Essay on Sustainable Development And The Triple Bottom Line

The most commonly used definition of sustainable development is still that given in the report of the World Commission on Environment and Development (1987), i.e. sustainable development is ‘a process to meet the needs of the present without compromising the ability of future generations to meet their own needs.’ Sustainable development is therefore about creating a better life for all people in ways that will be as viable in the future as they are at present. In other words, sustainable development is based on principles of sound husbandry of the world’s resources, and on equity in the way those resources are used and in the way in which the benefits obtained from them are distributed (Making Tourism More Sustainable, 2005).

The definition of sustainability varies widely depending on the context in which the concept of sustainability is used. As Herman Daly (1996) put it, “Sustainable development is a term that everyone likes, but nobody is sure of what it means. The term rose to the prominence of a mantra after the publication of the UN sponsored Brundtland Commission report entitled, Our Common Future.” The Brudndtland Commision (1987) that Daly was referring to defined the term as “development that meets the needs of the present

Sustainable development is the improvement that addresses the issues of the present without bargaining the capacity of future eras to address their own issues. It consists of two key ideas:

Sustainable development is very important to our human being, meanwhile, it is one of the most significant developments for a company. The meaning of sustainable development is a “development that meets the needs of the present without compromising the ability of future generations to meet their own needs.” (Strange and Bayley, 2008, P24). Sustainable development actually is a synthesis that trying to find the way which can most benefit our current generation and future generation, thus, we have to consider the 3 pillars which are society, environment and economy because they are the three main aspects of human development. For example, we need an appropriate planet for us to stay and raise the food firstly, and in order to maintain equity and stability of the society, we have to balance work, culture and others which are related to people. Also, since these three pillars are interconnected, the economic pillar is very important,

Sustainable development is the key to a brighter future with less waste production. Sustainable development involves three major sectors, social, economical and environmental. When considering these aspects separate, we can see that solution to a problem creating another. For example when creating affordable housing outside of city away from workplaces, it results in increased traffic and pollution that comes with it. Environmentalists win it seriously affects the economy and with that businesses related to that industry. From this we can see that everything is connected in one way or the other.

Since the creation of the UN’s World Commission on Environment and Development in 1987, the term “sustainability” has become a common term used when discussing the future of the world (Kerr &Hart-Steffes2012). Sustainability, in a broad sense, means living harmoniously with the environment, society, and economy without compromising quality of life for peoples of future generations. There are three main components to sustainability: social, environmental, and economic. The social dimension refers to housing, education, health care, and other aspects that contribute to one’s quality of life, while the economic dimension speaks to a viable local economy with job creation and incoming revenue not dependent on high consumption or population

Sustainability is achieved when we understand the economic environmental and social consequences of our actions and make deliberate choice that allow, all people to lead heathy productive and enjoyable lives.

Economic Sustainability: the employment of various strategies to the use of resources so that a long term beneficial balance can be achieved.

When people talk about sustainability, they usually categorize it into three main principles: economic, ecological, and social. Each has it’s own weight of importance.

The need to link the economical development with a greater concern about our planet gave birth to a new concept of sustainable development, which identifies a progress compatible with the preservation of the environment and resources for the future generations.

Sustainable development suggests the implementation of state-imposed limitations, with the purpose of reducing the amount of resources and space we overtake and ultimately, the amount of damage we cause to our planet’s future. It requires that we view the earth as a system that both contains space and connects time. We are all interconnected, and the selfish, wasteful lifestyle that a country might live in North America can affect people all around the world, presently even. Generally, sustainable development can be separated into sections-two of them being social and environmental. Social sustainability places emphasis on the importance of public policy-making. It requires a political framework that consists of six areas-natural resource management, measurement and assessment, international trade and investment, climate change and energy, economic policy and communication technologies. Environment sustainability is concerned with the diversity and productivity of natural environments, and requires our generation to innovate activities so that they cause minimal harm to our natural environments. Our future on this earth will directly depend on our ability to introduce and implement the sustainable development techniques discussed in these fundamental sectors.

Sustainability is “development that meets the needs of the present without compromising the ability of future generations” (Report of the World Commission on Environment and Development: Our Common Future 1987). The concept of sustainability comprises of four pillars: environmental; economic; political and social; as can be seen in the image below. Environmental sustainability is the use and management of the environment in a way that it does not deplete our finite resources. Economic sustainability is a long term sustainable economy that supports its community and political sustainability is the collaboration of different bodies of government to achieve a sustainable future. Now social sustainability is hard to define as it encapsulates many different factors; however to be very broad it is to achieve social justice. The real objective for sustainability is that all four pillars work together equally in a precautionary principle;

Every living being are directly or indirectly depend on natural environment. Sustainability helps to balance financial, social, and environmental factors to facilitate responsible business decision making over the immediate and long term. . Sustainability refers to meeting the needs of present generation without compromising the ability of future generations to meet their own needs (Oxford University press 1987, p.43). Sustainability is also being protective and aware of use of natural resources and development that meets the need of present and everything that is need for our survival and well being depends, directly or indirectly on our natural environment. According to Environmental Protection Agency (EPA) Sustainability is

Sustainability has been at the forefront of much international policy in the recent years, however how it should be implemented is contested. The United Nations 2030 Agenda for Sustainable Development offers a set of guidelines and goals for nations around the world. This however, is telling about the predominant voices on sustainable development where there is a focus on international assistance and management. This section will look at how exactly the international voices interact with the local ones on how sustainable development should actually be achieved in developing countries.

The most widely quoted definition of sustainable development is the one provided by the Brundtland Report, the report says that “sustainable development is development that meets the needs of present without compromising the ability of future generations to meet their own needs,” ( World Commission on Environment and Development,1987,p.43). According to Wall(1997) and Hunter(1995), two important ingredients are included in this statement: human needs and environmental limitations. For the World Commission, the major objective of development is to satisfy human needs and aspirations for a better quality of life for all people. In other words, sustainable development means long term economic sustainability within a framework of long term ecological sustainability plus