4. Sustainable assessment of a product: The products produced by industries have a marked impact on their environmental footprints. These impacts could be understood by the review of entire lifecycle of the product starting from the time it is conceived until the time of disposal of product after end of its useful life. The consideration of product life cycle should be given utmost priority in the organisational decision making because only at designing stage of a product which is to be sustainable, enormous gains could be achieved rather than even a thorough optimization of existing process. 4.1.
Sustainable development goals (SDG’s), should be seen as a need of present and future generation, that not only create ability of system that thrive by maintaining economic viability, but also nourishes the need by limiting resources depletion. The sectors of businesses, civil society and government can contribute to sustainable development by reaching the state of sustainability socially, environmentally, and economically. This essay will critically discuss and explain the origin and rationale of SDG’s and illustrate the adverse consequences of irresponsible management that have given rise to people-planet-profit trade-off’s that are unsupportable. Sustainable management takes the concepts from sustainability and incorporates them with the concepts of management. In other words, sustainable management is an ‘asset administration system’ that tries to make any collection or utilization of natural resources as economical as could reasonably be expected.
According to them, environmental degradation is the price for the development to be achieved. Deteriorating environment is often linked with increasing economic activity, requiring deforestation, energy consumption etc. The term sustainable development (as defined by the Brundtland Commission) is development that meets the needs of current generation without compromising the needs of future generations. It is using resource in such a manner that fulfil the needs of present generation without affecting the environment so that future generation can also use same resources .Social equity , economic welfare and ecological integrity are the three pillar of sustainable development. Sustainable development will achieve if these three pillars are in harmony to each other.
Now we will simply jump to another dimension of sustainability – the environment. An interesting metaphor is found in the following excerpt: “Swedish Match ‘s water footprint is low”. It is a direct transfer of meaning from something obvious and concrete such as a footprint to something abstract such as the impact of the company on water resources. It indicates that the company conducts business in a responsible and sustainable way with minimum repercussions for the natural resources. Even though companies are considered to be mainly profit-seeking, through this metaphor they encourage us to draw the conclusion that the environmental impact is deliberately tracked across the value chain on a regular basis so as to keep a balance between the business operations and their consequences on the planet.
“Humanity must take no more from nature than nature can replenish". This phrase says that need to have a lifestyle that respects and works with the nature 's limits. There is a lot of issues and subjects that involve sustainable development: Climate change, migration, water, science, technology, transportation, oceans, health, energy, economy, education atmosphere… The subjects that are going to be explained and developed in this paper are going to be climate change, migration, and biodiversity. Discussion Migration is a topic that involves sustainable development. Migrations caused a lot of issues such like lack of employment opportunities.
The main purpose of this commission was to act as a connecting bridge between the isolated internal environmentalists and the international prospectus of sustainable design. Fundamental to this commission’s findings was the concept of sustainability, which the commission described as the basis that economic growth can and should be managed so that the natural resources are used in a way that “ quality of life “ of the future generations is assured. Sustainable development involves the paths of social, economic, and political progress that “ meet the needs of the present without compromising the ability of the future generations to meet their own needs “ - United Nations World Commission on Environment and Development, 1987. Development in this context is an uninterrupted process and is applicable to planet Earth and everything and everybody on it presently and in future. To carry out this mission of sustainable, steady development, it is important to perceive the relationship between society’s needs and environmental limitations.
Literature Review Sustainable development emphasizes a holistic, equitable and far-sighted approach to decision making at all levels. It rests on integration and a balanced consideration of social, economic and environmental goals and objectives in both public and private decision-making. This concept of sustainability is very important in Small Island Developing States (SIDS) and this was first acknowledged at the Earth Summit in 1992. The vulnerabilities of SIDS arise from a number of physical, socio-economic and environmental factors. SIDS small size, limited resources, geographical dispersion and isolation from markets, place them at a disadvantage economically and prevent economies of scale.
Each of these pillars depends on each other in some way in order to operate. Priority is mainly directed towards economic performance and development as opposed to the remaining important pillars. Economic development is dependent on the society and environment in order to market products and to obtain raw materials, while society is dependent on the environment solely for survival (Giddings, Hopwood and O’Brien, 2002). Sustainable development aims to achieve a balance between the three pillars of sustainability, ensuring that all sectors become one entity. The disadvantage associated with this model is that each pillar is given individual recognition and not recognized as a combined entity (Giddings, Hopwood and O’Brien, 2002).
All people must be able to maintain a reasonable quality of life as per the assumptions of this definition (Bansal, 2002). The use of natural resources must be sustained as the quality of life is highly dependent on them (Bansal, 2002) and hence the more recent conceptions of sustainable development now recognise that it relies on the intersection of three important principles related to the environment, social equity and economics (Bansal, 2002) and the three inextricably connected and internally interdependent. Human life will be threatened without a healthy environment, in the absence of social equity, the dis-enfranchised will exploit natural resources to achieve an acceptable standard of living and lastly, the well-being of our own and future generation will not be secured without economic
The report of the WCED: Our Common Future, written and presented by Gro Harlem Brundtland first explained the link between protecting the environment and ensuring development for which they are both inseparable to ensure an economic growth. Moreover, the report had few definitions of the application of sustainable development, “sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs.” (Brundtland, G., March 20, 1987) The UN Commission’s report focused on two main ideas, the continuation and healthiness of the environment and the people (Strange, T. & Bayley, A. 2009). Furthermore, right after the UN General Assembly, the world witnessed the birth of a new age business strategies and plans for corporations competing to prove to be more sustainable than their competitors in front of their stakeholders and