Analysis for Higher Learning Essay Example | Topics and Well Written Essays - 1250 words

Analysis for Higher Learning - Essay Example As the report declares the movie â€Å"Higher Learning† is a drama about different issues of university student life, especially as they relate to all kinds of prejudice: sexual, racial, social included. Racial prejudice is one of the main themes. At the start of this movie, we can see one of the movie’s main characters, Remy, who is an outcast and misfit, ignored by another students. We also find Kristen, who has a little bit racial discrimination and isn’t sure of her own identity yet, and Malik, who is an African American confused about his own identity. Each of them ironically share some of the same prejudices toward each other and others. Each of them value some of the same things about life but do not realize they have anything in common. This essay stresses that when Malik gets on the elevator and meets Kristen by chance, Kristen reflexively grabs her bag, even though they have never seen each other. Malik notices and shakes his head to himself, accustomed to the scenario. This is the introduction to racial tension in the movie. The point that we should consider is why Kristen did that. If she had personally had a bad experience with a black person, it would be understandable. But what is more likely is that Kristen had the fear of being alone with a black man because of her preconceived bias and her lack of relationships with black people in her primarily caucasion neighborhood near Disneyland.

Finance Case Study Example | Topics and Well Written Essays - 1250 words - 1

Finance - Case Study Example modern technology has eased investment in the international market since several platforms for monitoring the progress of subsidiary firms are available online. Before entering the foreign markets, the BFIS should consider several factors to avoid suffering huge losses as discussed below. The level of competition in the international market is a fundamental consideration for making a foreign investment. Investing in the foreign market is an expensive venture that requires maximum caution. BFSI should assess and evaluate the level of competition in the international market to identify the techniques that need to be put in practice before initiating any investment. It is imperative to note that the level of competition influences the profit margin of an enterprise. In this regard, market competition should not be overlooked when investing in the foreign markets (Hiles 141). In most cases, business enterprises develop marketing techniques that are aimed at driving competitors out of the market. For this reason, BFSI requires to assess the nature of competition in the various foreign markets before establishing any investment. The government is usually involved in the money market for regulation and maintenance of ethical standards. In addition, the governments of various countries impose taxes either to encourage or discourage foreign trade. Some policies enforced by the governments of various countries may be harmful to BFIS’ foreign investment plan. For instance, high tax rates may lower the profit margin and eventually limit further expansion of the industry in the international market. Some countries are quite conservative and are usually not welcoming to new investors. Essentially, government policies might favor further expansion of an enterprise or discourage its dominance in the foreign markets. The international financial market is highly influenced by the nature of customers in particular countries. The groups of people participating in the

Dietrich Bonheoffer makes a case that religious acts are not Essay

Dietrich Bonheoffer makes a case that religious acts are not necessarily a path to righteousness and salvation - Essay Example Other than that, he wrote to Bethge Eberhard where the prison warders helped to sneak them out of prison and became instrumental in building on the Christian faith. The execution order resulted from his alleged involvement with the Abwehr, which was a military intelligence group that planned to wipe out Hitler’s existence. Over time, Bonhoeffer’s letters have become the subject of debate in which this theologian introduced the ‘religionless Christianity’ where to date there is no concrete meaning to this phrase. With this, this essay will delve into the meaning that Bonhoeffer sought to bring in this letter and discussing on how righteous acts do not necessarily lead to a person’s salvation. II. Arguments surrounding Bonhoeffer thinking Ideally, many questioned Bonhoeffer authority to write about Christianity as he confessed to having been smoking at the time that he was writing the letters from prison. In essence, Bonhoeffer argued that the society had changed into one that associated with ‘religionless Christianity’ as many of those that perceived to be religious did not practice anything that the religious principles required. On the other hand, critics argued that this theologian wrote these letters about religion out of the situation that he was living in at that time as he was living in imprisonment while awaiting execution. However, Bonhoeffer maintained his stand that Christians only relied on the miracles and the blessings to confirm their association with God, but could not do so when faced with challenging situations. In making his arguments solid, Bonhoeffer used two ideologies in which one was the historical ideology while the other was on from the theological perspective (Higgins 