Introduction In 1987, the concept of sustainable development was published in the Brundtland report (United Nations, 1987). According to the Brundland report, the definition of sustainable development was “development which meets the needs of the present without compromising the ability of future generations to meet their own needs” (United Nations, 1987). Three major areas of development were economic, social and environment. The balance between these three major areas was important when development. Nowadays, the concept is generally accepted for the blueprint of future development in many countries including developed and developing countries. It is easily find that lots of government use the concept of sustainable development as their policy …show more content…
Some opinions said the sustainable development completely changed the policy system and policy maker (United Nations, 2012). Concerning the environmental and social aspect rather than only the economic, it is the success of the sustainable development in these 30 years. However, the usefulness of the concept is still uncertain. Is it really a right way for sustainable development in guiding the environmental policy making and management? There are some cases showing the sustainable development fail in policy making and management. As a result, it is necessary to evaluate the usefulness of sustainable development. The following will discuss the usefulness and limitation of sustainable development in guiding environmental policy making and management. After the discussion, it will compare both sides and conclude how useful of sustainable …show more content…
The international organizations are powerful and playing a leader role in global level. Therefore, they can influence other organizations or countries to adopt sustainable development in their policy making and management. For example, the World Bank has affirmed a commitment to sustainable globalization that enhances growth with care for the environment (United Nations , 2010). Thus, the financial and banking industry is following the World Bank, adopt the sustainable development in their corporate policy. Moreover, sustainable development allows stakeholders to adapt the concept freely. Thus, organizations can base on their characteristic to adjust and create unique sustainable development plan. World Trade Organization contributes to sustainable development through open borders and the removals of barriers to trade (United Nations , 2010). These shows that the sustainable development is not a fixed concept, all sectors can enjoy flexibility. Moreover, many international organizations used sustainable development and practiced well in cost-saving (United Nations , 2010). It also shows that sustainable development is useful in policy
Sustainability is the practice of running a business in such a way that it has no negative impact on the environment, community, or society (Spiliakos, 2018). The goal of sustainability should be to have a positive impact on the world and to demonstrate the positive impact that a company has on the environment and society.
This day and age, change has become the new norm that shapes and develops the business world and global economy. A rising topic that has shepherd the direction of innovation is climate change and environmental awareness. The sustainability of a company encompasses their ability to manage social and environmental risks, obligations and opportunities. This concept is important for managers and to understand and implement because of government regulations and potential cost efficiency. In Oregon, there are numerous companies that express the importance of being sustainable.
References CVS Health. (2015). Retrieved from http://www.cvshealth.com/ Heizer, J. & Render, B. (2011). Operations management (10th ed.). Boston, MA: Prentice Hall Stevens, H. (2012, December 6).Record Number of U.S. Companies Issuing Sustainability Reports, Retrieved from http://www.triplepundit.com/2012/12/record-number-companies-issuing-sustainability-reports/ New Research Shows S&P 500® and Fortune 500® Reporting on Sustainability More Than Doubles from Previous Year.
By adhering to ethical governance standards in global communication and collaboration efforts, NationaliTeas can help build trust and confidence among stakeholders, and ensure that their actions are aligned with broader societal values and expectations (Honmann, 2023). Environmental sustainability is also critical for global citizenship, as it promotes responsible stewardship of the planet and its resources. By incorporating environmental sustainability into global communication and collaboration efforts, individuals and organizations can help reduce their carbon footprint, minimize waste, and promote sustainable practices that benefit both current and future generations (Honmann,
The sustainability report includes labor practices, energy efficiency, product sourcing, business ethics practices, and impact on natural environment. To provide annually sustainability report to the shareholders is good for the businesses. The well-known store in United States the WAL-MART annually provides a sustainability report to his shareholders. Wal-Mart and his suppliers both are work to gather to provide these reports. Wal-Mart not only monitors the price of products by the vendors but also monitor the vendor’s social responsibility and environmental practices.
Businesses have been playing a crucial role in people’s lives. No matter what they go or what the occupations they are; people are drawn to get involved in businesses. However, behind the scenes of the business thriving, the environment is deteriorated each day. Many development schemes are come up with the plan related with the depletion of the environment (Shah, 2002). Because of people and environmental damages, attentions were drawn to corporations for ensuring their sustainabilities.
