Sustainability Asset Management (SAM)

Sustainability Asset Management (SAM) Introduction The concept of Sustainability currently is been paid more and more attention. The idea of Triple Bottom Line (TBL) which Economic, Social and Environment or Profit, People and Planet (PPP) are concerned not only from societies or non-government organization (NGO) but also from all stakeholders; shareholders, investors, employees, customers, etc.. As there are many studies on corporate sustainability, corporate social responsibility which many of them shown positive outcome or positive relation between corporate sustainability and corporates performances or outcomes in either in monetary or non-monetary term or both (Groot Churet, 2009; Peters Mullen, 2009; Samy, Odemilin, Bampton, 2010). Monitoring system has been developed to make business more sustainable by supporting corporation to measure, indicate, monitor and report their operation or sustainability activities and performance for their performance improvement overtime. A characteristic of monitoring system should be accurate, balance in performance accounting, comparable, easy to understand and match to firms activities plan (GRI, 2010) which also mean monitoring system should able to assess sustainability performance respect to the legislation, norm, code, and standard with accountability, be able to continuous developed according to the expectations, be able to interpret and understand the positive and negative impact to the firms, comparability over companies, over time that can support organization to make decision for organization strategy, implementation plan, outcome and continuous improvement (GRI, 2010). One of the most well-known monitoring systems is Global Reporting Initiative (GRI) which will expl ore further detail in this report. This report will briefly introduce the history and the development of sustainability accounting and reporting following by the overview concept of SAM Sustainability Asset Management, Dow Jones Sustainability Indexes (DJSI) and Global Reporting Initiative (GRI) as monitoring systems. Then review and analyze a selected company, Nestle as a leader multinational food Producer Company in which their vision and mission are concerning not only on economic but also environment and social as their hope to be a part to shape the world for more sustainable (Nestle, 2010). Furthermore its relevant sustainability dimensions will be identified and described on the boundary implemented in its operation, including the indicator measured and results reported to the publics, its limitation, challenges and how will it use those indicators for company performance improvement. Literature review history and development One of the literatures of sustainability accounting and reporting development reviewed from Burritt and Schaltegger (2010) which aim to classify paths and the future of sustainability accounting and reporting assessment mentioned that there are two main developing tracks. The first one is a viewpoint of a critical theory which seen sustainability accounting development as a cause and source from corporate sustainability problems which may not reach the purpose of firms sustainability information disclosure and can be seen as a fashionable which may fade out after sometime. While another path looks sustainability reporting as a tool for management to support and make different decisions and actions according to those information. In the critical path sustainability accounting development, the Bruntland Report, World Commission on Environment and Development (WCED), was published in 1987 and seemed to pull attention from the public for the global need of sustainable development but because insufficient understanding of sustainability this corporate sustainability report was not well defined and been abandoned (Burritt Schaltegger, 2010). Even the sustainability accounting process and reports was not clear though some companies still use sustainability reports caused by the pressure from both internal stakeholder managers and external stakeholder publics, media, societies to gained competitive advantage as reputation, market opportunities and to perceived from others perception on sustainability (Bebbington et al. as cited in Burritt Schaltegger, 2010). Another sustainability accounting development, managerial path, by comparing the financial accounting, the management reports were designed to meet the need of firms managers for decision making, planning and controlling while financial statements e.g. balance sheet, financial performance reports were designed for external stakeholders in which the first sustainability reports tried to linked with these accounting reports by integrating economic, social and environment aspect to support management decision and other stakeholder decision. Burritt and Schaltegger (2010) proposed three approaches for sustainability accounting which are inside-out, outside-in and twin-track. For the first approach inside-out, it is an approach for a company to define its business strategy, implementation plan and make decision from sustainability performance measurement and reporting that trying to contribute to social and environment together with economic to strengthen their market position, gain competitive advantage from good reputation or value added to customers and even in monetary term from new technologies concerning with triple bottom line or innovated process that reduced waste, energy saving, emission reduction which decrease operational expenses and increase profit for the firm. Secondly, the approach of outside-in is an approach from external organization