83). Many were not in support of his theological ideologies mainly because he participated in the assassination attempt on Adolf Hitler despite the fact that this leader had caused too much suffering to the Jews. In many circ les, the interpretations of the letters that Bonhoeffer wrote to his friend have varied partly because of the nature in which he used to communicate his ideologies. III. The interpretation of religious texts in Bonhoeffer’s words To begin with Bonhoeffer intimates that religion had passed on and that was in existence did not portray the true ways that Jesus had called people to follow. As much as religion has lost substance, Bonhoeffer does not mourn of this, but instead welcomes it as a move to establishing true Christian religion. Many Christians only viewed God through the side of being a miracle worker and as one that cannot associate with suffering, which was a concept that was non-binding. According to Bonhoeffer, religion was a way of living and not a new religious concept that had never existed since the time that society started experiencing this relationship with God. However, Bonhoeffer argues that Christians were aware of the requirements of being a Christian, but they deliberately shut them out because they did not sit well with their belief. Further, Bonhoeffer asserts that the existing Christians did not interpret the scriptures as required, but only did so in ways that suited them, but not as Christ would want it. Philosophers had also established a way of interpreting concepts in the bible in a political way in order to suit their

Are actors and professional athletes paid too much Essay - 1

Are actors and professional athletes paid too much - Essay Example Perhaps the life of glamor experienced by such individuals does not do much to dispel this argument. Among athletes idolized in terms of payments include Arnold Schwarzenegger; a former bodybuilder later turned actor and a governor of California. Arnold, who is better known for his roles in Conan the Barbarian and the Terminator and the Expendables, is rumored to be among those that are highly paid in the industry. What is interesting is that he has lived in both sides of the acting and athlete jobs. Others include Dwayne â€Å"the rock† Johnson, who rose to fame as a professional wrestler with WWE. According to the Hollywood Reporter Magazine, actors such as Robert Downey Jr. and Sandra Bullock top the list when it comes to payments. Downey Jr’s $ 75 million emanates from his 7 percent slice in Iron Man # and a whopping $12 million from HTC endorsement deal. However, before we roast actors and actresses due to their salaries, we should know that there seems to be some discrimination among the big stars and those not considered as big stars. â€Å"When you a big star, you get well paid, with the middle being cut out,† one top agent commented on the Hollywood Reporter magazine. So much so that, Leornardo DiCaprio earned $25 million for the hit movie The Wolf of Wall Street with co-star Jonah Hill only managing $600000. What’s more is that DiCaprio even got nominated for an Oscar because of his â€Å"troubles.† According to Hollywood Life, The Big Bang Theory Fans are â€Å"outraged† over the multi-million deal lead actors Jim Parsons, Kaley Cuoco-Sweeting, and Johnny Galecki have signed with CBC. What’s funny is that one would normally presume that fans would be thrilled by the news that their favorite sitcom actors would be bagging more. â€Å"Prior to the reported new deal, each actor was earning $350000. The trio has now tripled their paychecks having signed on for three

Tax on Tobacco in the UK Coursework Example | Topics and Well Written Essays - 1000 words

Tax on Tobacco in the UK - Coursework Example Tobacco tax in the UK has increased over the years, data collected from the tobacco manufacturers association (2009) shows that in 1990 the amount of tax per 20 cigarettes amounted to 1.2 pounds while in 2009 the tax had increased to 4.34, the following chart summarises taxes over the years: The above chart shows an increase in the level of tax per 20 cigarettes for the period 1990 to 2009. However according to the ACT on tobacco and health state that despite this increase in taxes, tobacco taxes are only adjusted in line with the rate of inflation and therefore have no major effect on tobacco consumption. Tobacco taxes are imposed for various reasons, these taxes are imposed in order to reduce tobacco use in the economy and therefore improve public health. However, the price elasticity of tobacco is an important factor to consider when imposing the tax in order to determine whether the price increase will reduce consumption to the desired level. Price elasticity of demand refers to the decline in demand when the prices are increased, the price elasticity value identifies the sensitivity of demand to a price change, price elasticity value of negative one means that a 4% increase in price will increase reduce demand by 4%, a value greater than negative one example -0.05 means that the demand is price inelastic while a value less than negative one example -4 means that we have relative elasticity, the following diagram demonstrates the nature of these demand curves that are inelastic, unitary and elastic. (Gregory Mankiw, 2002) From the above diagrams, it is evident that in diagram one a price increase by one from price 1 to price 2 will reduce demand by one unit from quantity 2 to quantity 1, the price elasticity value here will be -1 and, therefore we have unitary elasticity.

