Sustainability vs. Sustainable Development: Examining Two Important Concepts
Definitions: Sustainability vs. Sustainable Development
The Pillars of Sustainability and Sustainable Development
- Economic/profits 一 This pillar centers on the idea of an efficient and responsible use of resources that leads to long-term profitability. In business, profitability can equal longevity. In other words, transitioning to a sustainable business can improve a company’s chances of operating over the long term.
- Environmental/planet 一 In business, reducing carbon footprints, waste, and water usage while maximizing energy efficiency can provide both environmental and financial benefits, and shows responsiveness to community opinion. According to Pew Research, 63% of Americans believe that climate change affects their local community.
- Social/people 一 The social pillar of sustainability focuses on the interrelationship of systems and processes that support the creation of healthy and livable communities that can sustain themselves. In business, social sustainability initiatives often include promoting fair labor practices and wages; employee health, safety, wellness, and work-life balance; and diversity and equity.