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16 terms

Chapter Twelve

STUDY
PLAY
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