Adoption and the Care of Orphan Children Essay Example for Free

Adoption and the Care of Orphan Children Essay A common conception is that Islamic law forbids adoptions. However, this belief misses the complexity of Islamic law, the scope of adoption laws and practices across the world, and the overwhelming emphasis on taking care of orphans and foundlings found within Islamic sources. Contemporary adoption practices are immensely complex issues, overlapping with children’s rights, international and national laws, human psychology, economic, social, and religious concerns, and the ethics of lineage, identity, property and inheritance rights. In this position paper, the Muslim Women’s Shura Council considers whether adoption can be possible within an Islamic framework. After examining Islamic texts and history alongside social science research and the international consensus on children’s rights, the Council finds that adoption can be acceptable under Islamic law and its principle objectives, as long as important ethical guidelines are followed. This statement consults the Quran, the example of the Prophet Muhammad (sunna), the objectives and principles of Islamic law (maqasid al-sharia), Islamic Jurisprudence (fiqh), and social science data. The Shura Council finds that, instead of banning adoption, Islamic sources have brought various ethical restrictions to the process, condemning dissimulation and foregrounding compassion, transparency, and justice. These restrictions closely resemble what is known today as the practice of open adoption. Therefore, when all efforts to place orphaned children with their extended family have been exhausted, open, legal, ethical adoptions can be a preferable Islamically-grounded alternative to institutional care and other unstable arrangements. According to Islamic and universal standards of children’s rights, all children have the right to grow up in a nurturing, loving environment where their physiological, psychological, and intellectual needs are met. All children have the right to know their lineage and to celebrate their unique national, cultural, linguistic, and spiritual identity. All children have the right to a safe, supportive environment where their rights to dignity, education, and the development of their talents are well respected. The best interests of the child should be the primary consideration in all decisions relating to children, including adoption. Orphan: Different states and international institutions have different criteria for determining whether a child is an orphan. UNICEF classifies any child that has lost one parent as an orphan and estimates that approximately 143 million children are currently orphans.1 For the purposes of this document, an orphan is a minor who is bereft of parental care due to death, disappearance, or abandonment by either the mother or the father, as well as situations where the parent voluntarily or involuntarily terminates the parental relationship. This definition combines several concepts in classical Arabic, including yatim (fatherless child) and laqit (foundling). Adoption: Adoption can be defined as the legal creation of a parent-child relationship, with all the responsibilities and privileges thereof, between a child and adults who are not his or her biological parents. Adoptions incorporate a child into a family as offspring and sibling, regardless of genetic ties. There are two main categories of adoption practices, generally termed as closed adoptions and open adoptions. However, in reality most adoption practices fall somewhere on a continuum between fully open and fully closed. In â€Å"closed† or â€Å"confidential† adoptions, the birth family and the adoptive family have no identifying information about each other. Children may not be informed that they have been adopted, and they may have no way of tracing biological kin. If the child comes from a different cultural background than his or her adoptive parents, their heritage might be marginalized or ignored. Closed adoptions, therefore, have the potential to dissolve all ties between an adoptee and her biological family. â€Å"Open† adoptions, which are becoming increasingly common across the world, allow for a full disclosure of identities on both sides. Open adoptions facilitate direct interaction between the adoptive family, the adopted child, and any birth relatives. The child’s birth culture may more easily be respected and promoted by the adoptive family and incorporated into