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Sustainability is a social goal for people to co-exist on Earth over a long period of time. Definitions of this term are disputed and have varied with literature, context, and time. [2] [1] Sustainability usually has three dimensions (or pillars): environmental, economic, and social. [1] Many definitions emphasize the environmental dimension.
Sustainable development, like sustainability, is regarded to have three dimensions: the environment, economy and society. The idea is that a good balance between the three dimensions should be achieved. Instead of calling them dimensions, other terms commonly used are pillars, domains, aspects, spheres
Environmental initiatives are being rolled out across the industry, as brands seek to reduce their carbon footprint and appeal to conscious consumers. But a number of leaders in this space are ...
Furthermore, planning a sustainability strategy with the triple bottom line in mind could save companies a lot of money if a disaster were to strike. For example, when BP spilled "two hundred million gallons of oil in the Gulf of Mexico", it cost the company "billions". This company focused mostly on the financial and economic costs of this ...
Under the three ESG pillars (Environment, Social and Governance), MSCI breaks down companies based on 10 themes. For environmental, these are climate change, environmental opportunities, natural ...
These three spheres can also be referred to as the "triple bottom line" or the three pillars of sustainability. [10] While these spheres are vastly different from one another, they each play a crucial role in maintaining the efficiency of society and the betterment of the planet. Sustainability is established when the three spheres overlap equally.
Sustainable healthcare acknowledges all these dimensions of sustainability (environmental, economic and social, also called the 3 pillars of sustainability), delivering healthcare that does not damage the environment (either now or in the future), is economical and has a positive social impact. [4]
The following outline is provided as an overview of and topical guide to sustainability: . Sustainability – capacity to endure. For humans, sustainability is the long-term maintenance of well being, which has environmental, economic, and social dimensions, and encompasses the concept of stewardship and responsible resource management.