Sustainable development is a strategy of driving growth while using resources efficiently. It takes into consideration the immediate and long-term well-being of our environment and people.
In business, the three pillars of sustainable development are:
The main objective of sustainable development is to protect the environment and reduce inequality and poverty.
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The four concepts of sustainable development are human, social, economic, and environmental.
Climate change, water shortages, inequality, and hunger are just a few of the issues that must be addressed on a global scale in order to be overcome. Sustainable development is an effort to combine social advancement with environmental balance and economic growth.
The four pillars of sustainability provide a framework for long-term sustainable development where the capitals of the human, social, economic, and ecological systems are in the proper equilibrium.
With tightening environmental legislation and shifting consumer preferences, there’s a greater push for companies to adopt sustainable product development practices and deliver eco-friendly products. Thus, many manufacturers are stepping up to the plate to help build a greener future and enhance our quality of life.
Learn how to streamline environmental compliance for sustainable product development.