the family’s daily life. However, the categories of closed and open are better understood as idealized types, as most families experience a hybrid form of adoption that comprises elements of both open and closed adoption practices. The empirical data on the risks and benefits of each type of adoption has shown mixed results, with some adopted children embracing the opportunity to contact their birth families and others experiencing confusion and insecurity.2 Generally, however, open adoptions are associated with better psychological and behavioral outcomes for the child. With the exception of Indonesia, Malaysia, Somalia, Tunisia, and Turkey, the laws of most Muslimmajority states do not currently permit legal adoption. Instead, laws permit a system of guardianship (kafala), which resembles foster-parenting, but is more stable. Kafala is defined as â€Å"the commitment to voluntarily take care of the maintenance, of the education and of the protection of a minor, in the same way a *parent would do for a child+.†5 According to Jamila Bargach, kafala is seen as â€Å"primarily a gift of care and not a substitute for lineal descent.† In other words, kafala involves the obligations of guardianship and maintenance without the creation of legal ties, which would produce specific personal status legal entitlements. This type of guardianship does not sever the biological family bonds of the child or alter the descent lines for the adopting family. Unlike foster-parenting, kafala is intended to be a permanent arrangement for a minor. Like fosterparenting and adoption, kafala is mediated by the state, in contrast to informal or â€Å"customary† adoptions which take place within families or through secret agreements. Convergences between Kafala and Adoption Whereas this statement focuses on adoption and not kafala, in some cases kafala may lead to adoption. Countries with strict application of â€Å"non-international kafala,† like Iran, Mauritania, and Egypt, reject any legal recognition between kafala and adoption. Citizens of these countries who reside in other countries, where adoption is the law of the land, cannot gain guardianship of a child with the intention of adopting that child in their state of residency. Other states, like Morocco, Algeria, Jordan and Pakistan, allow for placements of kafala children abroad, particularly with nationals living in foreign countries, with certain stipulations. Tunisia and Indonesia allow for a full convergence of kafala and adoption, limiting adoptions to national applicants, whether living in the country or abroad. Islamic Law: The term â€Å"Islamic law† refers to two related, yet distinct concepts, which are often conflated: Sharia and Fiqh. Sharia literally means â€Å"the way† and is a transcendental ideal that embodies the justice and compassion inherent in the totality of God’s will. Fiqh, which literally means â€Å"understanding,† is Islamic jurisprudence and juristic law, which has developed from the eighth century onwards as a human effort to interpret the Sharia. Fiqh has been developed by Muslim legal scholars through analysis of the Quran and the example (sunna) of the Prophet Muhammad, with the aim of securing justice according to the context of each society, time (zaman), and place (makan).7 Adoption in pre-Islamic Arabia During the pre-Islamic period in Arabia, adoption (al-tabanni) into a tribe often took place for socioeconomic and patriarchal reasons. Al-tabanni is derived from the Arabic word ibn, meaning â€Å"son.† In keeping with the patriarchal norms of the era, adoptees were usually, if not always, male.11 People adopted mainly to secure an heir and/or additional warriors for the tribe. Adoption could take place at any time in a persons life, from childhood to adulthood, even if the adoptee’s biological parents were alive.12 The adoptee automatically earned full rights and the responsibilities of a biological child and was given the adoptive father’s name. Since male children were considered a source of wealth and prestige, this benefited the adoptive father.13 Often adoption was undertaken in self-interest with the intention of usurping an orphan’s property, as the adoptive parents would end up managing an orphaned child’s property. In addition, adoption was closely linked to enslavement; captors held the power to strip captives of their birth identities and appropriate them into their families.14 For these reasons, pre-Islamic adoption entailed a complete â€Å"erasure of natal identity.

