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 doesn’t 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