{"id":46,"date":"2025-09-05T06:41:22","date_gmt":"2025-09-05T06:41:22","guid":{"rendered":"https:\/\/openbook.ums.edu.my\/sustainablestartup\/chapter\/4-5key-terms\/"},"modified":"2026-01-20T02:23:24","modified_gmt":"2026-01-20T02:23:24","slug":"4-5key-terms","status":"publish","type":"chapter","link":"https:\/\/openbook.ums.edu.my\/sustainablestartup\/chapter\/4-5key-terms\/","title":{"raw":"4.5 Key Terms","rendered":"4.5 Key Terms"},"content":{"raw":"<div class=\"4.5key-terms\">\r\n<ul>\r\n \t<li class=\"import-NormalWeb\" style=\"text-align: justify;\"><strong>[pb_glossary id=\"315\"]Mission Statement[\/pb_glossary]<\/strong>: A formal declaration of a company\u2019s purpose that goes beyond profit to include specific social and environmental objectives.<\/li>\r\n \t<li class=\"import-NormalWeb\" style=\"text-align: justify;\"><strong>[pb_glossary id=\"374\"]Vision Statement[\/pb_glossary]<\/strong>: A forward-looking declaration that outlines the positive impact a business aims to have on the world.<\/li>\r\n \t<li class=\"import-NormalWeb\" style=\"text-align: justify;\"><strong>[pb_glossary id=\"353\"]Sustainability Integration[\/pb_glossary]<\/strong>: The process of embedding sustainable practices into all core functions of a business, from initial product development to final marketing.<\/li>\r\n \t<li class=\"import-NormalWeb\" style=\"text-align: justify;\"><strong>[pb_glossary id=\"362\"]Triple Bottom Line[\/pb_glossary] (TBL)<\/strong>: An accounting framework that expands the traditional focus on financial profit to include two additional dimensions: <strong>people<\/strong> ([pb_glossary id=\"332\"]social performance[\/pb_glossary]) and <strong>planet<\/strong> ([pb_glossary id=\"299\"]environmental performance[\/pb_glossary]).<\/li>\r\n \t<li class=\"import-NormalWeb\" style=\"text-align: justify;\"><strong>[pb_glossary id=\"332\"]Social Performance[\/pb_glossary]<\/strong>: A measure of a company's success in terms of its [pb_glossary id=\"326\"]social impact[\/pb_glossary] on employees, communities, and other stakeholders.<\/li>\r\n \t<li class=\"import-NormalWeb\" style=\"text-align: justify;\"><strong>[pb_glossary id=\"299\"]Environmental Performance[\/pb_glossary]<\/strong>: A measure of a company's success in reducing its ecological footprint.<\/li>\r\n \t<li class=\"import-NormalWeb\" style=\"text-align: justify;\"><strong>[pb_glossary id=\"318\"]Performance Measures[\/pb_glossary]<\/strong>: Specific metrics used to track and evaluate a business's progress toward its sustainability goals.<\/li>\r\n \t<li class=\"import-NormalWeb\" style=\"text-align: justify;\"><strong>[pb_glossary id=\"330\"]Social Impact Quantification[\/pb_glossary]<\/strong>: The process of using data (e.g., employee satisfaction scores, number of fair-wage jobs) to measure a company's positive social contributions.<\/li>\r\n \t<li class=\"import-NormalWeb\" style=\"text-align: justify;\"><strong>[pb_glossary id=\"297\"]Environmental Impact Quantification[\/pb_glossary]<\/strong>: The process of using metrics (e.g., carbon footprint, [pb_glossary id=\"377\"]waste reduction[\/pb_glossary]) to measure and report a business's [pb_glossary id=\"299\"]environmental performance[\/pb_glossary].<\/li>\r\n<\/ul>\r\n<\/div>","rendered":"<div class=\"4.5key-terms\">\n<ul>\n<li class=\"import-NormalWeb\" style=\"text-align: justify;\"><strong><a class=\"glossary-term\" aria-haspopup=\"dialog\" aria-describedby=\"definition\" href=\"#term_46_315\">Mission Statement<\/a><\/strong>: A formal declaration of a company\u2019s purpose that goes beyond profit to include specific social and environmental objectives.<\/li>\n<li class=\"import-NormalWeb\" style=\"text-align: justify;\"><strong><a class=\"glossary-term\" aria-haspopup=\"dialog\" aria-describedby=\"definition\" href=\"#term_46_374\">Vision Statement<\/a><\/strong>: A forward-looking declaration that outlines the positive impact a business aims to have on the world.<\/li>\n<li class=\"import-NormalWeb\" style=\"text-align: justify;\"><strong><a class=\"glossary-term\" aria-haspopup=\"dialog\" aria-describedby=\"definition\" href=\"#term_46_353\">Sustainability Integration<\/a><\/strong>: The process of embedding sustainable practices into all core functions of a business, from initial product development to final marketing.