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The 3 Keys to Sustainability

The 3 Keys to Sustainability

Sustainability is generally described as a three-pillar model. This framework, which is also referred to as the three pillars, helps define the goals of green technology.

The concept of sustainability has its roots in the 1970s and 1980s. It emerged as a critical reflection of social and ecological problems, especially those related to poverty and environmental degradation. These problems are accompanied by a lack of social justice, which reduces human wellbeing and prevents societies from making long-term plans.

Sustainable development is a process that aims to meet present needs while avoiding harm to the environment and future generations. It involves a comprehensive assessment of a company’s supply chain. Moreover, it requires accountability from primary level stakeholders, including retailers and suppliers.

The key pillars of sustainable development include economic, social and cultural. The economic pillar enables corporations to adopt sustainable practices. Companies can achieve this by implementing strategies to optimize resources and minimize current expenditure.

Culture encompasses both the social and economic dimensions. Businesses should encourage balanced culture and ensure employee and consumer support. Using green technologies and improving infrastructure can boost freshwater efficiency.

Economic pillar activities include good corporate governance and risk management. This pillar is essential for the existence of a business. If the company does not have a sustainability strategy, it may not be economically viable.

Social pillar ties back to a poorly defined concept of social license. It has been criticised for facilitating compromise. For instance, a corporation may be allowed to produce sustainably if it is given subsidies or tax breaks by the government.

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