MW58 Sustainability Management and Theories at Universität Düsseldorf

Flashcards and summaries for MW58 Sustainability Management and Theories at the Universität Düsseldorf

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Study with flashcards and summaries for the course MW58 Sustainability Management and Theories at the Universität Düsseldorf

Exemplary flashcards for MW58 Sustainability Management and Theories at the Universität Düsseldorf on StudySmarter:

What is sustainable development / sustainability? (Brundland-definition)

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weak sustainability

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(critical) ecological sustainability

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strong sustainability

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IPAT-Formular

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Eco-Efficiency

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Topics of the UN Global Compact

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Systemtization of international standardization

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Characterization of Code of Conducts (Ethics)

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CoC characteristics/ dimensions

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Potential Benefits of CoC

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Why should companies care about sustainability (management)?

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Exemplary flashcards for MW58 Sustainability Management and Theories at the Universität Düsseldorf on StudySmarter:

MW58 Sustainability Management and Theories

What is sustainable development / sustainability? (Brundland-definition)

Sustainable development is development that....

....meet the need of the present (Intra generative justice)....

....without compromising the ability of futer generations to meet their own needs (Inter generative justice).

MW58 Sustainability Management and Theories

weak sustainability

- keep the sum of antropogentic & natural capital constant

- possibility of substitution


Strategy: Efficiency through technology, growth and markets


--> Complete sustainability not possible

MW58 Sustainability Management and Theories

(critical) ecological sustainability

- principle of prudence (Vorsichtsprinzip)

- "critical level", "critical boundaries",....

- substition of natural goods has to be justified (problem: not everything is substitutable)


- ecological consumpion matters, efficiency through technology, politics and markets


--> techn. and social feasability uncertain

MW58 Sustainability Management and Theories

strong sustainability

- living from the "interest" of natural capital

- no use of non-renewable


- no growth, sufficiency and efficiency at the individual and political level


--> metaphorical/unrealistic approach

MW58 Sustainability Management and Theories

IPAT-Formular

Impac = Population x Affluence x Technology


Population: Number of people influencing the ecological footprint

Affluence: impact generated through consumption (material, energy and emissions)

Technology: technology needed for the affluance * environmental impact

MW58 Sustainability Management and Theories

Eco-Efficiency

- reduce use of emissions and ressources in the process

- Problem: Rebound-Effect.

MW58 Sustainability Management and Theories

Topics of the UN Global Compact

Human Rights

Labour

Environment

Anti-Corruption

MW58 Sustainability Management and Theories

Systemtization of international standardization

1. Where does it come from? 

Government/Multilateral Body vs. NGO vs. Technical Organisation vs. Business Sector


2. What does it tell? (What/How to do?)

Aspirational Principles and Codes of Conducts vs. Management Systems and certification schemes


3. Differentiation:

Sectoral vs. Thematic vs. Superordinate

MW58 Sustainability Management and Theories

Characterization of Code of Conducts (Ethics)

- influences corporate attitudes & behaviours; define their intentions & actions


-feature/attribute: 

  • Author organization 
  • content: Evironmental/Social responsibility,....
  • code function
  • progress over time/historical progression
  • Company/Corporate codes vs. Multistakeholder codes
  • Principle-based/rule-based codes

MW58 Sustainability Management and Theories

CoC characteristics/ dimensions

1. specific vs. general

2. comprehensive vs. selective

3. positive vs. negative

4. voluntary vs. mandatory

5. equilegal vs. supralegal

MW58 Sustainability Management and Theories

Potential Benefits of CoC

  • flexible
  • inexpensive
  • provide space for problem solving/innovation
  • potential for competetive advantages
  • level playing field
  • creat order and structure
  • enhance trust, loyalty and reputation
  • stakeholder influence
  • create preassure
  • create benchmark

MW58 Sustainability Management and Theories

Why should companies care about sustainability (management)?

Reason 1: The business case for sustainability

Reason 2: The moral issues

Reason 3: The sturctural issues

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