<\/li>\n<li class=\"import-NormalWeb\" style=\"text-align: justify;\"><strong><a class=\"glossary-term\" aria-haspopup=\"dialog\" aria-describedby=\"definition\" href=\"#term_46_362\">Triple Bottom Line<\/a> (TBL)<\/strong>: An accounting framework that expands the traditional focus on financial profit to include two additional dimensions: <strong>people<\/strong> (<a class=\"glossary-term\" aria-haspopup=\"dialog\" aria-describedby=\"definition\" href=\"#term_46_332\">social performance<\/a>) and <strong>planet<\/strong> (<a class=\"glossary-term\" aria-haspopup=\"dialog\" aria-describedby=\"definition\" href=\"#term_46_299\">environmental performance<\/a>).<\/li>\n<li class=\"import-NormalWeb\" style=\"text-align: justify;\"><strong><a class=\"glossary-term\" aria-haspopup=\"dialog\" aria-describedby=\"definition\" href=\"#term_46_332\">Social Performance<\/a><\/strong>: A measure of a company&#8217;s success in terms of its <a class=\"glossary-term\" aria-haspopup=\"dialog\" aria-describedby=\"definition\" href=\"#term_46_326\">social impact<\/a> on employees, communities, and other stakeholders.<\/li>\n<li class=\"import-NormalWeb\" style=\"text-align: justify;\"><strong><a class=\"glossary-term\" aria-haspopup=\"dialog\" aria-describedby=\"definition\" href=\"#term_46_299\">Environmental Performance<\/a><\/strong>: A measure of a company&#8217;s success in reducing its ecological footprint.<\/li>\n<li class=\"import-NormalWeb\" style=\"text-align: justify;\"><strong><a class=\"glossary-term\" aria-haspopup=\"dialog\" aria-describedby=\"definition\" href=\"#term_46_318\">Performance Measures<\/a><\/strong>: Specific metrics used to track and evaluate a business&#8217;s progress toward its sustainability goals.<\/li>\n<li class=\"import-NormalWeb\" style=\"text-align: justify;\"><strong><a class=\"glossary-term\" aria-haspopup=\"dialog\" aria-describedby=\"definition\" href=\"#term_46_330\">Social Impact Quantification<\/a><\/strong>: The process of using data (e.g., employee satisfaction scores, number of fair-wage jobs) to measure a company&#8217;s positive social contributions.<\/li>\n<li class=\"import-NormalWeb\" style=\"text-align: justify;\"><strong><a class=\"glossary-term\" aria-haspopup=\"dialog\" aria-describedby=\"definition\" href=\"#term_46_297\">Environmental Impact Quantification<\/a><\/strong>: The process of using metrics (e.g., carbon footprint, <a class=\"glossary-term\" aria-haspopup=\"dialog\" aria-describedby=\"definition\" href=\"#term_46_377\">waste reduction<\/a>) to measure and report a business&#8217;s <a class=\"glossary-term\" aria-haspopup=\"dialog\" aria-describedby=\"definition\" href=\"#term_46_299\">environmental performance<\/a>.<\/li>\n<\/ul>\n<\/div>\n<div class=\"glossary\"><span class=\"screen-reader-text\" id=\"definition\">definition<\/span><template id=\"term_46_315\"><div class=\"glossary__definition\" role=\"dialog\" data-id=\"term_46_315\"><div tabindex=\"-1\"><p>A formal declaration of a company\u2019s purpose that goes beyond profit to include specific social and environmental objectives.<\/p>\n<\/div><button><span aria-hidden=\"true\">&times;<\/span><span class=\"screen-reader-text\">Close definition<\/span><\/button><\/div><\/template><template id=\"term_46_374\"><div class=\"glossary__definition\" role=\"dialog\" data-id=\"term_46_374\"><div tabindex=\"-1\"><p>A forward-looking declaration that outlines the positive impact a business aims to have on the world.<\/p>\n<\/div><button><span aria-hidden=\"true\">&times;<\/span><span class=\"screen-reader-text\">Close definition<\/span><\/button><\/div><\/template><template id=\"term_46_353\"><div class=\"glossary__definition\" role=\"dialog\" data-id=\"term_46_353\"><div tabindex=\"-1\"><p>The process of embedding sustainable practices into all core functions of a business, from initial product development to final marketing.<\/p>\n<\/div><button><span aria-hidden=\"true\">&times;<\/span><span class=\"screen-reader-text\">Close definition<\/span><\/button><\/div><\/template><template id=\"term_46_362\"><div class=\"glossary__definition\" role=\"dialog\" data-id=\"term_46_362\"><div tabindex=\"-1\"><p>An accounting framework that expands the traditional focus on financial profit to include two additional dimensions: people (social performance) and planet (environmental performance).