Environmental Factor
External element affecting environment: climate, resources, pollution, sustainability.
Real World
Unilever has committed to net-zero emissions across its value chain by 2039, responding to both regulatory pressure and consumer demand for sustainable products as an environmental factor reshaping its strategy.
Exam Focus
Slot environmental factors into a PESTLE framework; state the factor, its effect on the specific business, and whether it is a threat or opportunity.
How well did you know this?