7115 · 6.2
Environmental and ethical issues
**Environmental and ethical issues** (6.2) — often combined with economic issues (6.1) in evaluation. Weigh the **cost** of acting responsibly against the **reputation** and legal risks of not doing so.
Need to know
What you need to know
- Sustainability involves meeting present needs without harming future generations' ability to meet theirs.
- The Triple Bottom Line (People, Planet, Profit) is a framework for measuring sustainable performance.
- Pursuing sustainability can shift from being a cost centre to a source of long-term value and competitive advantage.
- It impacts all business functions, from operations and marketing to finance and human resources.
Explanation
Environmental and ethical issues
- Sustainability involves meeting present needs without harming future generations' ability to meet theirs.
- The Triple Bottom Line (People, Planet, Profit) is a framework for measuring sustainable performance.
- Pursuing sustainability can shift from being a cost centre to a source of long-term value and competitive advantage.
- It impacts all business functions, from operations and marketing to finance and human resources.