Sustainability means conducting activities smartly and efficiently in ways that are economic, renewable and repeatable. Sustainable development considers the impact of business on ecological, social, and economic systems and strives to maintain balance and integration of these systems.
Corporate Sustainability (the Triple Bottom Line)
The concept of a “Triple Bottom Line” is one in which an organization places equal importance on the social, environmental, and economic impacts of its business practices.
Common model: The triple bottom line accounting recognizes environmental goods as natural capital. The three components work together to support sustainable operations. The Three Pillars of Sustainability:
Source: EPA, Various
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