Improving Sustainability at General Electric (GE)

Improving Sustainability at General Electric (GE) INTRODUCTION The General Electric Company (GE from henceforth) is an American Multinational Conglomerate founded in 1892 by the merger of American Inventor Thomas Alva Edisons Edison General Electric Company and Thomson-Houston Electric Company .GE currently operates simultaneously in five diverse business sectors namely: Energy (e.g. oil and gas), Media (as NBC Universal in areas such as cable and film), Technology Infrastructure (e.g. Aviation and Healthcare), Home and Business Solutions(Appliances and Intelligent platforms) and Finance ( as GE Capital involved in both commercial and consumer finance). GE currently has businesses in about 160 countries and about 300,000 employees around the globe. The companys headquarters is located at 3135 Easton Turnpike, Fairfield, Connecticut, USA. As a global conglomerate GE has had a controversial history with regards to air and water pollution dating back to the late 1940s and had always been a target of criticism from public officials and environmentalists in the US. However, things took a turn for the better when on the 9th of May, 2005 GEs CEO Jeffery Immelt announced the companys new environmental initiative called Ecomagination. In Mr Immelts words, the aim of the initiative is to focus our unique energy, technology, manufacturing, and infrastructure capabilities to develop tomorrows solutions such as solar energy, hybrid locomotives, fuel cells, lower-emission aircraft engines, lighter and stronger materials, efficient lighting, and water purification technology. As can be observed, the adoption of such an initiative was very bold especially given the large size of GE and it numerous businesses around the globe; nevertheless, the initiative was implemented across the entire company and is currently in its sixth year of operation. As Ecomagination is GEs main sustainability programme, the documents retrieved from the company and used for the purpose of this workbook are in the form of Annual Sustainability Reports which are publicly available at the Ecomagination website (http://ge.ecomagination.com/report.html). The reports are currently available for the years 2005 to 2009 in PDF format and can be downloaded and viewed by the public. IMPROVING SUSTAINABILITY AT GE As mentioned in the introduction, GE has sought to quell criticism of its environmental records and improve its sustainability by implementing a company-wide sustainability initiative launched in 2005 called Ecomagination. The initiative encompasses an array of changes and commitments forming a broad strategy that is implemented with the aim of not just making GE a global leader in terms of sustainability, but also with the accompanying belief that commitment towards sustainable practices, products and services will give GE a competitive advantage and is therefore worth the effort and any initial costs. In order to achieve its goals of becoming a more sustainable company and to increase their overall sustainability performance, GE through Ecomagination has committed to taking the following concrete steps: Reduce water use and improve water reuse: As of 2006 GEs freshwater was totalling about 15.3 billion gallons and so the company announced its goal of cutting consumption by 20% by 2012. By 2009, GEs water usage was down 30% to about10.7 billion gallons which further prompted the company to set a modified goal of aiming for a 25% reduction by 2015. One way GE was able to reduce its freshwater consumption was by conducting Kaizen blitz water reduction events at three of the largest consumption sites;according to GE reports, the Kaizan approach employs multi-functional teams tasked with spending a concentrated week studying water usage at a given facility with the ultimate aim of developing water reduction projects. Double investments in clean Research and Development: At the launch of Ecomagination, GE committed to increase its RD spending on clean technologies from about $700 million in 2004 to $1.5 billion by 2010; by the end of 2009 a total of about $5 billion had been spent on RD for clean technologies which according to GE reports generated about $70 billion in revenue thanks to the new technologies and products from the Ecomagination initiative. In light of this, in 2010 GE announced a commitment to invest an additional $10 billion in Ecomagination by 2015. Reduce Greenhouse Emissions and improve Energy efficiency of its current operations: At the launch of Ecomagination, setting 2004 as a baseline GE made a commitment to cut 1% of its greenhouse gas (GHG) emissions by 2012 and reduce the intensity of its GHG emissions 30% by 2008. As of 2011, GE has been successful in cutting GHG emission by 22% and also reduced the intensity of its GHG emissions by 39%. According to GE reports, overall energy intensity has improved by 34% and the company hopes to improve by up to 50% for all its operations by 2015. Increase revenues from Ecomagination products: In 2009, revenues from Ecomagination grew by 6% to about $18 billion despite the financial crisis. GE projects Ecomagination revenues to continue to grow at double the rate of total GE revenues in the next five years and eventually account for a larger proportion of total sales. Communicate with the public: GE has resorted to keeping communication channels open and also engaging more with the public regarding Ecomagination efforts. For example, as part of its $200 million innovation experiment, the company announced the Ecomagination