Question

How would you define a sustainable business? What are the three pillars of sustainability?

Answer 1

A sustainable business is a business which manages their social responsibility environment, finance, risk, obligations, profits, people, planet etc. Sustainable means going long term. If you do not respect the resources on which the society or community is relying then the business will not go in a long term and will not be sustainable. Another definition of sustainable company is that one company which is not only profit oriented company but at the same time there respect the environment as well. The sustainable business creates a healthy economic ecosystem contribute in economic values and form strong communities if you talk about the pillars of sustainable business then these pillars are economic, environmental and social. So the company should manage these aspects.