Supplement Five

Three P's in triple bottom line

people, planet, and profit

Life cycle assessment

analysis of environmental impacts of products from the design stage through end-of-life

Carbon dioxide

one of the key compounds society is expecting to reduce as part of industrial greenhouse gas emission programs in the European Union and United States

Corporate Social Responsibility

managers must consider how products and services affect people and the environment (societal & financial)

Sustainability

meeting the needs of the present without compromising the ability of future generations to meet their needs

Systems view

looking at a product’s life from design to disposal, including all the resources required

Commons

many inputs to a production system held by the public

Circular economy

resources are kept and used for as long as possible, recovering and regenerating the maximum possible value at end of life

Carbon footprint

measure of total greenhouse gas emissions caused directly or indirectly by an organization, a product, an event, or a person

Economic sustainability

appropriately allocating scarce resources to make a profit