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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.
Graphic describing the three types of bottom lines. The triple bottom line (or otherwise noted as TBL or 3BL) is an accounting framework with three parts: social, environmental (or ecological) and economic. Some organizations have adopted the TBL framework to evaluate their performance in a broader perspective to create greater business value. [1]
Scholars usually distinguish three different areas of sustainability. These are the environmental, the social, and the economic. Several terms are in use for this concept. Authors may speak of three pillars, dimensions, components, aspects, [35] perspectives, factors, or goals. All mean the same thing in this context. [28]
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 ...
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.
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.
The three pillars of sustainability. The International Chamber of Commerce (ICC), representing global business, defines the green economy as "an economy in which economic growth and environmental responsibility work together in a mutually reinforcing fashion while supporting progress on social development". [17] [18]