Chapter Twelve
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Created by:
alyssarun on November 1, 2010
Subjects:
perspectives of business and society
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16 terms
Terms | Definitions |
|---|---|
Government Regulates Business Activity? | To protect the environment |
Governments Can Provide? | Economic incentives and assist organizations to adopt improvements |
Environmental Protection Agency? | Main regulatory agency charged with pollution control |
Major Areas of Regulation? | Air, Water and Land Pollution |
Environmental Standards? | Minimum standards for environmental performance, allowable levels of pollution |
Information Disclosure? | Government encourages companies to pollute less by publishing information about amount of pollutants they emit per year |
Civil and Criminal Enforcement? | Guidelines for sentencing environmental offenders |
Market Based Mechanisms? | Tradable permits- buy and sell right to pollute |
Performance Assessment? | Through environmental audits and sustainability reports that integrate social, economic and environment performance |
Ecologically Sustainable Organization (ESO)? | Standard that can be used as benchmark for organizations to be compared to |
Improve Performance In? | Ethical/moral values, reputation, competitive edge |
Competitive Edge? | Clean technology, product stewardship, pollution prevention |
Technological Innovation? | Methods for reducing pollution and increasing efficiency |
Strategic Planning? | Cultivate vision of sustainability |
Cost Savings? | Reduce pollution/hazardous waste, reuse or recycle materials, operate with energy efficiency |
Product Differentiation? | Reputation for environmental excellence can attract customers |
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