The future of the industry is sustainable

Sustainability can mean different things for different people and industries. To make sure that we are all on the same page, let’s start with a definition of the word together with other terms commonly used in the same context.

Explanation of sustainability and other terms

The most common definition of Sustainable development, according to the Brundtland Report from the UN, is “meeting the needs of the present without compromising the ability of future generations to meet their own needs”. From an environmental aspect this basically means that one should avoid harming the environment and the depleting of natural resources in order to maintain ecological balance. In the business world, “sustainability” is often used within three different categories: environmental, social, and governance, known as ESG.