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Summary Ethics, Responsibility and Sustainability - Exam questions, Term List & All Cases
- Instelling
- Katholieke Universiteit Leuven (KU Leuven)
ERS - Exam questions, Term List & All Cases
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Mock Exam: ethics, responsibility, and sustainabilityWhat is not in the ppt:
About readings: take some inspiration, read some of it, to get to know about
the subject, not know them by heart
Try to split the questions up in parts: analyse the information, frameworks to
be used, the first part of your question should be to explain the framework,
then you can move on to the answer for this case
About “recommendations” (will always be asked on the exam): not easy to
correct but it is based on how thorough you are, they want the answer to be
doable, practical, realistic, etc… it is always interesting to give answers based
on the learnings from other chapters, this gives them the clue that you know
the material; try to think of the course name and give answers ethically,
responsibly, etc.
They will always give a company for the case, don’t have to know in detail
what they do but just their overall business
For first question: explain framework theoretically first, then apply it, what
should the government/companies have done, then further recommendations,
but be specific, who should do it, in what way, … keep in mind there is not one
ultimate answer, but the framework should be correct using other
framework will result in no points
o Make the right distinction between Bengali vs European government
o Explain difference between duty and responsibility
o Don’t just give bullet points with no further explanation for
recommendations
, ETHICS, RESPONSIBILITY & SUSTAINABILITY – TERMS
LIST
TERM EXPLANATION
Lecture 1: The Sustainability Journey
Corporate A company’s efforts to have a positive impact on society and the environment
Social beyond its business activities. Referst to specific CSR business activities
Responsibilit
y (CSR)
Corporate A company's responsibility to act ethically and contribute positively to society and
Citizenship the environment. More Scope role of being respoinble.
Refers to a broader concept that includes CSR but also emphasizes a company's
role as a "citizen" in society.
GRI (The GRI is an independent international organization that has pioneered sustainability
Global reporting since 1997 (founded in Boston)
Reporting § The GRI Sustainability Reporting Standards (GRI Standards) are widely
Initiative) adopted global standards for sustainability reporting.
Dow Jones § DJSI is based on an analysis of corporate economic, environmental and
Sustainabilit social performance
y Indices § The trend is to reject companies that do not operate in a sustainable and
ethical manner.
Triple Triple bottom line theory expands conventional business success metrics to
bottom line include an organization's contributions to social well-being, environmental
theory health, and a fair and just economy. These bottom line categories are often
referred to as the three “P's”: people, planet, and prosperity.
SDGs (2015) The Sustainable Development Goals set by the United Nations in 2015 provide a
framework for businesses to align their strategies with global sustainability
targets, highlighting that businesses have a role in achieving these goals.
• New phase of accelerated progress towards the Sustainable Development
Goals in 2023 with high-level political guidance on transformative and
accelerated actions and goals to be reached by 2030.
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