Sustainability is the ability to develop and maintain business processes, policies and relationships that are not harmful to the environment, the economy, or the quality of life - today and in the future. Sustainability has three sub-attributes:
- Economic Sustainability = The ability to support a defined level of economic production indefinitely. Focus on poverty, hunger, and health. In a business context this implies using assets efficiently and effectively to ensure continued profitability and re-use of raw materials.
- Environmental Sustainability = The ability to maintain rates of renewable resource harvest, pollution creation, and non-renewable resource depletion that can be continued indefinitely; Focus on the environment, natural resources, and energy. In a business context this implies reducing a companies environmental footprint, net energy consumption, and shortening supply, production and distribution networks.
- Social Sustainability = The ability to build and support healthy communities that support current and future generations; Focus on education, equality, peace, and justice. In a business context this implies enforcing basic human rights, labor rights and corporate governance.
Compare also to other performance Attributes: Adaptability, Asset Efficiency, Cost, Dependability, Responsiveness.
Community Importance Rating