Sustainability is meeting the needs of the present without compromising the ability of future generations to meet their own needs. [ The Brundtland Commission, 1987:Our Common Future:Report of the World Commission on Environment and Development.(1987,August 4)|United Nations Documents NO.A/42/427 Retrieved March 10,2017, from http://www.un-documents.net/our-common-future.pdf](The Brundtland Commission, 1987) Sustainability development is to conducted and produce without depletion of natural resources for the next and the future generation, also need current society to maintain the non-regenerated energy resources, but still needs to satisfy the needs of the current mankind, is not about shut down everything and going back to the primitive communes
This applies to all stakeholders’ groups - investors, business managers, labour, suppliers, consumers, administrative bureaucrats and politicians , government servants, young and old men and women as also all types of organizations - firms, trade associations, civic authorities, civil societies, social and cultural organizations, religious centers, scientific bodies, educational centers, political parties, the military organizations. Those who cannot adapt to the global forces sooner will lose their stability and struggle to survive. Those who adjust and convert global opportunities into strategies that make them stronger and continuously relevant so they deal with the threats from the environment more effectively. Globalization is the main factor of the international business. This is a new era of globalization that brings with it opportunities and also new challenges with the dynamics of a free market.
I agree with the assertion that in the context of Sustainable Development ‘the reality of life today is that the economy dominates environment and society. The Concept of Sustainable Development Sustainable development refers to “meeting the needs of the present without compromising the ability of future generations to meet their needs”, and was produced by the Brundtland report (WCED, 1987). The concept also takes into account the needs of the poor in developing countries by outlining achievable objectives of importance (WCED, 1987).
Sustainable development is a model that aims to link the idea of what is to be sustained, with what is to be developed, and focuses on three pillars, economics, social and environmental (Kates, Parris, and Leiserowitz, 2005; pp. 3). As a holistic approach it seeks to develop the three pillars, on a local, regional and global level. This paper will analyse the concept of sustainable development and the strengths and weaknesses of this approach will be discussed. Firstly, a background of this model will be presented, which will explore the three pillars. Secondly, the strengths and weaknesses will be evaluated, and lastly, a brief contrast will be provided of the opinions of sustainable development between the Global North and Global South.
Sustainability: If you take a look around at what’s really happening in our world, there’s an inescapable pattern of ‘what’s going on is simply unsustainable’ and in other words, it can’t go on for much longer. Sustainability is to “meet the needs of the present without compromising the ability of future generations to meet their own needs”. As cities began to grow with the population increase, the need for a sustainable development became more apparent as resources began to diminish in quantity and value. Left to it’s own devices, the Earth is a sustainable system.
Kahn’s (1995) approach to the sustainable development theory is consistent with the modern day development techniques of Europe 2020 priorities; smart growth, sustainable growth and inclusive growth. The adoption of some innovative strategies such as the utilisation of renewable energy as an integral part of the energy mix could result in growth of the economy, which will eventually trickle down to the poor or extend to the rural or disadvantaged areas of the country. The social sustainability generally explains the idea of equity among the people, empowerment, participation, accessibility and institutional stability. It seeks to ensure a good standard of living in the country by alleviating poverty. Environmental sustainability seeks to explain the ways in which exploitation and utilisation of the natural resources will not be made to negatively affect the environment or the health of human beings (Kahn 1995).
One of the foundations of sustainable development is efficient environmental management (UNEP 2002). However, balancing the needs of current generations without compromising the environment for future generations poses to be quite problematic. A number of environmental decision-making instruments have been developed in an attempt to ensure that development is sustainable. One of the most popular of these is environmental impact assessment (EIA). This essay will be based on the strengths and limitations of an Environmental Impact Assessment.
Globalization allows countries in the world are free in trading without any barriers about tax, not only that the cost of domestic and imported goods are not too many differences cause major competition about commodity (The Impact, n.d.). That force developing nations have to make their product quality better, improve design of goods and reduce production cost. The next point is the pressure on the natural environment. Promoting the exploitation of natural resources in developing world depletes resources. The world is facing the fear of running out of natural resources like oil, natural gas, petroleum and coal because of overexploitation to meet the development needs (SÀIGÒN, 2010).
Sustainable development, as its name suggests, is a concept continually elaborating. The most commonly used definition, according to World Commission on Environment and Development (WCED), is the development which “meets the needs of the present without compromising the ability of future generations to meet their own needs” (WCED, 1987). It shows the importance of considering benefits for both current and future generations and strongly supports economic development, while it also implies when accessing environment and natural resources, human beings tend to take an anthropocentric view, that the primary goal is to satisfy human needs. With no regard for earth as a life-support system, a development will not be considered sustainable. Therefore, by taking economic, social, environmental issues into accounts is a key approach to develop sustainably in different contexts.