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Sustainability essentially means preserving life on Earth, including humanity - or the well-being of the socio-ecological system and it's subsystems over time. As also expressed in the 1987 Our common future report (a.k.a. the Brundtland report) meeting the needs of humans is central in sustainable development, however, it does not state which needs.
The EU's Chemicals Strategy for Sustainability Towards a Toxic-Free Environment is a strategy published in 2020 that is part of the EU's zero pollution ambition, a key commitment of the European Green Deal.
The European Union Directive on Environmental Impact Assessments (85/337/EEC,also known as the EIA Directive) only applied to certain projects. [3] This was seen as deficient as it only dealt with specific effects at the local level whereas many environmentally damaging decisions had already been made at a more strategic level (for example the fact that new infrastructure may generate an ...
Furthermore, planning a sustainability strategy with the triple bottom line in mind could save companies a lot of money if a disaster were to strike. For example, when BP spilled "two hundred million gallons of oil in the Gulf of Mexico", it cost the company "billions". This company focused mostly on the financial and economic costs of this ...
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GRI's framework for sustainability reporting helps companies identify, gather, and report this information in a clear and comparable manner. Developed by the Global Sustainability Standards Board (GSSB), the GRI Standards are the first global standards for sustainability reporting and are a free public good. [9]
These free ecosystem services are not given a market value under most current economic systems, and so forest conservation has little appeal when compared with the economic benefits of logging and clearance which, through soil degradation and organic decomposition returns carbon dioxide to the atmosphere. [19]