eco (adjective, e-co, \ iˈkɑː \) efficiency (noun, ef-fi-cien-cy, \ ɪˈfɪʃnsi \)
Definition: is a type of management approach that targets minimizing the damage that a company is doing to the environment while boosting the effectiveness of the organization’s production process. Eco efficiency can be achieved by implementing methods that allow a firm to use lesser amounts of energy, water, and other materials. Additionally, the company can focus its efforts on recycling and get rid of harmful elements and emissions developed during the manufacturing process.
In a Sentence:
- A vital part of our eco efficiency program is the incorporation of a new recycling system that should eliminate about 60% of waste produced by our company.
- Tesla has always demonstrated that they value eco efficiency in their products. The company did everything in its power to design the cars so that they will serve their owners for years to come without needing a replacement.
- Ever since the director of Tyson & Blair has adopted the eco efficiency management system, proper energy consumption became a big part of the employees’ lives.
Synonyms and related words: economic development, environmental influence, industrial efficiency, quality of life management
