Sustainable Development
ICSE · Class 11 · Entrepreneurship
Quick revision notes for Sustainable Development — ICSE Class 11 Entrepreneurship. Key concepts, formulas, and definitions for last-minute revision.
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Key Topics to Revise
1. Meaning and Core Idea of Sustainable Development
- Sustainable Development means development that meets present needs without compromising the needs of future generations.
- It was formally defined in 1987 by the World Commission on Environment and Development in its report Our Common Future.
- It integrates three essential dimensions: economic progress, environmental conservation, and social equity.
2. Dimensions and Importance of Sustainable Development
- Sustainable development has three core dimensions: economic progress, environmental conservation, and social equity.
- Economic progress includes income growth, production, employment, and business activity.
- Environmental conservation means protecting water, forests, minerals, air, and other natural resources.
3. Sustainability in Business and Triple Bottom Line
- Sustainability in business means conducting business operations in a responsible manner that balances economic profitability, environmental protection, and social responsibility.
- A sustainable business does not focus only on profit; it also considers the environment and society.
- Modern businesses are aligning their operations with UN Sustainable Development Goals, which encourage responsible production, climate action, decent work, and reduced inequalities.
4. Energy Efficiency and De-carbonisation
- Maximizing energy efficiency means producing maximum output with minimum energy consumption.
- Energy efficiency reduces operating costs and carbon emissions.
- Businesses can improve energy efficiency by using energy-efficient machinery, LED lighting, smart sensors, insulation, energy audits, renewable energy, and better production planning.
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