such as Global Reporting Initiative (GRI) that supply guideline for a company for sustainability reporting and can be used as a driven forces for management consideration of how can the firm contribute to sustainable development and meet expectation from stakeholders. In which GRI is one of the best well-known sustainability reporting guideline (Brown et al. as cited in Burritt Schaltegger, 2010). Also, the way to measure, indicate, monitoring and reporting had taken into account as the study on the market reaction to the first-time release of corporate sustainability reports (Guidry Patten, 2010) in which they examined from US firms report according to Global Reporting Initiative (GRI) found that even there were no significant market reactions from the corporates sustainability released announcement but the it is positive significant to the quality of the reports in which the more market reaction to the highest quality report than lower quality report. Those evidences could implicate that people (investors in this study) are more concern in the detail or quality of the sustainability not only to have or simply mention corporate social responsibility in the annual report (Erusalimsky et al. cited in Guidry Patten, 2010). Monitoring System: SAM Dow Jones Sustainability Indexes and Global Report Initiative One example of monitoring system that has been develop as the important of corporate sustainability and increased interested from organizations stakeholders consist of societies, media, customers, employees, NGO, investors etc. reviewed earlier, an asset management company in Switzerland, SAM; Sustainable Asset Management, specializing in corporate sustainability investments has founded in 1995 and turn to be one of the worlds leading investment groups, looking for and identify the leading companies base on sustainability criteria using one of the largest sustainability corporation database by cooperated with Dow Jones Sustainability Index (DJSI) in analyze companies all over the world in yearly basis (SAM, 2009). In 2009, from 2,500 largest companies according to Dow Jones Wilshire Global index had been analyzed and only 15% 367 companies in 57 different sectors were qualified which classified in three different level; SAM Gold Class scored more than 75%, Silver Class scored 70-75% and Bronze Class scored 65-70%. The scores were measured across all three perspectives economic, social and environment. As mentioned the SAM collaboration with DJSI. DJSI is one of the biggest and longest datable that has been launch in 1999 provided reference point for corporate sustainability assessment by measuring and indexed base on economic, environment and social criteria of the firms. The assessment processes are conducted annually by SAM using different weighted criteria in general and specific-industrial to assess companies according to firms opportunities and risk from their sustainability trends. The assessment are the response from the companies based on SAM questionnaire including companies document and from others third-party. This assessment report then will assure by Deloitte defining rules. The dimension, criteria and weighting are shown as diagram below: Source: Dow Jones Sustainability Indexes, 2010 Another example of monitoring system is GRI Global Reporting Initiative which has developed in 1997 from the idea to disclosure sustainability information framework by CRES, non-profit organization in Boston, the pioneer of environmental reporting framework since early 1990s. The first GRI version of sustainability report guidelines, G1 guideline, had released in 2000 following by the G2 Guideline in 2002 and the recent version of GRI, G3 Guideline launched in 2006 (GRI, 2010). The GRI Guideline aim support an organization to what it has to report and how to report. The overview concept can be explained by the figure: Source: Global Reporting Initiative: G3 Framework and Executive Summary (GRI, 2010). In how to report, the GRIs Principle Guidance and Protocols are provided to ensure that the report is focused to both internal and external stakeholders value. In the principle and guidance part the processes are first, to define the report content relating to core component, stakeholder comprehensiveness, sustainability perspective and completeness. Secondly, make sure the report quality by concerning with accuracy, balance, comparable, easy to understand, timely and reliable of the report. Third, set the report boundary by determine the organization unit, function or process to be include in the report. Another part on what to report Standard Disclosure, Sector Supplements and National Annexes are provided and using three different measurements which are: Profile to express strategic approach and governance, Second, Management Approach to explain the sustainability goals and management used and Third, Performance Indicators which accountable on economic, environment and social performance. Company Description: Nestlà © was established in 1867, Switzerland by Henri Nestlà © (Koese, 2008). The meaning of Nestlà © is little nest (Nestlà ©, n.d.). The first product of Nestlà © was FarineLactee Nestlà © for children who mother cannot feed them with the breast. The current product line including chocolates, soups, instant coffee, cornflakes, frozen foods, seasoning and mineral water as well as they expanded their products to pet foods, pharmaceutical, and cosmetics (Sefcik, n.d.). Nestlà © accomplished with the innovative and business acquisitions to become the world largest Food Company in term of sales which has factories in 83 countries globally. The vision of Nestlà © is known as