{"id":9428,"date":"2024-09-11T22:18:40","date_gmt":"2024-09-12T04:18:40","guid":{"rendered":"https:\/\/www.olinca.edu.mx\/2024\/09\/11\/three-pillars-sustainability\/"},"modified":"2025-03-04T16:48:27","modified_gmt":"2025-03-04T22:48:27","slug":"three-pillars-sustainability","status":"publish","type":"post","link":"https:\/\/www.olinca.edu.mx\/en\/2024\/09\/11\/three-pillars-sustainability\/","title":{"rendered":"The 3 pillars of sustainability: environmental, social and economic"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"9428\" class=\"elementor elementor-9428 elementor-8741\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a74dcb0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a74dcb0\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-db3b447\" data-id=\"db3b447\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-cc65b5f elementor-widget elementor-widget-text-editor\" data-id=\"cc65b5f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Sustainability is an essential part of facing current and future global challenges, not only those related to the environment. Here\u2019s what\u2019s involved.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-51630c9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"51630c9\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d7278ea\" data-id=\"d7278ea\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-654126a elementor-widget elementor-widget-text-editor\" data-id=\"654126a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h4><strong>Sustainability, the 3 ESG pillars and the SDGs<\/strong><\/h4>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0e2ea0a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0e2ea0a\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e681270\" data-id=\"e681270\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-63fc2d1 elementor-widget elementor-widget-text-editor\" data-id=\"63fc2d1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>When we talk about\u00a0sustainability, we\u2019re talking about\u00a0<strong>a development model that can meet the needs of the present without compromising the ability of future generations to meet their own<\/strong>. It\u2019s a holistic approach that considers the social, environmental and economic impacts of actions and decisions taken today.<\/p><p>From a historical perspective, the concept of sustainability was formulated at the first United Nations Conference on the Environment in 1972, but it has only really taken shape since 1987, when the publication of the so-called\u00a0<strong>Brundtland Report\u00a0<\/strong>(&#8220;Our Common Future&#8221;) clarified the goals of sustainable development.<\/p><p><strong><em>\u201cSustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs\u201d<\/em><\/strong><\/p><p>Gro Harlem Brundtland, Our Common Future (The Brundtland Report), 1987<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-63b4963 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"63b4963\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b393d0a\" data-id=\"b393d0a\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ba5c4ff elementor-widget elementor-widget-image\" data-id=\"ba5c4ff\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/www.olinca.edu.mx\/wp-content\/uploads\/sites\/9\/2024\/09\/240913-IEO-BLOG-The-3-pillars-of-sustainability-1-three-pillars-sustainability-infographic_2400x1160.jpg?w=640\" title=\"240913 IEO BLOG The 3 pillars of sustainability 1- three-pillars-sustainability-infographic_2400x1160\" alt=\"240913 IEO BLOG The 3 pillars of sustainability 1- three-pillars-sustainability-infographic_2400x1160\" loading=\"lazy\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-db7c20b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"db7c20b\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-58f1b82\" data-id=\"58f1b82\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7b2df82 elementor-widget elementor-widget-text-editor\" data-id=\"7b2df82\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h4><strong>ESG, the 3 dimensions for a sustainable future<\/strong><\/h4>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b6b9f3d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b6b9f3d\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1b8166f\" data-id=\"1b8166f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-29aa8b7 elementor-widget elementor-widget-text-editor\" data-id=\"29aa8b7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The same report introduced the three pillars or principles of environmental, social and economic sustainability, also known as ESG (Environmental, Social, Governance).<\/p><p>These criteria are the standards used for assessing the impact and sustainability of a company&#8217;s activities. They have been divided into three main areas: environmental, social and governance. The environmental criterion analyzes ecological impact, such as CO2 emissions and the use of natural resources. The social criterion considers aspects such as working conditions, human rights and the inclusion of people. The governance criterion, on the other hand, evaluates transparency, business ethics and management. The adoption of ESG criteria helps promote responsible and sustainable business practices.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e5f4bbd elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e5f4bbd\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c231a65\" data-id=\"c231a65\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-842d1f5 elementor-widget elementor-widget-text-editor\" data-id=\"842d1f5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h4><strong>SDGs and the UN goals in the 2030 Agenda<\/strong><\/h4>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-444b1c6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"444b1c6\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-50f420e\" data-id=\"50f420e\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-51dbe62 elementor-widget elementor-widget-text-editor\" data-id=\"51dbe62\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The transition to sustainable development is primarily grounded in\u00a0<strong>a series of international agreements and goals\u00a0<\/strong>that are then implemented at the level of the individual states and communities involved. Among these, the best known are:<br \/><br \/><\/p><ul><li>The\u00a0<em>United Nations Framework Convention on Climate Change<\/em>\u00a0and its protocols, which set commitments to reduce greenhouse gas emissions;<\/li><li>The\u00a0<em>Convention on Biological Diversity (CBD)<\/em>, which promotes the conservation of biodiversity;<\/li><li>and especially the UN\u00a0<em>Sustainable Development Goals (SDGs)<\/em>, which cover a wide range of sustainability issues. Built around these goals is the UN 2030 Agenda, a plan of action for people, planet and prosperity, signed into law by the UN General Assembly on September 25, 2015. The Agenda includes 17 goals, valid for everyone around the world, articulated along the three dimensions of sustainable development: economic, social and environmental.