Sustainability refers to the practice of meeting current needs without compromising the ability of future generations to meet their own needs. It encompasses the balanced integration of environmental, social and economic considerations to ensure long-term viability and well-being. Sustainability focuses on preserving natural resources, reducing environmental harm and fostering equitable social and economic development.
For businesses and organizations, sustainability means adopting practices and policies that minimize negative impacts on the environment and society while contributing positively to long-term goals. This often involves implementing strategies such as renewable energy use, waste reduction, ethical supply chain management and community engagement. Sustainability is a core principle in achieving global objectives like the United Nations Sustainable Development Goals (SDGs), which aim to address critical challenges such as climate change, poverty and inequality.