the leading in Nutrition, Health, and Happiness company (Nestlà ©, 2010; Mali, Ali, Rana, Ilyas Khan, n.d.). According to Nestlà © (2010) stated that Our mission  of Good Food, Good Life  is to provide consumers with the best tasting, most nutritious choices in a wide range of food and beverage categories and eating occasions, from morning to night. With it vision and mission, Nestlà © focuses on 5 areas namely the consumers, human rights and labour operations, human resources, supplier and customers, and environment (The Nestlà © Corporate Business Principles, 2010) using 10 principles on its business operations consist of: Consumers Nutrition, health, and wellness is the first principle that company needs to increase the quality of consumers daily life by adding more tastier and healthier to their products. Quality assurance and product safety provides the safe and high quality to consumers. Consumer communication, the company provide responsible to consumers to reach consumers need such as infant foods. Human rights and labour operations Human rights in our business activities is the fourth principle which emphasizing providing and supporting good real situation of human right and labour performances via business activities. Human resources Fifth principle is leadership and personal responsibility by respecting and reputing to all staff as well as motivating and providing opportunities to develop themselves in management and leadership. Safety and health at work is the sixth principle of business operations that concern with obviating the hazard, harm, and sickness from work. Suppliers and customers The seventh principle is suppliers and customers relations by expressing the reliability and equality to contractors and clients. Agriculture and rural development, the company provides the advancement in the production, community, and financial to farmers and rural people as well as create environmentally friendly in term of sustainability. Environment Ninth is environmental sustainability. The company takes the sustainability in environmentally friendly into action through business activities as well as product life cycle by using the resources efficiently. The last principle is water due to the company create the sustainable of water as well as development in water systems by managing as the confining resources. Sustainability dimensions most relevant to Nestlà © Nestlà © is responsible for creating the corporate achievement in long term in term of creating shared value. (Nestlà ©, 2009) The company follows the highest standard of business activities and environmental sustainability which concerns in various areas of sustainability such as socio-cultural, economic, and environmental. Refer to the companys objective is known as the leader in Nutrition, Health, and Wellness; it relates with the sustainable in triple bottom lines such as financial, social, and environment issues (Nestlà © Oceania, 2009). Nestlà © believes their business activities in term of sustainability can create environmentally friendly for future. (Nestlà ©, 2009) Regarding to sustainable development to Nestlà ©, it can define as the expansion that reach the need in the present by using the fully ability to satisfy individuals need of next generation. Description: CSV Conversely, the company makes business profit in long term by going beyond cooperation and sustainable to create value for investors and society. In addition, Nestlà © emphasizes on the global environmental issues such as nutrition, water, and rural development as well as these issues can create strong business strategy and competitive advantage to increase the shareholder value and attain the socials requirement (Nestlà ©, 2009). The dimensions relevant to Nestle are categorized as: Socio-cultural dimensions First of all, nutrition is one of the relevance of Nestlà ©s sustainability due to the company focuses on helping people and society healthy (Nestlà ©, 2009). The company creates the nutrition aim to improve health and provide more choice to consumers as well as adding up quality of life. In addition, the company also focuses on the lowest impact with environmental problems. Moreover, the company needs to provide knowledge and understanding in the consumers. The company tries to develop and improve their products with high quality of foods to support low-income consumer as well as pursuing with World Health Organizations regulation. Furthermore, Nestlà © renovates products by providing the nutrition labelling and descriptions on the packaging as well as develop nutritional knowledge and training in infant formula marketing employees (Nestlà ©, 2009). Nestlà © has several aspects that make corporate sustainability. For instance, the research and development is one of factor that concern for the social sustainability. The RD needs to have well planning to drive the company achievement in the consumers needs. The company also provides diversify of products to improve branded active benefits for health benefits to customers. However, there are some problems that Nestlà © faces such as the increasing rate of obesity in the developing countries (Nestlà ©, 2009). Second, rural development is one of aspects that Nestlà © concerns due to the company works directly with the farmers. Most of them live in the rural areas and work as agriculturists. Nestlà © creates sustainable by supporting them to have better standard of living, increasing in productivity, and protecting the environment. The company also has the high quality of raw material to support the consumers and make more profit because they reduce the intermediaries. Nestlà © supports social