Challenge running from January to March which encourages entrepreneurs, students etc. to present ideas for future clean energy technologies with the top 5 entries to be awarded $100,000 each. GEs STAGE OF CORPORATE SUSTAINABILITY Employing the concept of the Six phases of corporate sustainability as mentioned by Dexter Dunphy and Jodie Benveniste in their book entitled Sustainability: The Corporate Challenge of the 21st Century, one would place GE in the strategic sustainability. Specifically, GE is a HS5 in terms of Human Sustainability and simultaneously an ES5 in terms of Ecological sustainability. The justification for place GE in the HS5 category of the strategic sustainability phase has to do with the fact that as a company GE has a well-documented history of human development and training programmes that is part of the GE culture. At the centre of this is John F Welch (Jack) Leadership Development Centre established in 1956 and named after Jack Welch the famous ex-CEO of GE who believed in the principle that a company was only as good as it people. Currently GE invests about $1 billion annually on training and education programmes for GE employees. Now, it could be argued that given GEs long standing commitment to Human sustainability, one should place them as a HS6 (Ideological Commitment Phase); this argument is debateable and for the purpose of this workbook, GE is placed as a HS5 because even though it scores high on development and training, its policies are very strict and its culture very competitive which has led to the consistent termination of the underperforming 20% of its workforce. As a result one could argue that although GE invests much in its people, its culture does not put too much effort in aiding underperformers and simply cuts them off. On the other hand, in terms of Ecological sustainability GE is labelled as an ES5 thanks in large part to the launch of its Ecomgination initiative in 2005. Given the fact that GE is over a century old, its decision to make sustainability in 2005 was bold and historic one and going into the future, one can expect the initiative to be implement across all its business around the globe due in large part to its very strong culture. Put in perspective, as a company GE has progressed through a long phase of active antagonism in its early years, through the indifference phase for most of the 80s and 90s before finally making a strong commitment in 2005 with the announcement of Ecomagination. Recently GE has been very active in the area of sustainability from cutting emissions and water usage to investing in clean technologies and seeking ideas from the public, the company has been ranked on various indices as one of the top five sustainability leaders over the past five years. Also the arg ument could be made that GE should be labelled as an ES6, while true, the fact is that given the large size of a company like GE and its numerous businesses in diverse sectors across the globe its sustainability polices will need time to be fully implemented and assessed. GEs COVERAGE OF ENVIRONMENTAL DIMENSIONS CLIMATE CHANGE: Taking into account the large size and global reach of GE as a company, climate change can be highlighted as a key issue that poses a challenge for GE moving forward. In light of this fact, as part of the Ecomagination initiative GE has been able to successfully cut its GHG emissions by 22% and also reduced its GHG intensity by 39%, using 2004 as a baseline. Figure 1 below shows the distribution of operational GHG emissions by GE in 2009 according to type : Source: GE GHG Inventory As observed 85% of their emissions are made up of CO2 while 13% are consist of HFCs which are usually emitted during foam-blowing operations at its refrigerator manufacturing plants, in total they accounted for approximately 98% of GEs emissions in that year. In order to tackle the problem GE has established a GHG inventory modelled after the World Resources Institute/World Business Council for Sustainable Development (WRI/WBCSD) protocol. Going by this inventory GE employs the control approach which accounts for GHG emissions over which the Company has control; the protocol is subdivided into three scope categories namely: Scope 1 which accounts for direct GHG emissions from sources under the control of the reporting company, Scope 2 which accounts for indirect emissions imported or purchased electricity, water or steam and finally Scope 3 which accounts for indirect emissions which result from a reporting companys activities but occur from sources belonging to another entity. WATER: As was highlighted earlier on, from 2006 to 2009 GE successfully cut its freshwater consumption by 30% and is on pace for an additional 25% reduction by 2015. . This was achievable through the installation of GE sensing ultrasonic flow meters which was installed at the largest water consumption site. The sensors provided a more accurate measure of the total flow from 2006 and led to the discovery of an overestimation of about 2.2 billion gallons from the figures previously calculated. In addition, more concrete steps were taken to address water usage such as the replacement of single-speed pumps with new variable frequency drive pumps, improved valve operation and as well as the previously mentioned the running of Kaizen blitz water reduction events to name a few. In addition, GE currently has a project underway aimed at reducing its global water usage by about 5%, the project is running at one of its US plants and employs the use of GE water process technology equipment