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Increasing Sustainability can be Beneficial for Industry- Guest Speaker.docx

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Department
Management
Course
MGM102H5
Professor
Dave Swanston
Semester
Winter

Description
January 17, 2014 Increasing Sustainability can be Beneficial for Industry- Matt Vanderkooy • Sustainability: Meeting the needs of the present without compromising the ability of future generations to meet their own needs – U.N. Brundtland Report (1987) • The triple bottom line: Social, environment, economic  Economically and socially, it’s more difficult for town to get water supply  Environmentally, it is cleaning the water • Purpose of a business :  Drucker: Creating and keeping customers oCheaper products + branding  Friedman: Increasing shareholder value oCheaper products • Why businesses want to be sustainable from Harvard Business Review; DuPont’s CEO:  More of the world our customer  Increases shareholder value  Not Altruistic- Make profit • Externalities  Not paying costs of environmental impacts  Externalities and ecosystem limits: carbon dioxide • Short Term Planning  Use less resources and energy and break down costs • Geosyntec Consultants (help clients fix environmental problems and mitigate them)- Incorpor
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