Notes

16 June 2015
Development that meets the needs of the present without compromising the ability
of future generations to meet their own needs.
3P Profit, People, Planet
17 June 2015
What is linkage with business?
Why sustainability makes business sense?
1. Reduce Costs 2. Preserve resources 3. Comply with legislation 4. Enhance
reputation 5. Differentiate 6. Attract quality employees 7. Satisfy customer needs 8.
Meet stakeholder expectation 9. Attract capital investment 10. Capitalize on new
opportunities
- Socially responsible investment (SRI) / Impact investing
(global100.org)
Why company fails while doing CSR?
-

These companies put business against society when these 2 are

interdependent

SDCS (Accounting Perspectives)

Shadow liability
Global reporting initiatives (GRI) They are like ISO of reporting
e.g. Puma (Environment profit & loss statement)
1. Find 5 more compaies which have created environment profit & loss acoount
2. SWOT analysis of decision like these

Sustainable Production and Consumption

External cost which doesnt reflect in the cost of company
Economic indices GDP, Challenge High GDP, Low HDI (GDP Growing, HDI Falling)
Solution Green Economy Framework Tool -

Notes 25 June 2015

SDCS and Entrepreneurship
Why sustainability is important for SMEs
-

Social/ environmentally responsible ventures

Social entrepreneurs
Intrapreneurs
Micro franchising and Micro Leasing

Book How to change the world : Social Entrepreneurship

Group 4
Impact of Sustainability on business Merck