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Sustainable development has become the primary yardstick of improvement for industries and is being integrated into effective government and business strategies. The needs for sustainability measurement include improvement in the operations, benchmarking performances, tracking progress, and evaluating process, among others. [12]
Sustainability of a culture (human system) within its resources and environment; Sustainability of a specific stream of benefits or productivity (usually just an economic measure); and; Sustainability of a particular institution or project without additional assistance (institutionalization of an input).
Sustainable market orientation (SMO) combines the principles of MO with a macro marketing systems management approach, a stakeholder approach to integrated corporate social responsibility and marketing strategy, and the use of the sustainability management concept. SMO will serve to move corporate management beyond the micro economic and ...
The phrase, "people, planet, and profit" to describe the triple bottom line and the goal of sustainability, was coined by John Elkington in 1994 while at SustainAbility, [3] [9] and was later used as the title of the Anglo-Dutch oil company Shell's first sustainability report in 1997. As a result, one country in which the 3P concept took deep ...
Sustainability marketing aims at marketing sustainable products and services which “satisfy customer needs and significantly improve the social and environmental performance along the whole life cycle”, [7] while increasing customer value and achieving the company's objectives. In turns, sustainability marketing myopia is an exaggerated ...
The Sustainable Apparel Coalition owns and develops the Higg Index. [4] Walmart and Patagonia founded the SAC in 2009 with the goal of convening stakeholders across the industry on a pre-competitive basis to develop a common approach to measuring sustainability.
Sustainability reporting refers to the disclosure, whether voluntary, solicited, or required, of non-financial performance information to outsiders of the organization. [1] Sustainability reporting deals with qualitative and quantitative information concerning environmental, social, economic and governance issues.
Sustainability accounting (also known as social accounting, social and environmental accounting, corporate social reporting, corporate social responsibility reporting, or non-financial reporting) originated in the 1970s [1] and is considered a subcategory of financial accounting that focuses on the disclosure of non-financial information about a firm's performance to external stakeholders ...
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