B242 Lessons 3-4 Recap

In BSR's Five-Step Approach to Stakeholder Engagement, which of the following is Step 3?

• Action Plan

• Preparation

• Stakeholder Mapping

• Engagement

Why is Stakeholder Engagement important to a company's corporate sustainability strategy?

(Hint: 2 are correct)

• It helps determine material issues for sustainability management and reporting

• It reduces risk and enhances the company's reputation

• It results in product and process improvements

• It develops excellent stakeholder relationships

Materiality assessment is the process of identifying, refining and assessing potential environmental, social and governance issues that could affect the __________ and its __________.

• society; shareholders

• society; stakeholders

• business; shareholders

• business; stakeholders

Circular Economy can also be described as:

(Hint: 2 are correct)

• Open Loop

• Closed Loop

• Cradle to Grave

• Cradle to Cradle

Which of the following is NOT a characteristic of Sustainable Supply Chain Management (SSCM)?

• High ecological impact

• Long-term relationship with suppliers

• High cost pressure

• Low speed and flexibility