Logo with link to Sd3 Homepage company strapline saying Business sustainability - intergrating economic, environmental and social management
Look into Sd3...
explore sustainability
You are here: Home > Explore Sustainability > Step Three - Share
Glossary

The glossary of terms is divided into four parts, please select one from below:

A to F - Alternative fuels to Food miles
G to L - Genetic engineering to Life cycle assessment
M to R - Management system to Risk Management
S to Z - Scenarios to World Business Council

S to Z

Scenarios
Scenarios are powerful tools for addressing what is both fundamentally significant and profoundly unknowable - the future. Unlike forecasts, which impose patterns extrapolated from the past onto the future, scenarios are plausible, pertinent, alternative "stories" that are concerned more with strategic thinking than with strategic planning, and more specifically with the quality of that thinking. As we enter these alternative stories, we are guided to practice a more flexible approach to the future and to alter our mental maps and preconceptions. Scenarios attempt to look beyond our limited mind-sets, recognising that possibilities are influenced by a wide range of people and that many views of the world are different from our own.

SIGMA Guidelines
The SIGMA Guidelines are the most significant output of Phase 2 and have been developed for all organisations in all sectors and are an attempt to manage sustainability in one simple product. The Guidelines aim to facilitate integrated thinking by offering a flexible, unified but user friendly process, which is values-based and performance driven.

Site lifecycle management
The use and combination of existing tools and techniques (e.g. environmental impact assessment and environmental management systems) to effectively manage a site throughout its life from pre-development to development, commissioning, operation, decommissioning and re-use/re-development.

Social Accountability 8000 (SA 8000)
A management system standard developed by Social Accountability International, which is based on a range of United Nations and International Labour Organisation Conventions relating to best social and labour practices.

Socially responsible investment
Institutional, retail and community investment that combines the investors' financial objectives with their particular concerns about social, environmental and ethical issues.

Stakeholder
The management system component of the SIGMA Guidelines defines a stakeholder as any: "Individual or group concerned with, or affected by, a gain or loss in natural, human, manufactured, financial or social capital (or any other impact or outcome) brought about by an organisation's activities, products or services.

Sustainability
Sustainability may best be defined as the "capacity for continuance into the long-term future". Anything that can go on being done on an indefinite basis is sustainable. Anything that cannot go on being done indefinitely is unsustainable.

Sustainable development
Sustainable development is the process by which we move towards sustainability.

The Natural Step (TNS)
The Natural Step is a well-documented process that allows organisations to get to grips with the fundamental issues and principles that underpin sustainability. It is both a strategic device and a powerful awareness raising tool. The Natural Step is based on scientific principles, systems theory and organisational learning. The TNS framework has been derived from an examination of the science underpinning the working and inter-relationships associated with natural systems. At the heart of the Natural Step therefore, lie 4 system conditions, which provide a description of the conditions that must be met for society to live sustainably within planet Earth's supportive capacity.

Transparency
The duty to account to those with a legitimate interest - the stakeholders in the organisation: those groups who affect and / or are affected by an organisation and its activities.

Triple bottom line
A popular way of expressing the concept and practice of sustainable development in a business context. This is the idea that organisations derive their license to operate not just by satisfying shareholders through improved profits and dividends (the economic bottom line), but by simultaneously satisfying other stakeholders in society (employees, communities, customers, etc.) through improved performance against the social and environmental bottom lines.

Waste
Waste is what is thrown away because it is no longer needed or wanted. When something is thrown away the natural resources, energy and the time used to make the product are lost. The vast majority of these resources cannot be replaced. By throwing the product away pressure is put on the environment to cope with the waste itself and by a demand for new resources to replace the product. The best way of managing waste is not to produce it in the first place - waste prevention. Then there may be an option to reuse the product and material.

Work / life balance
Work-life balance ensures that everyone, regardless of age, race or gender or other needs can combine work with their other responsibilities or aspirations. Sustainable organisations are open to adjusting working patterns and providing flexibility in employment practices. This can help to increase productivity, attract the skilled, experienced and motivated staff needed and to retain them in a competitive market place.

World Business Council for Sustainable Development (WBCSD)
A business membership organisation whose aim is to develop tools and approaches that allow business to contribute to sustainable development.

back to top
 
  Toolshed
  News Snippets
  Glossary
  Reports & Articles
  Sectoral
  Local Government
  Links for Business
  Do it Yourself

Copyright Sd3 2003