Week 7 & final Project

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Chapter12.SustainabilityEthicalandSocialResponsibilityDimensions.pptx

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Part Four Implementing Business Ethics in a Global Economy

Chapter 12 Sustainability: Ethical And Social Responsibility Dimensions

Learning Objectives

Relate sustainability to ethical decision making and social responsibility

Examine global environmental issues related to the atmosphere, water, and land

Review environmental legislation related to sustainability

Compare renewable energy sources that provide alternatives for sustainability

Evaluate business responses to sustainability related to green marketing and greenwashing

Provide strategic directions for implementation of sustainability

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Social Responsibility, Sustainability, and Corporate Social Responsibility (CSR) (1 of 2)

Social responsibility: Maximizing positive and minimizing negative impacts on stakeholders.

Sustainability: Includes the assessment and improvement of business strategies, economic sectors, work practices, technologies, and lifestyles in the maintaining of the natural environment.

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Social Responsibility, Sustainability, and Corporate Social Responsibility (CSR) (2 of 2)

Corporate Social Responsibility (CSR) Report: A sustainability agenda that can create long-term favorable stakeholder responses.

Sustainability, social responsibility and business ethics should not be used interchangeably.

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Reasons Social Responsibility is a Corporate Ethics Issue

Socially responsible activities can create competitive advantages.

Both positive and negative information about products and organizations is more available.

Organizations can use their products and brand identity to create social value, quality, and consumer loyalty.

Companies use their sustainable and socially responsible decisions to differentiate their firms and promote their products.

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Figure 12-1 Ethical Decisions Affect Sustainability as a Component of Social Responsibility

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Global Environmental Issues

Atmospheric

Air pollution

Acid rain

Global warming

Land

Land pollution

Waste management

Deforestation

Urban sprawl

Biodiversity

Genetically modified organisms

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TABLE 12-3 Facts about Water Pollution (1 of 2)

1. More than 80 percent of sewage in developing countries is discharged untreated.

2. Every day, 2 million tons of sewage and other effluents drain into the world’s waters.

3. Nitrates and nitrites are the most common chemical contaminants in groundwater aquifers and have been associated with increased miscarriages.

4. Natural arsenic pollution of drinking water is now considered a global threat with as many as 140 million people affected in 70 countries on all continents.

5. A water quality concern is the impact of personal care products and pharmaceuticals, such as birth control pills, painkillers and antibiotics, on aquatic ecosystems.

6. In developing countries as much as 80 percent of illnesses are linked to poor water and sanitation conditions.

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TABLE 12-3 Facts about Water Pollution (2 of 2)

7. Diarrheal diseases caused by pollution are the second biggest child killer—taking 315,000 children’s lives every year.

8. 50 percent of child malnutrition is associated with unsafe water. Nearly one out of every five deaths of children under the age of five is due to a water-related disease.

9. More than half of the world’s primary schools do not have access to water or sanitation facilities.

10. Every year, more people die from unsafe water than from all forms of violence, including war.

Sources: UNESCO, “World Water Assessment Programme (WWAP),” http://www.unesco.org/new/en/natural-sciences/environment/water/wwap/ facts-and-figures/all-facts-wwdr3/fact-15-water-pollution (accessed April 29, 2017); UNESCO, “Water Scarcity and Quality,” http://en.unesco.org/ themes/water-security/hydrology/water-scarcity-and-quality (accessed April 29, 2017); UNESCO, “Water and Jobs,” 2016, http://unesdoc.unesco.org/ images/0024/002439/243938e.pdf (accessed April 29, 2017); WaterAid, “Water: At What Cost?” http://www.wateraidamerica.org/sites/default/files/ publcations/Water_at_what_cost.pdf (accessed April 29, 2017); United Nations, “Water for Life,” http://www.un.org/waterforlifedecade/quality.shtml (accessed April 29, 2017).

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Environmental Legislation & The EPA (1 of 2)

Protecting Americans from significant health and environmental risks.

Managing environmental risks based on empirical information.

Ensuring the fairness and effectiveness of laws protecting human health and the environment.

Ensuring environmental protection is an integral consideration in U.S. policies.

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Environmental Legislation & The EPA (2 of 2)

Making available access to accurate information that allows participation in managing health and environmental risks.

Making sure environmental legislation contributes to diverse, sustainable, and economically productive communities and ecosystems.

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Table 12-4 Goals of the Environmental Protection Agency

Goal	Long-Term Outcome
1	Reduce air pollution
2	Improve access to clean and safe water
3	Promote materials management, waste management, and clean sites
4	Enhance joint preparedness for environmental response
5	Enhance compliance assurance and environmental stewardship

Source: Environmental Protection Agency, “Goals and Objectives,” http://www2.epa.gov/border2020/goals-and-objectives (accessed April 13, 2017).

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U.S. Environmental Regulations

Clean Air Act

Endangered Species Act

Toxic Substances Control Act

Clean Water Act

Pollution Prevention Act

Food Quality Protection Act

Energy Policy Act

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Alternative Energy Sources

Wind Power

Geothermal Power

Solar Power

Nuclear Power

Biofuels

Hydropower

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Business Response to Sustainability Issues

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Strategic Implementation of Environmental Responsibility

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Steps in Strategic Implementation of Environmental Responsibility

Recycling initiatives

Stakeholder assessment

Risk analysis

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TABLE 12-7 Strategic Sustainability Audit

Yes	No	Checklist
□	□	Does the organization show a high commitment to a strategic environmental policy?
□	□	Do employees know the environmental compliance policies of the organization?
□	□	Do suppliers and customers recognize the organization’s stand on environmental issues?
□	□	Are managers familiar with the environmental strategies of other organizations in the industry?
□	□	Has the organization compared its environmental initiatives with those of other firms?
□	□	Is the company aware of the best practices in environmental management regardless of industry?
□	□	Has the organization developed measurable performance standards for environmental compliance?
□	□	Does the firm reconcile the need for consistent responsible values with the needs of various stakeholders?
□	□	Do the organization’s philanthropic efforts consider environmental issues?
□	□	Does the organization comply with all laws and regulations that relate to environmental impact?

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