Sustainability is a buzzword today, but do we really know what it means for our lives? At its very core, sustainability is comprised of three interrelated pillars: economic, social, and environmental. Like the interlinked roots of a tree, they support one another. And if one weakens, the entire system faces risk. This blog goes into the details of these three pillars and their critical role in creating a sustainable future.
1. Economic Sustainability
Economic sustainability concerns the efficient use of resources to maintain their usability in the long run. It focuses on providing jobs with proper wages, promoting entrepreneurship, and responsible business practices.
The initiatives of Make in India and Startup India have promoted manufacturing and entrepreneurship in India. This has encouraged job creation along with sustainable development.
Countries such as Germany and Japan are good examples of economic sustainability globally. Their high investment in renewable and green technology shows that economic growth can be combined with sustainability.
2. Environmental Sustainability
Environmental sustainability is aimed at preserving the planet for future generations through conservation of natural resources, pollution reduction, and use of renewable energy.
India has been doing very well in this regard, for example, by taking the leadership of the International Solar Alliance (ISA) to advance solar energy globally. The country has also committed to increasing its forest cover and reducing its carbon footprint.
Sweden is the global leader in environmental sustainability. The country is efficient in waste management and has an energy mix where more than 50% of demand is met by renewable sources.
3. Social Sustainability
Social sustainability makes sure that everybody gets basic necessities like food, shelter, education, and health. It advocates social equity and justice so that the society is a just place for all people.
In India, MGNREGA has emerged as the world's largest social security scheme, providing livelihoods and uplifting rural communities. Beti Bachao, Beti Padhao have been instrumental in improving the status of young girls in society.
Norway is an example of social sustainability in the international arena with its robust welfare system. Healthcare, education, and other essential services ensure the well-being of its citizens.
Conclusion
Real sustainability balances the three pillars of sustainability, namely the economic, environmental, and social, in equal dimensions. By embracing these principles, we can work toward a better future for ourselves and generations to come. So let's take actionable steps today to build a sustainable world.