Non-renewable resources

Definition

Non-renewable resources are natural resources that cannot be replenished within a human lifespan once they are consumed. Examples include fossil fuels like oil and coal, and minerals like gold and silver.

5 Must Know Facts For Your Next Test

1. Non-renewable resources contribute significantly to carbon emissions, impacting sustainability efforts.
2. The depletion of non-renewable resources poses long-term risks for business operations and economic stability.
3. Companies reliant on non-renewable resources face increasing scrutiny from stakeholders regarding their environmental impact.
4. Transitioning to renewable alternatives can create business value by enhancing reputation and reducing future costs.
5. Sustainability reporting often requires businesses to disclose their usage of non-renewable resources and strategies for mitigating associated risks.

Review Questions

• Why do non-renewable resources pose challenges for sustainable business practices?
• How can the use of non-renewable resources impact a company's sustainability reporting?
• What are some ways businesses can mitigate the risks associated with reliance on non-renewable resources?

Related terms

Renewable Resources: Natural resources that can be replenished naturally over short periods, such as solar energy or wind power.

Carbon Footprint: The total amount of greenhouse gases emitted directly or indirectly by human activities, measured in units of carbon dioxide.

Sustainability Reporting: The practice of disclosing a company’s environmental, social, and governance (ESG) performance to stakeholders.