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BUS 223

Chapter Nine Key Terms

TermDefinition
LEED (Leadership in Energy and Environmental Design) certification Environmentally sustainable standards are applied to building construction and renovation. LEED provides both the standards and the independent third party verification to certify the environmental quality of a building.
Triple bottom line approach Economic, ethical, sustainable
Backcasting Involves imagining what a sustainable future must hold. From that vision, creative businesses then look back-wards to the present and determine what must be done to arrive at that future.
Corporate Automotive Fuel Efficiency [CAFE] Sales-weighted average fuel economy, expressed in miles per gallon, of a manufacturer's fleet of passenger cars or light trucks. Established standards are a means of increasing fuel efficiency of automobiles.
Sustainable Development Development that meets the needs of the present without compromising the ability of future generations to meet their own needs.
Sustainable business practice A model of business practice in which business activities meet the standards of sustainability.
Three pillars of sustainability Three factors that are often used to judge the adequacy of sustainable practices. (1) economically, (2) ethically, (3) environmentally satisfactory
Eco-efficiency Doing more with less. The concept of eco-efficiency is a way business can contribute to sustainability by reducing resources usage in its production cycle
Biomimicry Seeks to integrate what is presently waste back into production in much the way that biological processes turn waste into food
Cradle-to-cradle responsibility Holds that a business should be responsible for incorporating the end results of its products back into the productive cycle
Service-based economy Interprets consumer demand as a demand for services. Clothes cleaning, floor covering, cool air, transportation or word processing are demands for products such as washing machines, carpeting, air conditioners, cars and computers.
Created by: 13rallie
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