The acronym STEEPLED refers to a strategic environmental analysis approach that is an evolution of PESTEL analysis. While PESTEL considers political, economic, social, technological, environmental, and legal factors, STEEPLED also incorporates an ethical dimension by adding the “E.” Furthermore, to maintain its acronymic nature, the order of the letters has been rearranged. Occasionally, one may encounter STEEPLED that, in addition to environmental factors, includes demographics by adding the letter “D.”