Social and environmental sustainability v financial sustainability.

Such is a sustainable society (Schaltegger, Bennett and Burritt, 2006). Therefore, sustainability refers to an ideal towards which we strive and against which we weigh our proposed plans, actions, expenditures and decisions. Sustainability is a means of looking at a society in the broadest sense possible in terms of space and time. Every community has its different social, economic and environmental systems that make the pursuit of sustainability a local endeavour depending on the systems surrounding the particular community. Every society has its unique concerns and needs, and the quantity, quality, balance, and the importance of these matters is unique.

The term sustainability can be defined differently depending on the context and the discipline in which the word is being used. In a more general dimension, sustainability can be taken to refer to the endurance of processes and systems (Del Bo and Bignami, 2014). Therefore, social and environmental sustainability refers to the persistence of the social and environmental systems and processes. Financial sustainability refers to the persistence of the economic processes and systems as applied to the business environment. The sustainable development forms the organizing principle for sustainability. The movement towards sustainability presents a social challenge that involves national and international law, transport and urban planning, individual and local lifestyles alongside ethical consumerism. There are varied ways in which corporations and individuals strive to live sustainably (Staicu and Feleaga, 2013). These may take the form of reappraising the economic sectors, reorganizing the living conditions, the use of science to create technologies, reappraising o work practices and the adjustment of individual lifestyles.

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