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NEW QUESTION # 34
Why are companies moving to a circular economy?
Answer: D
Explanation:
Companies are moving to a circular economy because it helps mitigate risks and increase supply chain resilience. In a circular economy, companies reduce dependence on raw materials by reusing, recycling, and remanufacturing products, which helps them buffer against supply chain disruptions caused by resource scarcity, price volatility, or geopolitical issues. By keeping materials in use longer and reducing waste, companies also lessen their environmental impact and build more resilient, sustainable business models.
This transition not only decreases environmental risks but also promotes innovation in product design, enhances resource efficiency, and reduces overall production costs. As companies face increasing pressure to align with sustainability regulations and customer demand for greener products, adopting a circular economy becomes a crucial strategy for risk management and operational continuity.
Environmental Sustainability References:
* Ellen MacArthur Foundation. (2020).Circular Economy in Business: Risk Mitigation and Resilience.
* World Economic Forum. (2021).Building Resilient Supply Chains Through Circular Economy Practices.
* McKinsey & Company. (2020).The Business Case for a Circular Economy: Risk Reduction and Competitive Advantage.
NEW QUESTION # 35
Where should a corporation's sustainability goals and metrics be recorded to understand what the customer wants to accomplish?
Answer: B
Explanation:
A corporation's sustainability goals and metrics should be recorded inCorporate Social Responsibility (CSR) reports. These reports outline the company's sustainability efforts, including environmental goals, social contributions, and ethical practices. CSR reports provide transparency regarding a company's sustainability initiatives and track progress toward targets such as reducing carbon emissions, improving resource efficiency, and promoting responsible waste management.
Customers can use these reports to understand what a corporation aims to achieve in terms of sustainability and how these goals align with broader environmental and social responsibilities.
Environmental Sustainability References:
* Global Reporting Initiative (GRI). (2021).Corporate Social Responsibility and Sustainability Reporting Framework.
* Harvard Business Review. (2020).The Importance of CSR Reports in Business Sustainability Efforts.
* United Nations Global Compact. (2021).CSR Reporting and Sustainable Development Goals (SDGs) Alignment.
NEW QUESTION # 36
How can you gain insights into a customer's sustainability priorities?
Answer: C
Explanation:
Researching social media postscan provide valuable insights into a customer's public-facing sustainability efforts, values, and initiatives. Many organizations use social media to communicate their corporate social responsibility (CSR) strategies, environmental goals, and sustainability achievements. By examining these posts, you can better understand the customer's priorities and how sustainability fits into their overall business strategy, which can be helpful when tailoring your discussions or solutions to align with their needs.
This approach helps you stay informed about the customer's latest initiatives, challenges, and engagement with environmental issues.
Environmental Sustainability References:
* Global Reporting Initiative (GRI). (2021).The Role of Social Media in Corporate Sustainability Communication.
* Harvard Business Review. (2020).Leveraging Social Media for Insights into Customer Sustainability Goals.
* McKinsey & Company. (2021).Social Media and Corporate Sustainability: Understanding Customer Priorities.
NEW QUESTION # 37
Which technology can help track resources and assets, monitor utilization, and generate data insights to minimize waste?
Answer: A
Explanation:
TheInternet of Things (IoT)technology helps track resources and assets, monitor utilization, and generate data insights to minimize waste. IoT devices are equipped with sensors that collect real-time data on the usage and performance of equipment, resources, and other assets. This data can be used to optimize operations, reduce energy consumption, and minimize waste by enabling better decision-making. For example, IoT can track energy usage in buildings, monitor supply chain efficiency, and predict maintenance needs, which ultimately contributes to more sustainable and efficient practices.
IoT is a key component of smart buildings, sustainable manufacturing, and energy management systems.
Environmental Sustainability References:
* International Energy Agency (IEA). (2021).IoT Solutions for Energy Efficiency and Waste Reduction.
* Cisco. (2022).The Role of IoT in Sustainable Resource Management.
* McKinsey & Company. (2021).How IoT is Driving Sustainability and Efficiency in Business Operations.
NEW QUESTION # 38
Which percent of partners are expected to increase revenue from a sustainability solution?
Answer: B
Explanation:
According to industry research,55% of partnersare expected to increase their revenue from offering sustainability solutions. Sustainability is becoming a key driver of business growth as companies seek to reduce their environmental impact, comply with regulations, and meet the growing demand for eco-friendly products and services. Partners offering solutions that help organizations become more energy-efficient, reduce carbon emissions, or transition to a circular economy are positioned to capitalize on this shift.
This trend highlights the increasing importance of sustainability in business strategy, as both customers and governments push for more sustainable practices across industries.
Environmental Sustainability References:
* IDC. (2021).Sustainability Trends Driving Growth in IT Solutions.
* Cisco. (2021).The Financial Benefits of Embracing Sustainability in Business.
* McKinsey & Company. (2021).Sustainability: A Key Business Driver for Growth.
NEW QUESTION # 39
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