The World Business Council for Sustainable Development (WBCSD) claims to have coined the term ecoefficiency in 1991. They defined ecoefficiency as
The delivery of competitively priced goods and services that satisfy human needs and bring quality of life, while progressively reducing ecological impacts and resource intensity throughout the life cycle, to a level at least in line with the Earth's estimated carrying capacity.
The principal objectives are as follows:
- Reducing the use of resources (energy, water, land, and materials), enhancing the recycling and reuse of lost resources, and closing material use/loss loops
- Reducing the impact on the environment by minimizing air emissions, water discharges, waste disposal, dispersion of toxic materials and heat, and fostering the sustainable use of natural resources
- Increasing product or service value by providing more benefits to ...