What are the 3 three pillars of shipping sustainability?
Despina Panayiotou Theodosiou, CEO at TOTOTHEO MARITIME & President at WISTA International, defines what sustainability means for shipping, referring to its three pillars – economic, social and environmental – and addressing also key steps to take for action.
What are the 6 factors of sustainability?
According to Foundry, those six key factors are: optimize your current use of fossil fuels, eliminate waste, recycle, recover energy, save time, and reduce, or eliminate, pollution.
Which of these is an example of sustainable development?
Solar Energy: The greatest advantages of solar energy are that it is completely free and is available in limitless supply. Both of these factors provide a huge benefit to consumers and help reduce pollution. Wind Energy: Wind energy is another readily available energy source. …
What are two key factors of sustainability?
(1) Society and environment Social and environmental perspectives are regarded as critical factors for corporate sustainability in many studies [44]. Government policy, corporate social responsibility, external environment, and so on will cause enterprises to gain sustainable competitive advantage.
What are the social factors of sustainability?
The topics that social sustainability concept integrates include but are not limited to; health and social equity, human rights, labor rights, practices and decent working conditions, social responsibility and justice, community development and well-being, product responsibility, community resilience, and cultural …
What is the advantage of social sustainability?
At a community or societal level, the social benefits of sustainable design include knowledge transfer, improved environmental quality, neighborhood restoration, and reduced health risks from pollutants associated with building energy use.
What is one example of the economic sustainability?
Sustainability can be seen making a breakthrough in combining profit with sustainability values using the five elements of Water, Energy, Waste, Ecology, and Food. The elements include micro farming, solar energy expansion, air to water innovations, the universal works of recycling, and sustainable fish farming.
How is sustainability good for the economy?
residents through sustainability practices to engage in physical activity and make healthy food choices generally have healthier residents. The economic benefits include lower healthcare costs for business, employees and public agencies, more productive employees, and students better prepared to learn.
Why is it expensive to be sustainable?
Why they’re more expensive | Makers of sustainable products often put special care into quality because they want to minimize the use of resources and generation of waste by ensuring that your good is usable for as long as possible. Quality doesn’t come cheap.
Is sustainability more than environmental?
It is widely acknowledged that sustainability involves more than just the health and viability of our biophysical environment. In an effort to include economic and social impacts, LCA researchers have worked to extend the tool — to develop life cycle sustainability assessment (LCSA).