<\/p>\n<\/div><button><span aria-hidden=\"true\">&times;<\/span><span class=\"screen-reader-text\">Close definition<\/span><\/button><\/div><\/template><template id=\"term_46_332\"><div class=\"glossary__definition\" role=\"dialog\" data-id=\"term_46_332\"><div tabindex=\"-1\"><p>A measure of a company's success in terms of its social impact on employees, communities, and other stakeholders.<\/p>\n<\/div><button><span aria-hidden=\"true\">&times;<\/span><span class=\"screen-reader-text\">Close definition<\/span><\/button><\/div><\/template><template id=\"term_46_299\"><div class=\"glossary__definition\" role=\"dialog\" data-id=\"term_46_299\"><div tabindex=\"-1\"><p>A measure of a company's success in reducing its ecological footprint<\/p>\n<\/div><button><span aria-hidden=\"true\">&times;<\/span><span class=\"screen-reader-text\">Close definition<\/span><\/button><\/div><\/template><template id=\"term_46_326\"><div class=\"glossary__definition\" role=\"dialog\" data-id=\"term_46_326\"><div tabindex=\"-1\"><p>A business's effect on society, including fair labor practices, community engagement, and solving social problems.<\/p>\n<\/div><button><span aria-hidden=\"true\">&times;<\/span><span class=\"screen-reader-text\">Close definition<\/span><\/button><\/div><\/template><template id=\"term_46_318\"><div class=\"glossary__definition\" role=\"dialog\" data-id=\"term_46_318\"><div tabindex=\"-1\"><p>Specific metrics used to track and evaluate a business's progress toward its sustainability goals.<\/p>\n<\/div><button><span aria-hidden=\"true\">&times;<\/span><span class=\"screen-reader-text\">Close definition<\/span><\/button><\/div><\/template><template id=\"term_46_330\"><div class=\"glossary__definition\" role=\"dialog\" data-id=\"term_46_330\"><div tabindex=\"-1\"><p>The process of using data (e.g., employee satisfaction scores, number of fair-wage jobs) to measure a company's positive social contributions.<\/p>\n<\/div><button><span aria-hidden=\"true\">&times;<\/span><span class=\"screen-reader-text\">Close definition<\/span><\/button><\/div><\/template><template id=\"term_46_297\"><div class=\"glossary__definition\" role=\"dialog\" data-id=\"term_46_297\"><div tabindex=\"-1\"><p>The process of using metrics (e.g., carbon footprint, waste reduction) to measure and report a business's environmental performance.<\/p>\n<\/div><button><span aria-hidden=\"true\">&times;<\/span><span class=\"screen-reader-text\">Close definition<\/span><\/button><\/div><\/template><template id=\"term_46_377\"><div class=\"glossary__definition\" role=\"dialog\" data-id=\"term_46_377\"><div tabindex=\"-1\"><p>A core practice in sustainable supply chains that focuses on cutting down on waste at every stage, from production to delivery.<\/p>\n<\/div><button><span aria-hidden=\"true\">&times;<\/span><span class=\"screen-reader-text\">Close definition<\/span><\/button><\/div><\/template><\/div>","protected":false},"author":167,"menu_order":20,"template":"","meta":{"pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-46","chapter","type-chapter","status-publish","hentry"],"part":3,"_links":{"self":[{"href":"https:\/\/openbook.ums.edu.my\/sustainablestartup\/wp-json\/pressbooks\/v2\/chapters\/46","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/openbook.ums.edu.my\/sustainablestartup\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/openbook.ums.edu.my\/sustainablestartup\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/openbook.ums.edu.my\/sustainablestartup\/wp-json\/wp\/v2\/users\/167"}],"version-history":[{"count":13,"href":"https:\/\/openbook.ums.edu.my\/sustainablestartup\/wp-json\/pressbooks\/v2\/chapters\/46\/revisions"}],"predecessor-version":[{"id":383,"href":"https:\/\/openbook.ums.edu.my\/sustainablestartup\/wp-json\/pressbooks\/v2\/chapters\/46\/revisions\/383"}],"part":[{"href":"https:\/\/openbook.ums.edu.my\/sustainablestartup\/wp-json\/pressbooks\/v2\/parts\/3"}],"metadata":[{"href":"https:\/\/openbook.ums.edu.my\/sustainablestartup\/wp-json\/pressbooks\/v2\/chapters\/46\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/openbook.ums.edu.my\/sustainablestartup\/wp-json\/wp\/v2\/media?parent=46"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/openbook.ums.edu.my\/sustainablestartup\/wp-json\/pressbooks\/v2\/chapter-type?post=46"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/openbook.ums.edu.my\/sustainablestartup\/wp-json\/wp\/v2\/contributor?post=46"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/openbook.ums.edu.my\/sustainablestartup\/wp-json\/wp\/v2\/license?post=46"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}