corporate-sustainability

Vocabulary Word

Definition

'Corporate sustainability' is when a business takes steps to be friendly to the environment. This could mean using sustainable resources, reducing their carbon footprint, or recycling.

Examples in Different Contexts

Corporate sustainability also encompasses economic sustainability, ensuring that business operations are financially viable without compromising future generations. A financial analyst might state, 'Economic sustainability involves prudent financial management and investment in sustainable business practices that ensure long-term profitability.'

Practice Scenarios

Business

Scenario:

Given the growing awareness among consumers, incorporating sustainability measures can be great for our brand image.

Response:

Absolutely! Corporate sustainability will not only boost our brand image but also likely improve our long-term profitability.

Tech

Scenario:

Our data centers consume a significant amount of power. Can we explore renewable energy sources?

Response:

Utilizing solar power could be a step towards corporate sustainability and save power costs in the long run.