My definition of sustainability starts with the dictionary where the term is described as “capable of being maintained at length without interruption or weakening”.
This simple definition has been expanded to apply to the environment as demonstrated in this quote:
“Sustainability consists of fulfilling the needs of current generations without compromising the needs of future generations, while ensuring a balance between economic growth, environmental care and social well-being.”
– Professor Fernandez, MIT Sustainability Certificate Program
My Perspective
The shorthand for the quote has become the triple bottom line.
The balance between planet, people, and profit.
While I like this shorthand definition, there is one adjustment that I prefer.
In this article from the University of Wisconsin, they swap the word profit for the word prosperity.
The definition expands beyond the financial viability of the organization to include other areas the business has an impact on like paying livable wages, ethical sourcing, and workplace health and safety.
The triple bottom line notes the interdependence between people, planet, and prosperity.
We can’t consider the three in silos without recognizing their impact on one another.
The article above also included a YouTube video that demonstrated how the three circles might be concentric.
I found this to be an interesting perspective on the relationship between the three.
When we look at these definitions, the concept of sustainability seems straightforward.
The complexities come as organizations push against historical decisions and processes without clear roadmaps on the best way to move forward.
Your Turn
Is your company considering the triple bottom line?
Do you prefer the use of “profit” or “prosperity”?
How can you begin to use the triple bottom line in your area of responsibility?