SUSTAINABLE BUSINESS: The way to improve industries
“How wonderful it is that nobody needs to wait a single moment before starting to improve the world.”
The concept of sustainability emerged from the United Nations report “Our Common Future,” where Sustainable Development was defined as: “Development that meets the needs of the present without compromising future generations’ ability to meet their own needs.”
In recent decades the movement to return to the earth and recognize its needs for a better and more sustainable world has been critical in developing industries. For this reason, the paradigm shift is inevitable and irreversible and has been a trend in recent years.
Progressive change has different bases and stages. The first thing we must know is what is the difference between traditional businesses and sustainable businesses, what are their points of contact, and the dilemmas that develop to find conscious solutions in the three primary aspects of sustainable economies:
People, Planet, and Profit (TBL – Triple Bottom Line).
The fundamental difference between a Sustainable Business Model (SBM) and a Traditional Business Model (TBM) manages the natural, social, and economic resources in its operation. The TBM has an expenditure that is accounted for but has a more significant impact that generates an accumulation of irreversible damage and, in the long term, generates more losses than gains. Simultaneously, the SBM seeks to reduce the impact on its resources with policies and actions that lead to developing a more conscious community.
But how do you begin to change and develop practical actions? The United Nations, in its report “Our Common Future,” proposes three essential aspects previously written that are the basis on which all sustainable businesses should be developed or want to become sustainable. These aspects are known as the Triple Bottom Line (TRF), which consists of all plans, strategies, and actions that comprise a progressive and definitive reduction of resource consumption.