Takeaway

The environmental and social dimensions are similar in that they do not define wealth in terms of possessions that have a price in the market place (unless they are used as raw materials that enter the economic dimension). Therefore it is sometimes difficult to determine the cost and benefits (the value) of initiatives designed to protect the environmental resources and implement social initiatives. Sustainability requires everyone to act in a principled, ethical manner, but progress on these efforts is sometimes difficult to determine. Think about how an organization would report whether it is accomplishing any of the following:
  • acting as a good citizen;
  • being a steward for investors’ investments;
  • eliminating corruption;
  • being transparent;
  • providing fair and reasonable compensation;
  • acting in a fair and just manner, especially when using others’ resources (e.g. the shareholders’ and the banks’ investment).

Click the video below to learn more about what the areas of overlap represent.