What types of sustainability are there?
The human impact considers the welfare of individual people, whether they are employees, suppliers, or anyone involved in or influenced by the business. Human sustainability comes down to both human capital and human rights. Healthcare, skill development, working conditions, and living conditions are all important components.
Socially sustainable businesses consider social systems, with an eye toward the social components of running a business and equality in the communities impacted by the business. It can include social justice, urban design, preserving regional culture, and developing economic systems for marginalized groups.
This is the main thing people think of when they hear the word sustainability. Trying to conserve energy and natural resources in the process of running a business is key to environmental sustainability.
Finally, the fourth pillar refers to economic sustainability and financial performance, or minding the sustainability of the bottom line and turning a profit. However, financial sustainability shouldn’t come at the expense of the environmental or social aspects of sustainability.
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