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What are people doing when

they say they "do" sustainable


development?
Environmental Management offers research and opinions on use and
conservation of natural resources, protection of habitats and control of
hazards, spanning the field of environmental management without regard to
traditional disciplinary boundaries.

Corporate Social Responsibility(CSR) refers to business practices involving


initiatives that benefit society. A business's CSR can encompass a wide variety
of tactics, from giving away a portion of a company's proceeds to charity, to
implementing "greener" business operations.

Greening of Operations : To adapt the policies, practices, and principles so that


they produce a positive result for the environmentwhether trying to solve an
environmental or societal problem, or just attempting to produce a product
that has a smaller footprint.

Industrial Ecology is the study of industrial systems aimed at identifying and


implementing strategies that reduce their environmental impact. Industries,
such as manufacturing and energy plants, extract raw materials and natural
resources from the earth and transform them into products and services that
meet the demands of the population.

Stakeholder Engagement is a process used by an organisation to engage


relevant stakeholders for a purpose to achieve accepted outcomes.It involves a
variety of activities such as stakeholder identification, consultation,
prioritisation, collaboration and reporting, etc. The approach and frequency of
the engagement with the stakeholders vary depending on the stakeholders.

Life-Cycle Assessment is a tool for the systematic evaluation of the


environmental aspects of a product or service system through all stages of its
life cycle. LCA provides an adequate instrument for environmental decision
support.

Pollution Prevention (P2) means reducing or eliminating the volume or toxicity


of materials, pollutants or wastes at the source so that they never become an
air, land, or water waste stream in the first place. P2 is a proactive approach to
environmental management. Its not the same as pollution control or waste
management, which is managing pollution at the end of the pipe. P2s health
and environmental benefits include cleaner air and water, fewer greenhouse
gas emissions, less toxic waste to manage, less solid waste going to landfills,
greater workplace safety, and better stewardship of natural resources.

Sustainable Development is development that meets the needs of the present


without compromising the ability of future generations to meet their own
needs.

Design for Environment (DfE) is an umbrella term describing techniques used


to incorporate an environmental component into products and services before
they enter the production phase. DFE seeks to discover product innovations
that will meet cost and performance objectives while reducing pollution and
waste throughout the life-cycle.

Green Design is the Product design philosophy that treats environmental


attributes as design objectives and not as constraints. It aims at incorporating
those attributes without compromising performance, quality, functionality,
and the useful life of the item

Urban Reinvestment is a powerful economic development tool designed to


drive investment to the states urban centers and other economically
distressed communities without depleting valuable state bond dollars and to
support projects that create significant jobs and capital investment in these
underserved areas.

Brownfield Redevelopment: A brownfield is an abandoned, idled, or


underused industrial or commercial facility in which redevelopment is
burdened by real or potential environmental contamination. The
redevelopment of brownfields can provide many benefits to a community,
including an increased tax base, the creation of new jobs, the utilization of
existing infrastructure, and the removal of blight. The removal of contaminants
in the area also helps to protect human health and the environment.

ISO 14001 is the standard in the most important standard within the ISO 14000
series. ISO 14001 specifies the requirements of an environmental management
system (EMS) for small to large organizations. An EMS is a systemic approach
to handling environmental issues within an organization. The ISO 14001
standard is based on the Plan-Check-Do-Review-Improve cycle.The Plan cycle
deals with the beginning stages of an organization becoming ISO 14001-
compliant. The Check cycle deals with checking and correcting errors. The Do
cycle is the implementation and operation of the ISO 14001 standard within an
organization. The Review cycle is a review of the entire process by the
organization's top management. And the Improve cycle is a cycle that never
ends as an organization continually finds ways to improve their EMS.

Waste Reduction is the Minimization of waste at its source to minimize the


quantity required to be treated and disposed of, achieved usually through
better product design and/or process management. Also called waste
minimization.

Closed Loops of or relating to a processing system in which effluents are


recycled, that is, treated and returned for reuse.

Radical Resource Productivity is obtaining the same or increased amount of


utility or work from a product or process while using fewer resources, including
energy, man-made materials, and natural resources such as air, water, or
minerals. The Industrial Revolution sparked a radical increase in human
productivity, which relied on a seemingly unlimited supply of natural
resources. Similarly, a radical increase in resource productivity can save
money, slow or reverse resource depletion, and reduce pollution caused by the
inefficient use of resources.

Radical Transactiveness : radical refers to the ability to engage with fringe


stakeholders possessing radically different views and transactiveness means
entering into a two way dialogue.

Sustainable Technology is the goal of improving the environment by


developing sustainable energy solutions for industrial and agricultural
applications.
Systems Thinking is a management discipline that concerns an understanding
of a system by examining the linkages and interactions between the
components that comprise the entirety of that defined system.

