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Everything that we need for our survival and well-being depends, either directly or indirectly, on our natural environment. Sustainability creates and maintains the conditions under which humans and nature can exist in productive harmony that requires present and future generations. It can also be expressed in the simple terms of an economic golden rule for the restorative economy; leave the world better than you found it, take no more than you need, try not to harm life of the environment, make amends if you do. Sustainability is a broad concept and it combines economics, social justice, environmental science and management, business management, politics and law.
The origins of sustainability can be traced back to a combination of growing consumer awareness around sustainability issues, changing global trade patterns through globalization, and a growing recognition of the limitations facing intergovernmental collaboration for addressing global supply chain sustainability issues.The two principal precursors to contemporary sustainability standards, namely boycotts and eco-labelling, responded to these changing conditions by providing companies with direct, but limited, incentives for either avoiding unacceptable practices or adopting best-in-class practices.
Sustainability standards, by contrast, have differentiated themselves from their predecessors by offering a systemic means for ensuring that certain specific sustainability practices or outcomes are attained through the production cycle. Voluntary sustainability standards, in principle, begin from the premise that any and all actors within a sector can (and ultimately should) seeks compliance with a given set of practices (criteria) set forth under a given standard. Voluntary sustainability. Sustainability Initiatives IS directly managed by environment and development. It is motivated by recognition of the need for improved information exchange among stakeholders and other members. The objective of sustainable development is to offer a framework for understanding the characteristics, important issues and market trends to select sustainability initiatives and standards operating in global markets. It is hoped that the review can serve as a valuable tool for learning and strategic decision making between the private sector and the sustainability initiatives themselves.


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