Understanding Sustainability

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Questions and Answers

Which of the following is a primary component of the Triple Bottom Line (TBL) framework?

  • Financial sustainability
  • Economic profitability
  • Legal compliance
  • Environmental sustainability (correct)

Which international agreement focuses specifically on reducing global greenhouse gas emissions to mitigate climate change?

  • Rio Earth Summit
  • United Nations Global Compact
  • Paris Agreement
  • Kyoto Protocol (correct)

Which of the following is NOT a component of sustainable development?

  • Economic growth
  • Environmental degradation (correct)
  • Environmental protection
  • Social equity

Which international body established the Sustainable Development Goals (SDGs) in 2015?

<p>United Nations (D)</p> Signup and view all the answers

Which of the following is an example of a business practice aligned with the concept of sustainability?

<p>Implementing energy-efficient technologies and reducing waste (B)</p> Signup and view all the answers

In the context of sustainable business practices, which of the following best describes the Triple Bottom Line (TBL)?

<p>A measure of a company's social, environmental, and economic performance (A)</p> Signup and view all the answers

Flashcards

Triple Bottom Line (TBL)

A framework considering economic, environmental, and social factors in business.

Kyoto Protocol

An international agreement focused on reducing greenhouse gas emissions.

Sustainable Development: NOT Environmental Degradation

Environmental degradation undermines the goals of sustainable development.

Sustainable Development Goals (SDGs)

Established in 2015, these set global goals to achieve a better and more sustainable future for all.

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Triple Bottom Line (TBL)

A company's social, environmental, and economic performance.

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Sustainable Business Practice

Using less energy and creating less waste for business operations.

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Study Notes

  • Environmental sustainability is a primary component of the Triple Bottom Line (TBL) framework.
  • The Kyoto Protocol is an international agreement specifically focused on reducing global greenhouse gas emissions to mitigate climate change.
  • Environmental degradation is notably NOT a component of sustainable development.
  • The United Nations established the Sustainable Development Goals (SDGs) in 2015.
  • Implementing energy-efficient technologies and reducing waste exemplifies a business practice aligned with sustainability.
  • The Triple Bottom Line (TBL) is best described as a measure of a company's social, environmental, and economic performance.

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