Question 1

Triple bottom line strategy should be an:&#10;A) Action framework&#10;B) Measuring framework&#10;C) Agenda setting framework&#10;D) Accounting framework

Accepted Answer

Triple bottom line strategy is an action-oriented framework that helps organizations to focus on not only economic but also social and environmental factors. It emphasizes the significance of balancing business operations and long-term sustainability outcomes. Organizations can use this framework to evaluate and enhance their impacts on all three aspects of the triple bottom line.

Question 2

Consumers exercising moral choice in their purchasing decisions is known as&#8230;&#10;A) Consumer activism&#10;B) Consumer choice&#10;C) Consumer pressure&#10;D) Stakeholder action

Accepted Answer

Consumer activism refers to the practice of consumers making purchasing decisions that align with their moral or ethical values. This can include boycotting companies that engage in unethical practices, supporting companies that have a positive social or environmental impact, and advocating for changes in corporate policies and practices.

Question 3

Employees make increased contribution to TBL agendas when they feel:&#10;A) A greater sense of purpose&#10;B) Better paid&#10;C) Understood&#10;D) Valued

Accepted Answer

A

Question 4

Organizations that aim to build deep employee commitment and capabilities in sustainable practices should expect progress that is gauged in:&#10;A) Months and years&#10;B) Days and weeks&#10;C) Weeks and months&#10;D) Decades

Accepted Answer

Building a culture of sustainability within an organization takes time and effort, and true commitment and capabilities in sustainable practices are not built overnight. It requires consistent effort and reinforcement of sustainable practices over months and years to embed them into an organization's culture.

Question 5

CSR thinking can sometimes include an organizational focus that keeps societal issues on the periphery. Porter and Kramer (2011) advocate a new business model of&#8230;&#10;A) creating shared value&#10;B) creating joint ventures&#10;C) creating social initiatives&#10;D) creating purposeful strategy

Accepted Answer

Porter and Kramer (2011) advocated for a new paradigm shift in businesses, where creating shared value is the key to sustainability and social progress. Creating shared value means that businesses must integrate societal issues within their core business models, rather than treating them as external to the business process. In this way, businesses can create social and environmental benefits, while simultaneously generating economic value. Joint ventures, social initiatives, and purposeful strategies may be components of creating shared value, but they are not the overarching concept.

Question 6

Ormiston and Wong (2013) have been critical of CSR for allowing organizations to do good in the community and creating a feeling of being excused for behaving at a lower standard of conduct with other stakeholders. They term this as:

A) Moral licensing
B) Moral washing
C) Ethical distrust
D) Cynical licencing

Accepted Answer

Ormiston and Wong's criticism of CSR is that it can lead to moral licensing, which is a phenomenon where an organization behaves unethically or irresponsibly towards one stakeholder group, while simultaneously engaging in CSR activities towards another stakeholder group, thus feeling morally licensed to behave unethically towards the former group. This can create a false sense of moral superiority and allow organizations to justify their unethical behavior towards certain stakeholders.

Question 7

Shareholders are interested in sustainability for which two of the following reasons?&#10;A) An indicator of long-term value creation potential&#10;B) Whether new and existing talent consider an organization's attitude to sustainability as an influencing factor in their choice of employer&#10;C) As a lead indicator on profit&#10;D) As an efficient means to resource management

Accepted Answer

Shareholders are interested in sustainability because it is an indicator of long-term value creation potential, and new and existing talent often consider an organization's attitude to sustainability as an influencing factor in their choice of employer. Sustainability is not a lead indicator on profit and while it can be an efficient means to resource management, this is not a primary reason for shareholder interest.

Question 8

Which of the following two are ways to achieve sustainable investing put forward by UBS?&#10;A) Exclusion&#10;B) Integration&#10;C) Collaboration&#10;D) Investigation

Accepted Answer

UBS puts forward exclusion and integration as ways to achieve sustainable investing. Exclusion involves removing certain investments that do not meet certain environmental, social, or governance criteria, while integration involves including such criteria in investment decision-making to create a more sustainable portfolio. Collaboration and investigation are not mentioned as ways to achieve sustainable investing in the context of UBS.

Question 9

In 2018 social enterprises contributed &#163;60million to the UK economy.

Accepted Answer

According to a report by Social Enterprise UK, in 2018 social enterprises contributed £60billion (not million) to the UK economy.

Question 10

A crucial limit for global warming will be a 1.5 degree increase in temperature above pre-industrial levels.

Accepted Answer

This is in line with the goal set by the Paris Agreement in 2015 to limit global warming to "well below" 2 degrees Celsius above pre-industrial levels, and to pursue efforts to limit it to 1.5 degrees Celsius.

Deck 13: Sustainability and Strategy