sustainability by providing the knowledge, loans, rural employment, and training as well as technical assistance to rural people. The company also manages the relationship with suppliers to save the distribution costs and obtain high quality of raw materials. Moreover, the company can create shared value via supplier development by providing training and knowledge as well as reach high standard of the company (Nestlà ©, 2009). Last are human resources that focus on the sustainability and stability in work life as well as the employees satisfaction. Nestlà © aims to invest for professional training and development in quality of staff as well as provide the job opportunities and environmental in the workplace. The company also needs to create the respect and parity at all level within the company (Nestlà ©, 2009). Health and safety is one of the important factors that can create the sustainability in organization such as the zero accident during work. Employees need to work in the secure and comfortable place which can create more productivity. The relationship within employee is emphasizing on the human rights, culture and equity which can connect to the sustainable in corporation. Moreover, Nestlà © concerns in the gender balance in term of multicultural diversity within the company. Training and learning are necessary to create business success by staffs need to understand their job and use effectively skills as well as the company provides the management training and leadership development to their employees. In addition, Nestlà © creates in employee engagement and workplace wellness to build corporate sustainable (Nestlà ©, 2009). Environmental dimensions Nestlà © concerns in water and environmental sustainability which improve production process and environmental performance as well as they produce goods with lowest environmental effect. The company launches the environmental sustainability programs to reduce use in water and natural resources as well as develop the packaging to maintain environmentally friendly. Moreover, company promotes more sustainable in supply chain management in water. Nestlà © is continuing to improve the environmental performance such as water resources and reduce the energy consumption as well as renovate energy sources (Nestlà ©, 2009). Nestlà © has environmental management to improve the sustainable development in order to business activities. The company is also responsible for engaging stakeholders performance and capture leadership role. The company also creates the environmental sustainability in product life cycle by focusing on the environmental impacts such as production process, conveyances, a nd consumption. Water is the natural resources that an essential for Nestlà © due to the company uses water for agriculture. (Nestlà ©, 2009) Therefore the company manages the water resource as main factors of creating shared value. Another factor is climate change, Nestlà © concerns for the greenhouse gas emanation by improving energy, and converting to cleaner fuels as well as renewal of energy. Moreover, transport and distribution, the company works on the environmental impact to reduce the environmental issues. The company also reduces the waste and recovery of by-products and increases the reprocess of by-products as well. In addition, Nestlà © emphasizes on the packaging due to it is necessary for food safety by providing the nutritional information to consumers. Hence, the company focuses on the innovative of packaging that makes from natural resources such as plastics as well as motivates consumers to reuse plastic bottle (Nestlà ©, 2009). Economical dimensions Nestlà © provides the economic sustainability through the principles and policies which concerns in management approach. (Nestlà ©, 2009) Nestlà © also indicates the economic sustainability into risk and opportunities in climate change. Nestlà © create sustainability in core strategy in term of rural development due to the company provides knowledge training to communities as well as develop the rural areas. Moreover, the company provides long term micro financial loans to farmer as well as employment. Nestlà © has project to invest and develop in term of agriculture activities such as growing and improving coffee quality and sustainability. Nestlà © also shares the Creating Shared Value and supply chain in order to consumers, suppliers and distributors, industry, employees, government, and shareholders which sharing as consumer surplus, suppliers of raw materials and packaging, price and cost of company productivity, job and revenue of staff, taxes, and enhance in share-holder value. Analysis of Nestle indicators From Nestle company perspective, they believed that Creating Shared Value for societies that go beyond regulations, business principle, code of conduct compliance and sustainability to protect the future concerning with all stakeholders can create long-term value for their shareholder and company value in the term of economic, innovation, social and environment too. They are support UN Global compact and committed business principle base on sustainability and had developed conceptual framework measured the impacts on all stakeholders which depict as the figure below. Apart from the stakeholders impact matrix mentioned, they also looked in to materiality issues and analyze on their value chain which concerning from stakeholders and identified key performance index, focused area and prioritize according to degree from low to high of the impact and the interest of society that helped the company to utilize resources allocation, clearly goals setting and proper action plan