What are the 03 pillars of sustainability?

by Roger Brendon An avid tea drinker, passionate traveller

When operating a business entity, one should always strive to ensure long term survival as well as sustainable growth. The article below provides information about the three pillars of sustainability which apply to businesses especially in the modern day.

1. Environmental Pillar

The Environmental Pillar is all about ensuring that green policies and practices are adhered to by a business organization. This is indeed one of the most highlighted aspects of the performance of a business in the present day. As we all know, global warming has an adverse impact on the planet as a whole and every single person as well as business has to take the necessary steps to reduce the carbon footprint. The Environmental Pillar includes green initiatives that a company has to take, such as biodiversity conservation as well as controlling wastage. Biodiversity and conservation are indeed hot topics which are greatly discussed today.

2. The Social Pillar

A business has to always conduct their operations in an ethical and socially acceptable manner. This is indeed of paramount importance. The Social Pillar of sustainability describes the manner in which a business has to conduct operations in order to become a valuable and respectable corporate citizen. Not many businesses can survive in the long run now if they don’t conduct their business operations in an ethical manner.

3. Economic Pillar

Needless to say, many businesses are quite keen about the Economic Pillar. This is because profits are of paramount importance for the survival of a business. But of course, the Economic Pillar ensures that the profits are obtained in a respectable and responsible manner. Profit maximization shouldn’t come at a cost of Social and Environmental Pillars.

Hope the information above will give you the ability and the opportunity to conduct your business operations in a sustainable manner.