ROLLEX - Sustainability

ROLLEX – Sustainability

Sustainability

Sustainable manufacturing is the creation of industrial products through economically sound processes that minimize negative environmental impacts while conserving energy and natural resources. Sustainable manufacturing also enhances the safety of workers, the community, and the products.

  • Sustainability is the ability to maintain or sustain a process over time.
  • Sustainability is often divided into three main concepts: economic, environmental, and social.
  • Many businesses and governments have committed to sustainable goals, such as reducing their environmental footprint and conserving resources.
  • Some investors actively embrace sustainability investing, known as “green investing”.
  • Skeptics have accused some companies of “greenwashing,” the practice of misleading the public to make a business appear more environmentally friendly than it actually is.

How it works

Accordingly, sustainable policies emphasize the future impact of any given policy or business practice on humans, ecosystems, and the broader economy.

The idea often corresponds to the belief that without significant changes in the way the planet functions, it will suffer irreparable damage.

As concerns about anthropogenic climate change, biodiversity loss, and pollution have become more widespread, the world has shifted toward adopting sustainable practices and policies, primarily through the implementation of sustainable business practices and increased investment in green technology.

ROLLEX and Sustainability

The concept of sustainability is often broken down into three pillars: economic, environmental, and social — also informally known as profits, planet, and people.

In this analysis, the concept of “economic sustainability” focuses on the conservation of natural resources that provide natural inputs for economic production, including both renewable and depleting inputs.

The concept of “environmental sustainability” places greater emphasis on the life-support systems, such as the atmosphere or soil, that must be maintained for economic production or even human life to occur.

In contrast, social sustainability focuses on the human impacts of economic systems, and the category includes efforts to eradicate poverty and hunger, as well as to combat inequality.