in each focused areas. Source: Nestle Creating Shared Value, published on www.nestle.com, 2010 Analyzing to the Nestle monitoring system, their recent indicators are measured and reported in the form of United Nation Global Compact Principles which are Economic, Nutrition, Water, Environment Sustainability, Rural development, Suppliers, People and in addition with external assessment from SAM using Dow Jones Sustainability Indexes (DJSI) and Bureau Veritas assurance for Global Reporting Initiative (GRI). This report will describe and evaluate indicators from the dimensions of Socio-Cultural, economic and environment by using DJSI and GRI for analysis. Overall, results of performance indicator by SAM, Nestle been classified in to SAM Gold Class and ranked second leader in Food Producers Sector according to SAM methodology and assessment as shown in figure below. Source: SAM Sustainability Yearbook 2010 The performance indicators measured were weighting across Economic 34%, Environment 29% and Social Dimension 37% which can been seen that it got highest score in Social Dimension and almost highest in Environment Dimension that match with the firm focused areas on Nutrition, Rural development Our people as Social and Water Environment Sustainability as Environment Dimension as shown in table below. Source: SAM Company Benchmarking Scorecard, Corporate Sustainability Assessment, 2010 Looking into another indicator, GRI, Nestle GRI report shown its application level on B+ which mean they met criteria requirement in level B shown below and the report assured by external auditor Bureau Veritas. The reasons Nestle not met level A are because the reports did not respond to core G3 version and Sector Supplement Indicator; Nestle are categorized in Food Producers Sector. Source: GRI Application Levels version 3.0, 2010 The detail indicator analysis according to different dimension will explain in the following section. Economic Dimension DSJI Sustainability Assessment in economic dimension In DJSI Economic Dimension, it evaluated in 6 criteria indicators using the Sustainability Assessment questionnaire responded from the company, Nestle, consist of Corporate Governance Risk Crisis Management Code of Conduct / Compliance / Corruption Bribery Innovation Management Health Nutrition Strategy for Emerging Markets The DJSI report of Nestle Company evaluated by SAM can be seen as table below: It can be seen that Nestle Score are more than average in every area that evaluated by the answers responded from the questionnaire. For example: In corporate governance, it reported Checks Balance of the Board structure using two-tier system with supervisory board from non-executive and independent directors of total 14 persons compared to 13 from management board from executive management and the role of CEO is split from Chairman. It reported formal corporate government statement. There are 3 women in board for gender diversity. Board owned the company stock to align with long-term interest of shareholders. Another example in Risk Crisis Management including water and climate which Nestle got the best score shown that it assigned specific management staff Head of Group Risk Management, to response and report in this area, it using risk analysis tool such as HACCP, Fault Tree Analysis (FTA), etc. and correlated analysis all this risks to business and financial risk including sensitivity and stress test such as change in carbon pricing, water quality. It has contingency plans using Nestle Environmental Management System (EMS) including ISO14001. More detail questionnaire answers can be seen from SAM Research Corporate Sustainability Assessment Questionnaire, DJSI Sustainability Assessment 2010, NESTLE SA/AG. Global Reporting Initiative (GRI) for Economic dimension measuring in 3 performance areas as Economic performance, 4 indicators: EC1, EC2, EC3 and EC4 Market presence, 3 indicators: EC5, EC6 and EC7 Indirect economic impacts, 2 indicators: EC8 and EC9 For example: Nestle reported EC1: Direct economic value generated and distributed as below figures: It reviewed that the group achieved organic growth of 4.1% but because of Swiss franc currency weakness, it reported sale down to 107.6 Billion CHF. While the EBIT margin is increased to 14.6% and also dividend per share are increased 14.3%. The profitability is increased because of the cost saving target from Nestle Continuous Excellence (NEC) program. Also it increases its RD investment by 1.9% of sale for long-term brand building and investment. Another example of EC2 Risks and opportunities due to climate change: It can be seen that Nestle has improve energy efficiency and renewable energy expansion use over year such as it reduced greenhouse gas emissions by 3.1% from 2008. Environmental Dimension DSJI Sustainability Assessment in environmental dimension The score are measured in 8 different sub dimensions and Nestlà ©s score are shown in below table: Nestlà ©s all scores are above the average and some of them get the best score. Those score achieved by the company performance, for example in Environmental Policy / Management System, Nestle has adopted environmental policy which committed to environment since publish global policy on environment in 1991 where preserving natural resources and reduced wasted are in its operations which include the reduction use of water per kilo of food and beverage produced, signed UN Global Compact, improved environment through SAI-platform (Sustainable Agriculture Initiative), participated Carbon Disclosure Project (CDP), shared knowledge through Greening the Supply Chain (CGS) program which help suppliers to