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Sustainability

The processes by which enterprises manage their economic, environmental, and social obligations and opportunities to create long-term competitive advantage and growth. These are also often referred to as people, planet, and profits in popular media.

Embedded sustainability

Sustainability is embedded when every part of the business makes decisions that intelligently weigh the economic, environmental, and social impacts on the long-term ability to sustain the business.

Closed-loop system

A closed-loop system has active feedback mechanisms to monitor the output of the activities and thereby correct for deviations from targets or thresholds. In sustainability terms, it is the cradle-to-cradle or cradle-to-grave view of resources and information.

Enterprise sustainability planning (ESP)

A set of capabilities available as enterprise software solutions that allow enterprises to collect, track, model, plan and analyze sustainability information within the context of operations.