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Definition

Eco-efficiency

Company actions that produce more useful goods and services while continuously reducing resource consumption and pollution .

There are four key characteristics of eco-efficient corporations:

 *Eco-efficient firms are proactive, not reactive. Policy is initiated and promoted by business because it is in their own interests and the interest of their customers, not because it is imposed by one or more external forces.

* Eco-efficiency is designed in, not added on. This characteristic implies that the optimization of eco-efficiency requires every business effort regarding the product and processes to internalize the strategy.

*Flexibility is imperative for eco-efficient strategy implementation. Continuous attention must be paid to technological innovation and market evolution.

*Eco-efficiency is encompassing, not insular. In the modern global business environment, efforts must cross not only industrial sectors but national and cultural boundaries as well.

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