develop their EMS (DJSI, 2010). Nestle EMS verify by ISO14001. Another indicator in Operational Eco-Efficiency, reported that the EP- Direct Greenhouse Gas Emissions in 2009 was 3976158 Metric ton CO2 equivalent compared to 4104488 in 2008, also Indirect Greenhouse Gas Emissions, Energy purchased, Water consumption, Waste generation were reduced from the previous year. Additional example of Packaging indicator, Nestle policy is integrated with environmental aspects which applied to holistic life cycle farm to consumer to reduced weight and volume of materials, Packing reduction, recyclable packaging, use recycled materials, biodegradable packaging, recovered energy from used packages in which all detail reported can be seen from Nestle publications, eco-design and by invested in RD Sustainability Council to ensure that sustainability is taking in to account in all development products. Global Reporting Initiative (GRI) in Environment Dimension are measured in 9 different areas as Material: 2 indicators EN1 and EN2 Energy: 5 indicators EN3 to EN7 Waster: 3 indicators EN8, EN9, EN10 Biodiversity: 5 indicators EN11, EN12, EN13, EN14 and EN15 Emissions, effluents and waste: 10 indicators EN16 to EN25 Products and Services: 2 indicators EN26 and EN27 Compliance: 1 indicator EN28 Transport: 1 indicator EN29 Overall: 1 indicator EN30 At Nestle, for example in Material EN1: Materials used by weight or volume, it shown that it reduced 58,995 tons of materials weight from 21.43 million tons in 2008 to 21.18 million tons in 2009 as table below: Next example of Energy EN3: Direct energy consumption by primary energy source. It can be seen that Nestle had reduced energy consumption and move toward renewable energy sources. Additional example of Water EN8: Total water withdrawal by source in which Nestle aim to be the most efficiency water user and they can reduced 143 million cubic meters in 2009. Another example of Emissions, effluents and waste EN16: Total direct and indirect greenhouse gas emissions by weight reported reduced in 2009 compared to 2008. Further example of Products and Services EN26: Initiative to mitigate environmental impacts of products and services, and extend of impact mitigation. Nestle conducted Life Cycle Assessments to determine the impact to environment from its product such as coffee products and used those information for RD and share among communities for further improvement as shown in figure below: Social Dimension DSJI Sustainability Assessment in social dimension SAM was assessed in 7 main area indicators which Nestle assessment score are shown as below table: For example in Labor Practice Indicators, Nestle reported that it has a strict policy of non-discrimination base on gender, ethnic, nationality, religion and performance characteristic which from the Labor KPI as Non-Discrimination / Diversity shown 33% of women in the workforce and 27% in management position and the diversity distribute among 33.9% in Europe, 38% in America 28.1% in Asia, Oceania and Africa. Also for the safety in the workplace it used international standard of OHSAS 18001 as safety work indicators in which only 0.23 in

Story of Stuff

The Story of Stuff is a fun, clear, lively, and timely treatment of the materials economy that shows how the real industrial economy intersects with sustainability. Although the economy appears to undermine sustainability, it works for the burgeoning global middle classes, for now, as the middle class increases consumption, the demand that elicits production. This theme is central. I test marketed the book and others among students in various settings, discovering that students preferred The Story of Stuff and learned from studying the book.The core concept, the materials economy, is not a formal term derived from economic theory. The materials cycle comes close to the concept of supply chains, however. Annie may have invented the term to suit her purpose here: more trees and less stuff (read, waste). I have used the cycle process model effectively in my public policy course. View the logo and click on the ovals to see this process framework in action. The material cycle model is a c omprehensible, dynamic, and flexible container.The book treats the economy as a grounded and concrete phenomenon rather than an abstract and detached set of theories. The actual economy provides the substance of ENST305, not the abstracted theories such as neoclassical economics, which will be treated immediately after The Story of Stuff, as displayed in the schedule. The strategic move, from Karl Polanyi: examine the substantive economy, not formal economic theory per se. See my overview of Karl Polanyi as social ecology.The critique of ecological economics at the macro-level, or big picture level, is squarely upon the growth in physical scale of the economy. Note that growth is distinct from development, an improvement in quality or the actualization of potential. But expansion and intrusion is what stuff is all about: stuff is tangible and physical. Note that the book does not really treat the service economy, but focuses on the world of commodities that are products (goods), not services per se. The notion of externalities, the micro-level critique of ecological economics, is central to the The Story of Stuff.See page XX. View a video that explains how even this page, located in the cloud, contributes to climate change/. Fairness is central to the book. World Sustainability, after all, must be fair. See the article recommended by Joaquin Maravillas about Ugandans being pushed off their land for the sake of environmental services. This may help in dealing with climate