Sustainable Development — Chapter Summary
ICSE · Class 11 · Entrepreneurship
Summary of Sustainable Development for ICSE Class 11 Entrepreneurship. Part of the ICSE Class 11 Entrepreneurship syllabus.
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Overview
Sustainable development is a process of development that meets the needs of the present generation without compromising the ability of future generations to meet their own needs. It was formally defined in 1987 by the World Commission on Environment and Development in its report Our Common Future. I
Key Concepts
Sustainable development means meeting present needs
Sustainable development means meeting present needs without reducing the ability of future generations to meet their own needs. It promotes balanced d
Sustainable development integrates economic progress
Sustainable development integrates economic progress, environmental conservation, and social equity. These three dimensions work together to support l
Sustainability in business is commonly based
Sustainability in business is commonly based on the Triple Bottom Line Approach, which focuses on Profit, People, and Planet.
A core principle of sustainable development
A core principle of sustainable development is intergenerational equity, which means meeting current needs without harming the ability of future gener
Sustainability in business means conducting operations
Sustainability in business means conducting operations in a responsible manner that balances economic profitability, environmental protection, and soc
Learning Objectives
- Understand the meaning of sustainable development
- Identify the three dimensions of sustainable development
- Explain the importance of sustainability in business
- Describe maximizing energy efficiency, community development, and de-carbonisation
- Understand the meaning and components of Corporate Social Responsibility
Frequently Asked Questions
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Sources & Official References
Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.
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