Page 6 - Economy_Sustainable Global Economy

6

Economic
It measures the sustainability from the viewpoint of the consumer-led culture treating finite resources of
nature as an income that will result in the aversion of natural crisis.

Sustainability should generate economic wealth in a local, regional and global framework that stimulates
financially possible and profitable development, maintaining the base of natural resources and their
conservation.

Social
Sustainability answer to a need to improve the quality of life of the population as a whole and to seek for
social cohesion (intragenerational equity), as well as to preserve natural capital and the quality of the
environment for future generations (intergenerational equity).

It is based on the maintenance of the social and cultural network, of the capacity to maintain common
interests through democratic and non-exclusive channels. This should be achieved through changing
personal and collective attitudes and practices where people care about others and value social justice,
education, health, peace and tranquility, improving and maintaining the global quality of human life over
generations.

Environmental
Consideration of environmental protection is an integral part of the development process. It involves
incorporating the environmental variable with an ecological approach in each and every one of the
different sectorial policies and actions: rational use of natural resources, minimizing the production and
dangerousness of waste, contributing to the prevention and solution of global environmental problems,
conserving and restore degraded ecosystems and natural spaces, among others.

Sustainability means the compatibility between human activities and the preservation of biodiversity and
ecosystems. The levels of exploitation of natural resources are maintained without reaching its limit
(carrying capacity) and without leading to a decrease in the resource in its essence. It is intended to avoid
the depletion of non-renewable, difficult or slowly renewable resources; in addition to avoiding the
generation of waste and polluting emissions.

1.3 The Global Reporting Initiative. GRI

GRI is an independent international organization that has pioneered sustainability reporting since 1997. GRI
helps businesses and governments worldwide understand and communicate their impact on critical
sustainability issues such as climate change, human rights, governance and social well-being. This enables
real action to create social, environmental and economic benefits for everyone. The GRI Sustainability
Reporting Standards are developed with true multi-stakeholder contributions and rooted in the public
interest