change but is unacceptable. This shows how commodification, even of environmental services, can lead to what David Harvey terms dispossession.I have discovered that The Story of Stuff works for students who have not yet studied economics or feel put off by economics. The book makes economics accessible but does so in the context of sustainability. Students report that they learn from the book and find the book accessible to them. This matters, a lot. Notice the chapter titles. We will discuss and contrast with the paradigm of orthodox economic theory (neoclassical economics) and also ecological economics. This gets us into the materials economy from an industrial ecology perspective. Story of Stuff The Story of Stuff is a fun, clear, lively, and timely treatment of the materials economy that shows how the real industrial economy intersects with sustainability. Although the economy appears to undermine sustainability, it works for the burgeoning global middle classes, for now, as the middle class increases consumption, the demand that elicits production. This theme is central. I test marketed the book and others among students in various settings, discovering that students preferred The Story of Stuff and learned from studying the book.The core concept, the materials economy, is not a formal term derived from economic theory. The materials cycle comes close to the concept of supply chains, however. Annie may have invented the term to suit her purpose here: more trees and less stuff (read, waste). I have used the cycle process model effectively in my public policy course. View the logo and click on the ovals to see this process framework in action. The material cycle model is a c omprehensible, dynamic, and flexible container.The book treats the economy as a grounded and concrete phenomenon rather than an abstract and detached set of theories. The actual economy provides the substance of ENST305, not the abstracted theories such as neoclassical economics, which will be treated immediately after The Story of Stuff, as displayed in the schedule. The strategic move, from Karl Polanyi: examine the substantive economy, not formal economic theory per se. See my overview of Karl Polanyi as social ecology.The critique of ecological economics at the macro-level, or big picture level, is squarely upon the growth in physical scale of the economy. Note that growth is distinct from development, an improvement in quality or the actualization of potential. But expansion and intrusion is what stuff is all about: stuff is tangible and physical. Note that the book does not really treat the service economy, but focuses on the world of commodities that are products (goods), not services per se. The notion of externalities, the micro-level critique of ecological economics, is central to the The Story of Stuff.See page XX. View a video that explains how even this page, located in the cloud, contributes to climate change/. Fairness is central to the book. World Sustainability, after all, must be fair. See the article recommended by Joaquin Maravillas about Ugandans being pushed off their land for the sake of environmental services. This may help in dealing with climate change but is unacceptable. This shows how commodification, even of environmental services, can lead to what David Harvey terms dispossession.I have discovered that The Story of Stuff works for students who have not yet studied economics or feel put off by economics. The book makes economics accessible but does so in the context of sustainability. Students report that they learn from the book and find the book accessible to them. This matters, a lot. Notice the chapter titles. We will discuss and contrast with the paradigm of orthodox economic theory (neoclassical economics) and also ecological economics. This gets us into the materials economy from an industrial ecology perspective.

The How to Write a Term Paper Wiseessays.com Pitfall

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Differences Between Men And Women As Victims Of Domestic...

This part of the dissertation will cover the similarities and differences between men and women as victims of domestic violence. The first topic that will be discussed is reporting. It can be difficult to understand or grasp the concept that men can be abused by women and nearly near the rate that women are assaulted and abused by men. In the white paper (Home Office, 2003) domestic violence was mainly described in terms of violence against women, males were largely ignored despite being acknowledged. In the white paper (Home Office 2016) things appeared to be different as male victims were acknowledged which suggests that it is becoming widely known that there is violence against men and it is being viewed as an issue. The Northern Rock Foundation concluded from their research that some males did not report partner abuse because they considered the occurrence too trivial and not worth reporting. Their research also looked into the large differences between the experiences of males a nd females; it was found that females were the main group to ask for help and also communicate with services. DOJ figures indicated that males are 11 percent less likely than women to report any type of violent crime that they were victims in. Ivankovich suggests that there are a number of explanations why male victims are unwilling to report. Men suffer abuse in silence because they fear that they will not be believed and people may jump to worse conclusions such as he is the perpetrator. MalesShow MoreRelatedAnalysis Of Rhonda Copelon s Article Intimate Terror 878 Words   |  4 Pagesintense use of written