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Sustainability
The long term maintenance of responsibility which has environmental, economic and social dimensions, all about the capacity to maintain and endure.
Sustainable Development
Meets the needs of the present without compromising the ability of future generations to meet their own needs.
SDG goals with sustainable development
They want economies to grow, companies to thrive, and people to have decent work. So to create new innovative technologies but without harming the environment.
Primark and sustainable development
They ensure that all of its clothing is made using recycled, sustainably sourced materials, they design clothes that strengthen their durability, so they last longer. They also halve their carbon emissions across its value chain, and they pursue a living wage for its workers in their supply chain.
Ways to promote Sustainable development
Triple bottom line, Decoupling, product stewardship, and sustainable reporting
Triple bottom line
An expanded spectrum of values and criteria for measuring organizational success. It considers social, environmental and economic elements.
Society
jobs, equity and standard of living
Economics
cost savings, profit and growth
Environment
biodiversity, natural resource and waste prevention practices.
Decoupling
Two trends that disconnect so one no longer depends on the other, using resources more productively and re-designing production systems. ex: When economic growth is no longer tied to environmental damage, businesses can continue to grow without having a negative impact on the environment and depleting resources.
Resource decoupling
Being more efficient with the resources available
Impact decoupling
use processes that reduce the negative effects on the environment and society while still allowing for economic growth.
Levels of decoupling
No decoupling, relative decoupling, and absolute decoupling
No decoupling
When economic output and resources grow at the same rate
Relative decoupling
When economic output grows faster than resource use, indicating improved efficiency.
Absolute decoupling
When economic output increases without a corresponding increase in resource use, demonstrating significant efficiency improvements.
International sustainable laws
Regulations aimed at promoting sustainability, and encourage companies to not simply focus on profits and stakeholder interests, but to ensure that each country enforces domestic legislation in a transparent way. Allowing countries to ensure its businesses, public services and national resources and survive in its own realistic landscape.
Examples of sustainable laws
Paris climate change conference (reducing greenhouse gas emissions), kyoto protocal (reduction in pollution and increase use of renewable energy)
Sustainable reporting
company report that focuses on 4 aspects: economic, social, environmental and governance. It provides information on how that company may be addressing issues like reducing its carbon footprint, improving working conditions, and ensuring ethical business practices.
Governance
ways rules, decisions and actions are structured
Reporting benefits on Governments
They can clearly see what issues are being tackled and which are not. It gives them information that can drive progress in the right areas, drives compliance through legislation,
Reporting benefits on manufacturers
It can be used for marketing, to drive innovation, to promote positive social reputation/branding, and can lead to economic savings.
Reporting benefits on consumers
Allows trust within a brand, cheaper solutions, more innovative options available , and informed purchasing decisions.
Product Stewardship
A sustainable development strategy in which everyone is involved in the making, selling and handling of the products (equipment), take full responsibility for minimizing environmental impact all all stages of the life cycle. From design to production to disposal.