3a) Why Is Sustainability Important Flashcards
(3 cards)
What is sustainability and why is it important?
What is Sustainability?
•Balances environmental, social, economic, and administrative aspects of a project.
•Meets current needs without compromising future generations.
Why is it Important?
•Embedding it early makes it integral and harder to remove.
•Adds long-term value, promotes ethics, and supports corporate responsibility.
What does sustainability include?
Environmental:
•Cut carbon emissions.
•Protect nature and wildlife.
•Use energy efficiently.
•Reduce waste and pollution.
Social:
•Support local communities.
•Treat everyone fairly and equally.
•Respect human rights.
•Keep people safe and involved.
Economic:
•Stay within budget.
•Manage risks.
•Support long-term value, not just short-term savings.
•Help the business remain profitable.
Administrative:
•Follow laws and rules.
•Use resources (time, money, materials) wisely.
•Keep the project running safely and legally.
•Report on sustainability clearly.
How sustainably fits into the strategy of the project?
•Strategic Alignment:
•Sustainability objectives must link to the business case.
•Should align with frameworks like:
•UN Sustainable Development Goals (SDGs)
•Environmental, Social, and Governance (ESG) criteria