EG7037- Sustainability concept

Development that satisfies present needs without jeopardizing future generations' ability to do
the same is referred to as sustainable development. Sustainability may be expanded upon, and it
is generally acknowledged that achieving three key components will balance economic,
environmental, and social factors in a way that is harmonious and balanced (Ashrafi et al., 2018).

Source: (Discovering Galapagos, 2016)

The above diagram shows relationships between the three components of sustainability where
common resources, good things for the community, natural landscape, healthcare benefits,
employability, residential spaces, learning scopes, conservation of the environment, and natural
holdings are some key considerations that have been highlighted under the three different
sustainable components on the above-attached ven-diagram.
Social Sustainability: The capacity of a society or other social system to consistently achieve a
high level of social well-being is referred to as social sustainability. The long-term maintenance

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of a nation, an organization, or a community's social well-being is ensured by achieving social
sustainability.

Environmental Sustainability: The use of living within the limits of our natural resources is
referred to as environmental sustainability (Circular Ecology, 2020). It's crucial to make sure
that humans are responsibly using our natural resources, such as raw materials, energy sources,
land, and water if people want to live in an environmentally sustainable manner. at an acceptable
pace. Some resources are more plentiful than others, so it's crucial to take into account resource
scarcity, environmental damage from their extraction, and whether the resource can be
maintained in accordance with Circular Economy principles.

Source : (Circular Ecology, 2020)

Economic Sustainability: In order for a company or nation to operate sustainably and
consistently generate an operational profit, it must use its resources responsibly and efficiently.
A business cannot continue its operations without an operational profit. A business won't be able
to continue operating in the long run if it doesn't act responsibly and utilize its resources
effectively.

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Reference

Environment, Society and Economics (2016) Discovering Galapagos. Available at:

https://www.discoveringgalapagos.org.uk/discover/sustainable-development/sustainability-
principles/environment-society-and-economics/ (Accessed: October 26, 2022).

Sustainability and Sustainable Development (2020) Circular Ecology. Available at:

https://circularecology.com/sustainability-and-sustainable-development.html (Accessed: October
26, 2022).

Ashrafi, M., Adams, M., Walker, T.R. and Magnan, G.,(2018). How corporate social
responsibility can be integrated into corporate sustainability: A theoretical review of their
relationships. International Journal of Sustainable Development & World Ecology, 25(8),
pp.672-682.