word, Copelon presents her ideas on domestic violence within the private household very successfully. In this article, the author’s primary focus is comparing violent domestic abuse to official torture. This comparison could understandably be misinterpreted. However, Copelon is very quick to ensure that the two are not generalized and looked at as being the same. She assures that â€Å"[o]fficial torture and domestic violence are not the same; each is unique in its egregiousness†Read MoreFamily Violence And Domestic Violence1405 Words   |  6 PagesIntroduction Family violence, also known as domestic violence is the disorderly conduct by a person to another person, a family, or a family’s property. It is violence between family members and between people in domestic or intimate relationships. Generally family violence behavior is predicted to be as physical abuse, however there are a wide range of behaviors involved. These behaviors include, sexual abuse, verbal abuse, physical abuse, economical abuse, emotional abuse, social abuse, and spiritualRead MoreDomestic Violence : A Social And Legal Problem1344 Words   |  6 PagesHistorically, domestic violence has been viewed as a private issue to be dealt with between partners. It wasn’t until the 1970s that intimate partner violence (IPV), also known as domestic violence, became recognized as both a social and legal problem. Policy and lawmakers have been avidly defining the roles of the criminal justice system and communities in responding to domestic violence since its offici al acknowledgements as a public issue. Male Victims’ Experiences with Domestic Violence Our societalRead MoreThe Fundamental Problems Men And Women791 Words   |  4 PagesThis essay will tackle the fundamental problems men and women face in regard to domestic violence. It looks into the effectiveness of non-molestation orders under Section 42 of the Family Law Act 1996. The research applied, draws upon journal articles, books and cases to analyse how effectively men and women are protected. The aim is to ascertain whether or not the law is equal in treating male victims of domestic violence as they do with females. It will also highlight the problems in the law soRead MoreThe Null Hypothesis : Gender Bias928 Words   |  4 Pagestowards male victims. †¢ When asked if DV affects a significant number, small number of men or doesn’t affect men, 53.2% male respondents and 58.6% female respondents think that it affects a small number of men. Only 23.8% male respondents and 31.3% female respondents think a significant number of men are affected and a further 10.9% male respondents and 10.1% female respondents think it doesn’t affect men. Since the p value show no statistical relationship, there is no difference between how men and womenRead MoreDomestic Violence And Its Effects On Society1163 Words   |  5 PagesDomestic violence can be describe as one of the most gruesome and misunderstood crime in our society. It can be as simple as verbal abuse and as complicated as a homicide where we walk a thin line between intentional harm and self-defence. There are two distinctive differences or stages of domestic violence. The first being some sort of â€Å"controlling behaviour explained as a range of acts designed to m ake a person subordinate and/or dependent by isolating them from sources of support, exploiting theirRead MoreWhy Do We Assign Violence A Gender?1323 Words   |  6 PagesMaisie McGregor Discursive Essay - Draft One Why do we assign violence a gender? â€Å"How can we affect change in the world when only half of it is invited or feel welcome to participate in the conversation?†Ã¢â‚¬â€œ Emma Watson - UN Women Goodwill Ambassador, speaking at the UN Headquarters in New York on 20th September 2014 Imagine this – you’re lying on the bloodstained living room carpet in your flat in North London. Your partner has just stabbed you in the back of your thigh with a breadknife, followingRead MoreDomestic Violence : A Serious Problem1381 Words   |  6 PagesThere is no denying that domestic violence directed towards women is a serious problem all over the world, and here in the United States. The National Coalition Against Domestic Violence reports that every 9 seconds, a woman is physically assaulted or abused in America.(NCADV) To understand domestic violence, one must first understand what domestic violence can consist of, and that is; the use or threat to use physical, sexual, or verbal behavior to force the partner to do something one wants; toRead MoreThe National Coalition Against Domestic Violence860 Words   |  4 PagesDomestic violence is violent or aggressive behavior pattern in a relationship between two partners within the home. Domestic Violence typic ally involves one of the individuals I the relationship to be controlling and wants to take advantage and control of the other. The University of Louisiana at Monroe needs a new organization that can make a difference and give both women and men a sense of hope and safety; this solution should be the National Coalition against Domestic Violence (NCADV). The NationalRead MoreDomestic Violence And Sexual Harassment1645 Words   |  7 PagesIntroduction Violence is an ever growing problem across the globe. In particular, violence against women is at an all time high. Although many cases of violence against women are reported, it is in statistical data that half of all cases are not reported. Some are not reported because of fears, relationship severances, and other unknown reasons. The main types of abuse on women are domestic and sexual harassment (Nosheen, 2011). Follow this paper carefully while it takes you on an expedition of