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e6a87c7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e6a87c7\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c606650\" data-id=\"c606650\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1611eb8 elementor-widget elementor-widget-image\" data-id=\"1611eb8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/www.olinca.edu.mx\/wp-content\/uploads\/sites\/9\/2024\/09\/240913-IEO-BLOG-The-3-pillars-of-sustainability-2-17_sdg_un_emblems_2400x1160.jpg?w=640\" title=\"240913 IEO BLOG The 3 pillars of sustainability 2- 17_sdg_un_emblems_2400x1160\" alt=\"240913 IEO BLOG The 3 pillars of sustainability 2- 17_sdg_un_emblems_2400x1160\" loading=\"lazy\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-92a38d5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"92a38d5\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f1dd0e3\" data-id=\"f1dd0e3\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-621c195 elementor-widget elementor-widget-text-editor\" data-id=\"621c195\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h4><strong>1. What is environmental sustainability?<\/strong><\/h4>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1b0257a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1b0257a\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-49f7b6c\" data-id=\"49f7b6c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9b42ba3 elementor-widget elementor-widget-text-editor\" data-id=\"9b42ba3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Environmental sustainability\u00a0<\/strong>is the ability to preserve and protect the natural environment over time through appropriate practices and policies, meeting present needs without compromising the availability of resources in the future.<\/p><p><strong>Factors influencing environmental sustainability<br \/><\/strong>Environmental sustainability is influenced by several factors that can have a significant impact on the ecological balance and the planet&#8217;s ability to sustain life.<\/p><p>Some of the main ones include<\/p><ul><li>air, water and soil pollution;<\/li><li>climate change, caused by the excessive amount of greenhouse gases released into the atmosphere due to human activities;<\/li><li>The loss of biodiversity;<\/li><li>The overexploitation of natural resources;<\/li><li>Economic models that involve unsustainable consumption.<\/li><\/ul><p><strong>What goals should we aim to achieve?<br \/><\/strong>To achieve environmental sustainability, a number of key goals must be achieved, including:<\/p><ul><li><em>Reducing greenhouse gas emissions<\/em>, especially in crucial sectors such as power generation, industry, agriculture and transportation.<\/li><li><em>Increasing the production and use of energy from renewable sources.<\/em><\/li><li><em>Implementing\u00a0<\/em><span style=\"text-decoration: underline\"><a href=\"https:\/\/www.enel.com\/investors\/sustainability\/strategy-sustainable-progress\/biodiversity\/policy\"><em>policies to conserve biodiversity<\/em><\/a><\/span>\u00a0by addressing its causes.<\/li><li><em>Adopting sustainable practices in agriculture and the food chain<\/em>, such as precision agriculture strategies, optimizing and increasing soil quality and productivity through a series of targeted interventions using technology,\u00a0<span style=\"text-decoration: underline\"><a href=\"https:\/\/www.enel.com\/company\/stories\/articles\/2022\/11\/regenerative-agriculture\">regenerative agriculture<\/a><\/span>\u00a0and\u00a0<span style=\"text-decoration: underline\"><a href=\"https:\/\/www.enelgreenpower.com\/stories\/benefits-agrivoltaics\">agrivoltaics<\/a><\/span>, non-soil cultivation methods such as hydroponic or aeroponic systems, and reducing food waste.<\/li><li><em>Raising awareness and engaging communities\u00a0<\/em>on the issue of environmental sustainability.<\/li><li><em>Promoting the\u00a0<\/em><span style=\"text-decoration: underline\"><a href=\"https:\/\/www.enel.com\/company\/our-commitment\/circular-economy\"><em>circular economy<\/em>.<\/a><\/span><\/li><\/ul><p>Among the practices of great importance for sustainability, it is essential to conserve and sustainably manage natural resources, including water, soil, forests, wildlife and natural habitats, to ensure the ecological balance of the planet and the availability of these resources for future generations.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-877a7a0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"877a7a0\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f074c64\" data-id=\"f074c64\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-906ef93 elementor-widget elementor-widget-text-editor\" data-id=\"906ef93\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h4><strong>2. What is social sustainability?<\/strong><\/h4>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a0f3c53 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a0f3c53\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-397a8a8\" data-id=\"397a8a8\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1b9437e elementor-widget elementor-widget-text-editor\" data-id=\"1b9437e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Social sustainability\u00a0<\/strong>involves a\u00a0<strong>focus on the well-being of people and communities<\/strong>.<br \/>It\u2019s about promoting\u00a0<strong>equity<\/strong>,\u00a0<strong>human rights<\/strong>,\u00a0<strong>access to education and health care, and decent work.