BUS 200 - Sustainability Lecture Slides PDF

| business.gmu.edu BUS 200 – Sustainability Learn Here. Lead Anywhere. Learning Objectives Explain the nature and causes of many global environmental challenges including climate change and transboundary pollution​ Gain insight into the role of governments and international...

| business.gmu.edu BUS 200 – Sustainability Learn Here. Lead Anywhere. Learning Objectives Explain the nature and causes of many global environmental challenges including climate change and transboundary pollution​ Gain insight into the role of governments and international cooperation in tackling environmental challenges​ Learn about strategies businesses and consumers can play in achieving environmental sustainability​  | business.gmu.edu Sustainability Sustainability Development that meets the needs of the present without compromising the ability of future generations to meet their needs Climate change Net-zero-emissions (carbon neutral) targets The Race to Zero Learn Here. Lead Anywhere.  | business.gmu.edu Some Key Concepts Environmental Degradation Global Warming Bio-Diversity Global Commons Deforestation IPCC Triple Bottom Line Reporting Kyoto Protocols Climate Change Paris Accords Learn Here. Lead Anywhere.  | business.gmu.edu Causes of Environmental Degradation Urbanization Effects of factory production on air, water Are some of Growth in air traffic and soil these more Industrialized farming Industrialized production of meat important than Increase in motor vehicles others? Mass consumerism Think about the Growth in the use of Deforestation plastic in consumer relationships products Fossil-fuel power generation between them. Industrialized farming Contamination of the seas Learn Here. Lead Anywhere.  | business.gmu.edu Transboundary Pollution Transboundary pollution – the transmission of pollutants from one national jurisdiction to another. Globalization Economic Development Energy Policy Learn Here. Lead Anywhere.  | business.gmu.edu Sustainability: Carbon Footprints and Climate Change Carbon footprint Environmental impact of greenhouse gases measured in units of carbon dioxide that are emitted by human activity Primary footprint Secondary footprint Learn Here. Lead Anywhere.  | business.gmu.edu Figure 2.6: Annual Total Carbon Emissions by World Region Source: Our World in Data website (https://ourworldindata.org/co2-emissions) Learn Here. Lead Anywhere.  | business.gmu.edu Recognizing the Issue The Intergovernmental panel on Climate Change Climate Change (IPCC) The IPCC was established in 1989 by the UN to consolidate information about climate Global Warming change and report its findings back to the UN membership (and the world). The group is made up of hundreds of scientists representing many countries and areas of Greenhouse specialization. This group provides general Gasses targets for temperature increases that have informed international discussions on climate change. Learn Here. Lead Anywhere.  | business.gmu.edu Efforts to Address Climate Change Kyoto Protocol – Distinguished between developed and developing countries​ (1998) Specified targets for reducing emissions for developed countries only Aimed to reduce emissions to 5% below 1990 levels by 2012, which proved unattainable The Paris Accords – Broad-based agreement but no enforcement (2016) By 2018, 184 countries had ratified the agreement, and 186 countries put forward intended nationally determined contributions (INDCs) Developed countries pledged financial help to developing countries to mitigate impacts of climate change Learn Here. Lead Anywhere.  | business.gmu.edu Climate Change Initiatives and Business National Governments: Lobbying National Laws & Regulations Sustainable International Practices / Agreements Businesses Green Technology Public Opinion Public Relations/ Marketing Learn Here. Lead Anywhere.  | business.gmu.edu Will Societies Make the Trade-Offs? Climate change is linked to economic growth and increased prosperity Who should make the sacrifices that reduced emissions entail? In a world of sovereign states is meaningful economic sacrifice possible? Learn Here. Lead Anywhere.  | business.gmu.edu Global Manager: Three Sustainable Strategies for Three Markets A company adapts its business strategy to the nuances of a market. The world’s population of 7.8 billion people lives in three very different markets: Developed markets Toyota Emerging markets Shree Cement Traditional markets Blommer Chocolate Learn Here. Lead Anywhere.  | business.gmu.edu Sustainability: Greenwashing Greenwashing Providing false or misleading information that presents a business or its products as being environmentally friendly Misleading labels disguising a product’s harmful environmental effects Campaigns touting the environmental efforts of industries inherently negative for the environment ESG: a company’s efforts on matters of the environment Learn Here. Lead Anywhere.  | business.gmu.edu Sustainability: Greenwashing Environmental, Social, and Governance Funds ESG Funds are not always environmentally friendly One study of the world’s 20 biggest ESG funds found: Each was invested in an average of 17 fossil-fuel producers Six had invested in ExxonMobil Two were invested in Saudi Aramco, the world’s biggest oil producer One had invested in a Chinese coal-mining company Learn Here. Lead Anywhere.  | business.gmu.edu Sustainability: A Circular Economy Circular economy Approach that designs products and components that can be reused, disassembled, and upgraded to minimize waste Replace consumer with user Increase the quantity of long-lasting things and reduce waste Learn Here. Lead Anywhere.  | business.gmu.edu Figure 2.7: Linear v s Circular ersu Economy Learn Here. Lead Anywhere. Elements of a Circular Economy Model Activities of the Circular Economy Design out waste Build resilience through diversity Resilience = ability to respond to unexpected challenges and opportunities Diversity = multiple pathways to get the job done Work toward energy from renewable sources Think in systems Think in cascades Waste – More than just Pollution In moving to the circular economy model waste is seen as a useful commodity Wasted Resources Products with wasted lifecycles Products with wasted capability Wasted embedded values Circular Economy Business Models Circular Supply Chain Fully renewable, recyclable or biodegradable inputs Recovery and Recycling Every by-product and waste stream is optimized for revenue potential Building Products to Last Also known as the Product Life-Extension Business Model Share Platform ‘Sweating idle assets’ – multiple customers use the same resources Product-as-a-Service Pay for use, leasing, rental, & performance agreement Thank You. Learn Here. Lead Anywhere.