What is Business Sustainability? - Definition from TechTarget.com
By Ben Lutkevich on techtarget.com
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Business sustainability, also known as corporate sustainability, is the management and coordination of environmental, social and financial demands and concerns to ensure responsible, ethical and ongoing success. It encompasses the three pillars of sustainability: social, environmental and economic, and helps to solve or mitigate ecological, social and economic problems through the strategic management of resources. Companies are advised to regularly publish sustainability goals and their progress towards reaching them in order to maintain trust with stakeholders. Creating a sustainable business strategy involves addressing compliance, aligning overall strategy with sustainability, quantifying, being proactive, transparent, and collaborating. Examples of business sustainability include free cooling for data centers, carbon offsetting, embracing net-zero supply chain emissions, and building supply chain resilience.
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