\u00a0<\/strong><br \/><br \/>Social sustainability aims to create inclusive societies, reduce inequality, and ensure long-term well-being for all people while preserving social cohesion and justice.<\/p><p>To achieve sustainability, it is necessary to overcome:<\/p><ul><li>Poverty and socioeconomic inequality.<\/li><li>Discrimination, prejudice and social exclusion.<\/li><li>Lack of access to resources.<\/li><li>Insecurity and conflict, locally, regionally and globally.<\/li><li>Poor governance, which includes phenomena such as corruption and institutional inefficiency.<\/li><\/ul><p>In the path to social sustainability, the\u00a0<strong>promotion of systems and policies\u00a0<\/strong>that can reduce social and economic inequalities play a particularly important role in\u00a0<em>ensuring equitable access to opportunities and resources for all members of society.<\/em><\/p><p>In addition to the fight against inequality, the\u00a0<strong>goals to be achieved\u00a0<\/strong>in terms of social sustainability include:<\/p><ul><li>The\u00a0<em>promotion of policies to respect basic human rights<\/em>, such as the right to health and education.<\/li><li>The\u00a0<em>adoption of practices that value and include people of diverse backgrounds, gender, ethnicity, ability, and sexual orientation<\/em>.<\/li><li>The\u00a0<em>creation of safer living environments with more efficient administration of justice<\/em>.<\/li><li>The\u00a0<em>improvement of people&#8217;s health and mental and physical well-being\u00a0<\/em>through quality health services.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-de71ca9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"de71ca9\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-55734be\" data-id=\"55734be\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ff8d114 elementor-widget elementor-widget-text-editor\" data-id=\"ff8d114\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h4><strong>3. What is economic sustainability?<\/strong><\/h4>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-352abf1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"352abf1\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2f7526a\" data-id=\"2f7526a\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bc52314 elementor-widget elementor-widget-text-editor\" data-id=\"bc52314\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Economic sustainability <\/strong>is the approach whereby economic activities are conducted in such a way as to preserve and promote long-term economic well-being. In practice, it aims to create a balance between economic growth, resource efficiency, social equity and financial stability.<\/p><p><strong>Factors influencing economic sustainability<\/strong><strong>\u00a0<\/strong><\/p><p>Factors influencing economic sustainability include:<\/p><ul><li>The responsible management of resources.<\/li><li>The capacity for efficiency and innovation of economic systems and enterprises.<\/li><li>Financial stability at the macro level.<\/li><li>States&#8217; level of social innovation, that is, each country&#8217;s commitment to promoting policies, programs and initiatives that address crucial social issues such as poverty, gender equality, access to education and health care, environmental sustainability, and other social issues.<\/li><li>International cooperation and partnerships between public administration and private enterprises.<\/li><li>The level of equity and social inclusion.<\/li><li>Corporate responsibility.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-243bdc6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"243bdc6\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f6b5753\" data-id=\"f6b5753\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6b69b52 elementor-widget elementor-widget-text-editor\" data-id=\"6b69b52\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h4><strong>How an economy becomes sustainable<\/strong><\/h4>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b810aa5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b810aa5\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9cab1a1\" data-id=\"9cab1a1\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b59c8db elementor-widget elementor-widget-text-editor\" data-id=\"b59c8db\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>To make an economic system sustainable,\u00a0<em>it is necessary to encourage energy generation from renewable sources, to adopt policies and regulations that encourage energy efficiency, and the promotion of economic models based on <span style=\"text-decoration: underline\">the<\/span><\/em><span style=\"text-decoration: underline\"><a href=\"https:\/\/www.enel.com\/company\/our-commitment\/circular-economy\"><em> circular economy<\/em><\/a><\/span><em>\u00a0which, as such, are able to reduce waste and contain resource exploitation<\/em>.<\/p><p>Achieving these goals requires fostering social and economic inclusion, technological innovation through dedicated investments, promotion of efficient and transparent governance, as well as public awareness and education.<\/p><p>Responsible management of economic resources is of paramount importance because it implies and ensures:<\/p><ul><li>The minimization of environmental impact;<\/li><li>Social and economic equity;<\/li><li>A more resilient and challenge-capable economy;<\/li><li>A more widespread adherence of companies to management based on principles of responsibility and ethics.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c68677b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c68677b\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3959eca\" data-id=\"3959eca\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-131fca4 elementor-widget elementor-widget-text-editor\" data-id=\"131fca4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h4><strong>Is there also a fourth ethical pillar?<\/strong><\/h4>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-471f42a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"471f42a\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ce53adc\" data-id=\"ce53adc\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7ef2583 elementor-widget elementor-widget-text-editor\" data-id=\"7ef2583\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>There\u2019s another pillar of sustainability, which we could imagine as the midpoint of a triangle connecting the other three.