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Which of the following is NOT an example of in-house capabilitiesthat companies develop to help them execute sustainability strategies for long-term success?Choose one of the following answers. a. Rely on regulations to specify what types of sustainable technologies companies should use b. Set up a dedicated department of people with experience in sustainability c. Buy equipment and set up processes to support sustainability initiatives, such as a dedicated tanker to store sustainable palm oil d. Develop an environmental management system, for example to manage water use in the company e. Work closely with suppliers, even helping them to learn about sustainable palm oil and certification

Question

Which of the following is NOT an example of in-house capabilitiesthat companies develop to help them execute sustainability strategies for long-term success?Choose one of the following answers. a. Rely on regulations to specify what types of sustainable technologies companies should use b. Set up a dedicated department of people with experience in sustainability c. Buy equipment and set up processes to support sustainability initiatives, such as a dedicated tanker to store sustainable palm oil d. Develop an environmental management system, for example to manage water use in the company e. Work closely with suppliers, even helping them to learn about sustainable palm oil and certification

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Solution

The answer is "a. Rely on regulations to specify what types of sustainable technologies companies should use". This is not an example of an in-house capability. In-house capabilities refer to the resources and processes that a company develops internally to achieve its goals. Relying on regulations is an external factor, not something the company develops or controls internally.

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