Sustainable development is characterized by having a process that produces for this generation without affecting the next generation’s outcome. It is important not to confuse between sustainable development and environmentally friendly approach. An environmental commitment could be included in sustainable development but not vice versa.
Sustainable development covers three main areas: raw materials (i.e. energy), environment (i.e. pollution) and social impact.
In the area of raw materials, company should focus on developing supply of renewable energy and natural resources. For example
In the environment front,
In the social impact front,