Sustainability is development that meets present needs without compromising the ability of future generations to meet their own needs. To respond to this challenge, over the last few years, a wide array of visions and executable actions have been developed based on the principles of the triple bottom line (TBL).
Basically, TBL looks at the economic, environmental, and social dimensions of businesses. Thus, sustainability issues here recognize the importance of businesses to make profit, proactively manage the environment for sustainability, and perform their social function such as job creation in their immediate and extended communities. Sustainability has taken increased importance in the world today as corporations continue to seek to maximize profits while constrained by the limited earth’s resources. There is growing outcry about the depletion of nonrenewable resources and the increased damage that is being done on earth by pollution, deforestation, and incessant demand for earth’s resources that may not be renewable or replenishable. A more responsible approach and alternative to the use of these limited resources is required. World communities have taken the lead by building consciousness about the potential dangers of not effectively planning for the future and also the threat that reckless usage of these resources pose for the future generation and for the future of existence on earth. Business organizations are reacting to this call for sustainability and are increasingly finding out that a focus on sustainability is economic wise and could help them to become more competitive.
Sustainability is about the effective management of nonrenewable and non replenishable natural resources. These resources are limited and critical to maintaining ecological balance. A collective effort is required to balance our socio-economic needs with environmental needs. This could be achieved by re-evaluating policies and actions as to how they affect the environment. Sustainability requires changes in traditional practices of doing things and refocusing ourselves to the needs of the earth. We helps organizations to promote sustainability in achieving social development, environmental protection, and economic development. Sustainability management may help organizations to re-evaluate their policies, processes, programs, and projects in terms of above mentioned baselines. Sustainability helps to facilitate planning, implementing, reviewing, and improving an organization's actions and operations to meet environmental and social goals.