What are the 3 P of sustainability?
The TBL dimensions are also commonly called the three Ps: people, planet and profits. We will refer to these as the 3Ps. Well before Elkington introduced the sustainability concept as “triple bottom line,” environmentalists wrestled with measures of, and frameworks for, sustainability.
What are the positive impacts of sustainability?
It is evident that sustainability embedded in business models and products has the potential to enhance economic growth, return on assets, return on equity, internal rate on return and lead to superior stock market performance.
What are the 3 core elements of sustainable development?
For sustainable development to be achieved, it is crucial to harmonize three core elements: economic growth, social inclusion and environmental protection. These elements are interconnected and all are crucial for the well-being of individuals and societies.
What are the 4 core principles of sustainability?
The term sustainability is broadly used to indicate programs, initiatives and actions aimed at the preservation of a particular resource. However, it actually refers to four distinct areas: human, social, economic and environmental known as the four pillars of sustainability.
What is quadruple bottom line?
We can define the quadruple bottom line as a framework to evaluate performance across 4 pillars: cultural, economic, environmental and social. It is an extension of the triple bottom line accounting framework, which provided a balance of people, planet and profit needs, to encompass cultural needs.
What is Elkingtons triple bottom line?
The Triple Bottom Line was a phrase introduced by John Elkington in 1994. The model highlights that business performance may be measured in a number of ways: in relation to its finances, its environmental impact and how socially responsible it is in relation to employees.
What are the results of sustainable development?
They can be summarised as follows: Eradicate poverty and hunger, guaranteeing a healthy life. Universalize access to basic services such as water, sanitation and sustainable energy. Support the generation of development opportunities through inclusive education and decent work.
How do you achieve sustainable development goals?
One successful way to make the SDGs accessible was through education, participants mentioned. What worked to bring the goals into schools was breaking them down and having children role-play them. Ownership over these goals encouraged the youth to think up their own solutions.
What are the 7 dimensions of sustainable development?
Another model suggests humans attempt to achieve all of their needs and aspirations via seven modalities: economy, community, occupational groups, government, environment, culture, and physiology. From the global to the individual human scale, each of the seven modalities can be viewed across seven hierarchical levels.
What are the 17 sustainable development goals?
The 17 sustainable development goals (SDGs) to transform our world:
- GOAL 1: No Poverty.
- GOAL 2: Zero Hunger.
- GOAL 3: Good Health and Well-being.
- GOAL 4: Quality Education.
- GOAL 5: Gender Equality.
- GOAL 6: Clean Water and Sanitation.
- GOAL 7: Affordable and Clean Energy.
- GOAL 8: Decent Work and Economic Growth.
What are the 5 key concepts that support sustainable practices?
Key concepts include the protection of the natural environment, choice of non-toxic materials, reduction and reuse of resources, waste minimization, and the use of life-cycle cost analysis.
What are the 5 principles of sustainability?
Five Principles for Sustainable Communities
- Enhance liveability.
- Create opportunities for economic prosperity.
- Foster environmental responsibility.
- Embrace design excellence.
- Demonstrate visionary leadership and strong governance.