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What is Sustainable Development?
Sustainable development is a concept of development that seeks to meet the needs of the present generation without compromising the ability of future generations to meet their own needs.
It entails a balanced approach to the social, economic, and environmental aspects of development, taking into account the needs of both the present and future generations.
Our planet has limited resources, and our actions must consider these limitations in order to avoid ecological catastrophes and social problems.
It entails a balanced approach to the social, economic, and environmental aspects of development, taking into account the needs of both the present and future generations.
Our planet has limited resources, and our actions must consider these limitations in order to avoid ecological catastrophes and social problems.
The Three Aspects of
Sustainable Development are:
- Economic Aspect
- Social Aspect
- Environmental Aspect
The economic aspect of sustainable development entails ensuring long-term stability and prosperity of the economy while maximizing the efficient use of resources and distributing wealth in society.
The social aspect of sustainable development means creating conditions for the sustainable development of society as a whole, including ensuring social justice, improving people's quality of life, and protecting rights and freedoms.
The environmental aspect of sustainable development addresses the preservation and restoration of ecosystems, biodiversity, and natural resources. The goal is to ensure the long-term health and viability of the planet for current and future generations.
The social aspect of sustainable development means creating conditions for the sustainable development of society as a whole, including ensuring social justice, improving people's quality of life, and protecting rights and freedoms.
The environmental aspect of sustainable development addresses the preservation and restoration of ecosystems, biodiversity, and natural resources. The goal is to ensure the long-term health and viability of the planet for current and future generations.
UN and Sustainable Development
The term "Sustainable Development" originated from the United Nations Conference on the Human Environment held in 1972.
The concept
of sustainable
development was adopted after the publication of the Brundtland Report in 1987,
titled "Our Common Future," and Conference on Environmentand
Development in 1992.
of sustainable
development was adopted after the publication of the Brundtland Report in 1987,
titled "Our Common Future," and Conference on Environmentand
Development in 1992.
In 2015, UN
established 17 Sustainable Development Goals to address issues in business, education, healthcare, social protection, and environmental protection.
established 17 Sustainable Development Goals to address issues in business, education, healthcare, social protection, and environmental protection.
ESG rating
ESG rating
An ESG rating, which stands for Environmental, Social, and Governance rating, is a framework utilized to evaluate how companies handle their environmental, social, and corporate risks and opportunities.
Moreover, it serves as a means to gauge a company's responsiveness to the expectations and demands of stakeholders such as investors, customers, employees, and the general public concerning these aforementioned risks and opportunities.
Moreover, it serves as a means to gauge a company's responsiveness to the expectations and demands of stakeholders such as investors, customers, employees, and the general public concerning these aforementioned risks and opportunities.
ESG criteria
Furthermore, ESG rating can provide valuable insights for companies that seek to assess their strengths and weaknesses in addressing ESG risks and opportunities, enabling them to identify areas for improvement.
The 100 Most Sustainable U.S. Companies
The 100 Most Sustainable U.S. Companies
ESG rating is employed by investors seeking to invest in companies that align with their values and expectations in terms of managing environmental, social, and corporate governance risks and opportunities.
ESG rating incorporates multiple criteria, including a company's carbon footprint, social initiatives, financial transparency, ethical standards, and other factors. Ratings can be established by diverse organizations, including investment banks, rating agencies, and non-profit organizations.
100 ESG
"Being a good human being is good business."— Paul Hawken, environmentalist, entrepreneur, and writer
