Supply Chain Sustainability
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Supply Chain Sustainability
Supply-chain sustainability is the impact a company’s supply chain can make in promoting human rights, fair labor practices, environmental progress and anti-corruption policies. There is a growing need for integrating sustainable choices into supply-chain management. An increasing concern for sustainability is transforming how companies approach business. Whether motivated by their customers, corporate values or business opportunity, traditional priorities such as quality, efficiency and cost regularly compete for attention with concerns such as working conditions and environmental impact. A sustainable supply chain seizes value chain opportunities and offers significant competitive advantages for early adopters and process innovators. Background Supply chains are critical links that connect an organization’s inputs to its outputs. Traditional challenges have included lowering costs, ensuring just-in-time delivery, and shrinking transportation times to allow better rea ...
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Supply Chain
In commerce, a supply chain is a network of facilities that procure raw materials, transform them into intermediate goods and then final products to customers through a distribution system. It refers to the network of organizations, people, activities, information, and resources involved in delivering a product or service to a consumer. Supply chain activities involve the transformation of natural resources, raw materials, and components into a finished product and delivering the same to the end customer. In sophisticated supply chain systems, used products may re-enter the supply chain at any point where residual value is recyclable. Supply chains link value chains. Suppliers in a supply chain are often ranked by "tier", with first-tier suppliers supplying directly to the client, second-tier suppliers supplying to the first tier, and so on. Overview A typical supply chain begins with the ecological, biological, and political regulation of natural resources, followed by the ...
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Purchasing Power
Purchasing power is the amount of goods and services that can be purchased with a unit of currency. For example, if one had taken one unit of currency to a store in the 1950s, it would have been possible to buy a greater number of items than would be the case today, indicating that the currency had a greater purchasing power in the 1950s. If one's monetary income stays the same, but the price level increases, the purchasing power of that income falls. Inflation does not ''always'' imply falling purchasing power of one's money income since the latter may rise faster than the price level. A higher real income means a higher purchasing power since real income refers to the income adjusted for inflation. Traditionally, the purchasing power of money depended heavily upon the local value of gold and silver, but was also made subject to the availability and demand of certain goods on the market. Most modern fiat currencies, like US dollars, are traded against each other and commodity mon ...
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Environmental Audit
An environmental audit is a type of evaluation intended to identify environmental compliance and management system implementation gaps, along with related corrective actions. In this way they perform an analogous (similar) function to financial audits. There are generally two different types of environmental audits: compliance audits and management systems audits. Compliance audits tend to be the primary type in the US or within US-based multinationals. Environmental compliance audits As the name implies, these audits are intended to review the site's/company's legal compliance status in an operational context. Compliance audits generally begin with determining the applicable compliance requirements against which the operations will be assessed. This tends to include federal regulations, state regulations, permits and local ordinances/codes. In some cases, it may also include requirements within legal settlements. Compliance audits may be'' multimedia'' or ''programmatic''. M ...
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Efficient Energy Use
Efficient energy use, sometimes simply called energy efficiency, is the process of reducing the amount of energy required to provide products and services. For example, insulating a building allows it to use less heating and cooling energy to achieve and maintain a thermal comfort. Installing light-emitting diode bulbs, fluorescent lighting, or natural skylight windows reduces the amount of energy required to attain the same level of illumination compared to using traditional incandescent light bulbs. Improvements in energy efficiency are generally achieved by adopting a more efficient technology or production process or by application of commonly accepted methods to reduce energy losses. There are many motivations to improve energy efficiency. Decreasing energy use reduces energy costs and may result in a financial cost saving to consumers if the energy savings offset any additional costs of implementing an energy-efficient technology. Reducing energy use is also seen as a s ...
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Life-cycle Assessment
Life cycle assessment or LCA (also known as life cycle analysis) is a methodology for assessing environmental impacts associated with all the stages of the Product lifecycle, life cycle of a commercial product, Process lifecycle, process, or service. For instance, in the case of a manufactured product, Environmental issues, environmental impacts are assessed from raw material extraction and processing (cradle), through the product's manufacture, distribution and use, to the recycling or final disposal of the materials composing it (grave). An LCA study involves a thorough inventory of the energy and Material, materials that are required across the industry value chain of the product, process or service, and calculates the corresponding emissions to the environment. LCA thus assesses cumulative potential environmental impacts. The aim is to document and improve the overall environmental profile of the product. Widely recognized procedures for conducting LCAs are included in th ...
