Environmental Ethics
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Ethics in Banking — Ethics in Banking.
One-liners from this chapter
Free sample — 8 of 66 rapid-fire Q&A cards.
What is the most ethically sound approach for a bank considering financing a coal-fired power plant?
Conduct a comprehensive environmental and social impact assessment, engage stakeholders, and refuse financing if the project causes significant environmental harm that cannot be mitigated.
How does the Stanford Encyclopedia of Philosophy define environmental ethics?
The discipline studying moral relationships between humans and the environment.
Why is profit motivation alone insufficient justification for financing environmentally harmful projects?
Environmental ethics in banking requires that profit considerations be weighed against potential environmental harm, and profit alone does not constitute an ethical justification for funding damaging projects.
What is the Pollution Index (PI) score range for the Red category of industries?
Pollution Index score of 60 and above is Red category.
Why does mere compliance with local law fall short of global environmental ethical standards in banking?
Local laws may set a lower bar than international environmental standards, so banks must apply global ethical principles that go beyond what local regulations require.
Which Pollution Index range corresponds to the Orange category of industries?
Pollution Index score of 41 to 59 is Orange category.
Can environmental harm caused by a financed project be ethically offset by charitable contributions?
No; environmental ethics holds that actual harm to the environment cannot be neutralized or offset merely by making charitable contributions.
What Pollution Index range defines the Green category of industries?
Pollution Index score of 21 to 40 is Green category.
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