18 terms

Chapter 15: Sustainability and Corporate Social Respon

The process of meeting present needs without compromising the ability of future generations to meet their needs
Global warming
Term used to describe a fairly recent increase in the temperature of Earth's lower atmosphere (the air we breathe) and the land and water that make up Earth's surface
Greenhouse effect
Term used to describe how air, water, and land temperatures are affected by certain gases in Earth's atmosphere. There gases trap infrared energy, which leads to an increase in the planet's atmospheric and surface temperatures
Environmental sustainability
Term that refers to the preservation of environmental resources and biodiversity, creation of sustainable access to safe drinking water, and enhancement of quality of life among, the most impoverished
Social sustainability
Term that refers to the improvement of daily life for the greatest number of people through improving fair income distribution; promoting gender equality; ensuring equal access to land ownership, employment, and education; investing in basic health and education; and enlisting the participation of beneficiaries
Economic sustainability
Term that refers to an economy's capacity to regularly produce outcomes consistent with long-term economic development
Kyoto Protocol
An international agreement drafted during the 1997 United Nations Framework Convention on Climate Change for the purpose of supporting and enforcing the reduction of greenhouse gas emissions
Green economy
An economic model that focuses on development and use of renewable energies such as wind, biofuels, and so on to displace traditional fossil fuels and move businesses and communities toward environmental sustainability
Green-collar jobs
Jobs related to providing environmentally friendly products or services
Corporate social responsibility (CSR)
A form of corporate self-regulation that builds sustainability and public interest into business decision making and activities
Giving money, time, services, or products in the service of supporting people's well-being
Obstructionist Approach
A firm gives little or no attention to social responsibility
Defensive Approach
A firm only engages in activities that it is legally required to do.
Accommodative Approach
A firm is more positive in its view of social responsibility.
Proactive Approach
A firm that is actively engaging in socially responsible activities and attempting to set the highest industry standard possible.
Giving of oneself without any expectation of a return
Global citizenship
Involves understanding one's place in and one's impact on the world community and engaging in activities that support global environmental, social and economic sustainability
Servant leadership
A leadership style in which the leader seeks to serve followers and stakeholders, as opposed to dominating them