Corporate Governance is the system of rules, practices and processes by which


a company is directed and controlled. Corporate governance essentially
involves balancing the interests of a company's many stakeholders, such as
shareholders, management, customers, suppliers, financiers, government and
the community.

Clean Technology is a general term used to describe products, processes or


services that reduce waste and require as few non-renewable resources as
possible.

Eco-Efficiency: Management philosophy that aims at minimizing ecological


damage while maximizing efficiency of the firm's production processes, such as
through the lesser use of energy, material, and water, more recycling, and
elimination of hazardous emissions or by-products.

Eco-Effectiveness is the central strategy in the cradle-to-cradle development


method and seeks to create industrial systems that emulate healthy natural
systems. The central principle of eco-effectiveness is that waste equals food.
The concept was developed in response to some of the perceived limitations of
eco-efficiency which critics claim only slow down the rate of environmental
depletion and dont reverse the production of unused or non-recycled waste.

Biomimicry is an approach to innovation that seeks sustainable solutions to


human challenges by emulating nature's time-tested patterns and strategies.

Triple Bottom Line (or otherwise noted as TBL or 3BL) is an accounting


framework with three parts: social, environmental (or ecological) and financial.
Many organizations have adopted the TBL framework to evaluate their
performance in a broader perspective to create greater business value.

Inclusive Capitalism is a term composed of two complementary meanings:


companies and non-governmental organizations can sell goods and services to
low-income people, which may lead to targeted poverty alleviation strategies,
including improving peoples nutrition, health care, education, employment
and environment, but not their political power.

Base of the Pyramid is a business that takes into account possible customers at
the BoP as individuals and as a community in its strategic decision-making, and
then allows them to take part in the firms operations thus letting them add
value to the final product directly and indirectly.

Community Capitalism is an approach to capitalism that places a priority on


the well-being and sustainability of the entire community, not just the lucky
few. The community could be a metropolitan area, region, or an entire
country. Other terms for community capitalism include 'sustainable capitalism',
'stakeholder capitalism', and 'family capitalism'.

Corporate Citizenship involves the social responsibility of businesses and the


extent to which they meet legal, ethical and economic responsibilities, as
established by shareholders. The goal is to produce higher standards of living
and quality of life for the communities that surround them and still maintain
profitability for stakeholders. The demand for socially responsible corporations
continues to grow, encouraging investors, consumers and employees to use
their individual power to negatively affect companies that do not share their
values.

Voluntary Regulation is a mechanism that can be used within a regulatory


framework as an alternative to statutory regulation, to achieve a particular
outcome through a change in behaviour.

Civic Entrepreneurship believe that their personal long-term interests, and


those of their organization, are to some extent tied to the health of the local
economy and the community.

Full Cost Accounting: Accounting which recognizes economic, environmental,


health, and social costs of an action or decision.

EMS Environmental management system (EMS) refers to the management of


an organization's environmental programs in a comprehensive, systematic,
planned and documented manner. It includes the organizational structure,
planning and resources for developing, implementing and maintaining policy
for environmental protection.

Risk Management is the process of identification, analysis and acceptance or


mitigation of uncertainty in investment decisions. Essentially, risk management
occurs any time an investor or fund manager analyzes and attempts to
quantify the potential for losses in an investment and then takes the
appropriate action (or inaction) given his investment objectives and risk
tolerance.

Leapfrog Technology is the notion that areas which have poorly-developed


technology or economic bases can move themselves forward rapidly through
the adoption of modern systems without going through intermediary steps."

Cradle to Cradle production all material inputs and outputs are seen either as
technical or biological nutrients. Technical nutrients can be recycled or reused
with no loss of quality and biological nutrients composted or consumed. By
contrast cradle to grave refers to a company taking responsibility for the
disposal of goods it has produced, but not necessarily putting products
constituent components back into service.

Restorative Technology is the key aspect of restorative is the repair of broken


or missing processes to revert to a healthy or average level of function. There
is no enhancement to the original faculties and processes that were lost.

Balanced Scorecard The balanced scorecard is a strategic planning and


management system that is used extensively in business and industry,
government, and nonprofit organizations worldwide to align business activities
to the vision and strategy of the organization, improve internal and external
communications, and monitor organization performance against strategic
goals.

Take-Back necessitate a strong and effective reuse and recycling


infrastructure, systems view and design intention. Take-back are currently
being understood as a marketing idea rather than a technical or practical
strategy, and this is evidenced by the fact that there are no clear or
transparent systems for re-use or recycling materials.
Transparency as used in science, engineering, business, the humanities and in
other social contexts, implies openness, communication, and accountability.

Digital Divide is a term that refers to the gap between demographics and
regions that have access to modern information and communications
technology, and those that don't or have restricted access. This technology can
include the telephone, television, personal computers and the Internet.

