7115 · 6.2
Environmental and ethical issues flashcards
Revision flashcards for Cambridge 7115 Environmental and ethical issues (syllabus 6.2). Flip, recall, then mark a real past-paper question.
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Carbon tax effect?
Raises cost of fossil energy - pushes efficiency and renewables.
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Extended producer responsibility?
Firms must fund recycling/disposal of products/packaging.
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Green marketing risk?
Greenwashing - false claims damage trust and may breach law.
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Sustainability as opportunity?
Premium pricing, B2B contracts requiring ESG standards, innovation.
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Operations link?
Lean production, energy-efficient equipment, sustainable sourcing (4.1, 9.3).
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Stakeholder pressure?
Investors (ESG), NGOs, employees expect environmental action.
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Environmental Sustainability
A business approach that involves meeting the needs of the present without compromising the ability of future generations to meet their own needs. It considers the 'Triple Bottom Line': People, Planet, and Profit.
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Greenwashing
The practice of making misleading or unsubstantiated claims about the environmental benefits of a product, service, or company policy to present a false image of environmental responsibility.
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Carbon Footprint
The total amount of greenhouse gases (including carbon dioxide and methane) that are generated by a business's actions, products, or services, usually expressed in tonnes of carbon dioxide equivalent.
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Emissions Trading Scheme (ETS)
A market-based 'cap and trade' system designed to reduce greenhouse gas emissions. A central authority sets a cap on total emissions, and companies are allocated or can buy/sell emission allowances, creating a financial incentive to pollute less.
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Circular Economy
An economic model aiming to eliminate waste and promote the continual use of resources. It is restorative and regenerative by design, keeping products, equipment, and materials in use for as long as possible.