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Importance of Sustainability in Business

The document discusses the importance of sustainability in business, highlighting benefits such as resource management, profit maximization, and employee satisfaction. It outlines various methods for integrating sustainability into operations, including reporting and innovation, and emphasizes the significance of sustainability reports and guidelines. Additionally, it addresses challenges businesses face regarding sustainability and suggests collaborative approaches to overcome them.

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tzw101
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0% found this document useful (0 votes)
10 views3 pages

Importance of Sustainability in Business

The document discusses the importance of sustainability in business, highlighting benefits such as resource management, profit maximization, and employee satisfaction. It outlines various methods for integrating sustainability into operations, including reporting and innovation, and emphasizes the significance of sustainability reports and guidelines. Additionally, it addresses challenges businesses face regarding sustainability and suggests collaborative approaches to overcome them.

Uploaded by

tzw101
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

7 November 2015 8:19:56 PM

1)

Why is sustainability important for business?


a)

Because of resource scarcity.

b)

Business can benefit by handling sustainability issues properly.

c)

It guarantees both short-term and long-term profits.

d)

Both a) and b)
2)

How do businesses integrate sustainability into their operations?


a)

Via reporting

b)

Via Triple bottom line

c)

Via top management

d)

Via employee engagement

3)

Which of the following is/are the reason(s) why businesses engage in


sustainability?
a)

Increase in revenues and reduction in costs

b)

Tax evasion

c)

Employee satisfaction

d)
4)

Both a) and c)

Incorporating sustainability into a companys business strategy can


___________.
a)

decrease innovation

b)

reduce employees well being

c)

increase operational efficiency

d)

Both a) and c)

5)

Which of the following is an example of how companies implement


sustainability practices?
a)

Producing non-polluting product

b)

Using high technology in their production processes

c)

Using cheaper labour in their production processes

d)
6)

Encouraging customers to continue purchasing their products long term

What is the tool that businesses use to assess sustainability across the supply
chain?
a)

Information assessment

b)

Life cycle assessment

c)

Business cycle assessment

d)

Demand supply assessment

7)

Innovation for sustainability can be in the form of ____________.


a)

product innovation

b)

process innovation

c)

management innovation

d)

all of the above

8)

Which of the following is an example of how companies make their production


processes sustainable?
a)

Material flow production

b)

Closed loop production

c)

Closed end production

d)
9)

Input-output production

What is closed loop production?


a)

Production processes that seek to minimise cost and technology.

b)

Production processes that guarantee higher profits.

c)

Production processes that seek to turn waste into reusable inputs.

d)
10)

Production processes that speed up the flow of resources.

What is a companys sustainability report?


a)

A report that discloses the economic, social, environmental and governance performanc

b)

A report that provides information about the companys general activities and a

c)

A report that discloses only the companys assets and liabilities.


d)

A report that provides information about the companys community outreach pr

11)

Which of the following set of guidelines is that which most companies would
follow in writing their sustainability reports?
a)

Social Responsibility Reporting guidelines

b)

Global Reporting Initiative guidelines

c)

Global Social Reporting guidelines

d)
12)

The United Nations Global Compact guidelines

Company can mitigate greenwashing by ___________.


a)

obtaining external verification and third-party auditing

b)

engaging in GRI (Global Reporting Initiative) reporting

c)

choosing credible labels and certification schemes

d)
13)

All of the above

Which of the following megatrends challenge(s) could affect business


activities in the future?
a)

Resource scarcity

b)

Demographic shifts

c)

Financial difficulties

d)

Both a) and b)

14)

To overcome future sustainability challenges, what should businesses do?


a)

Collaborate with government, civil society, and the public

b)

Incorporate systems-wide solutions

c)

Adopt a values-driven approach

d)

All of the above

15)

What is the lesson learnt from the case study of Wilmar International?
a)

A company should address significant sustainability issues in its business strategy and i

b)

A company should not address environmental and social issues because it could lead to

c)

A company should not expand its business to locations where stringent environmental l

d)

To minimise the conflict between a company and its stakeholders, it should reduce stak

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