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Sustainability Measurement
Sustainability measurement are tools and methods that attempt to measure the degree of sustainability of processes, products, services, businesses and so forth. Sustainability is difficult to quantify, perhaps even immeasurable. The metrics used to try and measure sustainability involve the sustainability of environmental, social and economic domains, (both individually and in various combinations) and are still evolving. They include indicators, benchmarks, audits, sustainability standards and certification systems like Fairtrade and Organic, indexes and accounting, as well as assessment, appraisal and other reporting systems. They are applied over a wide range of spatial and temporal scales.Bell, Simon and Morse, Stephen 2008. Sustainability Indicators Measuring the Immeasurable?'' 2nd edn. London: Earthscan. . Some of the widely used sustainability measures include corporate sustainability reporting, Triple Bottom Line accounting, World Sustainability Society, and estimates of ...
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Covid 19 Pandemic
The COVID-19 pandemic, also known as the coronavirus pandemic, is an ongoing global pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The novel virus was first identified in an outbreak in the Chinese city of Wuhan in December 2019. Attempts to contain it there failed, allowing the virus to spread to other areas of Asia and later worldwide. The World Health Organization (WHO) declared the outbreak a public health emergency of international concern on 30 January 2020, and a pandemic on 11 March 2020. As of , the pandemic had caused more than cases and confirmed deaths, making it one of the deadliest in history. COVID-19 symptoms range from undetectable to deadly, but most commonly include fever, dry cough, and fatigue. Severe illness is more likely in elderly patients and those with certain underlying medical conditions. COVID-19 transmits when people breathe in air contaminated by droplets an ...
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Ethical Consumerism
Ethical consumerism (alternatively called ethical consumption, ethical purchasing, moral purchasing, ethical sourcing, or ethical shopping and also associated with sustainable and green consumerism) is a type of consumer activism based on the concept of dollar voting. People practice it by buying ethically made products that support small-scale manufacturers or local artisans and protect animals and the environment, while boycotting products that exploit children as workers, are tested on animals, or damage the environment. The term "ethical consumer", now used generically, was first popularised by the UK magazine ''Ethical Consumer'', first published in 1989. ''Ethical Consumer'' magazine's key innovation was to produce "ratings tables", inspired by the criteria-based approach of the then-emerging ethical investment movement. ''Ethical Consumers ratings tables awarded companies negative marks (and overall scores, starting in 2005) across a range of ethical and environmental cate ...
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BlackRock
BlackRock, Inc. is an American Multinational corporation, multi-national investment company based in New York City. Founded in 1988, initially as a Enterprise risk management, risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager, with trillion in assets under management as of January 2022. BlackRock operates globally with 70 offices in 30 countries, and clients in 100 countries. Along with The Vanguard Group, Vanguard and State Street Corporation, State Street, BlackRock is considered to be one of the Big Three index fund managers that dominate corporate America. BlackRock has sought to position itself as an industry leader in environmental, social and corporate governance (ESG). The company has faced criticism for worsening climate change, its close ties with the Federal reserve system, Federal Reserve System during the COVID-19 pandemic, Anti-competitive practices, anticompetitive behavior, and its unprecedented investme ...
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Airships
An airship or dirigible balloon is a type of aerostat or lighter-than-air aircraft that can navigate through the air Powered aircraft, under its own power. Aerostats gain their lift from a lifting gas that is less dense than the surrounding air. In early dirigibles, the lifting gas used was hydrogen gas, hydrogen, due to its high lifting capacity and ready availability. Helium gas has almost the same lifting capacity and is not flammable, unlike hydrogen, but is rare and relatively expensive. Significant amounts were first discovered in the United States and for a while helium was only available for airships in that country. Most airships built since the 1960s have used helium, though some have used hot air.A few airships after World War II used hydrogen. The first British airship to use helium was the Chitty Bang Bang (airship), ''Chitty Bang Bang'' of 1967. The envelope of an airship may form the gasbag, or it may contain a number of gas-filled cells. An airship also has ...
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Canals
Canals or artificial waterways are waterways or river engineering, engineered channel (geography), channels built for drainage management (e.g. flood control and irrigation) or for conveyancing water transport watercraft, vehicles (e.g. water taxi). They carry free, calm surface flow under atmospheric pressure, and can be thought of as artificial rivers. In most cases, a canal has a series of dams and lock (water transport), locks that create reservoirs of low speed current flow. These reservoirs are referred to as ''slack water levels'', often just called ''levels''. A canal can be called a ''navigation canal'' when it parallels a natural river and shares part of the latter's discharge (hydrology), discharges and drainage basin, and leverages its resources by building dams and locks to increase and lengthen its stretches of slack water levels while staying in its valley. A canal can cut across a drainage divide atop a ridge, generally requiring an external water source ...
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