Environmentally and Socially Positive Investments, also called sustainable financial management (SFM), are global strategies that minimize financial risk by the creation of an ESPP plan which has a long term vision and a firm determination to meet each investment goal over the long term. An ESPP is designed with a long term view by establishing and maintaining a consistent investment philosophy. This philosophy is based on sound risk management principles and includes prudent risk control, efficient management of internal resources and the use of financial tools to strengthen and improve the business’s Return On Investment (ROI). Environmentally and Socially Positive Investments also involve sound environmental policies to protect the ecosystems in which businesses operate as well as promoting fair economic development, quality health and environment, and sustainable prosperity for all.
Environmentally and Socially Positive
The University of Munich’s ERISA provides guidelines for responsible investing and sustainability behaviors. The ERISA Guide focuses on risk, while the Campus Sustainability Program focuses on inclusive quality improvement strategies. The Campus Sustainability Program at the Munich School of Management addresses both the ethical and business sides of sustainable investments. The University of Munich guide on environmentally and Socially Positive Investments focuses on both investment goals and strategies.
For pharmaceutical companies, the SAPPHE program is a benchmarking program. SAPPHE is an emissions trading system that offers two levels of emission allowances. The first allowance limits the effect of sulfur oxide on the global climate. The second allowance limits the effect of co2 emissions on global warming. Pharmaceutical companies have been historically responsible for about 30% of global CO2 emissions. To help further reduce the impact of their products on the environment, pharmaceutical companies have been implementing many measures including changing manufacturing processes, using fuels that do not emit greenhouse gases, planting trees to mitigate soil erosion and water conservation.
Companies in the chemicals and polymer industries have developed Green Belt systems that integrate sustainability practices with waste and packaging design. The goal of Green Belt systems is to minimize the environmental impact of manufactured products. In addition, the goal of Green Belt systems is to increase product reliability by building product reliability through process innovation and process optimization. The Green Belt programs are also helping to build value chains through increased process efficiency and reduced supply chain costs.
The sustainable development goals of the sustainable enterprise approach at the University of Munich include protecting aquatic ecosystems, reducing waste, preventing or reducing chemical pollution, reducing water and air pollution, preventing or reducing occupational or site contamination, promoting energy efficiency and promoting sustainability throughout the supply chain. These strategies are intended to build the basic infrastructure needed for a society that is healthy and can prosper without degrading its environment. Many Pharma manufacturing processes and practices fall short in one or more of these areas. For example, many plants generate high levels of waste and inadequate safety management systems result in contaminated drinking-water supplies. These problems are not effectively addressed by current strategies. Scientists and administrators at the University of Munich are now implementing new sustainability strategies aimed at addressing these and other sustainability challenges.
Environmental policies and programs at the University of Munich focus on two areas important to the health of human health and the future prosperity of society as a whole. These include climate change and outdoor recreation. Global warming has resulted in increasing coastal flooding, deforestation and other environmental damage. Many places around the world have become unusable for outdoor recreation because of rising water levels or drought. Munich is working on strategies aimed at reducing the negative environmental impact of its ski resort by nearly 40 percent while simultaneously generating revenue.
