Environmental sustainability

Definition

Environmental sustainability means managing resources to meet current needs without compromising future generations' ability to meet their own. It involves practices that protect natural resources and reduce environmental impacts.

5 Must Know Facts For Your Next Test

1. Environmental sustainability in business involves reducing waste, conserving energy, and minimizing pollution.
2. Implementing sustainable practices can lead to cost savings through efficient resource use and waste reduction.
3. Sustainability reporting includes disclosing environmental impact metrics such as carbon footprint, water usage, and waste management.
4. Companies adopting environmentally sustainable practices can enhance their brand reputation and gain competitive advantage.
5. Regulatory compliance is a key driver for businesses to adopt environmental sustainability measures.

Review Questions

• What are the main components of environmental sustainability in business?
• How can sustainable practices create cost savings for companies?
• Why is regulatory compliance important for environmental sustainability?

Related terms

Corporate Social Responsibility (CSR): Business model incorporating social, environmental, and economic considerations into decision making.

Triple Bottom Line: Accounting framework evaluating a company's performance based on social, environmental, and financial factors.

Carbon Footprint: Measurement of the total greenhouse gases produced directly or indirectly by activities or entities.