<\/p><p>Processes leading to sustainable development would not really be such if all those involved in supply chains did not receive fair \u2013 and sustainable \u2013 remuneration. Also included in this pillar are some of the practices we\u2019ve already considered, for example, respecting human rights and promoting social responsibility.<br \/><br \/>In short, the\u00a0<strong>ethical pillar<\/strong>\u00a0consists of the core set of fundamental guidelines that underpin the practical actions provided for in the other three: these include\u00a0<em>integrity<\/em>,\u00a0<em>transparency<\/em>,\u00a0<em>fairness<\/em>,\u00a0<em>respect for diversity\u00a0<\/em>and\u00a0<em>promotion of collective welfare<\/em>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-cb3665f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"cb3665f\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b7fed47\" data-id=\"b7fed47\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-72d6690 elementor-widget elementor-widget-text-editor\" data-id=\"72d6690\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h4><strong>The pillars of sustainability are interconnected<\/strong><\/h4>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f059ebb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f059ebb\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-294a5a4\" data-id=\"294a5a4\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f6f41b9 elementor-widget elementor-widget-text-editor\" data-id=\"f6f41b9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The pillars of sustainability are closely interconnected, in that every action taken within each of the spheres has spillover effects on the others. There is a strong interconnection between the environmental and economic spheres, where good environmental practices, such as responsible resource management, are essential to maintaining the stability of the economy and the very existence of the food supply chain. Not only that: some sustainability strategies, such as transitioning to a low-carbon economy and adopting sustainable practices, can create economic opportunities, promote innovation and increase the competitiveness of businesses.<\/p><p>The social sphere is also connected to both the environmental and economic spheres. It is well established that in an equitable and inclusive society, where inequalities are reduced, social cohesion, active citizen participation and the basis for a sustainable and resilient economy are fostered \u2013 just as it is evident that people&#8217;s health and well-being are closely linked to the quality of the environment in which they live.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-62977ef elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"62977ef\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-103bec5\" data-id=\"103bec5\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-28c801e elementor-widget elementor-widget-text-editor\" data-id=\"28c801e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h4><strong>What does the ESG Integration strategy involve?<\/strong><\/h4>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-073c611 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"073c611\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-07835bf\" data-id=\"07835bf\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5a9fd7a elementor-widget elementor-widget-text-editor\" data-id=\"5a9fd7a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>ESG Integration\u00a0<\/strong>is the investment strategy that takes into account the factors and risks related to the environment, the importance of the social sphere, and the governance of a company.<\/p><p>This strategy uses non-financial indicators to evaluate the performance of businesses and organizations. ESG Integration involves gathering information on a company&#8217;s policies, practices, and performance related to environmental issues (such as environmental impact and resource use), social issues (such as employee and community relations management), and governance issues (such as governance structure and transparency).<\/p><p>The goal is to promote sustainable investments that generate long-term financial returns, taking into account the social and environmental impacts of economic activities and promoting transparency and corporate responsibility. Enel, for example, was the first company in the world to launch \u2013 in 2019 \u2013 a\u00a0<span style=\"text-decoration: underline\"><a href=\"https:\/\/www.enel.com\/investors\/investing\/sustainable-finance\/sustainability-linked-finance\/sustainability-linked-bonds\" data-wplink-edit=\"true\">bond tied to its ESG performance<\/a>.<\/span><\/p><p>Adopting a sustainability policy for companies that is truly measurable is important in order to foster transparency and accountability to all stakeholders \u2013 from shareholders to employees, suppliers and local communities \u2013 ensuring that the measures taken really do have an impact.<\/p><p><em>Article published June 15, 2023, updated August 9, 2024<\/em><\/p><p><span style=\"text-decoration: underline\"><a href=\"https:\/\/www.enel.com\/company\/stories\/articles\/2023\/06\/three-pillars-sustainability\">INFORMACI\u00d3N ORIGINAL \u2192<\/a><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Sustainability is an essential part of facing current and future global challenges, not only those related to the environment. Here\u2019s what\u2019s involved. Sustainability, the 3 ESG pillars and the SDGs When we talk about\u00a0sustainability, we\u2019re talking about\u00a0a development model that can meet the needs of the present without compromising the ability of future generations to [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":8751,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83,29],"tags":[88,96,102,115,91,92],"class_list":["post-9428","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-interes-general-en","category-uncategorized","tag-blogolinca-en","tag-cognita-en","tag-cognitaway-en","tag-gbwd2024-en","tag-olinca-en","tag-olincaexcelenciaeducativa-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The 3 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