What is the definition of sustainability?
Answer(s): D
Sustainability encompasses:· A: The Brundtland Report definition (1987), widely accepted globally. · B: A practical description of indefinite continuation across three pillars. · C: A management-focused view aligning with CSR and procurement.The CIPS L3M6 module integrates all these perspectives into its definition of sustainability, reflecting its multifaceted nature.
CIPS L3M6 Study Guide, Section on Definition of Sustainability.
It's been reported that approximately 66% of global consumers would be willing to pay more for products from a company that demonstrates corporate social good.
Answer(s): A
Studies, as referenced in the CIPS L3M6 module, indicate that around 66% of global consumers are willing to pay a premium for products from socially responsible companies. This reflects the growing influence of CSR on purchasing behavior, empowering customers to drive sustainability in supply chains.
CIPS L3M6 Study Guide, Section on Consumer Influence and CSR.
Customers in the supply chain have no purchasing power to encourage suppliers to act on sustainability.
Answer(s): B
Customers wield significant purchasing power to influence suppliers toward sustainability, as their preferences for ethical products can drive supplier behavior. The CIPS L3M6 module highlights this leverage as a key mechanism for promoting CSR and sustainable practices in supply chains.
CIPS L3M6 Study Guide, Section on Customer Power in Supply Chains.
What was the world's first international standard for sustainable procurement, launched in 2017, designed to help organizations reduce their impact on the environment, tackle human rights issues, and manage supplier relations?
ISO 20400, launched in 2017, is the first international standard for sustainable procurement. It provides guidelines to reduce environmental impact, address human rights, and improve supplier relations, aligning with CSR goals. The CIPS L3M6 module recognizes it as a pivotal tool for sustainable procurement strategies.
CIPS L3M6 Study Guide, Section on ISO 20400.
The system by which organizations are directed and controlled is known as what?
Corporate Governance is the system of rules, policies, and practices by which organizations are directed and controlled. It ensures accountability, transparency, and ethical conduct, supporting CSR and sustainability. The CIPS L3M6 module defines it as foundational to responsible business management.
CIPS L3M6 Study Guide, Section on Corporate Governance.
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