

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

To avoid potential litigation costs Signup and view all the answers

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

Reduce, reuse, and recycle Signup and view all the answers

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

All of the above Signup and view all the answers

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

Children are more aware due to better education Signup and view all the answers

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

Solactive ISS ESG Beyond Plastic Waste Index Signup and view all the answers

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

To reduce the amount of waste sent to landfills 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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