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Sustainable development MUST CONSIDURING three elements economic, environmental and social (Venn diagram)
ENVIRONMENT
Consumption of
renewable
resources
More than
nature's ability to
replenish
State of
environment
Sustainability
Environmental
degradation
Not sustainable
Equal to nature's
ability to
replenish
Environmental
equilibrium
Steady State
economy
Environmental
renewal
Sustainable
development
Sustainability Challenges
The current practice of society and the world is obviously
unsustainable, reflected by those major issues on population growth,
energy consumption, global climate change and resource depletion.
The Chemical Industry faces a huge sustainability challenge from both
a financial and a societal perspective
SOLUTION :::
- companies must take a systematic value-centered approach focused
on simultaneously addressing both their financial and their societal
challenges.
what is Systematic value-centered approach
- also called as sustainable value
- Sustainable Value is value that is positive for shareholders and
stakeholders.
Sustainable Matrix
Shareholder value
Stakeholder
value
When a companys product or business is operating in the upper left quadrant there
are hidden (and sometimes not so hidden) risks. These could include loss of sales, etc
When operating in the sustainable quadrant (the upper right) there are a number of
benefits and opportunities such as enhanced reputation, etc
the right side shows the strategic risks and opportunities and
http://www.chemicalengineering.org/enviro/sustaina
identify
it is very difficult to predict with certainty how these alternatives will work
into the future, so we need to provide options and flexibility for change
and other action in the future
not just seek to balance the adverse and positive impacts on economic,
social and environmental factors in the challenge we are addressing but
seek gains in all three
ensure non-renewable resources are used, wherever possible, only for the
creation of permanent new assets
aim for durability, flexibility and low impact products and infrastructure
live off the interest rather than depleting natures capital assets
recognise that the environment is an ecological system, and assess the
carrying capacity of the environment and natures capacity for regeneration
Society
then identify the wants as well as the needs, so that the full
spectrum of problems, issues and challenges is known
ensure that the effort and resources devoted to avoiding unsustainable development remains in proportion to the anticipated
effect dont use a sledgehammer to crack a nut
The environment belongs to us all and its free use for absorption
of our wastes or its unfettered exploitation are not sustainable.
The adverse, polluting effects of any decision should, in some
way, be paid for or compensated for by the proponent of an
engineering project, scheme or development; they should not be
transferred to others without fair compensation. In addition, it
may be necessary to anticipate future pollution prevention
legislation if a long-term project is to be sustainable.
fulfil any Corporate Social Responsibility Policies that apply, and promote
their development if they do not exist
Adhering to the Principles explained so far should ensure that right decisions
from a sustainability point of view have been made in relation to the
circumstances that apply. The implementation of these right decisions
must then pay full regard to doing things right, again from a
sustainability point of view. To deliver this Principle,we need to:
We are unlikely to arrive at our best decisions first time every time. So
we need to challenge ourselves and refine those decisions, whilst
remaining focused on the intended outcome.We therefore need to:
-Thank you-