What is the 3 pillar?

The economic pillar is concerned with a company's financial health and long-term profitability. This pillar encourages sustainable practices that not only benefit the environment and society but also ensure the company's success. By aligning economic goals with sustainability, companies can achieve both profitability and purpose.

Understanding corporate sustainability strategy involves recognizing its three main components. These are the environmental pillar, the social responsibility pillar, and the economic pillar. Each of these pillars plays a crucial role in shaping a company's approach to sustainability.

Together, these three pillars form the foundation of a corporate sustainability strategy. They are referred to as pillars because they provide stability and support for the pursuit of sustainable goals. By integrating these pillars into their operations, companies can create a more sustainable and responsible business model.

The environmental pillar focuses on minimizing a company's negative impact on the environment. This includes reducing waste, cutting emissions, and promoting eco-friendly practices. By addressing these issues, companies can ensure they are contributing to a healthier planet.

The social responsibility pillar emphasizes a company's ethical obligations to its stakeholders. This includes treating employees fairly, engaging in honest business practices, and giving back to the community. By fulfilling these responsibilities, companies can build trust and maintain a positive reputation.