Sustainability is ensuring that economic activities and development meet the needs of the present without compromising the ability of future generations to meet their own needs.
For businesses, sustainability means that:
• The business inputs and outputs should have no irredeemable effects on the environment. It involves developing strategies so that the organization only uses resources (inputs) at a rate that allows them to be replenished, in order to ensure that they will continue to be available.
• Emissions of waste should be confined to levels that do not exceed the capacity of the environment to absorb them.
• It also involves recycling to reduce the impact of product manufacturing on natural resources.
Sustainability can be assessed by measures such as triple bottom line reporting, measuring financial, social and environmental performance.
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