in t he form of nanofilteration and ultrafilteration technologies to recycle and reuse water. In addition, GE has also established a water inventory protocol based on the previously mentioned WRI/WBCSD GHG protocol. As a feature of this, GE employs a control approach and accounts for freshwater use at so called criteria sites. The criteria sites are simply any GE sites that use a total of 15 million gallons or more annually from a 2006 baseline and subsequently. Quality assurance is another measure by GE that has been implemented with the aim of increasing the accuracy of the water use inventory and eliminating and accounting for errors. WASTE MANAGEMENT: In regards to waste management GE gathers data for all of its operations that generate more than 100 metric tons of hazardous waste and/or more than 500 metric tons of non-hazardous industrial waste. Currently there are three broad schemes put in place to specifically address waste management. The first is the Waste Site Qualification Programme (WSQP) which ensures that waste generated by GE is taken through recycling, treatment and disposal facilities that meet GE rigorous environmental and safety standards. The standards require waste management sites to improve their facilities beyond set local standards in order to gain GE approval because GE sites can only use GE approved facilities regardless of the amount of waste they generate. As of 2009 the WSQP programme has been expanded to about 500 GE manufacturing locations globally. Next in GEs waste management scheme are reportable spills through which GE tracks any spill on or from a site that is reportable to regulatory authorities. As of 2005 GE divided the spills into spills/releases to water such as lake, ocean etc. and spills/releases not to water consisting of any other kind(s) of spills. Lastly, GE has an operational leaders Environment, Health, Safety (EHS) training manuals that provide information on how to identify waste reduction opportunities through the use of lean manufacturing technologies. GEs CONTRIBUTION TO WIDER ECONOMIC PERFORMANCE WAGES AND BENEFITS: With GE currently operating in more than 100 countries around the globe, the company is very active in terms of job creation and employee development. As shown in Figure 2 below, taking into account its total global workforce of about 300,000 people in 2009, about 154,000 people were non-US showing its interest in hiring and developing local people. Source: GE Metrics In addition, GE provides benefits to it employees beyond their normal salaries that is aimed at ensuring heir financial security. It provides a variety of benefit packages to eligible employees across its various businesses around the globe such as retirement and health benefit plans that cover employees and their families. According to GE data, it currently has an assortment of pension plans that provide cover for close to 635,000 employees and retirees around the globe. SHARE VALUE AND RETURN ON INVESTMENT: An examination of GEs stock price from the 1st April, 2010 to 1st April, 2011 shows an increase of about a $2 rise from $18.33 to $20.34 signifying an increase in value for shareholders in spite of the recent recession. Also GEs financial statement at the fiscal year ending 2010 shows the company made a gross profit of over $11 billion, once again confirming the fact that it is providing investors a significant return on their investments. GOVERNMENT TAXES AND FEES: In addition, GE also paid out close to $1 billion in income taxes to the government. USE OF LOCAL SUPPLIERS AND SUPPORT FOR LOCAL BUSINESSES: In an effort to enhance its supply chain management, GE launched a Supplier Diversity Programme in 1974. The aim of the programme is to engage diverse groups of suppliers in order to enhance economic opportunity; according to the GE the core components of the programme are National Minority Development Council, Womens Business Enterprise National Council and a host of state and local development councils. Source: GE Metrics Figure 3 above shows a 2009 distribution of GEs assessments of potential suppliers by region, its findings and the categories of its finding based on the issue(s) of concern. According to reports, GE employs and eyes always open approach in terms of assessment by investigating concerns raised by external sources such as the press reports and pursuing corrective measures immediately. SUSTAINABLE OF PRODUCTS/SERVICES According to GEs 2009 Ecomagination report, revenues grew by about 6% to $18 billion courtesy of products launched under the initiative. GE currently uses an Ecomagination Product Review (EPR) to determine not only which offerings are included in the Ecomagination portfolio but also to ensure that the products improve customers value proposition and environmental performance. In addition, GE has developed a process for what it terms New Product Introduction (NPI) which focuses on consumer needs and views environmental performance as a key customer priority. This exemplifies GEs cradle to grave approach of being a responsible corporate citizen by not focusing solely on commercial factors but also environmental and health impacts of their products and services. As a global conglomerate, GE is involved in the provision of a diverse set of products and services from appliances and aviation to healthcare and financial services. As Figure 4 shows below, most of GEs revenue is derived from offering financial services through GE Capital and as such most people even label it as a financial company with a manufacturing arm. Source: