The paper “ Social and Environmental Sustainability versus Financial Sustainability” is a persuasive example of a business assignment. There are various factors that influence the success of a business. Among these factors is social and environmental sustainability as well as financial sustainability. Sustainability in itself refers to the ability to uphold something which may include a situation or production of materials or maintaining a certain condition with the coordination of interrelated factors. It can also refer to utilizing a particular resource without leading to its complete depletion. Social sustainability refers to the ability of a community to come up with various methods and strategies to fulfill the needs of the current members of the community and also maintain the capacity of generations of the future to preserve a community that is healthy.
Environmental sustainability refers to the capacity to preserve the rates at which resources renew themselves and their harvest and the indefinite continuation of productivity. Financial sustainability refers to the ability of a business or an organization to maintain the delivery of its products to the market at prices that cover expenses and continue the generation of profits.
All these factors are unique to the performance of a business in their own ways but they are also interdependent and can function for the good of the business if success is experienced in each of these sectors individually. There are various differences between social and environmental sustainability and financial sustainability. Social sustainability deals with the aspect of the community as a whole and is more concerned with its role in ensuring the preservation of methods and strategies that will ensure its continued survival.
They are more involved in the effort put to ensure sustainability for the benefit of the social sector. Environmental sustainability is centered more on the resources used in the business while manufacturing. The environment then requires to be taken care of so that the resources are maintained in the system and their rate of renewal is similarly kept at a constant rate. It involves the role of the business in ensuring that the environment is not damaged and resourced extinguished as this would mean its collapse.
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