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What is Business Sustainability?
Business sustainability is an approach where companies aims for long-term business growth whilst mitigating negative effects on the environment. Businesses sustainability has been a growing topic as more businesses are starting to incorporating eco-friendly practices. It ties in 3 major pillars of sustainability: environmental sustainability, social sustainability, and economic sustainability.
What Are The 3 Main Pillars of Sustainability?
The 3 main pillars of sustainability lay the framework for businesses to develop long-term sustainable practices. Here are the 3 main pillars of sustainability:
Environmental sustainability- The concept of reducing carbon footprint, minimizing resources used, and using eco-friendly strategies for long-term growth
Social sustainability- The concept of maintaining ethical and fair labor practices, promoting diversity, and making sure the community is inclusive
Economic sustainability- The concept of growing long-term profitability while keeping in mind the other pillars of sustainability
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