Cultural Diversity is the quality of diverse or different cultures, as opposed to


monoculture, the global monoculture, or a homogenization of cultures, akin to
cultural decay. The phrase cultural diversity can also refer to having different
cultures respect each other's differences.

Natural Capitalism refers to the earth's natural resources and the ecological
systems that provide vital life-support services to society and all living things.
These services are of immense economic value; some are literally priceless,
since they have no known substitutes.

Ecological Footprint: the impact of a person or community on the


environment, expressed as the amount of land required to sustain their use of
natural resources.

Product-to-Service is the the approach analyses the needs of consumers to be


filled by products and services, and uses results as a basis for innovation. It is a
natural next step after efforts to clean up production processes and re-
designing products, which invites business to shift focus from selling products
to selling utility. A mix of products and services can thereby meet client
demands with less environmental and social impacts.

Integrated Product Mgmt (IPM), also known as Life Cycle Management (LCM),
is a management paradigm that takes optimisation of the product chain as its
fundamental viewpoint.
Natural Step: Substances from the earth's crust can not systematically increase
in the biosphere. Substances produced by society can not systematically
increase in the biosphere, degradation by physical means, human needs are
met worldwide these are some principles of it.

Building the Pyramid :Improve Quality, Process, and Performance Excellence


in the Organization through the Lens of Sustainability

Compass Index is a method for clustering, aggregating, and scaling indicators


and evaluation results on an absolute 0-100 performance scale, where "0" is
set equal to worst-case or system collapse conditions, and "100" is set to ideal
or perfect long-term sustainable conditions.

SROI is a principles-based method for measuring extra-financial value (i.e.,


environmental and social value not currently reflected in conventional financial
accounts) relative to resources invested.

Blended Value refers to an emerging conceptual framework in which non-


profit organizations, businesses, and investments are evaluated based on their
ability to generate a blend of financial, social, and environmental value.

GRI (The Global Reporting Initiative) is an international independent standards


organization that helps businesses, governments and other organizations
understand and communicate their impacts on issues such as climate change,
human rights and corruption.

Precautionary Principle is a strategy to cope with possible risks where


scientific understanding is yet incomplete, such as the risks of nano
technology, genetically modified organisms and systemic insecticides

Green Procurement means purchasing products and services that cause


minimal adverse environmental impacts. It incorporates human health and
environmental concerns into the search for high quality products and services
at competitive prices.
Green Building (also known as green construction or sustainable building)
refers to both a structure and the using of processes that are environmentally
responsible and resource-efficient throughout a building's life-cycle: from
siting to design, construction, operation, maintenance, renovation, and
demolition.

SMS(Sustainable Management System) : It encompasses environmental


aspects as well as social and governance issues.Based on defined structures,
practices and responsibilities. It ensures systematic management and
efficiency reviews in conjunction with implementation of our sustainability
goals.

ISIS(International Standard for Integrated Sustainability) is based on three


pillars: economical, ecological and social . The ISIS platform assesses
sustainability in ISIS-Standard

CDM: The Clean Development Mechanism is one of the Flexible Mechanisms


defined in the Kyoto Protocol (IPCC, 2007) that provides for emissions
reduction projects which generate Certified Emission Reduction units (CERs)
which may be traded in emissions trading schemes.

EUAs : establishing an Environmental Upgrade Agreement, building owners,


tenants and investors get access to long term finance for building upgrades at
attractive terms. An EUA is an effective means by which to improve asset value
and manage the risks associated with increasing energy costs.

B24B: Provide affordable, useful digital services to the 4 billion people on the
planet earning less than $1,500, there exists differences between urban and
rural poor,IT is not the answer to development challenges, but it is a powerful
tool.
References

1. http://link.springer.com/journal/267
2. http://www.businessnewsdaily.com/4679-corporate-social-
responsibility.html
3. http://www.greenmarketing.tv/2010/03/27/what-is-a-green-business/
4. http://study.com/academy/lesson/what-is-industrial-ecology-definition-
and-examples.html
5. http://www.jubl.com/sustainability/stakeholder-engagement
6. http://www.unep.org/resourceefficiency/Consumption/StandardsandLabe
ls/MeasuringSustainability/LifeCycleAssessment/tabid/101348/Default.as
px
7. http://pprc.org/index.php/what-is-p2/
8. http://www.businessdictionary.com/definition/waste-reduction.html
9. http://www.businessdictionary.com/definition/eco-efficiency.html
10.http://www.investopedia.com/terms/c/corporatecitizenship.asp#ixzz4Tgs
4v8mo
11.http://www.businessdictionary.com/definition/full-cost-accounting.html
12.http://www.investopedia.com/terms/r/riskmanagement.asp#ixzz4TguCno
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