The paper "Sustainable Development, Environmental Protection" is an outstanding example of business coursework. Sustainable development is the creation and implementation of strategies that enhance the realization of objectives that satisfy the needs of the present without compromising the productivity and efficacy of future generations in meeting their requirements and needs. According to Savitz and Weber (2006, 34), sustainable development involves the use of resources in ways balances present need and creates a podium for using the very resources for the future. Sustainable businesses observe operatives and production precepts that protect both society and the environment.
In the publication 'Triple Bottom Line… : Assessing the Sustainability of Business and CSR, Henriques and Richardson (2004, 45) stated that sustainable businesses often strike a balance between economic development and CSR. The Pillars of Sustainability However, there are many aspects that are and should be considered in the evaluation of sustainable development, the most significant are economic, social, and environmental aspects. These three were defined by Henriques and Richardson (2004, 45) as the triple line bottom of sustainable development and the factors that determine the efficacy or the subject development.
That is because they define the responsibility that should be borne in the protection of the resources and the persons who depend on the resources and the products that are produced from the resources. It also significantly defines the responsibility that should be borne in the creation of a balance between the exploitation of resources, productivity, and business returns. Savitz and Weber (2006, 34) explained that sustained development should indicate positive measures in all three of the pillars. Environmental Protection Referred to by Galpin, Whitttington, and Bell (2015, 23) as environmental justice, the environmental pillar is based on a concept that describes the fair distribution of the burdens and benefits that are accrued from the environment.
Though there are several theories that define environmental protection and justice, they are significantly based on the protection of the environmental resources that not only sustain the operatives of a business, but that also define the general well-being of the future generations. For instance, a company that specializes in paper production may opt to replace every tree that is cut by ten others in a measure of sustaining the business as well as ensuring that future generations do not suffer from the grave effects of depleted environments and global warming (Galpin, Whitttington & Bell 2015, 12). The responsibility that is borne in protecting the environment in sustainable development involves the creation of countermeasures that ensure that the environment is not overexploited for resources (Wilson 2015, 433).
Other than that, developers and business operators must always ensure that wastages and byproducts do not affect the natural state of the environment. For instance, companies that produce foodstuffs should ensure that the soils are not overused and rendered infertile from mineral exhaustion as well as through pollution that may involve the dumping of wastes on land (Savitz & Weber 2006, 34). Social Development Defined in the social development theory, social development entails the qualitative changes and restructuring of the societal framework to ensure that society is better placed to realize its objectives.
According to Henriques and Richardson (2004, 34), social development is often exhibited in the form of continuously improving levels of energy that define ascending productivity, efficacy, complexity, mastery, creativity, and the accomplishments of society.
Sustainable development should, as Galpin, Whitttington, and Bell (2015, 23) explained, transition the society in which the enterprise is based to become better and well-positioned to benefit the future generations as well.
Savitz, A. W., & Weber, K. (2006). 'The Triple Bottom Line : How Today's Best-run Companies Are Achieving Economic, Social, and Environmental Success-and How You Can Too', 1st ed. San Francisco, CA : Jossey-Bass (e-book)
Henriques, A., & Richardson, J. (2004). 'Triple Bottom Line : Does It All Add Up?: Assessing the Sustainability of Business and CSR', Earthscan publication (e-book).
Galpin, T., Whitttington, J. L., & Bell, G. (2015). 'Is your sustainability strategy sustainable? Creating a culture of sustainability', Corporate Governance: The International Journal of Business in Society, vol. 15 no. 1, pp. 1-17.
Wilson, J. P. (2015). 'The triple bottom line: Undertaking an economic, social, and environmental retail sustainability strategy', International Journal of Retail and Distribution Management, vol. 43 no. 4/5, pp. 432-447.
Svensson, G., & Wagner, B. (2015). 'Implementing and managing economic, social and environmental efforts of business sustainability: Propositions for measurement and structural models', Management of Environmental Quality: An International Journal, vol. 26 no. 2, pp. 195-213.