GE Metrics The manufacturing arm in the form of the provision of technology infrastructure is another of GEs significant business units and perhaps the most well-known. Taking these facts into account, this workbook will focus briefly on how these two major GE businesses (GE Capital and GE Technology Infrastructure) and their products could be made more sustainable. GE Capital: As mentioned earlier, GE has invested significantly in cleaner technologies and is also involved in financing and providing loans to support external businesses with a focus on innovative and sustainable practices and products. In an effort to make GE Capital more sustainable, GE could gradually consider putting more resources in telecommuting; by doing this there will be less need for large GE buildings and offices around the globe. In addition, it could lead the way by installing most of the innovative technologies derived from its Ecomagination initiative at its GE Capital offices. GE Technology Infrastructure: As GEs major manufacturing arm has made significant gains especially by focusing on the production of more sustainable products via the Ecomagination initiative. As a global manufacturing force with most of its products available in a range of places such homes, airports, banks and schools to name a few, GE has a great avenue to influence a global shift to the use of more sustainable products. GE can also improve this business unit, by making a conscious effort to minimize emission, water usage and improving waste management. There is no doubt that this is probably the division with the most sustainability concern due to the nature of the operations involved in the production process, as such GE would do well to also invite external evaluators to assess its plants and provide more sustainable solutions to enhance its production process. ETHICAL CULTURE GE is well known for its strong company culture and its integrity policy is laid out in a document entitled the spirit and the letter which all employees are required to pledge to and sign. This is accompanied by an ombudsman process that allows employees to raise and report ethical concerns with impunity. GEs integrity policy covers the following parties: Directors, Employees, Officers, Subsidiaries and Controlled Affiliates, Non- Controlled Affiliates and all Third parties representing GE. Specifically, all employees are expected to understand GEs policies and are obligated to raise any concerns they have while leaders are obligated to prevent compliance issues from arising, detect them when and if they arise and respond to them expediently. From close examination, one can observe that GEs integrity policy is quite plain and easy to understand, it is specific and detailed as it lays out the following: The parties bound to the policy. What is expected of the parties in terms of compliance and their obligations An exhaustible list of various channels and steps to be taken in terms of reporting concerns. It explains how and when the process will be carried out The penalties involved when the policy is violated And most importantly a bold statement that prohibits and punishes any form of retaliation against those who raise concerns. The integrity policy covers a broad range of parties and lays out in details how those parties are to be treated and how related ethical concerns are to be treated. A snapshot of this is a follows: Employees: With regards to its staff, their rights, obligations and expected conduct is laid out at the beginning of the integrity policy. For instance, employees are encouraged to raise concerns early, they also have the right to remain anonymous but can choose not to, their confidentiality is respected and most of it is clearly emphasized that retaliation is prohibited. Customers: Regarding the treatment of customers, all forms of improper payments are prohibited and guidelines are provide on how to deal with various potential scenarios; however, reasonable expenditures and gifts are acceptable but subject to corporate guidelines. Suppliers: GEs suppliers are also expected to abide by lawful guidelines such as fair work practices and quality standards. Overall, they are expected to abide by national laws and regulations and also ensure the safeguarding of confidential information. Wider Community: GEs integrity policy also provides guidelines for dealing with governments, preventing money laundering, safeguarding clients privacy, ensuring fair competition and dealing with local communities. The policy is very specific and provides clear expectations and steps on how to deal with the aforementioned members of the wider community. It is evident that GE has parlayed it long experience in doing business around the globe into creating an ethical code of conduct that is unambiguous and rigorous in addressing all stakeholders in its businesses around the world. KNOWLEDGE REVIEW FEATURES OF EFFECTIVE SUSTAINABILITY MONITORING SYSTEMS The issue of sustainability has become more serious and highly debated in recent times, given the large amount of companies that claim to be committed to sustainable practices and products, this section will provide an annotated bibliography that reviews the features of effective sustainability monitoring systems. By doing this, the aim is to gain perspectives from experts in the field of sustainability that lay out what effective sustainability monitoring systems should contain and as such provide use with a set of requirements with which to assess the currents systems being implemented by various companies today.